EagleBank announced that it will add a full service equipment leasing program to its suite of product offerings.

“Offering a business equipment leasing program is the next step to providing full service banking for our commercial customers,” said Ronald D. Paul, EagleBank chairman and CEO. “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.”

Equipment leasing services will be offered through EagleBank Leasing Services, an alliance between EagleBank and The ELEX Group, an independent leasing company with over 40 years of experience in the industry.

“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,” said Lindsey S. Rheaume, executive vice president and chief C&I lending officer for EagleBank.