Equipment Financing Services Procurement in the US
This report is intended to assist buyers of equipment financing services. Equipment financing is the process by which a vendor (or lender) loans money to a buyer (or borrower) for the purchase of equipment. This equipment, in turn, serves as collateral for the loan. Suppliers, namely banks and equipment manufacturers, offer loans for an assortment of equipment, including healthcare appliances, audiovisual devices, construction tools, and commercial vehicles and trucks. This report does not include equipment leasing services, nor does it include commercial lending services.