Equipment Loans

Community Bank offers equipment purchase loans to local businesses for their capital acquisitions. Amounts vary from $5,000 to $1,000,000 or more depending on the needs of the client.

Equipment purchase loans allow businesses to expand their capacity by increasing the number of machines in use today rather than in 3 to 5 years when the business has saved enough money to buy that next machine.

Interest rates are determined by collateral offered, assessment of business risk, market conditions, financial strength of the client and the extent of business the bank enjoys with the client.

For more information regarding Commercial Loans, contact us at any of our locations.

• Minimum of $5,000
• Fixed Interest Rates
• Floating Interest Rates with Prime Rate base
• Some Equity Required

For more information regarding Commercial Loans, contact us at any of our locations.