Whether you’re looking to own or lease new or used equipment of almost any kind, California Bank & Trust’s equipment financing1 solutions will help ensure your business has the type of funding option it needs for growth and future success.
Equipment types
- Construction (contractors, dealers and manufacturing)
- Transportation (commercial vehicles, semi-trailers, buses and vocational vehicles)
- Medical, dental and veterinary
- Machine tools and plant manufacturing
- Corporate aircraft (planes and helicopters)
- Warehouse (material handling, distribution, printing and packaging)
- Marine (vessels, barges, dredges)
- Power generation (solar panels and windmills)
- Office (Software and information technologies, office furniture, fixtures, racking and shelving)
Financing options[cite::282::cite]
CONVENTIONAL TERM LOANS
Purchase vehicles, heavy machinery, computers and more with a competitive rate and fixed repayment schedule that affords your business greater security and predictability.
EQUIPMENT FINANCE LINE
Access flexible financing for numerous pieces of equipment with this credit line for companies of all sizes and types.
Using the line gives you the confidence of knowing you already have the funding secured yet still provides the flexibility of determining the optimal long-term financing structure for each piece of equipment.
EQUIPMENT LEASES
Conserve working capital and effectively manage financial ratios while supporting your success with the equipment acquisitions your business needs to thrive. Learn more.
PROGRESS FUNDING
Access customized, flexible interest-only terms for a large commercial project that requires periodic disbursements to vendors for a percentage of the equipment or work completed.
How to get started
Features and benefits of leasing
- Up to 100% Financing and Low or No Down Payment — With little or no down payment, retain your working capital for daily need
- Preserve Cash Flow — A lease often provides a lower monthly payment than traditional financing
- Alternative Source of Capital — Avoid last-minute financing and keep existing lines available
- Interest Savings — A lease may give you a lower after-tax cost of ownership of an asset
- Quick Turnaround — All decisions are made locally, resulting in fast and easy turnaround. Once a line’s in place, transactions can be processed in 24 hours
Finance Lease[cite::282::cite]
($1 Buyout)
This lease allows for fixed monthly payments but with the guaranteed option to purchase the equipment for a nominal price at lease end. The buyout terms are part of the initial agreement and ownership is typically transferred with a Bill of Sale (BOS) for $1 at the conclusion of term.
Terminal Rental Adjustment Clause (TRAC)[cite::283::cite] Lease
This lease allows the lessee to establish the residual value of the vehicle at the beginning of the term. At lease end, the lessee may purchase the vehicle for its predetermined TRAC value outlined in the lease agreement or return it.
Operating Lease
This lease does not contemplate a full payout of the cost of the equipment, and the monthly payments are typically less than other finance lease products. Upon maturity of the lease, the lessee has the opportunity to renew the lease, purchase the equipment at fair market value or return the equipment with predetermined conditions outlined in lease agreement.
1st Amendment Lease
This lease gives the lessee the option to purchase the equipment at a specific point for fair market value or a specified dollar amount, whichever is higher. If the lessee declines to purchase, the lessee cannot return the equipment and is required to renew the lease.