Equipment loans are often referred to as "conduit" loans, because they allow companies to obtain capital that is then used to buy a piece of equipment. These types of loans are often arranged through leasing companies or banks, who then use their own assets as collateral for the loan in case it is not repaid by the borrower on time or in full.
There are several benefits associated with using an equipment loan as a source of financing. One advantage is that it allows businesses to avoid having their assets tied up in inventory while they wait for customers who may never come. In addition, this type of funding enables companies that might not qualify for traditional bank financing to get access to money they need quickly and easily.
Why Should You Choose Us?
We're here to make the home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our simple Hard Money Rate Quote.