{"id":108,"date":"2021-05-25T07:41:38","date_gmt":"2021-05-25T07:41:38","guid":{"rendered":"https:\/\/fremontfunding.com\/?page_id=108"},"modified":"2023-03-20T22:23:50","modified_gmt":"2023-03-21T02:23:50","slug":"equipment-financing","status":"publish","type":"page","link":"https:\/\/webadmin.fremontfunding.com\/financing\/equipment-financing","title":{"rendered":"Equipment Financing"},"content":{"rendered":"\r\n

Equipment Financing: How it works and why is it beneficial!<\/p>\r\n\r\n\r\n\r\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0If you\u2019re looking for equipment or business—even though you\u2019re still a novice to both of them, you are definitely in the right place! On this page, we are going to talk about equipment finances and how to get equipment. But in order to own that desired equipment that you are after—we must first understand what Equipment Financing means.\u00a0<\/p>\r\n\r\n\r\n\r\n

Equipment financing is a type of business loan that is used exclusively for the purpose of purchasing equipment. It’s the lender that is buying equipment, rendering the vendor or private seller that you bought the equipment from.\u00a0<\/p>\r\n\r\n\r\n\r\n

The charm of equipment financing is that the equipment that you are looking to get for your business, serves as collateral for the lender. The requirement is not hard compared to unsecured funding, so with equipment financing, you can have collateral—which is the equipment itself. The lenders are much more flexible and with it, it will be easier to clarify this type of financing into your business.\u00a0<\/p>\r\n\r\n\r\n\r\n

Three people are involved when it comes to equipment financing and the three of them are the: Lender, Seller, and of course–Borrower. (That’s you!)<\/p>\r\n\r\n\r\n\r\n

Is it beneficial for your business?\u00a0<\/p>\r\n\r\n\r\n\r\n

Yes, of course! If you think it is beneficial for you and your corporation, then go for it! What’s stopping you? It’s going to help your business thrive, due to its multiple kinds of benefits. One of those multiple benefits are the:<\/p>\r\n\r\n\r\n\r\n