Finance Your Excavator With The Right Lender
Our lenders are looking for businesses like your to fund. Banks dont understand your business like we do
- 100% Guaranteed Equipment Financing
- Easy Online Process
- No Credit Check Pre-Approval
Top Excavator Manufacturer Brands
Kubota
Kubota Manufacturing is a leading global manufacturer of agricultural and construction equipment. With a history spanning over a century, Kubota has become synonymous with reliability and innovation in the industry. The company's commitment to quality and customer satisfaction has made it a trusted name among farmers, builders, and landscapers worldwide.
Sany
When it comes to construction machinery, quality is non-negotiable. SANY equipment is known for its superior quality, with each piece of machinery built to withstand the toughest job sites and operating conditions. From excavators to cranes, SANY equipment is designed with durability and performance in mind, ensuring that it can handle even the most demanding tasks with ease.
CAT
Caterpillar Inc., an American multinational corporation, is a name synonymous with excellence in the construction industry. With a history spanning over 95 years, Caterpillar has established itself as a leading manufacturer of heavy equipment, including excavators. Caterpillar excavators are known for their durability, versatility, and advanced technology. Their machines are designed for ease of operation and equipped with safety features to ensure the well-being of operators. From compact excavators to large-scale models, Caterpillar offers a wide range of options to meet the diverse needs of construction projects.
F.A.Q
Financing an excavator without a business will prove to be a difficult task. Usually loans like this are given to businesses with operational history. Skid loaders are high priced utilities and most personal loan lenders dont lend more than $35,000. However, if you want to try and find a cheap used mini excavator for under $50,000 and apply for a personal loan with EXCELLENT credit with tax returns and/or pay stubs then you may be able to find a lender that will service you.
Period of time you can finance a mini excavator is from 1-5 years with most bank and lenders. Interest rates can range from 6% up to 30% or more depending on the lending party. Interest rates are governed by your personal credit score, time in business, annual revenue and the bank or lender itself. As with any loan the longer you finance the piece of equipment the more you pay in interest but with lower monthly payments. The shorter you finance the higher your monthly payments will be
In able to be approved for financing lenders will often do a soft pull on your personal credit score. The good news is since your operating an established business with annual revenue, financing is still available even without the best personal credit. Most lenders will require atleast an 580 credit score or better. Banks and lenders care mostly lending to a real functioning business.