We’re Here To Help You Finance The Equipment You Need To Build Your Business

Whether it’s heavy machinery for a booming construction company or desks to expand an office we can help you finance the purchase using equipment loans and leases that can help you build your business. Contact one of our equipment lenders today and ask how.


The Run Down On Your Equipment Financing Options

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Equipment Loans

What is an equpiment loan?
With an equipment loan after you make the last payment you own the equipment and it must be shown as an asset and depreciated. Equipment loans are popular because you can immediately deduct the full cost of the equipment against your taxes (up to $500,000).

Consider If:

  • You want immediate large tax deductions
  • You want complete control over alterations to your equipment
  • You want to own the equipment for the life of the asset

The above is not professional tax advice, please see your tax advisor

Equipment Lease Icon

Equipment Leasing

What is an equipment lease?
With an equipment lease you make a set of leasing payments for a specific number of months and then have the option to buy the equipment or walk away. Equipment leasing is popular because the payments are lower than on loans and the payments are usually tax deductible.

Consider If:

  • You want ongoing tax deductions beyond this year
  • You want lower payment amounts per month than a loan
  • You want faster or easier funding without as much paperwork

The above is not professional tax advice, please see your tax advisor


3 Smart Ways You Can Use Equipment Financing

Upgrade Office Technology

New computers, printers, and software are often used to help improve employee productivity.

New Industrial Equipment

Purchase a new oven and cooking equipment for your blossoming business.

Revamp Work Vehicles

Upgrade the vehicles your business runs on to make your business operate more efficiently.


What You Should Expect When Financing Your Equipment With Us

Extraordinary Service You Will Love

Service You’ll Love

As a borrower with us you will be connected with an equipment lending expert who is responsible for walking you through the entire equipment financing process from start to finish.

No Surprise Fees Money

No Surprise Fees

Not all surprises are good, that’s why our equipment lenders make sure you fully understand your payment schedule before letting you sign the terms of your equipment loan.

Fast Decisions Stopwatch

Fast Decisions

When you’re looking to get an SBA loan, timing is everything. While we need to work with the SBA committee, we get you a decision on your SBA loan quickly.


Meet The Equipment Lenders Dedicated To Providing You With Extraordinary Service

Jacob Reiter

Jacob’s niche is working with business owners and entrepreneurs to finance expansions and commercial real estate transactions.

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Mike Schmid

Mike has over 30 years experience in lending and specializes in credit lines, equipment loans, commercial mortgages and SBA loans.

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Todd Erickson

Todd has an extremely broad background in business lending that has given him over 39 years of experience in banking.

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Bob Lewellyn

Bob has more than 13 years of experience providing financing solutions to people and businesses in the local area.

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Ben Moen

Ben graduated from St. Cloud State University with a degree in Finance and has over 3 years of experience in lending at GCB.

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You’re Only 3 Easy Steps From Getting Approved For Your Equipment Financing In As Quickly As 1 Day

Ready to Get Started?

STEP 1. Start with a no-pressure conversation

When you reach out to us you will be paired with a dedicated equipment financing expert and the first conversation is only focused on getting to know you and your borrowing needs. Nothing else.

STEP 2. Apply online, in-person, or by phone

We know running a business means your life is busy that’s why we offer 3 convenient ways to apply for equipment loans and leases. Regardless of how you apply, if you have questions at any point during the process our equipment lenders are happy to help.

STEP 3. We analyze your credit history and financial health and get you a quick decision

For you, the hard work is done. For us, we’re just getting started. We analyze several financial health measures of your business to build the best equipment financing option for your situation.


Schedule A Call Back When It's Convenient For You

Enter your info below to set up a time to talk with one of the equipment financing experts at Granite Community Bank or Granite Community Loan Center.

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Ordinary People. Extraordinary Service.