Global Construction Equipment Finance Market to Grow at a CAGR of 9.9% During 2016-2020
Equipment financing refers to the credit, including leasing, government loans, and other small business administration loans, that are disbursed to different businesses (like the automotive and construction industries). It also includes sale and leaseback, which help market players raise cash for equipment purchases by selling off collateralized existing equipment. While availing credit, customers can either opt for equipment loans or lease, as these two have different interest rates. The maturity term of a loan depends on the equipment's life, but...
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