Equipment financing
Equipment financing is a type of loan that businesses can use to purchase necessary equipment for their operations. It is a form of asset-based lending, allowing companies to acquire the tools they need without tying up capital or relying on other forms of debt. Equipment financing typically involves the lender purchasing the equipment and leasing it back to the business, but some lenders may provide a loan that allows the business to purchase the equipment outright. Either way, the value of the equipment serves as collateral, which reduces the risk for the lender.
For More Info:-https://www.equifyfinancial.com/