An equipment loan is, well, exactly what is sounds like — a loan specifically for equipment. In most cases, the word “equipment” here is referring to large purchases. These are things that are crucial for a business: a walk-in freezer for a restaurant, an x-ray machine for a dentist’s office, or a hydraulic lift for an auto mechanic. These are things that help you get work done, increase capabilities, or make work more efficient. If you’ve ever thought, “if only our business had one of these, then we could really grow,” then you might want to look into an equipment loan.