Equipment Loans

Get the equipment you need to do great work.

Do Great Work

Equipment loans are for the heavy duty machines that make your job easier–like lawn mowers, snow blowers, plows, equipment trailers, and tractors. Meridia offers equipment loans to help you grow your business and expand your horizons.

Having the right equipment helps you do great work and do it faster, so you can spend more time enjoying the fruits of your labors.


  • Finance the piece of equipment for your growing business rather than using cash or working capital.
  • The equipment serves as collateral.
  • Finance 100% of the value at a fixed rate term.

A member of Meridia who owns a landscaping business wanted to grow his business. A Meridia Equipment Loan helped him buy better tools, enabling him to continue doing quality work but in less time, thereby increasing the amount of work he could do and money he could make.

Additional Information

How do I Get an Equipment Loan?

  1. Complete a loan application online* or in person at one of our branches 
  2. Verify your income using:
    • two recent pay stubs
    • two years of tax returns if self-employed
    • or, your pension or social security benefit statement if retired
  1. Provide us a copy of your signed purchase agreement from the dealer or private seller
  2. Once approved, we will need an insurance binder listing Meridia as the lienholder for loans $15,000 and above, with a maximum deductible of $1,000 

Repayment Options

  • Automatic transfer
  • Payroll Deduction
  • Coupon Book (Cash/Check)

How Loan Rates are Determined

Rates are determined by your credit score and the term of the loan.

Insurance Options

Credit Life & Credit Disability Insurance is available.


We love to help! Call (716) 648-4411 to talk with one of our financial service representatives.


Up to 60 monthsAs low as 4.59%
61-75 monthsAs low as 6.09%

Max LTV is 100% for equipment loans. APR = Annual Percentage Rate. The loan rate will be determined by your credit score.

Updated March 23, 2019



Loan Late Charge
Returned Loan Payment Check$29 each

Frequently Asked Questions

Can I take a loan out for equipment for my business?

If an equipment purchase is intended to be used for your business, there is a maximum aggregate loan amount of $50,000.

Do you allow Business Accounts?

We only open accounts for DBAs.

I am self-employed. What type of income verification do I need to provide?

If you are self-employed, we require two years of tax returns as income verification. Otherwise, two current pay stubs are sufficient if you are employed, or pension or social security benefit statements if you are retired.

When can I schedule an appointment to close my loan?

In addition to our Lobby Hours between 9am and 4pm Monday through Friday, we have Saturday loan closing appointments available to be scheduled between 9am and 12pm at our Southwestern Branch. Appointments can also be set between 7am and 7pm Monday through Friday at our Southwestern Branch as well.

Is there a prepayment penalty?

No! If you pay the loan off early, not only is there no penalty, you save on the overall interest cost.

How long does the application process take?

Once we have all required documents, we can usually close your loan within 24 hours of approval.

How much can I finance?

You can finance up to 100% loan to value for Equipment loans.

Time for a
New Way
to Work…

…or a new snow plow, or equipment trailer.
Whatever equipment you need,
we can help.