Depending on the business type, business equipment can be a
major part of the budget for a start up business. When drafting a
business plan and figuring out what your small business loan amount
should be, prepare a detailed budget, including the cost of the
business equipment that will be needed to start the business. You
should also include any equipment that will be needed in the first
year to function adequately.
If the equipment will require regular maintenance, include
maintenance costs in your budget as well. If there is the potential
for the equipment to need replacement, factor in the risk
associated with that as well. Your loan amount should cover all of
these things, since you don't want to have to go back for more
money unless something catastrophic happens. Including business
equipment in your business plan and budget can assist with getting
your business started on the right foot.