Ready to see how
much you qualify for?
Let's get started
Did you know the Small Business Administration (SBA) approved over 70,000 7(a) loans worth more than $31 billion in 2024? This shows how important financing is for small businesses. Choosing the right loan for equipment purchases is key to your financial planning and business success.
Did you know the Small Business Administration (SBA) approved over 70,000 7(a) loans worth more than $31 billion in 2024? This shows how important financing is for small businesses. Choosing the right loan for equipment purchases is key to your financial planning and business success.
It's vital to know the different small business loan options for equipment purchases. Whether you're a new startup or an established business, the right financing can help you grow. It can take your business to new levels.
Getting the right financing is key for small businesses to grow and stay strong. They can get loans for buying equipment or other business needs. Knowing about these options helps businesses make smart choices and reach their financial goals.
Small businesses have many loan options to fit their needs.
In 2022, 79% of small business owners who applied for financing got some of the money they needed. This shows the variety of loan options available.
Equipment purchase loans are vital for businesses needing to upgrade or buy new equipment. They help businesses get the equipment they need without a huge upfront cost. This keeps cash flow for other business costs.
Getting this type of financing is key for staying competitive or meeting growing demand. Making timely payments on these loans can also improve a business's credit score. This opens up better financing options in the future.
SBA-backed loans are very helpful. For example, the average SBA microloan is about $13,000, and SBA 504 loans can be up to $5.5 million. These loans offer flexible repayment terms, which is great for small to medium-sized businesses.
For more info on business loans, equipment loans, and other financing options, visit the SBA's funding programs page.
In today's business world, equipment financing is key for growth and innovation. It helps businesses avoid using all their money at once. Knowing the benefits and how to choose the right option is vital.
Equipment financing offers many advantages:
Choosing the right financing means looking at your business's finances and goals:
The choice between loans and leasing depends on your business's needs and goals. Understanding the benefits of equipment financing and these points helps make the best choice for your business's growth and success.
At National Legacy Capital Group, we focus on helping small and medium-sized businesses. We offer flexible financing solutions to meet their unique needs. Our goal is to help businesses grow and work more efficiently with our financial products.
We provide a range of financing options, including business lines of credit, equipment financing, and term loans. Whether you need to buy new equipment or boost your cash flow, we have the right solution for you:
We know how important speed is in business. That's why National Legacy Capital Group has a 91% approval rate. We can provide quick funding, often in just one day. This fast service lets your business take advantage of opportunities without waiting.
Our high approval rate and quick funding make us a reliable partner in business financing. We offer the support your business needs to succeed in a competitive market.
At National Legacy Capital Group, we know businesses need different financial solutions. We offer customized business lines of credit, equipment leasing, and working capital term loans. These options help businesses grow and stay stable.
Our business lines of credit help with short-term cash needs, up to a year. They have larger credit limits and lower interest rates than business credit cards. This makes them great for managing cash flow and covering expenses.
Business credit cards often have high interest rates and small credit limits. But, our business lines of credit offer more financial support. Businesses can use and repay funds as needed, giving them flexibility.
Our equipment leasing lets businesses get essential machinery without big upfront costs. Equipment loans have terms from five to 10 years, depending on the SBA guarantee. This helps businesses get the tools they need without breaking the bank.
Small business owners might use SBA loans for big equipment purchases. SBA 504 loans are for commercial real estate and big equipment. SBA 7(a) and SBA Express loans also support equipment financing, up to $5 million and $500,000 respectively. For more information, check out this guide.
Working capital term loans are key for businesses looking to grow or invest. They provide the funds needed for daily operations, managing cash flow, and supporting growth.
SBA microloans, up to $50,000, are for working capital, equipment, and supplies. Our term loans are designed to fit your business's revenue patterns. This ensures affordable and manageable repayment terms.
In short, whether it's managing cash flow, getting tools, or investing in growth, National Legacy Capital Group has the solutions you need. We tailor our options to meet your business's financial goals.
Interest-only payments can be a big help for businesses. They help keep cash flow steady during important times. This means you only pay interest at first, easing the financial burden.
Good cash flow management is key to success. Bloomberg says eight out of ten businesses fail in two years because of money issues. With interest-only payments, you can match your cash flow with your costs, even when money is tight. This is great for businesses with unpredictable income, helping you manage your finances better.
Knowing about affordable loan payments is important for planning ahead. The SBA 7(a) loan program lets you make interest-only payments for five to seven years. This gives you a break in the early stages, letting you save money for growth or to keep things running when times are tough. But remember, your payments will go up after the interest-only period ends, so you need to plan carefully.
National Legacy Capital Group makes sure your monthly payments fit your needs. We work with our lenders to find the best terms for you. This way, you can get the assets you need without hurting your cash flow.
Now that you know about small business loan options for equipment, it's time to act. At National Legacy Capital Group, we offer great support every step of the way. Getting financial help doesn't have to be hard.
Applying for a small business loan with us is easy. Start by visiting our application page for clear instructions and what you need. Make sure you have your financial statements, business plans, and credit history ready. Our team will help you with SBA loans up to $5 million or SBA microloans up to $50,000.
Our customer support is top-notch, ready to answer any questions or solve problems quickly. We offer lots of resources, from loan details to help with the application process. We're known for our high approval rate and fast funding, often in just a few days. For more help, contact our team to see how we can support your business.
Ready to move forward? Contact National Legacy Capital Group. You can reach us by phone, email, or our online form. We're here to help you with everything you need for a smooth application. Let us find the right financial solution for your business. Getting the right financing can be a key step for your business to grow.
Small businesses can get loans for equipment, SBA 7(a) loans, and online term loans. Equipment loans help buy machinery. SBA 7(a) loans are backed by the Small Business Administration and have flexible terms. Online term loans offer quick funding for various needs.
Equipment loans help businesses buy necessary machinery without a big upfront cost. This keeps cash flow steady. It lets businesses grow and operate smoothly.
Financing equipment saves capital, offers tax benefits, and lets businesses use the latest technology. It keeps liquidity, helps with taxes, and keeps businesses competitive.
Look at interest rates, loan terms, and how fast equipment becomes outdated. Choose financing that fits your business's cash flow and growth plans.
National Legacy Capital Group offers business lines of credit, equipment financing, and small business term loans. These options help businesses grow and are flexible.
National Legacy Capital Group has a 91% approval rate and can fund businesses in one day. They are known for quick and reliable financing.
Customized business lines of credit give flexibility in managing cash flow. They provide funds as needed for daily expenses and seasonal changes.
National Legacy Capital Group offers financing and leasing for equipment. These options let businesses get the machinery they need without a huge upfront cost. They support growth and efficiency.
Term loans boost working capital, helping businesses grow and cover financial gaps. They provide a lump sum for various needs, like inventory and payroll.
Interest-only payment options on lines of credit reduce monthly payments. This helps businesses keep liquidity while getting the financing they need.
National Legacy Capital Group makes monthly payments for equipment financing affordable. This helps businesses manage cash flow and get essential assets. It supports ongoing operations.
To apply for a small business loan, visit the National Legacy Capital Group website. Follow the application process. The website has direct links and contact info for easy application and support.
National Legacy Capital Group offers a lot of customer support and resources. They provide financial guidance and help throughout the loan process. Their team is ready to answer questions and make the application smooth.
You can contact National Legacy Capital Group by visiting their website. There, you'll find contact info and links to start communication. Their team is ready to help with your financing needs and offer tailored solutions.
