Author, Insider 94 staff
U.S. companies borrowed 9% more in December to finance equipment investments compared with a year earlier, according to the industry body Equipment Leasing and Finance Association (ELFA). If scaling your business involves equipment purchases, Centrust Bank may be able to help.
Whether you are looking to finance new or used equipment, we may be able to structure a loan with more favorable terms than traditional leasing companies. Current equipment financing programs include 10% down for conventional financing of equipment for 3 or 5 years, or 0% down for SBA financing for 10-15 years. However, depending on the size of the loan, it may be worth exploring if your total lending needs should be evaluated for even further savings.
Most recently, Centrust Bank assisted Pilot Project, a first-of-its-kind brewery incubator dedicated to the art of brewing and the community inspired by the craft of brewing. The company started its brewery incubator, tasting room & cafe at Logan Square in Chicago and most recently the Brewery District in Milwaukee where Centrust helped finance the equipment in its new location.
Whether you are exploring equipment needs for an existing location, exploring a new location, or looking to bring operations from overseas to your US location perhaps we can help. Contact us for a consultation today.
To learn more, visit http://www.centrustbank.com. We want to add on behalf of Centrust Bank that the information provided here is not investment, tax or financial advice. You should always consult with a licensed professional for advice concerning your specific situation.
. If scaling your business involves equipment purchases, Centrust Bank may be able to help. Whether you are looking to finance new or used equipment, we may be able to structure a loan with more favorable terms than traditional leasing companies. Current equipment financing programs include 10% down for conventional financing of equipment for 3 or 5 years, or 0% down for SBA financing for 10-15 years. However, depending on the size of the loan, it may be worth exploring if your total lending needs should be evaluated for even further savings.){kind=link}