Equipment financing is a form of business credit that companies use to acquire new machinery and equipment. Instead of using cash needed for other daily working expenses, businesses can finance the cost of the equipment over time with an equipment loan. There are several benefits to this type of financing, including the ability to preserve working capital, spread out the cost of the equipment over time, and take advantage of tax breaks. However, it is important to discuss with your licensed moneylender to come up with a payment plan suited to your business needs. With careful planning and consideration, equipment financing can be a great way to help your business grow.