Equipment financing provides capital to purchase or lease machinery, vehicles, computers, medical devices, restaurant equipment, and other tangible business assets. The equipment itself typically serves as collateral, which can make approval more straightforward than unsecured loans. Businesses across Marietta use this structure to modernize operations without draining reserves needed for payroll, inventory, or seasonal expenses.
A catering company near the Marietta Square recently needed two new commercial ovens and a walk-in cooler to fulfill a contract with a local event venue. Rather than delay the purchase or tap emergency cash, the owner worked with Driftwood Lending Group to arrange equipment financing. The repayment schedule aligned with the contract's monthly revenue, and the new appliances went into service within weeks.