Buy equipment or vehicles for my business
Finance new or used equipment and vehicles for your business.
10%
SBA provides as low as 10% down payment
20–25%
Conventional financing is about 20-25% down
$100K+
SBA 504 for large equipment financing
What you can finance
Equipment & Vehicle financing allows you to finance new or used equipment/vehicles for your business, such as ovens for a restaurant, machinery, heavy-duty trucks, and company owned vehicles.
New or used equipmentOvens for a restaurantMachineryHeavy-duty trucksCompany owned vehicles
Financing options available
Conventional Term Loan
SBA 7a Term Loan
SBA 504Large equipment financing, over $100K
Lease FinancingVehicles
Lease FinancingEquipment
Helpful resources and links
Helpful attachments
Helpful resources
- SCORE – National Business Advising Services
- Small Business Development Center – Washington
- Small Business Development Center – Oregon
- Small Business Development Center – Idaho
- Difference Between a Capital Lease and an Operating Lease
Helpful links
Calculators
Loan Payment Calculator (use 10 year term)
FAQ
How much of a down payment do I need?
SBA provides as low as 10% down payment and conventional is about 20-25%. There are some places that can finance 100%.
BE CAREFUL when selecting these as you want to make sure that you have equity in every piece of equipment or vehicle you purchase or your business can become highly leveraged then when you need a Line of Credit or building, you can run into problems.