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Scottrade Equipment Financing Review

Anne Miller

Anne Miller

Senior Author

Anne Miller

Senior Author

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Scottrade Equipment Financing ReviewAre you a business owner looking to find a financial institution that can help finance or lease equipment? You might already know that there are dozens upon dozens of different equipment finance companies. With that being said, it’s important to take into consideration many different facets, including the rates and fees, application process, loan and lender information, and much more!

Today, we are going to share our review with you of Scottrade Equipment Finance of the Scottrade Financial Service family. Perhaps this company may be worth your consideration!

PROS

  • What makes Scottrade Equipment Finance such a great company is their fantastic services, high-quality reputation, and their turnaround times during the application process.

CONS

  • One of the biggest complaints or downsides that surrounds Scottrade Equipment Finance is that this branch is relatively new to the industry. With that being said, some business owners have complained about the customer service representatives with the equipment finance division for not being transparent or honest.

Loan and Lender Information

Scottrade Financial Services is a financial institution founded in 1980 offering a wealth of different banking services, including equipment finance, which was established in 2008, making it a fairly new subsidiary. Today, Scottrade is recognized as a highly-respected bank, ranking in the top 100 largest banks in the US.

In light of this, the youthful equipment financing division, Scottrade Equipment Finance offers two specific services for business owners:

As far as requirements for these loans, it’s currently inaccessible. In the past month, Scottrade Equipment Finance is in the process of merging with TD Bank.

Rates and Fees

When trying to access the rates and fees for Scottrade Equipment Finance, it was unavailable on their website. In fact, their website currently mentions that they are not accepting any equipment financing applications or leasing applications. With that being said, if you are interested in information on Scottrade Equipment Finance, you may need to contact the company or wait until their merge is complete with TD Bank.

Application Process

If you are interested in applying for any of Scottrade Financial Services, you will need to visit their website. For equipment financing, please visit www.scottradebank,com. Since the company is going through a merge, it may be difficult to find any information on applying for their services. You may need to check back in a few weeks once their merge is complete and updated. If the past holds true past the merge, the application process requires potential clients to either email or call the company phone number.

Verdict

Scottrade Financial Services is one of the largest institutions in the United States, demonstrating their reputation and also touting their excellence in customer service. With that being said, the company has recently been bought by TD Bank, making it difficult for potential customers to apply currently; however, this should not discourage those seeking assistance once Scottrade Bank is back up and running.

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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