SBA 7(a) Loans for Equipment Financing
From heavy machinery to furniture and fixtures, we have solutions to meet all your equipment financing needs.
If you are looking for an SBA 7(a) loan for equipment financing, turn to Gellyfish Commercial. We have the in-depth expertise and the drive to provide the superior service you and your business deserve.
What Are SBA 7(a) Loans?
What Equipment Can Be Purchased With an SBA 7(a) Loan?
- Computer systems
- Tools and utensils
- Kitchen appliances
- Cranes, forklifts, and lifts
- Advertising materials
- Phone systems
- Fleet vehicles
What Are the Differences Between SBA 7(a) Loans and SBA 504 Loans?
While SBA 7(a) loans are capped at $10 million, 504 loans can range from $125,000 to $20 million.
The interest rates on a 504 loan are fixed, while 7(a) loans have predominantly variable rates (although there are some fixed-rates options as well).
Finally, the down payment for a 504 loan is 10 percent. By contrast, with 7(a) loans the minimum down payment is 10 percent, but you may be required to pay more than that.
Certainty of Execution in SBA 7(a) Loans for Equipment Financing
We are located in Riverside, California. Contact us today at (877) 800-4493 or fill out the free online form to get started on the perfect equipment financing solution for your company.
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