Business BankingBusiness Lending Equipment Loans & Leasing Get an edge on your competition. We offer low rates on new and used equipment for every part of your operation. Your equipment plays a vital role in the success of your business. Whether you need to cover repair expenses, update and replace your current equipment or upgrade to newer technology, equipment financing will keep you operating smoothly. What is an Equipment Loan? The right equipment can make all the difference. At Town and Country Bank and Peoples Prosperity Bank, we offer competitive rates and flexible terms on financing equipment loans. Whether you’ve been planning to upgrade your equipment or need an unexpected repair, equipment financing is the answer. Instead of draining your savings or working capital, an equipment loan protects your working capital and keeps it available for daily operating expenses. What can I use an Equipment Loan for? If it keeps your business running, it most likely qualifies for equipment financing. New and used vehicles, tractors, combines, seeders, irrigation systems, and fencing are just a few examples of equipment that would qualify. What are the benefits? Competitive rates for new or used equipment Customized terms, designed around the unique needs of your business Meet needs without utilizing working capital or savings Stay ahead of your competition Avoid effects of down production periods and outdated equipment Local decision-making and processing Attentive, friendly service from application to closing Equipment Leasing The right equipment keeps your business thriving and competitive, but growing and maintaining your equipment inventory can be costly and drain your cash flow. Commercial equipment lease financing allows you to purchase the equipment you need, without depleting your working capital or savings on a down payment. What is Business Lease Financing? There are times when renting your equipment may be a better choice than an outright purchase. A business equipment lease from Town and Country Bank and Peoples Prosperity Bank helps you get the equipment you need to succeed. Hay balers, seeders, tractors, and irrigation systems are just a few examples of equipment that might qualify for a business lease loan. Benefits of Business Lease Financing 100% financing and no down payment required Variable payment terms available for seasonal customers Fixed-rate for the lease term Most leases can be structured to meet tax objectives (Consult your tax advisor to assess which lease best fits your business needs) At the end of the lease, you may have the option to return the equipment, purchase at a predetermined price, or continue leasing the equipment Why Choose Town and Country Bank and Peoples Prosperity Bank? At Town and Country Bank and Peoples Prosperity Bank, our lenders are experienced in local decision-making and processing. Our lenders pride themselves on their detailed, attentive service from application to closing. Unlike traditional leasing companies, we never charge termination or prepayment penalties should you need flexibility during the term of your lease. The Right Solution is Waiting As your community bank, we understand the unique needs of businesses within our community. Town and Country Bank and Peoples Prosperity Bank serve and empower local communities in Central Illinois and Metro East, one person or business at a time. Our branch locations include Springfield, Buffalo, Jacksonville, Lincoln, Decatur, Mt. Zion, Edwardsville, Fairview Heights, and Quincy, and our loan production office in Bloomington. Our associates are ready to connect you with a lender.