Customized Leasing Solutions
Republic Bank of Chicago understands the unique needs of leasing companies.
Our customized solutions will position your business for short and long-term success, as we build a partnership with you that takes banking beyond expectations.
Get the leasing solutions you want and expertise you need at Republic Bank.
Brian Griffin
SVP/Head of Leasing
630-822-7200
Questions?
Leasing at Republic Bank of Chicago
Exceptional service, timely communication, attention to detail, professionalism, and most importantly, bankers who understand and care about your business … all of which are hallmarks of what you can expect at Republic Bank of Chicago.
You can also expect leasing expertise that includes flexible terms, competitive rates, and a partnership that lasts exists well beyond the closing of your deal.
We have proudly served Chicagoland businesses and entrepreneurs for more than 60 years and remain a local, family-owned financial institution. With local leadership and local decision making on all deals, you can count on us to understand the market as well as your unique needs while providing you with the leasing solutions you want to keep your business running smoothly.
Size of Transactions
We typically fund transactions between $500,000 and $5 million. We can fund smaller transactions that are part of a larger line expected to be funded over a 1-year time horizon. Larger transactions are considered on a case-by-case basis.
Term
Typical terms range from 36 to 60 months, with a maximum term of 84 months if the asset class supports it.
Equipment
We offer flexibility in types of equipment leased. The primary assets that we finance are Information Technology equipment, materials handling equipment, and medical equipment. Other assets will be considered on a case-by-case basis.
Credit Quality
We typically finance companies with revenues in excess of $250 million, tangible net worth in excess of $100 million, and modest leverage. For rated entities, we typically finance companies rated BB and above, with others considered on a case-by-case basis.
Pricing
Each transaction has its own pricing as determined by many factors including what is listed above. Typical pricing ranges from 250 to 350 basis points over Like Term Swap Adjusted Treasury rates.
At Republic Bank, it’s important to us to provide you with the resources your business needs to have a successful future.
Take advantage of our commitment, clarity, and connections, and put your business on the path to a greater tomorrow.
At Republic Bank, our business bankers work hard to learn your story and become your advocate.
Get connected with us, and put Chicago’s hardworking bank to work for your business today.
