Leasing
First South Bank created our Leasing Department
in 2001 to meet the growing demand for a community
bank to offer leasing services. Leasing has become
a popular financing option for businesses that
need to acquire machinery or equipment without
having to tie up cash or unnecessarily draw down
an existing credit line. Our Leasing Programs
are especially practical if your business uses
equipment that becomes outdated before it’s
paid off.
Our variety of terms usually makes it possible
to match the length of your lease to the useful
life of the equipment or technology. And, at the
end of your lease term, you may choose to purchase
your equipment or continue to lease at a discount.
Small Business Lease Benefits:
- Little or no down payment
- Lease options up to $500,000 available
- Lease Line of Credit up to $50,000
available
- 100% financing plus soft costs, such
as tax, shipping, maintenance, and installation
- Possible tax advantages
- Terms available from 24-60 months
with unlimited mileage options
- Protect against equipment obsolescence
- Fast, easy application process, quick
turnaround on credit decisions, and
simplified lease closing process
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Items available to Lease:
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- Computer Equipment & Software
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Click Here to View
Types
of Leases Available
First South Bank offers its lease products to
small businesses and middle market companies
in NC, SC, and VA.
For more information on Leasing Options,
click
here to send us your questions.
