Get the Tools Your Small Business Needs with an Equipment Loan

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Low Fixed Interest Rates

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Financing Available Up to $100,000


Your Equipment Loan Comes with These Features:

  • Fixed Interest Rates as Low as 4.24%1
  • Up to 100% Financing Upon Approval
  • Financing Available from $10,000 to $100,000
  • Financing Up to 6 Years Available1
  • Quick Response - In Most Cases, Providing a Loan Decision the Same Day You Apply
  • Automatic Payments from Seacoast Business Checking Account Available
  • Fixed Rates and Predictable Monthly Payments for Easy Planning

FAQs about Business Equipment Loans:

What is a Business Equipment Loan?

An equipment loan allows you to borrow money for expensive equipment for your business. You will pay down the loan over time, plus interest. At the end of the loan, you will fully own your piece of equipment.

How does a business equipment loan work?

Equipment loans are self-collateralized, meaning you are borrowing against the piece of equipment itself. If you default on your loan, the lender can seize the piece of equipment, but nothing else.

What is the difference between a business equipment loan and lease?

For an equipment lease, the lender purchases the equipment and leases it to you at a predetermined amount every month. At the end of the month, the lender still owns the equipment. With a business equipment loan, you, as the business owner, purchase the equipment through a loan and pay it down every month with interest. At the end of the loan, you fully own the piece of equipment.

What sorts of equipment can I buy with a business equipment loan?

Any equipment that your business needs and wouldn’t be able to pay for upfront. This could be anything like kitchen equipment, like stoves and dishwashers, to office equipment, like desks and chairs, or HVAC systems.

What You Need to Apply:

  • Three Years of Tax Returns for the Business and Each Guarantor
  • Purchase Agreement
  • Personal Financial Statement
  • Driver License Information for Each Owner
  • Identifying information including date of birth and documentation for each individual that has 25 percent or more beneficial ownership in the legal entity and one individual with significant managerial control.2
*Otherwise a $7 monthly service fee will apply

Applying for Your Business Banking Equipment Loan is Simple.

Gather Your Info
We've listed out the items you'll need for your small business equipment loan application in the "What You Need to Apply" section above for your convenience.
Enter Your Info
Submit your information in the secure account that will be created when you click "Apply Now" below. You'll have the ability to begin and save your application to return to later.
Done!
That wasn't so bad, right? A local, Florida lender will follow up with you in one business day or less on the status of your loan.

Connect with a Local Banker about Equipment Loans.

Are you interested in contacting a local, Florida banker to discuss your individual financial needs? We’d love to speak with you. Schedule a consultation today.

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