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First Capital Business Finance

Skid Steer Financing

First Capital

Financing a Skid Steer or Bobcat

Skid Steer Financing

Are you looking to finance a skid steer but you’re concerned about your less than perfect credit? If you’re in the market for a new or used skid steer, we have programs for both. Even for the credit challenged business owner that might have less than average to very bad credit, First Capital Business Finance has the ability to secure financing for almost every situation. We understand the importance of having the right tools and equipment to keep your business running full speed ahead. We make every effort to get you approved for your financing in the shortest amount of time.

Whether you’re in the market for a wheeled steer loader or a track skid steer loader, we have programs for both. It is a good deal to have an idea on what type of equipment you’ll be wanting to finance before hand. I’m sure by this point, you are already aware if you are wanting a wheel skid steer or a track skid steer. Depending on the type of work you plan on using it for, it will determine they type of skid steer you’ll need.

For example, if you’ll be doing the majority of your work on hard surfaces like hard soil or concrete, you’ll most likely want a wheel loader. Or if you think you’ll be doing more work in more difficult ground conditions like loose soil or dirt, you’ll want to consider the track loader. Both of these have their benefits and drawbacks.


  • Maneuverability is easier
  • Better to work on hard surfaces
  • Tire replacement is cheaper to replace compared to tracks
  • Wheels are faster than tracks


  • Turn Radius is better than wheels
  • Has better traction than wheels
  • Can cause damage to the ground
  • Can work in rougher conditions


We often hear questions from people who want to get a loan to buy a skid steer for personal use, like clearing snow from a big property or doing construction work on newly purchased land.

But here’s the deal: when you’re looking for a loan to buy equipment like a skid steer, the lenders want to know how you plan to make money with it. They care about the income you can generate using that equipment.

So, to get a loan for a skid steer, you typically need to have your own business. That’s the key requirement.


The down payment you’ll need for a skid steer 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:

  1. Good Credit and Established Business: If you have good credit and have been in business for a while, you might be able to start with just 5% down. For example, if you’re buying a $20,000 machine, that would be $1,000. Sometimes, depending on the financing program, they might ask for one or two upfront payments. If you’re a new business, they often ask for the first and last payment upfront.

  2. Fair Credit: If your credit is fair, the requirements can vary. In some cases, you might be asked for the first and last payment upfront. In others, it could be the first payment plus a 10% security deposit.

  3. Bad Credit: For bad credit situations, the down payment can range from a 10-20% security deposit to the first payment plus a 10% security deposit and collateral. Collateral means you’d need to provide something valuable, like other machinery or vehicles that they can sell if you can’t make your payments.

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.

finance for skid Steer

Skid Steer Financing: More Than One Solution

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, expanded 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 spending your working capital.

Why use us to finance your next piece of equipment:

  • Less than perfect credit or bad credit is not an issue
  • Flexible terms up to 60 months
  • Very minimal paperwork needed
  • Approvals within 48 hours or less
  • Excellent customer service
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).

Steps to Financing a Skid Steer Loader

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 chat with our help desk. Our help desk is typically open 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 either call our office and speak to one of our advisors, or you can use our help desk. If you look to the lower right of your computer screen, you’ll see a purple box that will allow you to chat with one of our professionals. Feel free to call us anytime at 888-565-6692

Financing Skid Steer Loader


What Our Customers Say

Financing in Dallas, TX 6

You need it, we finance it! If you don’t see your equipment listed, call us at 888-565-6692!

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.

Popular Skid Steers

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, Bobcast, John Deere! 

Same Day Loan Approval