Financing Construction Equipment
Free up the capital you need to advance projects and scale up your business
Due to constant demand and an ever-growing industry, it is easier than ever to secure the funding you need to complete your construction projects. Whether you are financing new equipment or leveraging what you already own through sale-leaseback, you can free up capital to help you meet deadlines and stimulate growth.
Benefits of Construction Equipment Financing
Secure capital to get to work
Preserve Cash Flow
Spread out payments over time to avoid large upfront equipment costs. This allows you to devote funds to other immediate expenses such as emergencies, materials, or payroll.
Access Newer Equipment
Old equipment can require frequent maintenance to stay effective. Financing allows you to spend on reliable, modern equipment instead of frequent repairs.
Tax Advantages
New equipment may be eligible for Section 179 deductions or bonus depreciation in the first year.
Easier Budgeting for Growth
By using financing new equipment, you have access to more capital to invest in scaling operations, pursuing new contracts, or hiring more hands.
Build Business Credit
Construction equipment is great for collateral which can be used to secure financing early on. As you make payments on time, your business credit will improve, helping you qualify for better rates and larger loans later on.
Benefits of Construction Equipment Sale-Leaseback
Leverage the value of assets you already own
Unlock Working Capital
By performing a sale-leaseback, you maintain access to your equipment while freeing up capital for immediate expenses such as payroll, materials, or taking on new contracts.
Keep Using Equipment
You get the benefits of selling your equipment without losing access to it--only it is under a lease agreement.
Avoid Traditional Debt
Different from a loan, you don't take on any debt. You won't be charged interest, just the lease expense, which can often be deducted as a business operating expense.
Fund Business Growth
Growth requires capital. If you are looking to expand your business, sale-leaseback can fund that growth without giving up company equity or taking on debt.
What can You Finance?
A better question would be what you can’t finance. From tractors to cranes to power generators, if you need it, most lenders will finance it. Check out our non-exhaustive list of equipment that lenders frequently finance.
Who Our Lenders Work With
Independent
Contractors
Small-to-Mid Construction Firms
Large Contractors & General Builders
Heavy Equipment Owners
Equipment Dealers
or Resellers
Banks, Private Equity
& Brokers
Not Sure if you Qualify?
We offer solutions for businesses of all sizes. If you don’t see yourself listed above, feel free to reach out to us, or take a look at our featured lenders.
FAQ
What is the difference between a loan and a lease?
A loan is where you are taking on debt to purchase equipment which you will pay back subject to a certain term-length and interest rate. A lease is an agreement to rent the equipment for a certain amount of time, subject to a recurring rate, normally on a monthly basis. With a lease, you are not taking on any debt.
How does the sale-leaseback process work?
- Your equipment will be evaluated by the leasing company to determine its value and eligibility for sale-leaseback
- You sell your equipment to the lessors at a fair market value
- With the sale of the equipment, you also lease the equipment back from the leasing company over an mutually agreed-upon term and payment plan
- You use the equipment through the duration of the lease term
- After the lease term, you can buy-back the equipment, upgrade to new equipment, or extend the lease