![A mechanic works on a car.](https://www.bankrate.com/2023/04/30114700/Loans_What_is_an_equipment_loan_and_how_does_it_work.jpg?auto=webp&fit=crop&width=230&height=150)
What is an equipment loan and how does it work?
An equipment loan helps businesses purchase equipment without paying the total amount upfront.
Kacie Goff is a personal finance and insurance writer with over five years of experience covering personal and commercial coverage options. She's also dedicated to besting her brother, a financial advisor, with insider insight into the personal finance industry and spends hours researching the latest rates and regulations.
Goff founded Jot Content, a full-service content agency, in 2018. Through Jot, she contributes web content, blogs, case studies, press releases and more to brands in the finance, insurance, health and wellness, continuing education, healthcare and marketing industries.
She lives in Ventura, CA, with her husband and dingo-lookalike dog, Babou. When she’s not writing, you can find Kacie practicing yoga, working in her garden or scoping out a new happy hour.
An equipment loan helps businesses purchase equipment without paying the total amount upfront.
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