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Arvest Equipment Financing Review

Anne Miller

Anne Miller

Senior Author

Anne Miller

Senior Author

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Arvest Equipment Financing ReviewPart of running a successful business is making sure that your equipment is up-to-date and fully functioning. If your equipment is breaking down, not only can it damage your reputation, but also your costs and profits. This is why many business owners use equipment financing companies to lease and finance new equipment. This way, they can prevent overbudgeting and even secure potential tax benefits.

Arvest is just one of the many financial companies that offer equipment financing services. Today, we are going to review this company and discover whether or not it’s worth your consideration.

PROS

Arvest is a high-quality and well know financial institution in Arkansas, promoting over 50 years experience helping communities and businesses.

CONS

Arvest Bank only provides services to Arkansas, Kansas, Montana, and Oklahoma.

Loan and Lender Information

Arvest Bank is financial institution that boasts a history over the course of almost 60 years in the industry. Today, Arvest is supporting over 250 locations, covering well over 120 different communities. For ranking purposes, Arvest’s total assets are value well over $16 billion, making it one of the largest banks in Arkansas.

Arvest Bank offers equipment financing and leasing services to help businesses in local communities purchase the equipment they need at affordable rates and fees. In specifics, Arvest offers support for:

  • Aircrafts
  • Business Equipment
  • Commercial Fleets
  • Medical Equipment
  • Municipal Leases
  • School financing

Given the digital age, small business owners can visit the Arvest website and apply directly through completing a credit application.

Rates and Fees

After looking through Arvest Bank’s website, there is not much detailed information regarding their rates and fees. With that being said, potential clients are advised to either email or call an Arvest Bank branch to inquire more information regarding fees and estimated rates. If you are seeking more specifics on each plan, please visit https://www.arvest.com/business/borrow/equipment-finance/about-business-equipment-finance where you will find access to individual PDFs.

Application Process

In order to apply for Arvest Bank services like equipment financing, you first need to begin with a credit application. This can be found at: https://www.arvest.com/business/borrow/equipment-finance/credit-app. Here you will find all of the information regard equipment financing and the actual form to fill-out. It is a 7-step process; however, it should not take too much time.

Verdict

Overall, if you are looking for a trustworthy financial institution that offers years of experience, great solutions, and excellent customer service, Arvest Bank is a considerable option for business equipment financing. Please keep in mind that, when applying for any financial service, be sure to do thorough research of the competition to ensure the best deal.

Anne Miller


Anne is a Senior Author for SBL. She began her career as an independent consultant for local businesses after graduating with a BA in Management. Since that time, she’s expanded to writing as well as consulting to spread helpful knowledge to small business owners across the country.

 

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