chekered bg
Image

Equipment Loan

Image

Borrowing money from an institution to finance the purchase of equipment. The equipment is used as the loan collateral. See Equipment Leasing and Financing: Why you should never use a line of credit to purchase equipment.

More words in the glossary starting with E
Hurricane Ian ALERT:
We are supporting small businesses affected by Hurricane Ian. Visit our disaster relief hub or apply for financing.
close

Sign up for our newsletter

Join 200,000+ subscribers to receive the latest updates from Biz2Credit.

x
”Your browser does not support the images displayed on this website. Please try to access the site from the latest version of Google Chrome, Safari, Microsoft Edge or Mozilla Firefox”