Construction Equipment Leasing
Construction equipment leasing is not gone. With the collapse of the housing market, commercial construction, and the falling economy, many construction companies believe they can no longer finance the equipment they need to stay in business. That is far from the truth. We have partnered with Lease Companies who specialize in your business.
In order to be competitive, you need to have the most up to date equipment and technology. We have sources that will help almost all construction companies get the financing they need. If your business needs a new or used piece of equipment, we have the source whether it’s $5,000 or over a $1,000,000.
Today’s economy has made it difficult for most businesses to secure a bank loan. However, construction companies have found getting approved for a business loan is almost impossible. 20-50% down payments are the norm. Most lenders will also place a blanket lien on your business assets and receivables to protect their interest. Transfering your business banking relationship to the bank willing to consider your application is mandatory. And it can take 1 – 3 months before funding is available even if you qualify.
Leasing is a quicker alternative to financing your next equipment purchase. Funding can be as quick as 5 – 7 business days. Application only to $150,000 is available to those with good personal and business credit. However, even with less than perfect credit; it is posssible to be approved for a lease with financials and still have the funding in less than two weeks.
For construction companies who have the equipment they need but need capital for other business needs, leasing is still an option. We can use the equity in the equipment you already own in a process called Sale Back Leasing. The Lease Comapny purchases your equipment back from you at liquidated value and then leases it back to you. This allows you to use the equity in your equipment and receive the capital you need to use in other aspects of your company.