What is Equipment Financing?
Equipment financing is a type of business loan designed specifically for purchasing machinery and equipment essential to running your business.
RELATED TERMS
- Asset Based Lending (ABL)
Asset Based Lending (ABL finance) is a credit facility based on primarily leveraging a company's assets as collateral. An Asset Based Lender is giving you an Asset Based Loan or ABL finance typically tied to inventory, accounts receivable, intellectual property…