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Wells Fargo. Types of SBA loans. ... capital, payroll, expansion, equipment. 504 loans. ... for the SBA to process its portion of the application, an SBA Express loan provides a faster turnaround ...
Several lenders offer equipment loans, including banks, online lenders and equipment manufacturers. ... 13+ loan or lease options. Express approvals for loans under $250,000. Wells Fargo. From ...
Loan type. Typical amount. Purpose. How it works. Term loan. $1,000 to $1 million. Highly versatile; can be used for equipment, real estate, working capital and more
Loan amounts. Interest rates. Loan terms. Maximum SBA guarantee. SBA Express loan. $500,000. 11.50% to 16.50%. Up to 10 years for term loans or lines of credit; 25 years for property purchases or ...
Loan amount: The loan amount varies by lender, but expect it to cover between 80 and 125 percent of the equipment’s cost. Down payment: An equipment loan may require a down payment between 10 ...
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