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Business Equipment Loan
KeyBank can offer you the financing you need to purchase business equipment. Let us help you purchase the equipment you need today, and you can take advantage of deferring the principal payments for six months.
Details of our Business Equipment Loan include:
- Pay interest only for the first six months of the loan term
- At the end of six months, your business will be billed principal and interest payments, amortized over the remaining term of the loan
- Choose a fixed or variable interest rate
- Loan term can be up to seven years; minimum size is $10,000 and maximum is dependent on credit review
- Loan proceeds must be fully disbursed at closing; no multiple draws are allowed
The loan cannot be used for construction, real estate purchases, or debt consolidation. The loan structure cannot be used with Small Business Association (SBA) Guaranteed Loans.
All loans subject to credit approval.