Equipment Leasing and Financing


Over 80% of Fortune 500 companies lease equipment despite their strong cash positions. Why? Because, on average, a company earns about 15% on every dollar of working capital retained in the business – so, while cash should be used to increase sales, equipment is best acquired through leasing. A lease enables you to pay for equipment with the profits or savings that it generates. Remember, it’s the use of the equipment – not the ownership – that generates profits!

At Mechanics Bank, we believe that leasing is an important business strategy for any size company. We specialize in helping you to afford the latest in equipment by providing flexible terms to help accommodate any budget. We also believe that the relationship doesn’t stop with the funding of the lease. Our helpful and friendly leasing representatives are here to answer any questions that you may have and walk you through the solution, every step of the way.

Get started by calling 925-482-8025.

Benefits

  • 100% financing, including delivery and installation charges available to qualified customers
  • Flexible Terms: $1 or 10% purchase amount at termination
  • No financials required up to $100,000
  • Many types of equipment both new & used
  • Preserve Bank lines of credit
  • Fast approval process
  • Possible tax benefits available (consult your tax advisor)
  • Competitive rates

Purchase Options

This is a finance lease. The lessee must purchase the equipment for either $1 or 10% of the cost of the equipment. The 10% option offers the flexibility of lower monthly payments.

Terms

  • Length: 24 to 72 months ($100K+ for 72 months)

  • Rate: Fixed, & varies depending on the program and size of the transaction (call for current rates and payment factors).

Types of Equipment

We finance all types of equipment, including: Production machinery; warehousing equipment; medical/dental equipment; general office equipment; Computers and networking equipment; wine and agricultural equipment; construction; and automotive repair equipment (including commercial vehicles); and much more!

How Easy is the Process?

  • Complete the application (by fax or email)
  • Select the equipment
  • Sign the lease documents
  • Take delivery
  • Vendor is paid

Type of Programs

  • Application Only: $10K – $100K. One page application. No financials, no business plan.
    Same day approvals!
  • Full application: $10K - $500K. Financial data required. Our most aggressive rates.

To discuss your equipment needs and how a lease will benefit you, contact our Equipment Finance Group on 510-741-3550 or email EFG@mechbank.com.

Get Started Today

Fill Out An Application

Call: 925-482-8025
Email: EFG@mechbank.com