EagleBank Announces Launch of New Equipment Leasing Program
December 07 2015 - 5:00AM
EagleBank continues to expand its product offerings with the
addition of a Full Service Equipment Leasing program.
Equipment leasing (both operating and capital leases) is now
available for all types of business equipment, which will provide
our customers the convenience and flexibility of alternative
financing to traditional bank financing. Leasing is a finance
option that addresses the customer's need to manage cash flow and
credit lines, protects them from equipment obsolescence, and allows
for upgrades or additional equipment to meet their changing
needs.
Equipment leasing services will be offered through EagleBank
Leasing Services – an alliance between EagleBank and The ELEX
Group, Inc. (an independent leasing company with over 40 years of
experience in the industry).
"Offering a business equipment leasing program is the next step
to providing full service banking for our commercial customers.
With an equipment leasing product, EagleBank can now provide our
customers with another alternative for financing their capital
equipment, an important step in expanding their business. The
equipment leasing program enhances our current product offerings
and allows us to provide up to a 100% financing solution to satisfy
the varying requirements of our business customers," said Chairman
and CEO Ronald D. Paul.
"Many business customers prefer the ease and efficiencies of
leasing their needed equipment, and we are pleased to be able to
provide them with that option through our partnership with ELEX,"
stated Lindsey S. Rheaume, Executive Vice President & Chief
C&I Lending Officer.
About Eagle Bancorp, Inc. and EagleBank
Eagle Bancorp, Inc. is the holding company for EagleBank, which
commenced operations in 1998. EagleBank is headquartered in
Bethesda, Maryland, and conducts full service commercial banking
through 21 offices, located in Montgomery County, Maryland,
Washington, D.C. and Northern Virginia. EagleBank focuses on
building relationships with businesses, professionals and
individuals in its marketplace.
CONTACT: EagleBank Contact
Ronald D. Paul
301.986.1800
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