Equipment Acquisitions

We have financed a variety of different types of equipment for our borrowers. It ranges from desks, chairs and computers, to industrial handling and manufacturer's equipment, vehicles, construction equipment, printing presses, airplanes, barges, trains and more!

Typically, we would match the repayment term of the loan with the useful life of the equipment being purchased ranging from 3 to 10 years. We do not provide leases, however, you should always consider them and compare the structures to a conventional financing structure like ours.

Down payment requirements also vary. Typically, we would look for 20%-25% cash injection from the borrower. If other collateral is available, we can consider a smaller down payment. Equipment that is subject to obsolescence or is special use may require a larger down payment.

NYBDC's loan limits range from $50,000 to $1,500,000. We are a complement to bank financing and do not compete with our partner banks. Many loan structures include NYBDC, Bank and other subordinate lenders which can bring the total financing to exceed $5 million.

For equipment that has a useful life of greater than 10 years, such as a printing press, we can utilize the SBA 504 loan program. This program allows for up to 10 years repayment with a fixed interest rate and as little as a 10% down payment. It is only available for the acquisition of equipment, not for refinancing of equipment. See the button "Real Estate Acquisition or Construction" and scroll down to 504 Loan Program for further information.

Click on "Loan Payment Estimator" and we will provide you with our interest rates and payments for equipment loans.