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Equipment Loan

Borrowing money from an institution to finance the purchase of equipment. The equipment is used as the loan collateral. See Equipment Leasing and Financing: Why you should never use a line of credit to purchase equipment.

More words in the glossary starting with E

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Term Loans are made by Itria Ventures LLC or Cross River Bank, Member FDIC. This is not a deposit product. California residents: Itria Ventures LLC is licensed by the Department of Financial Protection and Innovation. Loans are made or arranged pursuant to California Financing Law License # 60DBO-35839

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