Truist Equipment Finance

Truist Equipment Finance is the commercial equipment leasing and financing division of Truist Bank, one of the largest banks in the United States. Truist was formed through the 2019 merger of SunTrust Banks and BB&T Corporation and is headquartered in Charlotte, North Carolina.

Equipment financing allows businesses to acquire machinery, vehicles, technology and specialized tools without paying the full purchase price upfront. By spreading the cost over time through a loan or lease, businesses can preserve working capital and match the cost of the equipment to the revenue it helps generate.

Truist Equipment Finance offers equipment loans and equipment leases to businesses of various sizes, from small businesses to larger commercial enterprises. As a bank division, it can offer equipment financing alongside other Truist banking services including business checking, lines of credit and commercial real estate loans, which may be convenient for businesses that bank with Truist.

Equipment loans result in the business owning the equipment at the end of the loan term. Leases allow the business to use the equipment for an agreed period, with options at the end to purchase, return or renew. The right choice depends on the type of equipment, how long the business expects to use it and the preferred tax treatment.

Truist Equipment Finance primarily serves businesses in Truist Bank's footprint, which covers many states in the South, Mid-Atlantic and beyond. Truist is among the most established bank-based equipment finance operations in its regions.

If you are considering equipment financing from Truist, compare its terms against independent equipment finance companies, other regional banks and credit unions to ensure you are accessing the most competitive available option.