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As agriculture is the basis of our sovereignty, HIG's approach is an attempt to support the agriculture and agro-food business in good times and bad times. Upon our arrival on the market and based on our knowledge of farming, the Company agrees to develop a rational agriculture and promote biodiversity. Determined to combine economic and ecological balance, it is not only to encourage operators to innovate their farming practices and produce more but also to help secure food against the risk factors associated with agriculture such as economic, bioclimatic and geographical. Haitian International Group offers its customers a complete range of products and services in the business of banking markets, brokerage, investment banking, structured finance, commercial banking, investment and local private bank, in agriculture. We offer these services on a daily basis:
Personal Banking
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Business Banking
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Savers Choice Accounts
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Investors Choice Accounts
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Simply "E" Electronic Banking Services
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Simply "E" Electronic Banking Services
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Other Services
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Other Services
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Loans
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Loans
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| *All loans are subject to credit approval | |
Agricultural Loans When you need financing for major equipment expenses, livestock or crop production, we offer two financing solutions with repayment schedules designed specifically to match your cash flow. |
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| Product Features | Haitian International Group Agriculture Line | Haitian International Group Agriculture Loan |
| Loan Size | $10,000 to $500,000 | $10,000 to $500,000 |
| Purpose | Short-term cash needs for the production of crops and livestock | Long-term investments in equipment or livestock |
| Collateral | Secured by specific assets or a blanket lien on all farm assets | Secured by specific assets or a blanket lien on all farm assets, purchase money lien, livestock or Conservation Reserve Program payments |
| Payment Terms | Interest-only payable monthly, quarterly, semi-annually or annually | Flexible principal and interest repayment structure: monthly, quarterly, semi-annually or annually |
| Maturity | Annual maturity | 12 - 84 months |
| Overdraft Protection | Yes | N/A |
Haitian International Agriculture Line
A $10,000 to $500,000 secured line of credit used for the production of crops and livestock.
Key Features:
- Revolving or non-revolving line of credit.
- Convenient access to your line of credit.
- Repayment schedule designed to match your cash flow with interest-only payments due monthly, quarterly, semi-annually, or annually.
- Overdraft protection option for your HIG Bank business checking account.
- Automatic-payment option.
Haitian International Group Agriculture Loan
A $10,000 to $500,000 secured, fixed or variable rate term loan used for the purchase of livestock, equipment, buildings or other farm-related production needs.
Key Features:
- Competitive interest rates.
- Repayment schedule designed to match your cash flow. Options range from monthly, quarterly, semi-annual to annual payments.
- Flexible collateral options
- Terms that range from 12 months to 84 months.
- Automatic-payment option.
For more information on agricultural loans and lines please, your Relationship Manager at your local branch. Our application process is easy and our terms are flexible.
HIG Bank Business Equipment Financing
Equipment Financing Made Easy
If your business needs immediate access to the best equipment money can buy - without constricting cash flow - then HIG Bank Business Equipment Financing is the right product for you.
- Business Equipment Financing offers your business a competitive edge by minimizing tax liability, conserving credit and capital, and protecting against equipment obsolescence.
- We offer a convenient way to acquire the equipment your business needs, without all the hassles. In many cases, our application is all you'll need to apply.
- Moreover, approvals can be as fast as four business hours.
What Equipment Can Be Financed?
What Are the Advantages of Financing through HIG Bank?
What Financing Options are Available?
We're able to finance equipment from $5,000 up to $500,000 and can help you with larger requests too. For equipment costing between $5,000 and $75,000, a completed application is all that we need to start the credit approval process.
What Equipment Can Be Financed?
Your business can acquire just about any type of equipment through HIG Bank Business Equipment Financing, including:
- Audio/Visual equipment
- Agricultural equipment
- Commercial Vehicles
- Computer equipment and software
- Construction equipment
- Forklifts and materials handling equipment
- Industrial equipment
- Laundry equipment
- Machine tool equipment
- Manufacturing equipment
- Medical equipment
- Office furniture and equipment (copiers, fax machines, etc.)
- Photo processing equipment
- Point-of-sale systems
- Printing presses and related equipment
- Restaurant equipment
- Telephone systems
- Tractors and trailers
What Are the Advantages of Financing Through HIG?
HIG Bank Business Equipment Financing offers your business these great benefits:
- Less impact on cash flow You can structure payments to parallel your cash flows. Our flexible payment structures can be great for seasonal or cyclical businesses that prefer to schedule payments during peak cash flow periods.
- Reduced paperwork and approval time - Most credit decisions can be made within four business hours. Transactions up to $75,000 require completion of a simple, one-page application.
- Conservation of capital and credit - Your lines of credit and sources of capital aren't tied up in equipment. Instead, they're available for opportunities such as inventory, marketing, or personnel.
- Immediate use of equipment - After signing your documents, you can contact the vendor to schedule delivery of your new equipment. It's that easy.
- Project basis use of equipment - By selecting a payment term that closely matches the project's duration, Business Equipment Financing is a good way to acquire the latest equipment without having to keep it when that project is complete. Our end-of-term options give you the flexibility to return the equipment, upgrade or keep the equipment for your next project. This way, you'll always be able to maintain a competitive edge by using the most advanced equipment to serve your clients.
- 100% financing, including soft costs - In addition to financing 100% of the equipment, you can include "soft" costs (up to 10% of the equipment cost) such as sales tax, shipping, software, training, maintenance and installation into one monthly payment.
- Protection against obsolescence - High tech equipment is often obsolete in two-to-four years. You can add upgrades and new equipment by modifying your agreement to keep your company on the leading edge. Plus, if you want to acquire complementary equipment (e.g., adding voice mail to a phone system), you can arrange for both payment schedules to end at the same time.
- Tax benefits - Several of our financing options allow you to deduct your monthly payments as an operating expense. • Reduced interest rate risk - By locking in fixed payments now, you can avoid the risk of inflation in the future.
What Financing Options Are Available?
| Features | $1 Buyout Option | 10% Purchase Option | Fair Market Value Option | 10% Purchase Upon Termination Option |
| End of term options | Purchase for $1 | Purchase at a percent of original price, renew lease,1 or return equipment | Purchase at Fair Market Value, renew lease,1 or return equipment | Purchase at 10% of original price, upgrade or renew equipment |
| Can be structured to fit cash flow | Yes | Yes | Yes | Yes |
| Equipment obsolescence protection | No | Yes | Yes | Yes |
| Inclusion of "soft costs" | Yes | Yes | Yes | Yes |
| Relative Cost of payments | Low | Lower | Lowest | Lower |
| Tax advantages of ownership available | Yes | TBD by Equipment Type | No | Yes |
| Allows upgrading/trade-ups | Yes | Yes | Yes | Yes |
| Down payment required | No | No | No | |
| Capitalized on balance sheet, generally | Yes | TBD by Equipment Type | No | Yes |
| Available terms1 | 12 to 60 months | 12 to 60 months |
12 to 60 months | 12 to 60 months |