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Machinery Loan

Home Machinery Loan

Machinery Loan

Equipment financing refers to a loan used to purchase business-related equipment, such as a restaurant oven, a vehicle or a copier scanner. Equipment loans provide for periodic payments that include interest and principal over a fixed term. ... Once the loan is paid in full, you own the equipment free of any lien.

use of a loan or lease to purchase or borrow hard assets for your business. This type of financing might be used to purchase or borrow any physical asset, such a restaurant oven or company car

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