Free up Cash Flow with a Government-Guaranteed Business Equipment Loan
While equipment is essential to a business, it’s also one of the most significant expenses. If manufacturing equipment breaks down or a new piece of mining machinery is needed, the only option is to finance. However, conventional lenders may only offer short-term loans with monthly payments that consume most of the business budget.
A government-guaranteed equipment financing loan from Ready Capital may be the solution. We offer multiple types of small business loans, and we can even mix and match to create a customized financing solution for any business goal.
Though interest rates and loan amounts vary by loan type, Ready Capital offers:
- Amortized loans without balloon payments
- Longer terms compared to conventional loans
- Competitive interest rates
Small Business Equipment Loans
The Small Business Administration (SBA) guarantees 7(a) loans for small businesses.
- SBA 7(a) loans can finance any equipment critical to a company’s operations as long as eligibility requirements are met.
USDA Equipment Financing Loans
The USDA offers several loan programs designed to stimulate rural development and support job creation.
- USDA B&I loans provide funding for rural projects, including equipment purchases.
- USDA REAP loans provide funds to buy or lease renewable energy systems and upgraded energy-efficient equipment.
How to Qualify for a Commercial Equipment Loan
Searching for equipment financing options? Then it’s time to find out if a small business loan is the right solution. Speak with a Ready Capital expert today about government-guaranteed funding.
Favorable Financing for Capital-Intensive Industries
Ready Capital understands that businesses in capital-intensive industries can’t afford a huge monthly payment for their new machinery. Our team finds creative solutions for funding challenges to ensure an equipment acquisition doesn’t limit business growth.
With decades of combined experience closing government loans, Ready Capital helps make sense of loan options while expediting the loan process. That means business owners can make the most informed decision and get new equipment faster than if partnering with a less experienced lender.
From industrial facilities and food manufacturers to medical offices and assisted living facilities, our team can help any business obtain the equipment financing loan they need to expand their operations.
