Industry financing

Construction Equipment Loans

Finance heavy equipment, trucks, trailers, and construction machinery with fast approval and competitive rates. Construction equipment loans help construction companies finance heavy equipment, trucks, and machinery. Equipment types include excavators, bulldozers, loaders, cranes, trucks, trailers, and tools. Loan terms: rates 6–30% APR, terms 2–7 years, amounts $25k–$500k+. Equipment serves as collateral, reducing lender risk. Approval in 24–72 hours. Requirements: 6+ months in business, $10k+/month revenue, 600+ credit. Benefits include preserving cash flow, spreading cost over time, using equipment while paying, and tax benefits (depreciation). Can finance new or used equipment.

Equipment You Can Finance

  • Heavy Equipment: Excavators, bulldozers, loaders, cranes, compactors
  • Vehicles & Trailers: Trucks and tractors, trailers (flatbed, dump), pickup trucks, fleet vehicles
  • Tools & Machinery: Generators, compressors, welding equipment, power tools
  • Specialty Equipment: Concrete equipment, paving equipment, demolition equipment, material handling

Benefits of Equipment Financing

Preserve Cash Flow: Don't tie up cash in expensive equipment. Spread cost over time while you use equipment to generate revenue on projects.

Fast Approval: Equipment financing approves in 24–72 hours. Equipment serves as collateral, reducing lender risk and speeding approval compared to unsecured loans.

Tax Benefits: Can claim Section 179 deduction (up to $1M) or bonus depreciation (100% first year) for qualifying equipment. Also deduct interest payments.

Flexible Terms: Terms match equipment lifespan (2–7 years). Can finance new or used equipment. May include maintenance packages or warranties.

Financing Terms & Rates

Interest Rates: Rates typically 6–30% APR depending on credit, equipment type, and loan amount. Higher credit scores get better rates. Equipment serves as collateral, reducing rates compared to unsecured loans.

Loan Terms: Terms typically 2–7 years, matching equipment lifespan. Longer terms lower monthly payments but increase total interest. Choose term based on equipment expected life and project needs.

Loan Amounts: Amounts range from $25k–$500k+ depending on equipment value and business financials. Can finance single items or entire equipment packages.

Down Payment: Down payments typically 10–20% of equipment value. Some lenders offer lower down payments for qualified borrowers. Trade-in value can count toward down payment.

Qualification Requirements

  • Time in Business: 6+ months (12+ months preferred)
  • Monthly Revenue: $10,000+ (higher preferred)
  • Credit Score: 600+ (higher scores get better rates)
  • Equipment Quote: Equipment quote or invoice required

Frequently asked questions

Can I finance used equipment?
Yes, both new and used equipment can be financed. Used equipment may have slightly higher rates. Lenders assess equipment value, age, and condition. Used equipment can be cost-effective.
What's the approval process?
The process is fast: (1) Apply online, (2) Provide equipment quote, (3) Get approval in 24–72 hours, (4) Sign documents, (5) Funds disbursed to vendor. Equipment serves as collateral, speeding approval.
Can I finance multiple pieces of equipment?
Yes, you can finance multiple pieces in one loan or separate loans. Package financing may offer better rates. Can add equipment to existing loans in some cases.

Ready to get funded?

Apply once and get a clear funding offer in 24–72 hours — no hard credit pull to pre-qualify.

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