Equipment financing refers to a loan taken to purchase business equipment. It could be a vehicle, desktop computer, or cloud storage. It’s essential to acquire, replace, or upgrade to the latest business equipment to enhance productivity in your business. It works well in cases where if you choose to buy any costly equipment on your own, you may affect the business cash flow. So, equipment financing might be what your business needs to ensure it performs as required. Learning how equipment financing works, the basics of it, and how to get it, goes a long way!