Equipment Financing

Equipment financing is a form of lending to assist in the purchase of new equipment. This is a particularly common short-term business loan for companies in the construction and manufacturing industries.

Not to be confused with equipment leasing, which only allows borrowers to rent equipment, equipment financing is collateralized and allows you to purchase equipment. Types of equipment bought through this form of financing don’t only include large machinery but can also include computers, furniture, and even company vehicles.