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Purchasing equipment outright can be tough on your cash flow. Equipment business loans give you fast access to the capital you need to keep your business functioning at the highest level.
Need to finance the purchase of a work truck, commercial equipment or piece of specialty machinery? We’re proud to work with you to make it happen.
Get your equipment loan started quickly and easily below
Once you click submit, your personal loan expert will be in touch shortly
Please note this does not constitute a completed application.
*Applies to loan amounts under $100,000. Minimum credit score of 650 required. Loans must be repaid through a qualified SBSI deposit account using Automatic Funds Transfer. New equipment purchases require a loan-to-value (LTV) ratio of 90% or better. Used equipment purchases require an LTV of 80% or better. Three-day turnaround begins with the receipt of a completed application. An application is considered complete when the Bank has received: tax return representing a full calendar/fiscal year of operations; personal financial statement; appropriate disclosures; corporate documents (may vary depending on applicant). Three-day turnaround excludes non-business days and holidays. If Saco & Biddeford Savings is unable to meet the three-day turnaround guarantee, applicant will be eligible to receive a credit of $150 at time of closing.
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