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GLOSSARY

What is Down Payment?

DEFINITION

A down payment is the portion of a purchase price paid upfront in cash, with the remainder financed.

Equipment financing may require a down payment of 0–20% depending on the asset and borrower profile.

RELATED FUNDINGEquipment FinancingAfford the tools you need

Guides that explain it further

GROWTH & STRATEGY

How to Finance a Second Business Location

How to estimate costs, choose financing, and reduce risk when opening a second location for your restaurant, clinic, store, or service business.

· 3 min read