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First Capital Business Finance

Bad Credit Heavy Equipment Financing

First Capital

Heavy Equipment Financing for All Credit Scores

Heavy Equipment Financing isn’t impossible if you’ve got bad credit.

At First Capital Business Finance, we understand that bad credit should not stand in the way of your business’s progress. Our Heavy Equipment Financing solutions cater to businesses of all sizes, offering a pathway to acquire the machinery and vehicles you need to succeed. Whether you’re a startup or an established business with less-than-perfect credit, we are committed to helping you secure the equipment you require.

If your business has bad credit or less-than-perfect credit, it’s not impossible to get heavy equipment financing. We offer an extensive range of bad credit business loans for business owners who want to start afresh.

First Capital Business Finance can get you the heavy equipment financing you need today. Scroll down to see some of the heavy equipment we finance, both new and used!

What is Heavy equipment Financing?

Heavy equipment financing refers to a type of financial arrangement that allows businesses to acquire the necessary heavy machinery and equipment for their operations without having to make the full upfront payment. Heavy equipment includes machinery used in industries such as construction, agriculture, mining, forestry, manufacturing, and transportation. This equipment tends to be expensive and vital for business operations but often requires a significant capital investment.

Here’s how heavy equipment financing generally works:

  1. Equipment Selection: A business identifies the specific heavy equipment it needs to operate effectively. This could include items like construction machinery, industrial vehicles, farming equipment, and more.

  2. Financing Application: The business applies for heavy equipment financing with a lender or financial institution that specializes in providing loans for this purpose.

  3. Loan Approval: The lender evaluates the business’s financial health, creditworthiness, and the value of the equipment being financed. If approved, the lender provides a loan offer that outlines the terms, interest rates, repayment schedule, and other relevant details.

  4. Down Payment (if applicable): In some cases, a down payment might be required upfront, though heavy equipment financing options often have lower down payment requirements compared to traditional purchases.

  5. Acquisition: Once the financing is secured and the terms are agreed upon, the lender disburses the funds to the business. The business can then acquire the chosen equipment from a vendor or seller.

  6. Repayment: The business repays the loan over a specified period, usually through regular monthly payments. The repayment schedule is determined during the loan application process and is based on factors such as the loan amount, interest rate, and term length.

  7. Ownership: In most cases, the business gains ownership of the equipment once the loan is fully repaid. However, during the loan term, the lender typically retains a lien on the equipment, which means the lender has a claim to the equipment if the business defaults on the loan.

Heavy equipment financing can offer several benefits to businesses:

  • Preserved Cash Flow: By financing heavy equipment, businesses can conserve their working capital for other operational expenses or investments.

  • Upgraded Equipment: Financing allows businesses to acquire newer, more advanced equipment that might be more efficient and productive, helping them stay competitive.

  • Tax Benefits: In some cases, the interest paid on heavy equipment loans can be tax-deductible, providing potential financial advantages.

  • Flexible Terms: Lenders often offer flexible repayment terms, allowing businesses to choose a schedule that aligns with their cash flow.

It’s important for businesses to carefully consider their financial situation, repayment capabilities, and the terms of the financing agreement before committing to heavy equipment financing. Each lender and financing option may have different terms and requirements, so thorough research is essential to make an informed decision.

Heavy equipment financing
Buying used heavy equipment vs new
Commercial Used Equipment Finance

Benefits of Choosing Our Heavy Equipment Financing:

  • Enhanced Cash Flow Management: By opting for our financing options, you can manage your cash flow more effectively, allocating funds for other critical aspects of your business.
  • Tailored Repayment Plans: We design repayment plans that align with your financial situation, ensuring flexibility and affordability.
  • Modern Equipment Access: Access to state-of-the-art machinery and vehicles empowers your business with the tools needed to compete and thrive.
  • Business Expansion Opportunities: Acquiring necessary equipment enables you to take advantage of growth opportunities and expand your operations.
  • Expertise and Support: Our experienced advisors are here to guide you through the financing process, offering friendly, helpful customer service every step of the way.

Types of Heavy Equipment We Finance:

We provide financing solutions for a wide range of heavy equipment, including but not limited to:

  • Construction Machinery: Excavators, bulldozers, loaders, and more.
  • Agricultural Equipment: Tractors, harvesters, sprayers, and related machinery.
  • Commercial Vehicles: Trucks, trailers, and transport vehicles.
  • Manufacturing Machinery: Equipment crucial to industrial production.
  • Medical Equipment: Essential tools for healthcare providers.
  • Technology and IT Infrastructure: Equipment vital for modern business operations.

Corporate-Only Financing for Established Businesses:

Our “corporate-only” financing option is tailored for businesses with a strong track record. If you’ve been operating for over 5 years, this program provides specialized benefits to suit your unique needs.

Step-by-Step Guide to Heavy Equipment Financing:

  • Initial Consultation: Reach out to our advisors via our online contact form or call us at 1-888-565-6692 for a consultation.
  • Pre-Approval Process: Our fast and straightforward pre-approval process helps you understand your eligibility and financing options.
  • Equipment Selection: With our guidance, choose the right equipment that meets your business requirements and budget.
  • Final Approval and Purchase: Complete the final approval process, sign agreements, and proceed with your equipment purchase.

What are people saying about their Experience 

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Here’s How First Capital Can Help You – Today!

  • A wide range of heavy equipment financing programs
  • Programs for all credit scores (good, bad, and in between)
  • Simple, fast pre-approval process for bad credit business loans
  • Friendly, helpful customer service that’s easy to understand
We also offer “corporate-only” financing for those business owners who have been in business for over 5 years. Our process is simple and fast. If you’ve picked out your equipment already, we suggest you get pre-approved prior to signing any agreements with a vendor or making any type of deposit to a dealer or seller.

How to Get Your Heavy Equipment Financing ASAP

The easiest way to find out what you qualify for is to contact us online (click the button below) or call one of our advisers here: 1-888-565-6692. They can spend a few minutes with you on the phone, inform you about the process, and tell you what you’re eligible for. Afterward, you’re able to start shopping for the right pieces of equipment.
First Capital Business Finance

Same Day Loan Approval

Getting the loan you need is simple. Contact us & you can get prequalified for your loan on the same day!

Step 1

Reach out to us via phone or the contact form on this website.

Step 2

We'll contact you to get the information we need to process your loan.

Step 3

You'll receive a decision on your loan shortly (typically the same day).

Keep Yourself Informed

Before you begin your financing journey, stay ahead of the game. Learn about how our bad credit business loans for heavy equipment financing can help you and your business. Click on one of our blogs and keep yourself informed.

Do You Have a Recent Bankruptcy, Repossession, or Tax Lien?

Even if you have had a bankruptcy recently discharged, we have programs tailored for clients with challenging credit. Our Asset-Based Direct Lease program makes it very simple to qualify and is specifically for business owners who have bad credit wanting to secure heavy equipment financing. Of course, there are times where business owners might not have a limited credit history or no credit at all – this is a great alternative program for them as well. We make sure to explore all the possibilities for securing bad credit business loans for our qualified customers.

New/Used Equipment Eligible for Heavy Equipment Financing

This is not a complete list – if you don’t see your type of equipment listed, please just give our office a call. We offer bad credit business loans and financing on just about any type of heavy equipment. Any of our advisors can help guide you through our simple process and will go over the options that are best suited for your company.
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Good or bad credit financing for heavy equipment can keep your business on the go. Our bad credit business loans create a rare opportunity for your business to expand.


What Our Customers Say

Contact First Capital for Bad Credit Heavy Equipment Financing

Financing in Dallas, TX 6

Contact First Capital for Bad Credit Heavy Equipment Financing

Naturally, we know that it’s often frustrating and difficult to get the financing you need with bad credit. Now, you don’t have to worry about stress. If you’ve got bad credit and need bad credit business loans for heavy equipment financing, contact First Capital Business Finance today! Call us at 888-565-6692 or prequalify for your loan online. Get the heavy equipment you need for your business now.

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