Adding equipment is a critical component of the growth strategy for many businesses. But the cost often presents a significant challenge.
For nearly eight in 10 businesses, the solution is to finance at least some of the cost. In 2021, companies financed an estimated $1.16 trillion worth of equipment and software. The Equipment Leasing & Finance Foundation, which tracks the data, says the top three types of equipment that businesses finance or lease are transportation, IT and related technology…
