Can’t be too much help. I’ve always been in sba 7a and sba 504 loans and typically always backed by real estate.

In my world they wouldn’t put a ton of weight on the contract. They’d much rather see a diversity of clients.

Your rate would most likely be tied to prime (7% today and expected to go up) plus 2-3% and in an equipment loan your term is probably max 10 years.

For 7a loans the sba will value new equipment at 75-80% and used at 50%. They’d let you go over 100% LTV but they’d take your house if you have 20% equity in it and possibly any other real estate you have with 20% equity. Typically you have to bring in at least 10% of the project from non borrowed funds.

Startups are difficult especially if it’a not a doctor, dentist, etc. your amount of industry experience will matter a lot.

However, that’s 7a and 504. The smaller ones ($350k and under for 7a) begin to have much looser underwriting standards. (Sba guarantees the bank 75% of the loan on 7a but if it’s below $350k it’s 85% guaranteed). You may be more looking for an SBA Express loan (which I’ve never done) but from what I understand getting under $100k is pretty easy.