6.75% APR*
Business Equipment Loan…
Lock your rate until 2030!
Equipment and vehicle financing –
A business installment loan can be used to finance long-term working capital, debt consolidation, or equipment purchases such as manufacturing, printing and office equipment, or vehicles. Get the equipment that you need to operate and scale your business.
BONUS: One-time interest rate change option during the first 36 months of the loan to lower the interest rate should rates decrease!
Our experienced lenders are always available to discuss your needs.
Contact Us Today: 651-227-7071 – BankCherokee.com
BankLocal. BankBetter. BankCherokee.
*Application subject to credit approval. The 6.75% fixed rate applies to new and used vehicles & equipment loans up to 100% on new and 80% on used with terms up to 84 months for credit qualified applicants. Rate based on automatic monthly payments from a BankCherokee checking account. One-time interest rate change option during the first 36 months of the loan to lower the interest rate should rates decrease. The interest rate will be calculated on the then 5-year treasury constant maturity rate, plus 2.75%. The interest rate cannot change to a value lower than 4.50%. Borrower must contact their banker to request this change. Borrower agrees to pay interest rate change fee equal to 0.50% of principal balance at the time of the request. The changed interest rate will be effective on the date the loan fee is paid. Documentation fee will be $300. Rates are subject to change. Other restrictions may apply.