Equipment loans are loans to buy business equipment that is secured by the equipment itself. Instead of putting up collateral such as your house or your business assets, you use the item you're purchasing as collateral.
Inventory financing is an asset-backed, revolving line of credit or short-term loan made to a company so it can purchase products for sale. Those products, or inventory, serve as collateral.
A permanent working capital loan is used to finance a company's everyday operations. These loans are not used to buy long-term assets or investments but are, instead, used to provide the working capital that covers a company's short-term operational needs.
