Types of Financing
Banterra’s Machine Tool Division specializes in financing manufacturing and production equipment of all types. Our knowledge of your business allows us to engineer loan structures to meet your specific needs.
Unlike other machine tool financing competitors who promote leasing options for equipment, Banterra understands the importance of owning and investing in your own equipment. With Banterra, you will have the bank-financing products and industry specific know-how to help provide the best possible solution for financing your machine tools.
We provide specialized services that are designed to enhance the success and expansion of manufacturers like you, who rely on machine tools for production.
Simple-Interest Financing
- No prepayment penalties in most cases
- Additional principal payments allowed at any time
- Application-Only Programs
- Immediate Rate Lock
- No hidden fees
- Terms out to seven years
- Skip payment programs available
Fixed-Rate Loans
- Lock in a low rate for the life of the loan
- 100% financing available
- Simple-Interest Method
- No prepayment penalties in most cases
- Additional principal payments allowed at any time
Prime-Based Loans
- Below Equipment Finance Market Rate tied to the Prime Lending Rate
- 100% financing available
- Simple-Interest Method
- No prepayment penalties in most cases
- Additional principal payments allowed at any time
Equipment Refinances
- Combine existing manufacturing equipment loans and leases into a new Banterra Simple-Interest Loan
- Reduce your monthly payments
- Increase your cash flow