⚙️SBA 7(a) Equipment & Machinery

Finance the Tools That Drive Your Revenue

From heavy machinery to restaurant equipment to fleet vehicles — SBA 7(a) equipment loans let you acquire the assets you need to grow without depleting working capital. Up to $5M, 10-year terms, and competitive rates.

Equipment Financing Benefits

Structured specifically for businesses investing in income-producing equipment and machinery.

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New & Used Equipment

Finance brand-new equipment or quality used assets. Used equipment must be appraised and in working condition.

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Soft Costs Included

Shipping, installation, training, and extended warranties can all be rolled into the loan amount.

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Fleet Financing

Finance an entire fleet of vehicles, forklifts, or delivery trucks in a single loan package.

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Preserve Working Capital

Spread the cost of major assets over 10 years instead of paying cash upfront — keeping money available for operations.

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Industry Agnostic

Manufacturing, construction, agriculture, healthcare, hospitality, transportation — any industry can use this program.

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Equipment as Collateral

The equipment itself serves as collateral, which can make it easier to qualify than other loan types.

New vs. Used Equipment

Both are eligible — here's how lenders evaluate them differently.

New Equipment

  • Invoice price used as collateral value
  • Full useful life supports longer terms
  • Manufacturer warranties strengthen the deal
  • Lower down payment risk for lenders
  • Often qualifies for longer amortization
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Used Equipment

  • Appraisal or documented FMV required
  • Term may be shorter based on remaining life
  • Can significantly reduce acquisition cost
  • Must be in good working condition
  • Inspection by lender may be required

Typical Loan Terms

Maximum Loan Amount$5,000,000
Maximum Term10 years (limited by equipment useful life)
Interest RatePrime + 2.75% (~9.25% as of 2025)
Down Payment10–20% (varies by lender and applicant)
New EquipmentInvoice price accepted as value
Used EquipmentAppraisal or documented FMV required
SBA Guarantee75% of loan amount
Soft CostsShipping, installation, training, warranties included
Personal GuaranteeRequired from all 20%+ owners
CollateralEquipment serves as primary collateral

Frequently Asked Questions

Common questions about SBA equipment and machinery financing.

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