There are many ways an owner can use a small business working capital loan to improve or expand their company. A little bit of working capital can go a long way, and in many cases, allow businesses to become far more profitable than they were before. It is possible to use your loan to:

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• Lease, purchase, or repair equipment

• Hire or train staff

• Invest in marketing

• Remodel or expand

• Purchase a second branch

• Refinance

These options are just the beginning. With the help of the SBA, you can use your loan to achieve all sorts of goals with your business.

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Equipment financing can keep you a great start in business and keep you competitive in your industry. If your business is just starting out, we have special options available to make your business plan a reality. With quick application approval and great interest rates, we can connect you with up to 84-month terms with little to no down payment requirement. Funding applications for amounts under $150,000 do not need to provide financial statements. In general, financing for $500,000 and more is available for high-level equipment needs.

Equipment leasing programs allow you to sell your equipment and then lease it back. This enables you to unlock your equipment equity for use in other business projects while still retaining the use of the machinery. Once all of the scheduled lease payments are made, you fully own the equipment again. There are many ways that this type of equipment financing makes sense.

• It increases working capital for your business

• You enjoy fixed monthly payments

• Your present lines of credit are not impacted

• It gives you advantages in the area of accounting and taxes