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Machine Tool Finance

Welcome to
Bank of Herrin
Machine Tool Finance

Machine Tool Finance Specialists are ready to find the best product suited to you. As an 86-year-old private bank, we offer the best product for the customer which is a simple-interest note. Our quick decisioning and industry-leading customer service with a live person makes us the best partner for you!

workers running machine

Why Choose Bank of Herrin?

Fast Customer Service

Same Day Decisioning

Streamlined Approval Process

Dedicated to Your Success

Tailored Financing Solutions

machinery

What We Finance

Industries We Service:

  • Aerospace
  • Defense
  • Automotive
  • Oil & Gas
  • Firearms
  • Medical
  • Appliance
  • General Machining
  • Tool & Die
  • Custom Injection Molding
  • And more!

Equipment Types:

  • Machining Center
  • Lathe
  • Turning Center
  • EDM Machine
  • Injection Molding Machine
  • Waterjet
  • Laser Cutting Machine
  • Press Brake
  • Shear
  • Grinder
  • And more!

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Types of Financing

We offer a true, simple-interest loan as compared to most of our competition that offers a lease or EFA (Equipment Finance Agreement). We like to say, “we offer a product that is good for the customer. The big banks offer a product that is good for the bank”. With our loan product, a direct BOH customer can pay off at any time with no penalty in most cases. Customers are also allowed to make additional principal payments at any time to save interest and pay off a loan ahead of schedule. Leases and EFAs are non-cancellable and therefore have fixed amortizations to lock in the profit to the bank. We treat our customers in such a way that they enjoy coming back in the future and do not have the attitude of maximizing profit on every piece of business.

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Meet Our Lending Team

John VanDaele

John VanDaele

Market Manager

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Drew VanDaele

Drew VanDaele

Machine Tool Finance

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Mistie Hunter

Mistie Hunter

Machine Tool Finance

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Hannah Smothers

Hannah Smothers

Machine Tool Finance

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Jason Henson

Jason Henson

President

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Ryan McDonald

Ryan McDonald

Chief Credit Officer

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Make A Loan Payment

MAKE A LOAN PAYMENT

Contact Us

Machine Tool Finance Department:
102 Comfort Drive
Marion, IL 62959
Get Directions

Phone: 618-942-4200

Fax: 618-997-2599