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Equipment Loans

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Does your business need a new piece of equipment to keep operating or stay competitive? First National Bank and Trust (FNBT) is focused on family business and is ready to help you succeed with an Equipment Loan. We serve communities throughout Northern Illinois and Southern Wisconsin with branch locations in Beloit, Clinton, Delavan, Darien, Elkhorn, Argyle, Williams Bay, Roscoe, Rockton, Janesville, Monroe, Walworth, and Winnebago.
When you apply for a business equipment loan in Wisconsin or Illinois with us, decisions are made in-house and we're committed to providing your business with the highest level of customer service. Find out what your loan payment would be with our business loan calculator.

What Is An Equipment Loan?

This type of business loan provides financing for the purchase of a new or used commercial equipment. Equipment loans are term loans that can be repaid in regular monthly installments. They are secured by the value of the asset being financed. Once the loan is repaid in full, you own the piece of equipment outright.

Examples of equipment loans include:
  • Office furniture
  • Medical equipment
  • Machinery for manufacturing businesses
  • Commercial ovens
  • Hair salon chairs, sinks, and dryers
  • Cars, trucks, and vans for commercial use
  • …and more!

Does Your Business Need An Equipment Loan?

Financing an equipment purchase can be an affordable and convenient way to obtain the new or used equipment your business needs. It also frees up your cash to be used for other business expenses. 

The most popular reasons to get an equipment loan include:
  • Equipment replacement: Replace a broken or obsolete piece of equipment.
  • Equipment upgrades: Stay competitive in your industry by upgrading to the latest model.
  • Additional equipment: Keep up with your growing business demand by adding more equipment to your existing fleet.

Apply For An Equipment Loan In Southern Wisconsin Or Northern Illinois!

We make equipment loans easy and and offer Sound Advice to help you be successful. You can see what your loan payment would be with our business loan calculator or debt consolidation calculator. We can also help with your business loan rates. If you want to forget “business as usual”, you’ve come to the right place! Meet with a business lender at an office near you. FNBT has convenient locations in Argyle, Beloit, Clinton, Darien, Delavan, Elkhorn, Janesville, Monroe, Walworth, and Williams Bay, WI and Rockton, Roscoe, and Winnebago, IL.