Call Us & Get Prequalified For Your Loan
First Capital Business Finance
First Capital
Is your company in the market for a new or used front loader? If you would like to learn more about the type of financing programs available for this type of equipment, you’ve come to the right place. We encourage our clients to always have an idea of what type of equipment they are wanting and their budget. So you should be asking yourself if you’re in need of a wheel loader or track loader? What type of work will you be using the loader for?
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.
Once you have decided on what type of equipment you need, we can then figure out what you are qualified for. If you haven’t done your research, you might be asking to get qualified for the wrong amount. We’ve had clients thinking they can get equipment for way lower than what the true market price goes for. If you have been doing some research you’ll notice the loaders have a huge range of prices.
So let’s first discuss the process we take with our clients, and what our qualifications are when it comes to financing any type of equipment, including a loader.
Step 1: Get an idea of what your budget is 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 or hundreds of thousands of dollars.
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!
We have a wide variety of programs for all credit grades, including start-up businesses. There are too many variables to list all of our programs on our website, so we strongly suggest speaking to one of our advisors. We can pre-qualify you within a few minutes by asking you a few simple questions.
Length of time in businessDepending on your scenario, you will see that we offer programs that will require anywhere from a zero down payment and some 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:
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).
Program 1
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Front loaders and wheel loaders are crucial assets for many businesses, allowing them to maintain operations and enhance their competitive edge. However, acquiring this equipment can be a significant investment. That’s where equipment financing comes in.
When you opt for equipment financing, you’re taking a loan to purchase the equipment outright. This means you own the equipment from day one, and it serves as collateral for the loan. Unlike equipment leasing, where you essentially rent the equipment, financing allows you to build equity in the asset over time.
While leasing may offer lower monthly payments, the long-term cost of borrowing is typically higher compared to financing. It’s essential to understand these differences and ask the right questions when considering your financing options.
Key Questions to Ask a Prospective Financing Partner
At First Capital, we pride ourselves on providing transparent and client-focused equipment financing solutions. Here’s what sets us apart:
Ready to Learn More?
Contact us today for a free consultation to explore your equipment financing options. Whether you’re ready to move forward or simply need more information, our team is here to help you every step of the way.
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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 text box that will allow you to chat with one of our professionals. Feel free to call us anytime at 888-565-6692
First Capital Business Finance is committed to helping you meet your cash flow needs to grow your business. We serve small and middle market businesses and large corporations with range of loan and financing options for bad credit
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