Equipment Financing is a type of funding specifically designed to help businesses purchase or lease equipment needed for their operations. This financing option allows companies to acquire machinery, vehicles, technology, or other essential tools without paying the full purchase price upfront. Equipment financing can come in various forms, including loans or leases, and is often secured by the equipment itself, meaning it serves as collateral for the loan. Repayment terms can vary, and businesses typically make regular payments over time. This type of financing helps companies manage cash flow, acquire new technology, and maintain or upgrade their equipment while preserving capital for other operational needs.