MANAGEMENT

Detailed explanation-1: -Equipment financing refers to a loan used to purchase business-related equipment, such as a restaurant oven, vehicle or copy machine. When you take out an equipment loan, you’ll need to make periodic payments that include interest and principal over a fixed term.

Detailed explanation-2: -Definition: The Equipment Leasing Company is a non-banking finance company which is primarily engaged in the business of leasing of equipment or financing of such activity.

Detailed explanation-3: -2 equipment lease types: Operating and finance There are two primary types of equipment leases: operating leases and financial leases.

Detailed explanation-4: -The three main sources of equipment finance funding are captives, independent lenders and bank-affiliated lenders who offer a wide range of financial products and strategies, and are engaged in originations and primary and secondary market financing activities.