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Heavy Equipment Glossary

First Capital

Heavy Equipment Glossary

Heavy equipment is the backbone of any great construction job. If you’re looking to gear up your operation or upgrade what you have, you may be wondering what new equipment is out there. Well, you’re in luck. Below we’re going to go over common uses for the most common types of construction equipment.

Articulated Trucks

Does your construction site have a rough terrain? Do you need to carry heavy loads? If this sounds like you, an articulated truck might be for you.

These trucks come in two parts. The cab, a tractor unit designed to travel over most any terrain with ease, and the trailer that can carry heavy loads. These parts are connected via a pivot for easier steering.

Asphalt Pavers

Does your next construction project require laying asphalt? If it does, go for an asphalt paver. These machines can lay asphalt on many surfaces, like roads, bridges, or parking lots.

Asphalt pavers usually have a dump truck to help lay the asphalt and a roller for preliminary rolling. However, it’s recommended that a designated roller follow the asphalt paver to ensure proper asphalt compression.

Backhoe Loaders

Backhoe loaders are some of the most versatile equipment pieces around. If you’re working light-medium construction jobs this the equipment for you.

A backhoe loader typically has a tractor, loader, and a backhoe. Like the name suggests the backhoe does take center stage, but each part contributes to making one amazing addition to any equipment fleet. The loader, for example, can move the heavy dirt and the tracker can rotate 200 degrees.

Cold Planers

Are you removing old asphalt? Cold planers can strip away old roads with ease. They do this by rotating a big drum that grinds the pavement and then cuts it. The loose pavement is then pushed to the center of the rotating drum and fed to an attached conveyor belt.

So why is it called a “cold” planer? Because water is usually applied to the drum to reduce heat and dust.

Compact Track and Multi-Terrain Loaders

If you need to move dirt from one part of your work site to another, this equipment is for you. Not only can it haul dirt well, but its small size also makes it easy to maneuver around with its small size. As the same says, this piece of equipment can roam many types of terrain.

Compactors

The name says it all. If you need to compress or compact something, add a compactor to your fleet. There are many types of compactors to choose from. Some work in dirt, others work in landfill material and asphalt. Which type you need depends on the material you’re compacting.

Dozers

A dozer is the most classic piece of construction equipment. If you see a metal blade pushing large amounts of material, that’s a dozer. Dozers are best for pushing massive amounts of material in short distances.

There are two types of dozers, track and wheel dozers. Both perform the same task, but how they get around is different. The track dozer has tracks instead of wheels. These large tracks make it less likely to sink in the ground. Wheel dozers, like the name implies, have large wheels and can typically move material quicker than a track dozer. The type you need depends on the duties being performed.

Excavators

If you have medium-large jobs to complete then the excavator is for you. It’s like the backhoe loader but it can rotate a full 360 degrees and are often larger. There are mini excavators for smaller jobs, but they can do the same digging, lifting, as any other size.

Like with dozers, there are track excavators. Also like dozers, tracks are great for getting around any terrain while wheeled models move faster. Which one you need depends on the job being performed.

If you’re unsure which one to pick, please feel free to contact us today to see which type is for you.

Feller Bunchers

Suppose you work with mostly trees instead of dirt. If trees are your main concern, try a feller loader. Feller is another name for lumberjack, and as such, this machine has the manpower of several lumberjacks. The best part is they grab the trees as they work so doesn’t leave trees everywhere.  

Forwarders

After the trees have been gathered you can use a forwarder to load the trees up and remove them from the area.

Harvesters

If you want to one-up your logging power, consider a harvester. It can cut and gather trees like a feller buncher but can also strip the trees of their limbs.

Knuckleboom Loaders

Next up in logging lineup is the knuckleboom loaders. This machine is specifically designed to take the cut trees and load them onto a truck for transport. They do this with a knuckleboom. It’s called a knuckleboom loader because the boom bends and moves like the knuckle of a finger.

Loaders

There are two main types of loaders. Track, and wheel. Track loaders can work like a skid steer, like pushing, moving, and lifting, but with more room and material. As with all equipment that has tracks, it can distribute its weight evenly while it moves around any surface.

Wheel loaders handle the same jobs as other loaders, only in wheels. Because their weight is not eventually distributed, they can sink into the ground more easily and leave marks behind.

Motor Graders

Motor graders are commonly used to remove a layer in preparation for a new road. They can also move small amounts of soil from one spot to another.

Off-Highway Trucks

This truck is specifically designed for driving off-road. With a big bed, you can use an off-highway truck to remove material.

Skid Steer Loaders

The thing to note about skid steer loaders is the size. Smaller models are best for inside demo projects while larger models are for excavating projects.

There are also many attachments skid steer loaders can use to do everything from pushing to lifting.

Skidders

Are you working on clearing a wooded area? Do you have some wood you need to clean out? Try a skidder. There are types, cable, and grapple. Cable skidders use a cable to drag the cut trees out while grapple skidder uses a claw-like device to grab the trees.

Telehandlers

This type of equipment can lift things up with ease. It comes with many attachments that can make any lifting job easier than ever. Some of the attachments telehandlers can have are pallet forks, buckets, and lifting jibs.

Wheel Tractor-Scraper

These can scrape surfaces and collect what it scrapes. The scrapper’s sharp edge makes collecting scraper waste a snap. As the soil is scrapped up it moves onto a conveyor belt brings the material to a hopper or bowl.

Financing in Dallas, TX 6

Get the Equipment You Need from First Capital Today!

Are you a growing company in need of heavy equipment? Call us today at 888-565-6692 or contact us online. We will get the information we need from you, answer any questions you may have, and thoroughly explain the entire freight factoring process. Hopefully, as you ease your mind, we will be able to help you take care of your slow cash flow situation and get you on your way.

FAQs

Read below to see the answers to our most Frequently Asked Questions!

There are several ways you can apply:
  1. You can do your application over the phone with one of our advisors. Just call 8888-565-6692.
  2. You can download our credit applications HERE.
  3. You can submit your contact information online using our form. Then the next available advisor will reach out to you.

Yes! We have a wide variety of programs that are specifically for startups!

Depending on the type of equipment, and dollar amount, transactions can fund in as little as 24 hours. Again, this will depend if you and the equipment qualifies.

Yes, we do offer financing for used equipment. Keep in mind there are different guidelines for all programs and it’ll also depend on if the seller of the equipment is a dealer or private party.

Typical turn-around times are 24 hours, or sometimes even quicker than that!

In very rare cases, it may take longer due to the time of the year and volume of applications we are working on.

We offer a wide variety of financing programs for business owners.

The most popular is our equipment financing programs: Equipment Leasing & Equipment Finance Agreements.

We also offer Factoring (also known as “accounts receivable financing”) and working capital loans.

The majority of our programs are called “Application Only”, and that means no proof of income is necessary. Depending on the credit, time in business, type of equipment, industry, and the amount you’re seeking to finance we may need to see income. Proof of income can be as simple as your last three months’ bank statements.

One of the greatest advantages with leasing equipment, is the ability to obtain the necessary equipment with little to no money down.

It allows the business owner to preserve their cash, and to obtain new or used equipment by making monthly payments anywhere from 12 to 72 months.

Yes!

We have a wide variety of programs that is suited for business owners who have challenging credit. Like any other program, there are guidelines and there are too many variables to go into it here. The best is to have a conversation with one of our advisors to see what you may qualify for.

If the equipment is essential for your business, we can finance it!

For example, if you own a medical practice, we wouldn’t be able to finance a bulldozer for that type of business. But we can finance commercial vehicles, restaurant equipment, medical equipment, software, yellow iron, just about anything!

There are some instances where we wouldn’t be able to finance a specific type of piece of equipment, but it’s always best to call and speak to one of our advisors first.

Our finance rates are very competitive within our industry, and we’ll always strive to find the best suited program with the best terms.

The following are the type of leases First Capital Business Finance offers:

  • Equipment Finance Agreement (EFA)
  • Fair Market Value (FMV)
  • 10-20% Purchase Option
  • Dollar buyout ($1 out)
  • Term Residual (TR)
  • Sale-Leaseback (SLB)

Learn more by calling us at 888-565-6692!

A lease is a contractual arrangement where one person/business (lessee), the lender/owner(lessor), owns an asset and provides possession and use of the asset to another person, the lessee, for a fixed term.

The lessor is the legal owner of the asset/equipment and the lessee has the legal right to use the asset/equipment in exchange for rental payments.

An equipment finance agreement is an alternative to the traditional lease, and it is very similar to a loan.

  • Fixed monthly payments
  • Terms ranging from 12 to 72 months

The EFA terms and conditions is similar to a lease, but it is not a lease.

At the conclusion of the equipment finance agreement, you have no future financial obligations to the lender.

Unlike a lease, an EFA will not have a buyout at the end of the term; whereas, with a lease, there will usually be a buyout to own the equipment.

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