Equipment financing allows businesses to acquire necessary machinery, tools, or technology without the burden of a large upfront cost. There are several types of equipment financing, including equipment loans, leases, and SBA loans. 

Equipment loans provide funds to purchase equipment, which the business repays over time. Leases allow businesses to use equipment for a set period, often with the option to purchase at the end. 

These financing options help businesses maintain cash flow, upgrade to the latest technology, and improve operational efficiency, ultimately supporting growth and competitiveness