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North Shore Bank
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Guidance Loan or Lease Lines

Let us provide the tools to help your business grow.

  • Purchase your business equipment.
  • Available when you need it.

Who it’s for:

North Shore Bank provides pre-approved lines of credit to purchase equipment or machinery. These lines anticipate the purchase requirements of your business and help you plan for capital expenditures accordingly.

Features:

  • Flexible down payment requirements and repayment terms based the type of asset financed.
  • Guaranteed availability when needed.
  • Monthly payments are automatically deducted from your North Shore Bank business checking account.

Benefits:

  • Pre-approved, available funds to purchase equipment or machinery.
  • Typical collateral includes: specific equipment or machinery to be financed.
  • Usual repayment terms of 12 to 60 months.
  • 15% down payment on loans - 100% financing on leases.

Still have questions? We can help.