Companies in equipment-reliant industries are becoming increasingly aware of Equipment financing as an opportunity. You’ll be happy to know that businesses in equipment-reliant industries can finance all kinds of equipment purchases except for residential real estate. All of the equipment listed above is fair game. Equipment financing is particularly attractive for small business owners because it allows them to purchase the equipment at affordable installments over several years, allowing them to save money in the short term.

Equipment financing companies make it possible to finance all kinds of equipment purchases – except for residential real estate. Equipment-reliant industries like construction can benefit greatly from equipment financing. The equipment needs to have resale value because the collateral will be sold off if you default on your contract payments. Furthermore, equipment financing companies don’t finance used equipment that doesn’t have a good resale value because they don’t want to get stuck owing more than the amount of the sale price if you fail to make your monthly payments.