A secured or unsecured loan with your choice of a fixed or variable rate, the BizEssentials® Term Loan* is popular for new equipment purchases, which can be eligible for special tax benefits like full depreciation in the first year**.
- Secured loan amounts from $25,000 - $3,000,000
- Unsecured loan amounts from $25,000 to $500,000
- Fixed and variable interest rate options
- Flexible terms up to 84 months, depending on collateral***
- Potential tax savings**
- Multiple payment options
- Secured and fully-amortized
*Subject to credit approval
**Consult your tax advisor for details.
*** Collateral can include industrial equipment, office equipment, vehicles and certificates of deposit.