SBA loan basics
Short answer
Yes, an SBA 7(a) loan can definitely be used to purchase equipment for your small business.
One of the approved uses of SBA 7(a) loan proceeds is for the acquisition of machinery and equipment. This includes a wide range of assets necessary for business operations, from office furniture and computers to specialized manufacturing machinery or commercial vehicles. The equipment must be essential for the business's operations.
A graphic design studio needs new high-performance computers and design software licenses totaling $75,000. They can apply for an SBA 7(a) loan to finance this equipment purchase, improving their operational efficiency.
Insider move
Lenders verify that the equipment purchased is appropriate for the business type and purpose, has a reasonable useful life, and can serve as acceptable collateral. They will typically require a lien on the new equipment.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
7(a) Loan Program — Terms, Conditions, and Eligibility
U.S. Small Business Administration · Official SBA source
SOP 50 10 - Lender and Development Company Loan Programs
SBA 7(a) Loans Overview
Last checked 2026-06-14. Official sources control — verify before relying on any rule for a live deal.
Last reviewed 2026-06-14 · SBA sources checked through 2026-06-14. DealRoom analysis of public SBA 7(a) lending records (FY2020–present). Grounded in the current SBA rulebook; verify against the official sources above before relying on it for a live deal. Not legal, tax, or financial advice, and not an approval decision.
More on use of proceeds
Terms in this answer
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