Apr 25, 2023
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