Equipment Lending and Loans
Plumas Bank specializes in equipment lending and we can help you purchase almost any type of equipment or tangible asset to help your business grow and flourish. Examples of equipment include but are not limited to computers, machinery, tractors, vehicles, appliances and furniture. An equipment loan is a secured installment loan so you can receive the funds upfront in a lump sum and then you make regular payments over the loan’s term. When applying for an equipment loan, you generally know what equipment you are buying and the vendor you are buying it from.
If you do not yet know what equipment model you want to purchase or the vendor you are purchasing from, you may want to apply for an equipment credit line. An equipment line of credit has more flexibility. It allows you a credit limit that you can draw on to buy items within a determined window of time. Once you’ve made the purchases or the buying window expires, your equipment line of credit becomes an equipment loan.
Plumas Bank loan experts can help you determine which type of equipment lending option will work best for you and your business. To get the loan guidance you need, contact a Plumas Bank loan officer today – they will help you every step of the way. Let one of our experienced loan officers develop a custom-tailored loan solution designed to help you succeed!
Types of Equipment Lending
Plumas Bank offers a variety of equipment lending options. We have equipment lending experts that can guide you every step of the way and will give you the personal service you deserve. Our expert equipment lending officers will explain all the equipment lending options available, including Small Business Administration (SBA) options. Plumas Bank has an award-winning SBA team and has Preferred Lender Status with the United States Small Business Administration. Rest assured, at Plumas Bank our loan officers are well-known for being accessible and approachable, and they take the time to listen to your unique needs so they can offer you a custom-tailored loan that will help your business succeed.
Equipment Lines of Credit for Businesses
If you have not yet determined what type of equipment model you want to purchase or the vendor you are purchasing from, you may want to apply for an equipment credit line. It’s easy to apply and an equipment line of credit has flexibility. It allows you a credit limit that you can draw on to buy items within a determined window of time. Once you’ve made the purchases or the buying window expires, your equipment line of credit becomes an equipment loan.
It’s convenient to have an equipment line of credit when you want to finance the purchase of equipment such as computers, machinery, tractors, vehicles, appliances and furniture. Having this business credit is a confident way to shop for your business equipment needs.
It’s wise to apply for an equipment loan with Plumas Bank, especially if you have an established relationship with us. We specialize in working with small businesses, we get to know you and your business, and we can help you learn how to qualify for a loan. We work hard to help you succeed.
If you have a fast-paced business that cycles through new equipment quickly, then an equipment lease may be a good option for your business. For example, if you must continually upgrade your computer equipment, leasing may be a good option because you are not stuck owning obsolete equipment. Equipment leases are often eligible for tax credits too; (contact your accountant for more information.). Our experienced loan officers can help you determine whether purchasing or leasing equipment is the best choice for you based on your unique business needs, your budget and the current state of your finances. Contact a Plumas Bank loan expert today.
Equipment Lending with Plumas Bank
At Plumas Bank, it’s all about the relationships. Large and small businesses alike can rest easy when obtaining an equipment loan with Plumas Bank because a friendly and knowledgeable loan officer will be by your side every step of the way throughout the entire process. As a locally owned and community-supported bank, we are proud to offer flexible and rewarding commercial loan options to local business owners. We live and work in your neighborhood, we know your business and we want you to succeed. We’re here for you, and HERE. For Good.