Seacoast Bank Business Equipment Loans
Our flexible and competitive business equipment financing options help you maximize your company’s potential through purchasing, repairing or replacing large-scale operating equipment.
A business equipment loan allows business owners to borrow money for the purchase, repair or replacement of large-scale equipment.
With a business equipment loan, the equipment is the collateral. If a business owner doesn’t meet the term agreements, the financing partner may reclaim the piece of equipment, but nothing else.
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.
From heavy machinery and company vehicles to manufacturing equipment, business equipment loans can be a great solution for purchasing, repairing or replacing large-scale business machinery.
Florida-based business and must be in business for a minimum of 3 years.