At some point, most small businesses have to spring for new equipment, whether it’s computers and copiers for an office, ovens for a restaurant or trucks for distributing a product. But it can be hard to afford such purchases outright — and even if it’s possible, it may not be wise to drain your cash reserves.

Equipment financing is one way businesses of all sizes get the equipment they need. Of U.S. businesses, 72% use some form of financing to obtain equipment, according to the Equipment Leasing and Finance Association. Professor Jim Schallheim  provided some great expertise in this really interesting read from NerdWallet.