Equipment financing is a type of loan that provides businesses with the capital they need to purchase equipment or other large items. It can be used to finance anything from industrial machinery and vehicles to office furniture and computers. Equipment financing typically involves a lender providing funds for the purchase of the asset, which is then repaid over time with interest. This type of financing allows businesses to acquire equipment without having to pay for it upfront, allowing them to conserve their cash flow and focus on running their business.
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