Business Equipment Financing in VA & NC
Equipment loans are a type of commercial financing specifically for purchasing new or used equipment for your business. From computers to machinery, every type of business requires some kind of equipment to get off the ground, grow, and keep running. Decisions are made locally by bankers in your community.
Examples of different business’ equipment needs include:
- Commercial ovens, ranges, refrigerators, and more for restaurants
- Computers, printers, furniture, and more for offices
- Forklifts, pallet racks, and other machinery for warehouses
- Medical, dental, and veterinary equipment
- Machinery for manufacturing businesses
- Commercial vehicles such as trucks and vans
When to Apply For Equipment Financing
Small business equipment loans can be used by a variety of businesses at different stages. For example, a new business needs to buy all the equipment and machinery it needs to get off the ground. And more experienced business owners will reach a point when something breaks or becomes outdated or they need new equipment for growth. Equipment financing helps you replace essential equipment quickly and affordably, while preserving cash for other business needs.
Alternatives to Equipment Financing
Equipment loans can only be used to purchase new or used business equipment. If you have other business financing needs, consider business loan options such as commercial mortgages, SBA loans, and Receivable & Inventory Financing.
Why choose AMNB for equipment financing?
With local, knowledgeable bankers, your business benefits from quick turnaround times by people who know the market. American National’s tradition of community banking dates back over a century to our founding in 1909. We believe being local is more than just having an office in the community. It's about looking out for local businesses with better banking options and quick, local decisions. Whatever type of commercial financing you need, we are a reliable financial partner for local businesses. With multiple banking locations in Virginia and North Carolina, our experienced team of lenders are dedicated to helping businesses run more efficiently. Have questions? Contact your nearest AMNB commercial lender or schedule an appointment to discuss your equipment financing needs.
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