A Medro Advisors Company
SBA’s 504 guidance specifies a minimum remaining useful life of ten years for eligible long-term machinery and equipment.
Fasty Funding’s educational recommendation is to compare three timelines before choosing a structure: when a purchase becomes productive, how long its benefit is expected to last, and when repayment is due. Review the full schedule, including any final balance and relevant fees, rather than relying on the periodic payment alone.
Program requirements vary. Useful-life assumptions and financing terms should be checked with the appropriate provider and professional advisers.