Cap Ex Line to Loan

Looking to purchase new or used equipment in the next year? Enjoy the flexibility of making equipment purchases with a 12-month variable rate line of credit that converts to fixed rate term loan. Loan amounts of $25,000 to $100,000 with fixed rate terms of three or five years.

account details

  • Loan amounts of $25,000 to $100,000
  • Variable rate, non-revolving line of credit with a year term followed by a 3 or 5 year fixed rate term loan, determined on loan amount. For rate information, contact an associate at your local store or call the Local Lending Line at 866-790-2121.
  • Make equipment purchases with the line of credit
  • Convert the line of credit balance to a term loan anytime within the 12 month Line of Credit period
  • Monthly interest-only payments during the line of credit period, followed by fixed principal and interest payments amortized over the predetermined term loan period
  • Secured by a UCC Filing on business assets. No titled vehicle purchases allowed.
  • Loan origination fee of 0.50% based on the Line of Credit limit
  • Umpqua Bank business checking account recommended. Advertised rates assume 0.50% rate reduction for participation in automatic loan payments from an Umpqua Bank business checking account.
  • Refinancing of existing assets is unavailable
Questions? Call us at 1-866-4UMPQUA.

Disclosures

Credit approval

All loans are subject to credit approval.

open account

Call us at 1-866-4UMPQUA

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