equipment finance, invoice finance
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/ Equipment Finance
Companies usually need to invest in equipment required for their business. Banks consider equipment as tangible assets and therefore will offer attractive interest rates for equipment financing. Just like mortgages, equipment finance loans are linked to the value of the particular assets being purchased.

/ Invoice Finance
Small businesses often have to deal with the late payment of invoices. Because of this, many banks offer invoice financing services to small companies. In exchange for a nominal fee, the bank can either pay the entire amount of the outstanding invoice, or a large part of it, allowing the company to operate as if the invoices were paid on schedule.

While almost any type of small business can benefit from invoice financing, not all companies qualify for this service.

 

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