Equipment Financing or SBA Loan Which is Better?

Equipment Financing or SBA Loan: Which is Better?

Hi Beau,

At the beginning of the year my partner and I purchased a printing business. This business is well established and has been operating for over 8 years. We purchased the business with SBA 7(a) financing. We would like to purchase a newer digital printing machine which will greatly increase our output and drive revenue.
We have strong credit and the business has done well and is ramping up.
Any thoughts on the best way to finance? SBA or Equipment financing? The cost of the equipment is $265,000 including installation.
Thanks,
Rick
Timestamps
[00:14] Go to investorfinancingpodcast.com/ask to ask other questions
[01:04] What is the best way to finance and why?
[01:19] The cons of SBA financing
[01:37] SBA takes a little longer than equipment financing
[01:41] The obstacles with equipment financing
[01:50] Equipment financing looks at time and business
[02:26] SBA would be lower but might take a lot of paperwork
[02:41] Book a call at http://bookwithbeau.com/

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#SBA #SBAloan #equipmentfinancing

_________________________________________________________________________________________________ About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.
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