Equipment financing is a term loan towards the purchase of business equipment by using that equipment as collateral. Available even for start-ups!
Equipment financing is a term loan towards the purchase of business equipment by using that equipment as collateral. Available even for start-ups!
Equipment financing can be a fast and simple way to fund up to 100% of the value of equipment needed to run your business. Qualifying businesses can borrow funds to purchase necessary equipment, everything from trucks and bulldozers to computers, and the equipment itself serves as collateral for the loan. In the form of a Sale Leaseback Agreement, you may be able to borrow money against equipment you already own, and use that cash for expansion or other needs.
All loans are not created equal, Equipment Financing has become a great option for people to use.