MTMFinancing

New & Used Flexible Terms Business & Owner-Operator

Heavy Equipment Financing Made Simple

Fast approvals, flexible terms, new & used — built for contractors and owner‑operators.

Excavator at sunrise on job site

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Secure the machines you need without draining working capital. Whether you’re scaling a crew or an owner‑operator landing bigger jobs, our flexible programs make approvals fast and payments predictable.

Rates
as low as ~6%
Terms
24–84 months
Funding
as fast as 1–3 days
Why it matters

Why Financing Heavy Equipment Matters

Preserve Working Capital

Cash is oxygen. Financing keeps cash free for payroll, fuel, insurance, marketing, and surprise repairs while the machine pays for itself over time.

Predictable Cash Flow

Fixed monthly payments make it easier to bid jobs and forecast margins. Add the payment to your job-cost templates and price with confidence.

Opportunity Cost

Buying outright can stall growth. Financing frees cash to take on bigger jobs, expand crews, and snag time-sensitive deals.

Where Financing Creates Immediate Value

  • Faster time-to-revenue: Get the equipment on-site in days, not months, and start billing.
  • Match cost to usage: Spread the cost over the asset’s useful life so the machine earns while it pays.
  • Keep credit flexible: Programs that won’t tie up your main bank line.
  • Tax advantages: Section 179/bonus depreciation may reduce after-tax cost (confirm with your CPA).

Quick Utilization Math

  1. Estimate monthly payment (see Payment Snapshot below).
  2. Estimate billable hours × rate for the equipment.
  3. Ensure monthly profit after payment stays positive even in a slow month.
Example: If your payment is ,600/mo and your net per job is $400, you need 4 jobs to cover the note—everything after that is margin.

Typical Loan Amounts & Industries

  • Loan sizes: $25,000 – $500,000+
  • Who finances: construction, trucking, landscaping, agriculture, excavation, utilities, waste/recycling, tree service.

Risks & Mitigations

  • Downtime risk: Build a maintenance plan and keep a repair reserve.
  • Rate risk: Slightly shorter terms or a small down payment reduce total interest.
  • Resale risk: Favor models with strong secondary market values; avoid over-specialized attachments early on.
Paying Cash Financing
Zero interest, but drains capital Interest cost, but preserves capital
Harder to scale quickly Scale crews & jobs faster
Lower monthly overhead Fixed, predictable payment
May miss accelerated write-offs Often eligible for Section 179/bonus depreciation*

*Always confirm tax treatment with your CPA. Programs vary.

Choose your path

Financing Options Overview

Equipment Loans

Rates ~6–12%Terms 24–84 moOwnership from day one
  • Best for: Businesses wanting full ownership and depreciation benefits.
  • Pros: Simple structure, no mileage/usage caps, you own the asset.
  • Cons: Higher monthly than leases; may require down payment.
Tax: DepreciationPopular with banks & specialists

Leasing Programs

Lower monthlyOften $0–10% downFMV & Buyout
  • Best for: Keeping payments low, upgrading frequently, preserving cash.
  • Pros: Lower payment, flexible end-of-term (buy, renew, return).
  • Cons: Total cost can be higher if you keep equipment long-term.
Tax: Payment expensing oftenGreat for startups

Vendor / OEM Programs

Promos: 0%–low APRBrand incentivesFast paperwork
  • Best for: Buying new equipment from dealers with seasonal promos.
  • Pros: Attractive rates, bundled warranties, quick approvals.
  • Cons: Tied to brand/dealer; promos limited by inventory & credit.
Ask about feesGreat for new gear

SBA 7(a) / 504

Lower APRLonger termsMore paperwork
  • Best for: Established businesses seeking lower rates & large purchases.
  • Pros: Long terms, lower interest, large loan sizes.
  • Cons: Slower process, stricter underwriting, more docs.
Good credit helpsPlan 30–60 days

Alternative Lenders

Fast approvalsFlexible creditHigher APR
  • Best for: Time-sensitive deals, credit rebuild, unusual equipment.
  • Pros: Speed, lighter docs, broader approvals.
  • Cons: Higher cost; read terms and prepayment language.
Great for auctionsBridge to bank
Know the numbers

Typical Terms & Rates

Down 0–20% Terms 24–84 mo Rates ~6–15%+ Funding 1–7 days
Factor Typical Range Notes
Down Payment 0–20% Lower down may increase rate
Term Length 24–84 months Match term to useful life
Interest Rate (APR) ~6–15%+ Credit, equipment age, and TIB*
Funding Speed 1–7 business days Alt lenders can be faster
Early Payoff Often allowed Program-specific; ask about fees
Collateral Equipment Title/serial secures note
Origination 0–3% May vary by lender

*TIB = Time in Business. Ranges are illustrative and vary by lender, credit, and equipment.

What drives your rate?
Credit Profile
Time in Business
Equipment Age & Type
Down Payment
Financials (rev/cash flow)
Jet tips to lower payment
  • Add a 10% down to widen approvals and reduce APR.
  • Choose models with strong resale to unlock better terms.
  • Bring 3 months bank statements—clean cash flow helps.
  • Consider slightly longer terms for smoother cash flow (you can still prepay if allowed).
What lenders look for

Eligibility & Requirements

  • Credit score: 600+ works for many programs; 660+ unlocks better rates.
  • Time in business (TIB): 6+ months preferred; startup-friendly options exist.
  • Down payment: Often $0–10%; adding ~10% can lower APR and speed approval.
  • Equipment age: New or used typically OK; many lenders finance up to ~10 years old.
  • Cash flow: Recent bank activity should comfortably support the monthly payment.
Startup? No problem.

We pair new businesses with programs that emphasize equipment value and down payment over long operating history.

Documents to have ready
Driver’s License

Owner or guarantor ID

EIN or SSN

Business EIN or owner SSN

Bank Statements

Last 3 months preferred

Invoice / Quote

From dealer or seller

Insurance

If required by lender

Pro tip

Have PDFs ready—clean, legible docs shave hours off underwriting.

Compare your path

New vs. Used Equipment Financing

New Equipment

  • Lower rates and longer terms
  • Warranty protection and dealer support
  • 0% promo programs often available
  • Stronger resale value early on
Best for businesses seeking predictable ownership and uptime.

Used Equipment

  • Lower purchase price
  • Faster approvals with alt lenders
  • Great for first-time buyers
  • More flexible collateral options
Best for startups or cost-sensitive acquisitions.

Total Cost Over Term (Example)

Scenario Purchase Price APR Term Est. Total Paid
New $85,000 6.5% 60 mo $99,111
Used $55,000 10.5% 48 mo $65,266

*Illustrative only. Rates and terms vary by credit and equipment.

Jet tips for comparing new vs used
  • Factor total cost over term, not just sticker price.
  • Check warranty and hours carefully on used equipment.
  • New gear may have lower payment per month despite higher sticker.
  • Used can help startups get rolling faster—especially with alternative lenders.
Ballpark it

Payment Snapshot

$50K · 60 mo · 7% ≈ $990/mo $75K · 72 mo · 8% ≈ $1,317/mo $100K · 84 mo · 9% ≈ $1,630/mo $150K · 60 mo · 10% ≈ $3,187/mo
Amount Term Rate Est. Payment
$25,00048 mo7.5%$604
$50,00060 mo7%$990
$75,00072 mo8%$1,317
$100,00084 mo9%$1,630
$150,00060 mo10%$3,187
Factors that impact your payment
  • Down payment amount
  • Term length (shorter vs longer)
  • Equipment age & type
  • Personal & business credit
  • Cash flow strength

These examples are for illustration only and not loan offers. Actual payments vary by lender, credit, and structure.

Step by step

How Equipment Financing Works

1

Apply Online

Simple one-page application — takes minutes to complete.

2

Get Pre-Approved

Soft credit pull and equipment review. Many approvals same day.

3

Choose Your Gear

Pick equipment from a dealer or private party. Bring the quote or invoice.

4

Sign & Fund

E-docs, fast processing. Some lenders fund in 1–3 business days.

5

Start Working

Get the machine on-site, put it to work, and let it pay for itself.

Built for your trade

Industry-Specific Financing

Construction

Typical loans: $50k–$300kRates: ~6–12%
  • Common gear: skid steers, excavators, backhoes, wheel loaders
  • Programs for prime + mid‑prime credit, dealer or private party

Trucking

Typical loans: $40k–$250kRates: ~7–15%
  • Common gear: tow trucks, dump trucks, day cabs, box trucks
  • Startup‑friendly options and auction approvals available

Landscaping

Typical loans: $15k–$150kRates: ~7–14%
  • Common gear: mini skid steers, compact tractors, trailers
  • Leases with low payments to smooth seasonal cash flow

Agriculture

Typical loans: $30k–$400kRates: ~6–12%
  • Common gear: tractors, implements, sprayers, grain handling
  • Structured terms to match harvest cycles & cash flow
Tax advantages

Tax Benefits & Section 179

Section 179 Bonus Depreciation First‑Year Write‑Off

Section 179 may allow you to expense part or all of the equipment cost in the first year it’s placed in service. Bonus depreciation may further accelerate deductions on qualifying purchases. This can dramatically lower your after‑tax cost in year one.

  • New or used equipment may qualify*
  • Business use must generally be > 50%
  • Must be purchased and placed in service within the tax year
  • Annual IRS limits and phase‑outs apply*
Heads‑up

Tax rules change. Always confirm eligibility and optimal strategy with your CPA before purchase.

Illustrative examples (for concept only)
Scenario Purchase Deduction Est. Tax Savings*
Skid Steer $55,000 Section 179 (full) ≈ $13,200 (24% bracket)
Excavator $120,000 179 + bonus ≈ $28,800 (24% bracket)
Dump Truck $180,000 179 up to cap* Varies by cap & bracket

*Eligibility, limits, bonus percentage, and tax brackets vary by year. These numbers are examples only and not tax advice.

Pro tips to maximize benefits
  • Time purchases so equipment is in service before year‑end.
  • Coordinate term length with your cash‑flow and tax plan (deduction timing vs. payments).
  • Keep invoices, serial numbers, and service dates on file for your CPA.
  • If you’re a startup or passthrough, discuss how deductions flow to your return.
Answers, fast

Frequently Asked Questions

How much do I need for a down payment?
Many programs offer $0–10% down. Putting ~10% down can widen approvals and reduce APR, especially on older equipment.
Can I get approved with newer credit or a lower score?
Often, yes. We work with lenders that approve ~600+ credit for select programs. Strong bank statements, time-in-business, or a small down payment can help.
Do you finance used equipment and private-party sales?
Yes—new and used are eligible. Private-party deals are common; you’ll just need a bill of sale/invoice and clear title or serial verification from the seller.
Is there a prepayment penalty?
It’s program-specific. Many loans allow early payoff with minimal fees; some leases have remaining-rent provisions. We’ll flag prepayment language before you sign.
How fast can I get funded?
Simple files can fund in 1–3 business days after approval. Complex or SBA-style deals can take longer depending on documentation and equipment type.
What documents should I have ready?
Driver’s license, EIN/SSN, last 3 months bank statements, and the invoice/quote. Insurance may be required prior to funding.
Will checking rates hurt my credit?
Pre-qualification is typically a soft pull. A hard inquiry may apply before final docs—only with your permission.
What’s the difference between a loan and a lease?
Loans lead to ownership and depreciation benefits. Leases generally have lower monthly payments and end-of-term options (FMV or $1 buyout). We’ll tailor to your goals.
Get Pre‑Approved See Typical Terms