Bank of America Equipment Financing - 2017-2018 StudyChaCha

Go Back   2017-2018 StudyChaCha > StudyChaCha Discussion Forum > General Topics




  #1  
Old November 13th, 2017, 05:06 PM
Unregistered
Guest
 
Posts: n/a
Default Bank of America Equipment Financing

What are features and fee for Equipment Financing / Loan of Bank of America? If you have any information about Equipment Financing / Loan, so tell me about this type of Loan from Bank of America?
Reply With Quote
  #2  
Old November 13th, 2017, 05:34 PM
Educhamp's Avatar
Super Moderator
 
Join Date: May 2011
Location: Delhi
Posts: 33,119
Default Re: Bank of America Equipment Financing

As you want to know about Equipment Financing / Loan offering by Bank of America, so I am giving complete information:

Equipment loan features, terms and fees
Available for amounts of $25,000 and up (no maximum) on a wide range of equipment types layer and commercial vehicles greater than 2.5 tons

Origination fee 0.5% of amount financed

Loan is secured by the equipment you're financing

Borrow up to 80% of the purchase price

Flexible terms up to 5 years

Competitive fixed rate that considers your overall business relationship with Bank of America

Is leasing equipment right for you:
Finance up to 100% of the purchase price plus up to 20% for soft costs such as taxes, freight and delivery

Get a competitive fixed rate and have funds disbursed directly to the equipment dealer

Finance $50,000 and up—and get a possible reduction of your taxable income.Footnote

True tax Lease
lease layer purchase

At end of lease You can renew the lease, return You own the equipment
the equipment or purchase the for $1
equipment at fair market value

Term 5 years 5 years

Fees Origination fee of 1.0% of Origination fee of 1.0% of
amount being financed amount being financed

$250 documentation fee (waived 250 documentation fee (
if client signs up for ACH payments) $waived if client signs up for
ACH payments)
No annual fee or additional No annual fee or
closing costs additional closing costs

Loan-to-value layer Up to 100% Up to 100%
__________________
Answered By StudyChaCha Member
Reply With Quote
Sponsored Links






















Other Discussions related to this topic
Thread
MDU Surplus Equipment
Transfer Money From Bank Of America To State Bank Of India
RV Financing Bank Of America
Water Sports Equipment Suppliers
Bank of America Bank Routing Number
Survey equipment suppliers
Pest Control Equipment Suppliers
Medical Equipment Technology
National Bank Equipment Corporation
Hotel Equipment Suppliers
Unique Gym Equipment
Micro Financing In India
Citibank Equipment Finance
CCS Projects & Equipment Pvt. Ltd
Electronic Equipment Repairing Course Available in India
CPRI test equipment
Brooks Institute Equipment
AIS Heavy Equipment School
Equipment Reliability Institute
Financing your MBA Canada






Have a Facebook Account? Ask your Question Here



Reply


Forum Jump


All times are GMT +6.5. The time now is 03:43 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.0 PL2

1 2 3 4 5 6 7 8 9