Bank of America Equipment Finance

Bank of America Equipment Finance is the commercial equipment leasing and financing division of Bank of America, N.A., one of the four largest banks in the United States. The division provides equipment loans and leases to businesses of varying sizes across many industries.

Equipment financing allows businesses to acquire the machinery, vehicles, technology and other physical assets they need to run and grow their operations without paying the full cost upfront. By spreading the cost through regular loan or lease payments, businesses preserve working capital and can match equipment costs to the revenue those assets generate.

Bank of America Equipment Finance offers both equipment loans and leases. An equipment loan results in the business owning the equipment at the end of the loan term. An equipment lease allows the business to use the equipment during the agreed term with options at the end that may include purchasing the equipment, returning it or refinancing.

Bank of America serves businesses across all sectors and its equipment finance operation handles deals ranging from smaller small business transactions to large commercial equipment financings.

As part of one of the country's largest banking institutions, Bank of America Equipment Finance can offer equipment financing alongside a full suite of business banking services. This may be particularly convenient for businesses that already bank with Bank of America.

Bank of America operates across all 50 states. If you are considering Bank of America Equipment Finance, compare the terms offered against independent equipment finance companies, other major bank divisions and vendor financing provided at the point of purchase.