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Equipment Leasing

For more information, contact Bob Leonard at 248-283-6479 or bleonard@bankofbirmingham.com.

Obtaining the equipment needed to grow your business is a challenge that all businesses face – from the start-up to the most successful Fortune 100 Company. At Bank of Birmingham Equipment Finance we have the products and solutions to meet your financing needs.

Why lease from Bank of Birmingham? Benefits can include:

  • 100% financing, allowing you to keep more working capital in the business
  • competitive interest rates
  • flexible repayment structures that adjust for seasonal cash flows
  • more favorable tax treatment and reduced balance sheet leverage
  • flexibility in meeting capital budget limitations
  • liquidity and availability from the primary banking relationship can be retained

Financing is generally available for most equipment. Some of the more popular equipment includes:

  • Manufacturing equipment
  • Transportation equipment
  • Material handling equipment
  • Computers/IT/Communications
  • Furniture, fixtures and equipment
  • Used equipment

Bank of Birmingham provides a variety of lease programs and structures, including:

  • Finance lease – for lessees who want to retain tax and ownership benefits
  • Lease discounting – for indirect third-party financing
  • Sale leasebacks – to draw funds out of equipment you already own
  • Lease lines of credit – to provide ongoing financing to lessees buying equipment throughout the year
  • Vendor leasing – to assist manufacturers and distributors finance their customer's acquisition

All financing is subject to approval but if your business needs new equipment, or you need financing to support sales to your customers, please contact the equipment leasing specialists at Bank of Birmingham.