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There are three main options for financing business equipment: loans, leases and sale-leasebacks. Even the best equipment loan may require a down payment of 10 to 20 percent, but you own the ...
Type of business acquisition loan. Description. SBA 7(a) loan. A government-backed loan designed to help businesses that don’t qualify for conventional business loans, offering low interest ...
In the 2023 Small Business Credit Survey, 36 percent of small businesses applied for business loans, while 20 percent applied for an SBA loan or line of credit. 7. Microloan
Applying for a business acquisition loan When you’re ready to apply for a loan to buy a business, follow these steps to help make the process more seamless: 1.
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 type. Best for. Pros. Cons. Long-term loan. Large purchases and businesses with strong credit. Low interest rates. Manageable monthly repayment schedule
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