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Equipment & Machinery Loans
You've got a job to do. Let's put the right tools in your hands.
Loans for wide range of machinery, equipment and hardware
Money-saving rates
Flexible payment plans work with your business cycle
Let's work together
Have questions or need guidance? Our experienced lending team is here to assist you every step of the way.
From basic machinery to cutting-edge technology
Manufacturers need factory equipment. Contractors require sophisticated power tools. Medical practices operate with the latest diagnostic devices. And businesses of all types update computer hardware. Whether you're expanding, modernizing or simply replacing essential components, Securityplus Federal Credit Union's commercial lenders can tailor a loan that helps keep your business a jump ahead of the competition.
- Competitive fixed rates help reduce the overall purchase price
- Repayment plans up to 7 years take stress off your annual budgets
- With our simplified documentation requirements, a Purchase Agreement or Contract of Sale with VIN or Item Identification number is all you need to get started
Loan Requirements
- Business Loan Application
- Lending Matrix (documents specifying terms, requested loan amount, collateral as applicable, etc.)
- 2 – 3 years of personal and business tax returns (dependent on loan amount)
- Signed Credit Authorization for permission to review credit
- Personal Financial Statement (as applicable)
- Business Debt Schedule
- Purchase Agreement/Sales Contract
- Collateral Valuation
