I left my old company after 10 yrs and going to rollover that company 401, to my own.. I started my own consulting LLC company and need some capital equipment funds.. Can I take money from my new 401 and loan to my company to pay back w/o penalties?

Sorry for the delay in answering; there was a glitch in the updating process on my computer.

No, such a loan is forbidden and will be considered an early distribution with the resulting tax and penalties due.