Call Us & Get Prequalified For Your Loan
Call Us & Get Prequalified For Your Loan
First Capital Business Finance
Having a skid steer is like having a Swiss Army knife, with all the different attachments these little workhorses can be used for just about anything on a job site. Skid steers play a pretty big role in various industries, from construction, excavation and landscaping to agriculture. First Capital, recognizes the importance of having reliable equipment to power your operations. Our Skid Steer financing solutions are crafted to provide businesses with the means to acquire, upgrade, or expand their equipment fleet. Whether you’re a construction company looking to enhance efficiency or a landscaping business seeking reliable machinery, First Capital is your trusted partner in navigating the terrain of skid steer financing.
Unlike most equipment financing companies, First Capital Business Finance offers both equipment financing programs as well as working capital loans. What that means is, if for whatever reason you might not qualify for one of our equipment financing programs, we still have the ability with a more liberal program like our working capital business loan. With the proceeds, you can buy equipment, pay for marketing, expand or remodel your place of business; there is no limitation to the use of the proceeds! This type of funding works hand in hand with construction companies who need to buy supplies and maybe make payroll. There are no limitations on how you spend your working capital.
At First Capital we help businesses like yours secure the skid steer financing you need. Our simple application process is painless and often results in a same day approval notice!
Step 1: Get an idea of what your budget will be for this piece of equipment. As mentioned earlier, the prices on these can range anywhere from $10,000 for an older model with high hours and they can go upwards in the tens of thousands of dollars, especially if you plan on financing additional attachments.
Step 2: Find out what your monthly budget will be for the payment on this new piece of equipment. Surely you have an idea and some projections on how much your company will potentially make by adding this to your business. Keep in mind, we’re not looking for business plans nor are we asking for projections, but it’s a good idea to have these figures ready so you can go over the numbers and the monthly payments.
Step 3. Find out what you are prequalified for prior to searching. The easiest way to accomplish this is by either calling our office and speaking with one of our advisors, or you can use our chat feature on our website. Our chat help desk is available from 5am PST to 11pm PST 7 days a week. Once you’ve found out what you are eligible for, now comes the fun part… Start shopping!
Now that you have an idea on just some of our programs, which example do you fall in? It’s ok if you don’t know, that’s what our advisors are here for! There are more details that go into qualifying, so it’s always best to give us a quick call at 888-565-6692.
You need it, we finance it! If you don’t see your equipment listed, call us at 888-565-6692!
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).
We often hear questions from people who want to get a loan to buy a skid steer for personal use, like clearing snow or moving dirt and debris on a newly purchased property.
But here’s the deal: when you’re looking for a loan to buy any type of equipment, the lenders want to know how you plan to make money with it. They care about the income you can generate using that equipment. Income generated with the new piece of equipment; provides some assurance to the lender the borrower is less likely to default on any payments.
So, to get a loan for any type of construction equipment, you typically need to have your own business. Even if you are just starting your business or maybe doing a side business, that’s the key requirement.
We offer the most competitive financing options, that also includes our down payment requirements. The down payment requirement depends on a few factors, like your credit score and how long you’ve been running your business. Generally, the better your credit and the more experience you have in business, the less money you’ll need to put down.
Here’s a breakdown of what your down payment might look like:
So, how much you’ll need to put down really depends on your credit and business history. It’s a good idea to find out which financing program fits your situation best to determine your exact down payment requirements.
In industries like landscaping, experiencing off-seasons is common in some states. Traditional financing typically entails fixed monthly payments irrespective of your business’s slower months.
First Capital offers flexible financing programs that can be tailored with seasonal payments to align with your revenue cycle. Let us alleviate payment management stress, even during your slow months. Mention flexible financing when applying to explore the best option for your business.
First Capital recognizes the importance of your equipment and supports small businesses. Unlike conventional lenders, we consider your industry experience rather than solely focusing on your time in business.
Testimonials
What Our Customers Say
These are just to name a few. If you don’t see your type of equipment listed, simply give our office a call. We offer financing on just about any type of equipment if it’s related to your business.
Case 1845C
Bobcat S650
New Holland LS180
Bobcat S250
Bobcat S185
Bobcat 773
Bobcat 753
Bobcat 863
Bobcat 763
Case 1840
Bobcat 873
Bobcat S175
New Holland LS170
Bobcat S570
Bobcat S590
More with all the brands you trust: Caterpillar, Bobcat, John Deere!
Seize the opportunity with First Capital’s Skid Steer Financing. Whether you’re a startup in need of your first skid steer or an established business looking to expand, our financing solutions cater to your unique needs. Don’t let financial constraints limit your potential – apply now and experience the difference of partnering with a financing solution that understands the diverse demands of your industry. Your journey to elevated operations starts here with First Capital.
Currently, if you are trying to get financing through traditional routes like a bank, there are limited options available. Banks primarily consider the revenue generated in the last two years when assessing financing decisions. That includes providing profitable tax returns, which some small businesses can’t provide. This is where we shine! We offer non-traditional financing for both startups and existing businesses, for both good and bad credit business owners.
The standard credit score required for financing approval is 680, although this criterion may vary among lenders. At First Capital, we specialize in assisting businesses with all credit profiles in obtaining the necessary financing. We have programs that don’t use your credit score to qualify, but instead we look at your current cash flow for the business.
Financing and leasing terms provide highly flexible payment options that won’t strain the business’s cash flow. Typically, payback terms range from 24 to 60 months, ensuring manageable repayment schedules.
This is a question for a tax professional. Ask your tax preparer about Section 179 and see if your company qualifies.
Your monthly payment can vary depending on several factors. We look at the company’s length of time in business, the business credit (if there is any established), the owners credit, the equipment details, and sometimes the income if that’s needed.
Although renting a skid steer incurs higher costs, it provides greater flexibility and reduces financial risks. “If your jobs are consistent and repetitive, ownership may be preferable.” Leases can sometimes offer lower monthly payments depending on the lease structure. When financing one, they might have a slightly higher payment.
We offer programs for both new and used equipment. However, if you plan on buying a used one, make sure you do your due diligence and check on the condition, hours and maintenance that was performed on the piece of equipment. Also, if you are buying a used one, it is sometimes easier to get financing if the seller is a dealer versus a private party.
Another common question we hear from clients… No, skid steers like most yellow iron equipment do not have titles. If you are buying a used skid steer from a private party seller, you need to make sure the seller is the rightful owner. You obviously don’t want to buy stolen equipment.
Same Day Loan Approval