Finance or refinance business equipment
Whether you’re looking to own or lease new or used equipment of almost any kind, Amegy Bank’s equipment financing solutions will help ensure your business has the type of funding option it needs for growth and future success.
BUSINESS EQUIPMENT FINANCING AND LEASING
Finance or Lease the equipment you need to succeed.
Equipment Types (partial list):
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Construction (contractors, dealers, and manufacturing)
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Transportation (commercial vehicles, semi-trailers, buses, and vocational vehicles)
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Medical, dental, and veterinary
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Machine tools and plant manufacturing
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Corporate aircraft (planes and helicopters)
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Warehouse (material handling, distribution, printing, and packaging)
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Marine (vessels, barges, and dredges)
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Power generation (solar panels and windmills)
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Office (software and information technologies, office furniture, fixtures, racking and shelving)
Financing options:
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Conventional Term Loans: Purchase vehicles, heavy machinery, computers, and more with a competitive rate and fixed repayment schedule that affords your business greater cash flow predictability.
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Equipment Finance Line: Access flexible financing for numerous pieces of equipment with this credit line for companies of all sizes and types.
Using the line gives you the confidence of knowing you already have the funding secured yet still provides the flexibility of determining the optimal long-term financing structure for each piece of equipment.
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Equipment Leases: Conserve working capital and effectively manage financial ratios while supporting your success with the equipment acquisitions your business needs to thrive.
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Progress Funding: Access customized, flexible interest-only terms for a large commercial project that requires periodic disbursements to vendors for a percentage of the equipment or work completed.
Why choose Amegy Bank for your Equipment Financing and Leasing needs?
Knowledgeable in a Variety of Industries
Our experienced equipment finance officers sit down with you to discuss your needs, your market, and how to best capitalize on your growth opportunities. We are proud to have received numerous awards for excellence in equipment finance and small business banking.
Local Decision-Making
We’re a relationship-based community bank specializing in small business lending. Our seasoned bankers offer knowledge of local markets, flexible terms, a variety of options, and decisions made locally. Because we focus on relationships, it’s no surprise that we get high marks for customer satisfaction.
How to Get Started
You can apply now online for loans up to $250,000. For loans over $250,000, fill out the form above and get in contact with a banker.
Features and benefits of leasing
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Up to 100% Financing and Low or No Down Payment — With little or no down payment, retain your working capital for daily needs
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Preserve Cash Flow — A lease often provides a lower monthly payment than traditional financing
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Alternative Source of Capital — Avoid last-minute financing and keep existing lines available
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Interest Savings — A lease may give you a lower after-tax cost of ownership of an asset
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Quick Turnaround — All decisions are made locally, resulting in fast and easy turnaround. Once a line is in place, transactions can be processed in 24 hours
Additional Leasing Solutions
- Finance Lease ($1 Buyout): This lease allows for fixed monthly payments but with the guaranteed option to purchase the equipment for a nominal price at lease end. The buyout terms are part of the initial agreement and ownership is typically transferred with a Bill of Sale (BOS) for $1 at the conclusion of term.
- Terminal Rental Adjustment Clause (TRAC) Lease: This lease allows the lessee to establish the residual value of the vehicle at the beginning of the term. At lease end, the lessee may purchase the vehicle for its predetermined TRAC value outlined in the lease agreement or return it.
- Operating Lease: This lease does not contemplate a full payout of the cost of the equipment, and the monthly payments are typically less than other finance lease products. Upon maturity of the lease, the lessee may renew the lease, purchase the equipment at fair market value, or return the equipment with predetermined conditions outlined in lease agreement.
- 1st Amendment Lease: This lease gives the lessee the option to purchase the equipment at a specific point for fair market value or a specified dollar amount, whichever is higher. If the lessee declines to purchase, the lease automatically renews for an additional predetermined period (typically about a year).