Equipment Lease Finance
Equipment lease finance for the use of machinery, vehicles or other equipment
Equipment lease finance is a finance solution obtained for the use of machinery, vehicles or other equipment on a lease basis. The loan involves borrowing money from a lender for the purposes of funding the use of equipment from an equipment lender.
It’s commonly used by construction companies for the finance of heavy equipment to allow for the completion of projects with the appropriate tools.
Equipment lease financing (ELF)
Equipment lease financing is a finance solution obtained for the use of machinery, vehicles or other equipment on a lease basis. The loan involves borrowing money from a lender for the purposes of funding the use of equipment from an equipment lender. It’s commonly used by construction companies for the finance of heavy equipment to allow for the completion of projects with the appropriate tools.Practical Application Example
“
I got equipment lease finance so that I could use an excavator to complete my housing project ”
