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!
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.