Equipment Advantage

With the continued escalating equipment prices, securing financing has become an integral part of any business operation. While some manufacturers offer financing, or leasing terms, many of our customers find it advantageous to finance their equipment through Peoples First. Our Equipment Advantage financing packages include the following:

• Generous Credit Availability, up to $75,000
• Competitive rates
• Fixed rate options available, up to five years
• Advance rates up to 90% of acquisition cost
• Amortization schedules up to seven years
• Abbreviated application process
• 48 hour turnaround time in most cases

The increasing cost of equipment purchases necessitates the need for financing in many cases. Getting a quick answer on your loan request can make the difference in either getting that last remaining "special" and going home empty handed. While most manufacturers offer financing programs, be prepared with a Peoples First Equipment Advantage or vehicle loan. At a minimum you will shop assured you're already approved and will know your payment structure in advance. Our terms are competitive, often more attractive than those offered by the manufacturer.

What are some Types of Equipment that Qualify?

Most all-new equipment purchases are qualified under this loan program. A sampling of qualified purchases is shown below. However, keep in mind that this is not an inclusive list.

• Automobiles
• Trucks
• Heavy Equipment (dozers, backhoes etc.)
• Computers
• Medical Equipment
• Printing Equipment
• Auto Repair
• Light Manufacturing Equipment
• Restaurant Equipment

Sounds Interesting, what are your approval criteria?

As with all Business Banking Credit products, we are basing our credit decision on the strength of the business and its owner. Just as your business relies upon your skills and expertise to succeed, we will base our decision primarily on the qualifications, stability, and credit history of the business owner.

How do I get started?

Simply contact your nearest Banking Center and ask for additional details. One of our Business Banking representatives will meet with you to discuss your banking needs and the potential benefits of financing your next equipment purchase with Peoples First. There is a brief loan application, which requests financial information on the business and its owners. We normally reach a credit decision within 48 hours.

Click here to see a list of our branch locations or call us at 800-624-9699 and we will introduce you to your local Business Banking Representative.