If you run a construction business and you want to invest in a piece of heavy equipment, such as an excavator, you may need to take out a heavy equipment loan to help you finance the purchase of the equipment you need to keep your business running.
1. Heavy Equipment Financing Is Different Than Equipment Financing
A heavy equipment financing loan is different than an equipment financing loan. An equipment financing loan is designed to cover more ordinary business equipment needs, such as printers, file cabinets, and computers.
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