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GLOSSARY

What is Equipment Financing?

DEFINITION

Equipment financing is a loan used to buy business equipment, with the equipment itself serving as collateral.

Because the asset secures the loan, approval is often easier and terms usually match the equipment's useful life.

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