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.
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Member FDIC | © 2009 North Shore Bank | Phone: 877.672.2265