Security Agreement

Equipment Finance Agreement (EFA). We provide the funding using a simple security agreement. Your company owns the equipment, and is able to take the depreciation over time.

Master Security Agreement (MSA). This arrangement is ideal for companies who purchase equipment frequently. The purpose of the master security agreement is to standardize the contract process to ensure funding takes place quickly and efficiently.

Lease Financing

• TRAC Lease- lease financing for titled equipment only with a fixed residual. Typically, TRAC leases offer lower monthly payments than a standard loan and allow for 100% of the equipment cost to be financed.
• Tax Lease-designed for non-titled equipment with a fair market value purchase option at the conclusion of the term and allows for 100% of the equipment cost to be financed.
• Capital Lease-a lease contract that gives a company the use of an asset, while also transferring most of the ownership risks and benefits to the end-user. Capital leases are also known as finance leases. Up to 100% of the cost of equipment may be financed.
• Master Lease Agreement (MLA) - allows businesses who regularly engage in lease transactions that involve the same type of asset to avoid renegotiating each individual lease and its respective terms and conditions.

Municipal Leasing

Municipal Leasing is a quick and simple alternative for governmental entities to acquire the essential equipment they need while staying within budget without any significant upfront investment. Whether you need fire trucks, police cars, heavy equipment or IT hardware/software, you should consider a municipal lease.

• Extended Payments. Get what you need now and pay for it over an extended period of time, usually three to seven years.
• Tax-Free. Our investment in the municipal equipment is tax-free, allowing us to provide an outstanding rate to our clients.
• Dependable. We help you determine your financing needs and then negotiate terms and rates by generating the proper documentation for your endorsement.

Cadence Bank Equipment Finance offers a wide variety of financing alternatives for your new or used commercial equipment purchases, including:

• Transportation
• Aircraft
• Medical
• Construction
• Manufacturing
• Marine

From a long-standing tradition of financial strength to faster approval times, our experienced equipment finance specialists work first to understand business owners’ equipment finance needs and then help them obtain the equipment required, whether for commercial or municipal use, to build and power America and help create a positive impact in the communities in which we live and serve.

Learn more about equipment financing and leasing options.