First Capital Business Finance

Excavator Financing

First Capital

Who Can Offer New or Used Excavator Financing?

Do You Need Excavator Financing?

Are you in the construction industry and looking to acquire a powerful excavator to boost your project efficiency? Look no further than First Capital Business Financing! We understand the unique needs of businesses in the construction sector, and our excavator financing solutions are tailored to help you acquire the equipment you need without breaking the bank.

Why Choose First Capital Business Financing for Excavator Financing?

1. Tailored Financing Solutions:
At First Capital, we believe in offering flexible and customized financing solutions to meet the specific requirements of your construction business. Our team works closely with you to understand your financial goals and craft a financing plan that aligns perfectly with your needs.

2. Competitive Rates:
We strive to provide our clients with the most competitive rates in the market. Our commitment to transparency ensures that you are aware of all costs associated with your excavator financing, allowing you to make informed decisions that contribute to the success of your business.

3. Quick and Hassle-Free Approval:
Time is of the essence in the construction industry, and we value your time. Our streamlined application process ensures quick approval, getting you behind the controls of your excavator faster than you thought possible.

4. All Credit Types Welcome:
We understand that not every business has a perfect credit history. That’s why we welcome businesses with all credit types, providing financing options that suit your unique circumstances.

Getting Qualified for Excavator Financing

Now that you’re a little wiser about picking between equipment finance companies, the next step is to see what you qualify for. As you already know the cost for a new or used excavator can be way up there. Finding one with low hours and all the right amenities might be a better cost-saving strategy!

We encourage our clients to do some research on the equipment they are interested in. This helps them get an idea of what their budget needs to be. You might find one for sale at a dealer location, or even through a private party seller.

When it comes to actually financing the equipment, however, there’s a huge difference between buying from a dealer versus a private party. To learn more about the two, we have some great info over here.

Are You Eligible for Excavator Financing?

Let us help you determine whether new or used excavator financing is right for you and your business. The easiest way to accomplish this is by either calling our office at 888-565-6692 and speaking with one of our advisors, or you can chat with our help desk. Our help desk is typically open from 5 am PST to 11 pm PST, 7 days a week. Once you’ve found out what you are eligible for, now comes the fun part…shopping around! Plus, don’t forget, we have a wide variety of programs for all credit grades, including start-up businesses.

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).

Excavator Financing – Monthly Payment Examples

Depending on your scenario, you will see that there are programs that will require anywhere from a zero down payment to some that may require as high as a 50% down payment. So we’ll list a few examples to give you an idea of what you can expect. As you might already know, there’s a lot that goes into pricing and qualifying a transaction:

Length of time in business
Credit history & credit score for the business owner(s)
Equipment type
Sometimes income will also come into play

Payments & Terms

Example A: Used Excavator $35,000

5 Years’ Time in Business, Excellent Credit, Good Business Credit
Zero Down, 1st & Last Months Payments Due at Closing
36 months: $1,199
48 months: $935
60 months: $769

Example C: Used Excavator $35,000

Startup Business, Less than Average Credit, No Business Credit
Zero Down, 1st & Last Months Payments Due at Closing
36 months: $1,719
48 months: $1,479
60 months: $1,349

Example E: Used Excavator $35,000

Anytime in Business, No Recent Poor Credit, No Business Credit, Income Qualifications
10% Deposit Due at Closing
36 months: $1,635
48 months: $NA
60 months: $NA

Example B: Used Excavator $35,000

Startup Business, Average Credit, No Business Credit
Zero Down, 1st & Last Months Payments Due at Closing
36 months: $1,445
48 months: $1,185
60 months: $1,029

Example D: Used Excavator $35,000

Anytime in Business, Poor Credit, No Business Credit, Income Qualifications
10% Deposit Due at Closing
36 months: $1,715
42 months: $1,610
60 months: $NA

Example F: Used Excavator $35,000

Anytime in Business, Very Poor Credit, No Business Credit, Recent Bankruptcy & Repo Ok
50% Deposit Due at Closing
36 months: $1,035
48 months: $915
60 months: $NA

Testimonials

What Our Customers Say

Which One Are You?

Now that you have an idea of where your down and monthly payments might fall, which backhoe financing example do you fall in?

Please keep in mind, these payments and terms are not set in stone. There are so many variables that can improve your pricing, but this will give you a basic idea of where you might be. There are more details that go into qualifying, so it’s always best to either call our office and speak to one of our advisors, or you can use our chat help desk. If you look at the lower right of your computer screen, you’ll see a purple box that will allow you to chat with one of our professionals.