Is there a difference in financing standard business equipment like machinery, tools or vehicles and office equipment like copy machines or computers? When it comes to financing – there really is no difference!
Equipment lenders are only concerned about a few common criteria when financing equipment. These criteria are:
Therefore, it really doesn’t matter what type of equipment (office or business) or really how you will use it.
Equipment lenders earn their money by making loans backed by physical equipment and if you can demonstrate an ability and willingness to repay the loan per the agreement – then your business should be able to finance all the equipment (business or office) it needs.