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Bank of America offers equipment financing.


LOS LOS Length of stay, see there  ANGELES--(BUSINESS WIRE)--Dec. 16, 1996--Bank of America America [for Amerigo Vespucci], the lands of the Western Hemisphere—North America, Central (or Middle) America, and South America. The world map published in 1507 by Martin Waldseemüller is the first known cartographic use of the name.  is offering secured loan and lease products specially designed for California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W).  small-business owners who want to finance equipment purchases of $100,000 to $750,000.

The new equipment loans and leases carry terms of up to 60 months and may be used to purchase most types of new or recently purchased machinery or equipment. Loans are available at up to half an interest point lower than the bank's general small-business loans.

Business owners can choose leases which provide 100 percent financing and fixed rates or loans with fixed or variable rates.

Bank of America
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Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world.
 is one of the nation's leading banks for small business and provides a wide range of financial products and services to meet the needs of this growing, dynamic market segment. Earlier this year, the bank announced plans to lend $10.6 billion to small businesses in 10 western states over three years.

CONTACT: Bank of America, Los Angeles The Bank of America, Los Angeles was established in 1923 by Orra E. Monnette, emerging from a series of mergers between Los Angeles based banks between 1909 and 1923. It ultimately merged with the Bank of Italy (USA) to form the Bank of America.  

Shannon Jones, 213/228-7824
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 16, 1996
Words:165
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