Equipment financing structures provide business owners the opportunity to purchase equipment with competitive rates if they have good credit and financials. Typically, equipment financing is arranged as a lease where the equipment serves as collateral and the term is typically based on the on the of the expected life span of the equipment. Lease structures vary but the most common forms are lease purchases and operating leases with a fair market purchase option.
If you have good credit and strong financials, you can obtain competitive rates
A down payment may be required
Good fit for:
Businesses in need of equipment with competitive financing rates