Equipment Financing for Contractors

Who This Is For

• General contractors needing heavy earth-moving equipment
• HVAC, plumbing, and electrical companies needing service vehicles
• Paving and concrete contractors requiring specialized machinery
• Landscaping companies upgrading their fleet

Common Uses

• Purchasing new or used heavy equipment (excavators, dozers, cranes)
• Acquiring commercial fleet vehicles or work trucks
• Upgrading specialized tools and technology
• Refinancing existing equipment for better rates or cash out
• Leasing equipment for specific short-term projects

Qualification & Documents

Key Qualification Factors:

• Equipment must be essential to business operations
• Minimum 1 year in business (exceptions for strong personal credit)
• Credit score of 620+ (lower scores considered with higher down payments)
• Equipment quote or invoice from a reputable dealer
• Sufficient cash flow to cover the new monthly payment

Documents Needed:

• Detailed invoice or quote for the equipment
• Most recent business tax return
• 3-6 months of business bank statements
• Brief description of how the equipment will generate revenue
• Spec sheet for the equipment being purchased

Funding Timeline

Equipment financing is one of our fastest programs. Approvals can happen in 24 hours, with funding sent directly to the vendor within 48-72 hours.

Can I finance used equipment?

Do I need a down payment?

What are the tax benefits of equipment financing?