Kiah Treece is a former attorney, small business owner and personal finance coach with extensive experience in real estate and financing. Her focus is on demystifying debt to help consumers and ...

For many business owners, the reality is that they can't conduct their operations without the help of some equipment — whether it's surgical instruments and computers for your medical business, a ...

Business equipment loans typically use your purchase as collateral and might come with longer repayment terms and lower ...

When companies of any size acquire equipment, using credit and monthly payments is far and away the most popular option. Which typically means either financing or leasing the equipment. While the ...

Equipment loans can be used for large assets that could strain cash reserves If you fail to pay your equipment loan on time, the lender may seize the asset to recoup their loss Equipment loans often ...

Equipment loans may have specialized terms and loan amounts over traditional business loans Equipment leases can be a capital lease or an operating lease You may need at least two years in business ...