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
- Make equipment purchases with the line of credit
- Monthly interest-only payments during the line of credit period, followed by fixed principal and interest payments amortized over the predetermined term loan period
- Loan origination fee of 0.50% based on the Line of Credit limit
- Refinancing of existing assets is unavailable
- Ubium Bank business checking account recommended. Advertised rates assume 0.50% rate reduction for participation in automatic loan payments from an Ubium Bank business checking account.
- 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 1-310-697-6970.
- Convert the line of credit balance to a term loan anytime within the 12 month Line of Credit period
- Secured by a UCC Filing on business assets. No titled vehicle purchases allowed.
Questions? Call us at 310-697-6970 or find a Branch near you.
Credit approval: All loans are subject to credit approval.