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Factory employee working on gear equipment
Factory employee working on gear equipment

we do equipment financing like a well-oiled machine

Competitive equipment financing rates

Need to purchase to purchase or lease equipment but want to preserve your cash on hand? Our equipment financing solutions can help with new, used, or leased equipment, machinery, technology, and workspaces.1

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We’ll structure financing to fit your business

If you’re considering leasing or financing equipment for your business, you’re not alone. 80% of companies take this approach to help preserve working capital, improve cash flow, and take advantage of tax depreciation opportunities. Properly structured, these arrangements can support your company’s growth while helping you reduce the risk associated with owning equipment. We can even tailor payments to meet seasonality requirements. We’re ready to help you with the right terms and flexible structures to meet your needs.

What you can finance just might surprise you

Equipment & Machinery

Stay ahead of the game with up-to-date equipment as you need it. We can even finance a percentage of the soft costs, like installation and training, and allow for step payments or even an occasional skip payment if seasonality affects your business.

Vehicles

If your business relies on transportation to keep it running, why not consider leasing your fleet? You’ll reduce the risk of aging vehicles that break down or require more maintenance than they’re worth. Financing options keep your business moving in the right direction.

Technology & Spaces

If you’re considering a makeover in your workspace, you may need some extra cash. We can help finance technology, along with fixture and furniture additions, to upgrade your business and make sure you can work at optimal capacity.

Other ways to finance

With a BizFlex Line of Credit, you can secure the funds you need based only on your credit score. Your credit is good for five years without renewing, so you're able to secure funding now and spend as needed.2 Plus, you can link your BizFlex Line of Credit account to your business checking account to protect from overdrafts.

BizFlex Line of Credit More borrowing options

It’s easy to get started

Connect with a banker to begin

Local leadership means quick and informed decisions about your financing options. We have in-house credit, documentation, and funding capabilities, and offer flexible structure payments, including seasonal, step payments, and skip pay if you ever need it.

Our team has expertise in a variety of specialty industries, including agriculture, healthcare, manufacturing, transportation, and technology, and can provide:

  • Equipment Lines of Credit
  • Operating and Capital Leases
  • TRAC Leases (for over-the-road vehicles)
  • Equipment Term Loans
  • Interest Rate Risk Management
  • Equipment Appraisals

Get started by completing this form. We’ll take a look and get back to you quickly to review your financing options. It’s just that easy.

 








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Frequently asked questions

Financing equipment could be the right option for you if you want to conserve cash or plan to update equipment periodically. Equipment financing requires no down payment or up-front costs, and terms can be flexible up to 84 months. At the end of the term, you can purchase at the agreed-upon price or return. You can include “soft costs” such as installation and training. Plus, there are tax advantages; as an expense, lease payments may reduce tax liability. By financing equipment you spread costs over its useful life and make payments as you use it.

Finally, partnering with experts to finance equipment gives you in-depth industry knowledge, which can reduce acquisition mistakes.

With leasing and equipment finance, a customer pays to use the equipment rather than to own it. “Lease rates” (or rate factors) vary depending on the structure, equipment type, and term. It is not typical to disclose lease rates in the commercial leasing industry. Rates on equipment term loans are fully disclosed.

Yes. No payment is made to the equipment vendor until you have provided authorization and verbally confirmed to First Financial Equipment Finance that you authorize payment to the vendor.

Our local experts can customize lease programs and structures that address individual business and cash flow needs while providing a fast turn-around of credit, documentation, and funding.

A documentation fee of $500-$2,500 is due along with the first payment at closing. As with a loan, your customer, the borrower, is responsible for any tax associated with the purchase or use of the equipment. This includes sales, usage, and personal property tax. Any taxes paid on behalf of the borrower may contain a small processing fee.

Payments are prorated and due on the first of the month. Invoices start on the acceptance date and bill monthly through the end of lease term.

More to explore

Equipment leasing vs. financing: what's best for your business?

Understand the pros and cons of each.

Are you thinking of starting a business in the Midwest?

Here’s how to do it.

1 Rates are fixed at 7.79% for a 3-year term, 7.99% for a 5-year term, and 8.19% for a 7-year term. Maximum loan amount is $1,500,000. Advertised rates require AFT out of a Business Checking account with First Financial Bank. Origination fees waived on applications received by December 31, 2024. All loans subject to credit review and approval and rates are subject to change without notice.

2 All loans subject to credit review and approval.

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