Independence Day Observance
All Merchants Bank locations will be CLOSED on Saturday, July 4, 2026 in observance of Independence Day. We will be OPEN Friday and Monday to serve you.
Equipment Finance
A Business Partner for Growth and Profitability
At Merchants Bank Equipment Finance, we’re here to be your business partner, providing helpful commercial equipment finance solutions. We’ll work to understand your goals and become an ongoing part of the growth and profitability of your business.
Based in Minnesota, Merchants Bank Equipment Finance provides commercial equipment finance options to businesses located throughout the U.S. We generally finance tangible assets over terms of two to seven years, on commercial equipment with values ranging from $50,000 to over $10 million.
Common industries we serve:
- Construction
- Food and Agricultural Production
- Specialty & Vocational Vehicles
- Manufacturing
- Municipal
- Material Handling
- Office Equipment
- Healthcare & Dental
- Laundry & Dry Cleaning
Equipment Finance Benefits
Depending on your situation, you may benefit from:
- Up to 100% financing
- Options include the ability to pay for the use of the equipment instead of the ownership of the equipment
- Improved cash flow forecasting and budgeting
- Opportunity to standardize equipment replacement cycles
- Reduced maintenance costs through regular equipment replacement cycle
- Convenient and flexible payment cycle structure
- Potential tax advantages
We’ll bring industry knowledge to the table, so you can make an informed decision about the best long-term financing solution for you. If it’s a better fit for your business strategy, we can leverage the strength and stability of our Bank to offer other traditional financing options.
Subject to credit approval. Consult your tax advisor to determine any tax benefits of lease financing or visit www.irs.gov.
Who can I contact if I am interested in moving forward with a loan or lease through Merchants Bank Equipment Finance?
Fill out our contact form and we’ll follow up with you shortly.
How and when will I receive my invoice?
Merchants Bank Equipment Finance will email invoices to all customers 17-21 days prior to the due date.
How can I find the principal and interest balance for my loan(s)?
Please refer to the interest paid statement you received in January. If you have questions, call us at (866) 539-3698 or email mbefcustomerservice@merchantsbank.com.
Which payment methods do you accept?
You can make payments via check, ACH or wire transfer. If you have questions, call us at (866) 539-3698 or email mbefcustomerservice@merchantsbank.com.
What is personal property tax (PPT) and why am I being charged the tax amount?
PPT is a form of taxation on what is termed personal property, which is defined as any moveable property not permanently attached to a building. Requirements vary from state to state and are taxed annually in arrears. Merchants Bank Equipment Finance will pay the PPT prior to invoicing the customer. If you have questions, call us at (866) 539-3698 or email mbefppt@merchantsbank.com.