Author: Mehar Mozan

Currently, in this competitive environment, businesses cannot afford to wait weeks just to get approval to secure business equipment financing. Regardless of whether they choose to purchase other equipment, vehicles, or more sophisticated systems, time matters significantly in their profitability. However, with the evolution of digital transformation, facilitated by AI, data, and innovative platforms, businesses have been provided with an innovative way of securing loans pertaining to their equipment. These days, thanks to AI-powered instant credit checks, predictions, and models, money is distributed faster, smarter, and more accurately. 1. The Digital-First Financing Trend The old ways of securing finance used…