BancorpSouth Equipment Financing Review
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Equipment is one of the key indictors and ingredients for a successful and prosperous business. So, if your equipment is raggedy, worn, or broken, chances are, your profits are suffering because of it. This is why it’s imperative to invest in proper equipment and equipment upkeep.
Today, many business owners may think that purchasing equipment is too expensive. However, just like many other large purchases, there are financing and leasing options known as equipment financing. BancorpSouth is just one major company that offers equipment financing and leasing options. Today, we are going to review their program and whether it may be beneficial for you.
BancorpSouth Equipment Finance is part of a larger banking institution, BancorpSouth, which has over 100 years experience and known for their excellence in customer service.
In our opinion, BancorpSouth Equipment Finance’s website lacks some of the information we like to see in equipment financing companies. For example, they do not offer any value or resources on their website. To top this off, the company does not share any estimates on rates or fees with potential customers.
Loan and Lender Information
BancorpSouth Equipment Finance is a financing institution offering equipment financing and leasing services to help businesses, like yourself. The company it’s a branch of the larger parent company, BancorpSouth, which is one of the oldest banks in the United States today, boasting over 130 years of experience. As a collective company, BancorpSouth is worth over $13 billion in assets, making it a prominent bank and company for it’s class and size.
As far as their equipment financing programs are concerned, BancorpSouth offers their programs specifically to industries like:
Depending upon the type of equipment financing plan, commercial or municipal, will influence the type of leasing and financing programs available.
Rates and Fees
As far as the rates and fees are concerned, BancorpSouth does not provide any information or estimates for potential clients. If you are interested in specific services or programs from this financial institution, you may visit their website, www.bxsef.com and contact their customer service representatives for more information.
BancorpSouth Equipment Finance touts their impressive turnaround time during the application process. According to their website, they try their best to review applications between one-to-three days. If you are interested in partnering with BancorpSouth, you must visit their website: http://www.bxsef.com/contact-us, and contact the company to begin the application process. The process will begin with a standard credit application and, once approved, you will receive the funds to finance your equipment quickly.
When picking out an equipment financing company to help with all equipment needs, it’s important to choose a company that has a reputation, customer-service friendly, and offers the best rates and fees. With that being said, BancorpSouth Equipment Finance offers all of this, and more. While their website is lacking some resources and information that potential clients may be looking for, it is still worth any commercial business’ consideration.
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.