EQUIPMENT FINANCING

Community Bank has offered equipment and machinery financing since 1945 to manufacturers, distributors and contractors. We understand the machine tool business and are familiar with most equipment being purchased today. Because of our knowledge, we are able to provide the best loan terms at competitive rates.

Quick response time, flexible terms and competitive rates have allowed us to capture a significant share of the Southern California market. We know the business thoroughly so we can offer fast loan approvals with most financing commitments made available within one business day following receipt of your financial information.

Loan Types

Secured loans are available for the purchase of new or used industrial equipment and machinery for your business.

Equipment Types

Community Bank has significant specialty areas of lending experience including machining, fabricating, injection molding, printing, transporting, and earth-moving equipment.

Loan Terms

Terms of up to 60 months are available, not to exceed the useful life of the equipment.

Advance Rates

Community Bank will advance up to 85% of the purchase price, taxes and installation costs or the appraised value (as determined by the Bank). Market and other factors may impact the advance rate on individual pieces of equipment.

Interest Rates

Community Bank offers both variable and fixed rates:

• Variable rates – based on Prime Rate
• Fixed rates – based on the Bank’s Cost of Funds or Treasury Bill Rate

Collateral

We require a specific UCC filing or other applicable registration on the equipment to be financed.

SBA Loans

Small Business Administration (SBA) loans are available to provide financing for your business. Loan proceeds can be used for equipment purchases, working capital, inventory acquisition, or debt restructuring. Loans under this program are guaranteed by the federal government and have very specific qualification criteria. Community Bank is a SBA Preferred Lender, which allows for faster processing of your loan request. Click here for more detailed information about our SBA lending program.

Other

All loans are subject to Community Bank’s customary due diligence, underwriting, credit approval and documentation.