Is equipment finance considered debt?

Yes, equipment finance is considered a form of debt. When a business obtains equipment finance, they borrow money from a lender to acquire the necessary equipment. The business then repays the lender over time, typically with interest, until the full amount is paid off. As such, equipment finance is a liability on the business’s balance sheet until the debt is fully settled. 

However, it’s worth noting that equipment financing can be a valuable tool for businesses to acquire essential assets without bearing the full upfront cost, and when used correctly, it can aid rather than hinder the business’ financial standing and future.