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Term Loans

Equipment & Vehicle Financing

Financing options for any business need.

For more than 40 years, U.S. Bank has helped customers nationwide finance machinery, vehicles, furnishings, computers and other equipment their businesses need.

 

Quick Loan for Vehicles

Quick Loan for Business

Business Loan

Equipment Finance

What It Is

Financing for new/used vehicles

Financing for new/used equipment purchases and business expansion needs

Financing for new/used equipment purchases, including vehicles, and other long-term financing needs

Financing for a wide range of new or used business equipment

 

Typical Uses

  • New vehicles
  • Used vehicles
  • Vehicle refinance (new or used)
  • Medical/dental equipment
  • Manufacturing equipment
  • Retail equipment and furnishings
  • Medical/dental equipment
  • Manufacturing equipment
  • Retail equipment and furnishings
  • Medical/dental equipment
  • Commercial Vehicles
  • Computer hardware/software
  • General business equipment
  • Agricultural equipment

Typical Amounts

$5,000 – $100,000

$5,000 - $250,000

Up to $2 million

$10,000 – $500,000

Can Cover Multiple Pieces of Equipment

(up to 3 pieces)

(unlimited)

Can Cover Installation and Other “Soft Costs”

   

Pre-Approval Option

  

(up to 60 days)

SBA Options

 

 

Term Options

Up to 72 months

Up to 60 months

Up to 80 months

Up to 60 months

Collateral

Purchase or refinancing vehicles

Purchased equipment or general business needs

Purchased equipment or vehicles

Financed equipment

Down Payment Requirement

No

 

No

No

Time in Business Requirement

6 months

6 months

2 years

2 years

Other Options to Consider

If you’re a health care practitioner or a McDonald’s owner/operator, you may qualify for one of our customized equipment lending programs.

Practice Financing »

McDonald’s® Franchise Financing »

Equal Housing Lender Equal Housing Lender

Credit products offered by U.S. Bank and subject to credit approval and program guidelines.
Financing maximums and terms are determined by borrower qualifications and use of funds. U.S. Bank and its representatives do not provide tax advice. Consult an advisor regarding a particular financial situation. For any deferred or promotional payment period, interest accrues and is amortized over the remainder of the term and outstanding balance. Deposit products offered by U.S. Bank National Association. Member FDIC. Credit products offered by U.S. Bank National Association and are subject to normal credit approval and program guidelines. Deposit products offered by U.S. Bank National Association. Member FDIC.

 

*The 3.49% interest rate applies to new or used equipment or vehicles Quick Loan up to 80% LTV for loan terms up to 36 months for credit qualified applicants. Disclosed rate reflects 0.50% discount based on automatic monthly payments from a U.S. Bank Business Checking account.  In order to receive the lowest rate advertised, a set-up of automatic payments from a U.S. Bank Small Business Package Checking account is required. Automatic payments are not required for loan approval.  The Business  Pricing Information brochure lists terms and conditions that apply to Small Business U.S. Bank Checking Packages and can be obtained by calling 800.872.2657.  A $75 origination fee applies to all loans and will impact final APR. Higher rates may apply based on a lower credit score, a higher LTV, or not having automatic monthly payments taken from a U.S. Bank Business Checking account. Advertised rate is as of 07/20/2017 and subject to change without notice based on market conditions.

Get Started Today

Call Us
1-866-280-3751

 

 

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