Equipment financing is a loan that helps you purchase new business equipment right away by using that equipment as collateral.
|1||100% Finance with no down payment||Quick Access to Machinery||Equipment / technology could be obsolete by the time the loan is fully repaid|
|2||Obligation||Limited Paperwork||Need to depreciate equipment, so you can’t deduct full cost each year|
|3||Interest||Equipment serves as collateral|
|4||Hedge against inflation|
|5||Better Cash Flows|