What is an equipment loan and how does it work?
An equipment loan helps businesses purchase equipment without paying the total amount upfront.
5 min read
Mar 13, 2025
Olivia Chen
Senior Writer, SMB Loans
EXPERTISE
- Small-business
- Small-business loans
- Finance
EDUCATION
- B.A. in anthropology, University of Notre Dame
- ABA certified in Business and Commercial Lending
Olivia comes to Bankrate with eight years of experience in small business — both in small-business lending and covering small-business loans. She has a strong background in translating complex financial information into clear and engaging narratives.
Olivia is certified in business and commercial lending through the American Banker’s Association. Her writing has appeared in The Associated Press and NASDAQ among other publications.
Olivia beyond Bankrate
Olivia's latest articles
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What are small business loans and how do they work?
A small business loan is money borrowed from a lender that must be repaid with interest.
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Alternatives to unsecured business loans
Secured business loans may be cheaper and more accessible than unsecured loans.
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How can you use a short-term business loan?
Learn how to use a short-term business loan for your small business funding needs.
3 min read Feb 27, 2025