WHAT IS EQUIPMENT FINANCING?
When you need new equipment for your business, getting equipment financing is a smart fiscal move. You can use these loans to purchase nearly any type of business equipment, but how much you can borrow depends on the type of equipment you’re buying and whether the equipment is new or used.
Most businesses can qualify for equipment financing. How much you qualify for - and the interest rate you’ll pay - depends on the value of the equipment, your business history, and credit rating.