Bank SNB believes in the power of local businesses, and we offer financing tailored to fit your needs. Our goal is to help you manage cash flow while acquiring the equipment, inventory and operating capacity you need to be successful.
Term financing is generally repaid over a period of time longer than one year. They require an amortization schedule with regular, predictable payments agreed upon by you and Bank SNB, but they give you the flexibility to get what you need while continuing to operate your business. The term of the financing is structured to match the life of the asset.
Term financing may be used to purchase machinery and equipment, vehicles and trucks, or furniture and fixtures. They offer a number of benefits, including:
- Convenient direct debit payments
- Low down payments
- Ability to monitor and budget loan payments
Talk with a commercial banker in your area to determine if term financing is right for your business.