Heavy equipment financing refers to obtaining a loan or lease to cover the cost of buying or leasing heavy machinery that you need for business purpose. The financing terms and conditions may vary based on the lender and the unique needs of the business, but they often include a fixed interest rate and regular payments over a certain period of time. One of the primary advantages of heavy equipment financing in Abbotsford is that it enables small businesses to purchase the equipment they need without depleting their working capital. This is especially important for small and medium-sized businesses that may not have large capital reserves.