The Small Business Administration (SBA) guarantees two loan programs for small businesses. You can use either program to finance an equipment lease or purchase as long as you meet eligibility requirements. A Madison One CUSO team member can help you determine if you may qualify for a small business loan.
The USDA offers several loan programs designed to stimulate rural development and support job creation.
- USDA B&I loans provide funding for rural projects, including equipment purchases.
- USDA Food Supply Chain loans allow food supply companies to finance machinery acquisitions, including IT systems.
- USDA REAP loans provide funds to buy or lease renewable energy systems and upgraded energy-efficient equipment.
- USDA 9003 loans enable biorefineries and biobased product manufacturing facilities to acquire new and emerging technologies.
If you have searched for other equipment financing options and faced rejection after rejection, it’s time to see if a USDA or SBA loan is right for you. Speak with a Madison One CUSO expert today to see if you qualify for government-guaranteed funding.
At Madison One CUSO, we understand that businesses in capital-intensive industries can’t afford a huge monthly payment for their new machinery. Our team finds creative solutions to your funding challenges to ensure an equipment acquisition doesn’t limit your growth. We work closely with our credit union members to offer the most competitive interest rates over the longest loan term available, so you still have plenty of funding to invest in your business.
As a top USDA lender with decades of combined experience closing government loans, Madison One CUSO helps you make sense of your loan options while expediting the loan process. That means you can make the most informed decision and get your new equipment faster than if you partnered with a less experienced lender.
From industrial facilities and food manufacturers to medical offices and assisted living facilities, our team can help any business obtain the equipment financing loan they need to expand their operations.