Flexible Equipment Financing to Power Your Business
Unlock the potential of your business with Seacoast Bank’s small business equipment loans. Whether you're purchasing, repairing or replacing essential equipment, our financing solutions are designed to help you grow efficiently.
Why Choose Seacoast Bank for Equipment Loans?
Fast, Local Lending Decisions
Get same-day loan decisions in most cases, with personalized support from local Florida-based experts1
Flexible Loan Terms
Finance up to 100% of your equipment costs upon approval
Preserve Cash Flow
Spread out equipment costs over time — helping you maintain steady cash flow and plan your budget with confidence
From heavy machinery and commercial vehicles to manufacturing and medical equipment, our loans cover a wide range of business needs.
Why Choose a Seacoast Business Equipment Loan?
Loan Amount: From $10,000
Interest Rates: Low fixed interest rates
Loan Terms: Up to six years
Payments: Predictable monthly payments for easy planning. Seamlessly have payments automatically pulled from a connected Seacoast Bank Business Checking account
Requirements: Be Florida-based and in business for a minimum of three years
What You Need to Apply:
Gather Your Information:
Prepare the following documents to apply:
Three years of tax returns for your business and each guarantor
List of your current monthly debt payments.
Personal financial statements
Driver’s license information for each owner
Identifying information, including date of birth and documentation for each individual who has 25 percent or more beneficial ownership in the legal entity and one individual with significant managerial control2
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
Submit:
A local Florida-based lender will follow up with you in one business day or less on the status of your loan
A business equipment loan is a type of financing that allows business owners to purchase, repair or replace large-scale equipment. The equipment itself serves as collateral for the loan, meaning if the borrower fails to meet the loan terms, the lender may reclaim the equipment—but no other business assets are at risk. This structure makes equipment loans a practical and secure option for acquiring essential business tools.
For an equipment lease, the lender purchases it and leases it to you at a predetermined monthly amount. 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.
To qualify for a business equipment loan, lenders typically look at several factors:
Credit Score: Good personal and business credit scores.
Time in Business: A Florida-based business operating for a minimum of three years.
Down Payment: A down payment which is usually 10% to 20% of the equipment cost.
Typical terms for an equipment loan include:
Loan Term: Usually between 6 months to 3 years.
Down Payment: Typically, 10% to 20% of the equipment cost.
Yes; you can refinance your existing equipment loan to potentially secure better terms, such as lower interest rates or extended repayment periods. By doing this, you can potentially reduce your monthly payments and improve cash flow.
Connect with a Local Lender 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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