Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is it possible to purchase both real estate and equipment at the same time using an SBA loan?

April 26, 2017equipment loan possible purchase Real Estate SBA time

0

Posted

Is it possible to purchase both real estate and equipment at the same time using an SBA loan?

1 Answer

0

Posted

Yes – in two possible ways. It is possible to prepare “companion” 504 loans – one 20– year loan for the real estate, and another 10–year loan for the equipment. Or, if the weighted useful life of the equipment does not “drag” the overall life of the project below 20 years, we can prepare a single application that includes both real estate and equipment.