Bobcat Equipment Financing

The cost of Bobcat equipment varies depending on the type and size of the machine you need. Skid steer loaders, for example, can cost anywhere from $15,000 to $50,000. Mini track loaders typically fall in the $20,000 to $30,000 range, while all-wheel steer loaders can cost upward of $40,000.

Bobcat excavators typically start at around $100,000, while utility vehicles and compact tractors generally fall in the $20,000 to $30,000 range. Telescopic handlers are among the most expensive Bobcat machines, with prices starting at around $150,000. Cash rebates are best for reducing the immediate purchase price, but may not impact long-term financing costs.

Of course, the price of Bobcat equipment is just one factor to consider when making your purchase. You will also need to factor in the cost of financing, which will vary depending on your credit score, interest rates, and the type of financing you choose. Your purchasing power or credit power can significantly affect your ability to buy or finance Bobcat equipment, as stronger credit can help you qualify for better financing options.

What Credit Score is Needed for Bobcat Financing?

The credit score needed for Bobcat financing will vary depending on the type of financing product you are interested in and the amount you need to borrow. Generally speaking, the higher your credit score, the more options will be available to you, and the lower the interest rate you can expect to pay. The typical credit score needed to qualify for financing of new or used Bobcats is 640, though this can vary depending on the lender.

At Charter Capital, we specialize in helping businesses with all types of credit scores and levels of working capital secure the financing they need to purchase Bobcat equipment. Whether you have good credit or bad credit, we can help you find a financing option that fits your budget and helps you get the machines you need to grow your business.

Bobcat Financing Rates & Terms

Understanding Bobcat financing rates and loan terms can help you choose the right structure for your business. While rates vary depending on credit strength, time in business, equipment type, and whether the machinery is new or used, most equipment financing programs fall within predictable ranges.

Bobcat often offers promotional 0% APR for 24-60 months on select new models through manufacturer or dealer financing. To maximize your savings on interest, keep in mind that 0% APR financing typically requires high credit scores.

Typical Loan Terms

Bobcat equipment loans and leases commonly range from:

• 24 to 72 months for most compact equipment
• Up to 84 months for higher-value machines such as excavators or telescopic handlers
• Shorter terms for used equipment, depending on age and condition

Longer terms can reduce monthly payments, while shorter terms may lower total interest costs over time.

What Impacts Your Financing Rate?

Several factors influence your Bobcat financing rate:

• Personal and business credit profile
• Time in business
• Equipment age and condition
• Down payment amount
• Revenue and cash flow stability

Well-qualified borrowers may secure lower rates, while businesses with developing credit can still qualify through structured programs designed for equipment financing.

Loan vs Lease Structures

Depending on your tax strategy and long-term plans, you may choose:

• Equipment loans, where you own the Bobcat outright after payoff
• Equipment leases, which may offer lower upfront costs and flexible end-of-term options. Leasing provides lower monthly payments and is ideal for short-term needs or if you want to upgrade frequently. Leasing usually requires little to no down payment, preserving capital for other business needs. Leasing provides flexibility for upgrading equipment but does not offer ownership at the end of the lease term. Leasing structures can include simple operating leases with lower monthly payments or capital leases that may lead to eventual ownership. An operating lease is a simple long-term rental agreement with no option to buy the Bobcat at the end of the contract.
• $0 down or low down payment programs, subject to approval

Charter Capital works with numerous trusted lenders to match your business with the most competitive and appropriate financing structure available.

Bobcat Dealer Financing vs Third-Party Financing

When exploring Bobcat financing options, many business owners compare dealer financing programs with third-party equipment financing providers. Both can work, but they serve different needs.

Dealer Financing

Dealer programs are often convenient and may include promotional rates for new equipment purchases. However, they may:

• Be limited to new machines only
• Require stronger credit profiles
• Offer less flexibility in payment structures
• Restrict financing for attachments or add-ons

Third-Party Financing Through Charter Capital

Working with a third-party financing partner like Charter Capital offers broader flexibility:

• Financing for new and used Bobcat equipment
• Customized structures, including seasonal payment options
• Ability to avoid breaching existing lending covenants
• Flexible tax treatment options
• Financing for attachments, software, or bundled equipment packages

Financing Specific Types of Bobcat Equipment

Different machines serve different purposes, and financing structures can vary based on equipment type and usage.

Bobcat Skid Steer Financing

Skid steer loaders are among the most commonly financed compact machines due to their versatility. Because of their strong resale value, lenders often offer competitive financing terms. Both new and used skid steers can typically qualify for standard equipment loan or lease programs.

Bobcat Excavator Financing

Excavators represent a larger capital investment. Financing terms may extend longer to help maintain manageable monthly payments. For businesses expanding into larger-scale projects, structured financing helps preserve working capital while acquiring higher-value equipment.

Compact Track Loader Financing

Compact track loaders are frequently used in landscaping and construction. Financing may consider seasonal revenue cycles, particularly for businesses in regions with winter slowdowns. Seasonal or deferred payment programs may be available.

Used Bobcat Equipment Financing

Used Bobcat equipment can often be financed, depending on age and condition. Many businesses prefer financing used Bobcat equipment to keep their cash on hand for other purposes. Because Bobcat machines are known for durability, quality, and strong resale value, many lenders are comfortable financing pre-owned equipment, helping businesses lower upfront costs while still expanding capacity. Used Bobcat equipment is often thoroughly inspected to ensure quality and reliability before financing. Financing options for used Bobcat equipment can include leasing, hire purchase, and balloon financing programs.

How To Boost Your Approval Chances For Bobcat Financing

While there’s no one-size-fits-all answer to this question, there are a few things you can do to boost your chances of being approved for Bobcat financing during the application process:

• Maintain a good credit score: As we mentioned above, the higher your credit score, the more likely you are to be approved for financing. You can check your rating with one of the many credit rating agencies, such as Experian or Equifax.
• Have a strong business plan: Lenders will want to see that you have a well- thought-out plan for how you will use the Bobcat equipment to grow your business. Having a clear strategy and vision will help convince the lender that you are a good investment.
• Build up your business history: Lenders will often be more willing to approve financing for businesses that have been in operation for longer and have a strong track record of financial stability. If you’re a newer business, consider applying for a smaller amount to increase your chances of getting a loan for a compact track loader or other Bobcat equipment.
• Keep your debt-to-income ratio low: Your debt-to-income ratio will play a major role in determining whether you qualify for Bobcat financing. To avoid disqualifying yourself, try to keep your total monthly debt payments as low as possible. This will help increase your chances of being approved for a loan.
• Keep your business’ finances in order: When you’re applying for Bobcat financing, lenders will look closely at your records. To improve your chances of being approved, make sure your financial statements are up-to-date and accurate.
• Put down a larger down payment: A larger down payment shows lenders that you’re serious about repaying your loan, which can help boost your credit score and make you a more attractive candidate for funding.

Why Choose Charter Capital for Bobcat Financing?

When it comes to securing financing for your Bobcat equipment, Charter Capital stands out as a trusted and experienced partner. Here’s why:

1. Flexible Financing Options: Charter Capital offers a wide range of financing solutions tailored to fit your unique needs, whether you’re a small business or a large enterprise. From leasing options to business loans, you can find a plan that works for your budget and cash flow.
2. Maximize Return on Investment: Charter Capital helps you maximize your return on investment by offering financing and leasing solutions that may also be a more tax-efficient way to obtain the Bobcat machinery your business needs.
3. Fast Approvals: Time is of the essence when it comes to getting your equipment up and running. Charter Capital provides quick and hassle-free approval processes, ensuring you can access the funds you need without unnecessary delays.
4. Industry Expertise: With decades of experience in heavy equipment financing, Charter Capital understands the construction and agricultural industries. They know the value of Bobcat equipment and work with you to find the most favorable financing terms.
5. Competitive Rates: Charter Capital offers some of the most competitive interest rates in the market. This means you can finance your Bobcat equipment without stretching your budget or compromising other aspects of your business operations.

Bobcat Financing FAQs

What types of Bobcat equipment can I finance with Charter Capital?

Charter Capital offers financing for a wide variety of Bobcat equipment, including skid-steer loaders, compact track loaders, excavators, and more. Whether you need one machine or an entire fleet, we can help you secure the financing you need.

How long does Bobcat financing approval take?

Approval timelines can vary depending on the size of the transaction and the documentation required. Many Bobcat equipment financing applications receive initial decisions within 24 to 48 hours. Smaller transactions may require minimal documentation, while larger financing requests may involve a financial statement review. Charter Capital prioritizes fast approvals to help reduce project delays and equipment downtime.

Can startups qualify for Bobcat financing?

Yes, startups can qualify for Bobcat financing, although approval terms may differ from those of established businesses. Factors such as personal credit strength, industry experience, down payment amount, and projected revenue may influence the structure offered. In some cases, a larger down payment or shorter term may improve approval chances for newer businesses.

Can I refinance existing Bobcat equipment?

Refinancing Bobcat equipment is often possible. Businesses may refinance to lower monthly payments, improve cash flow, or consolidate debt. Equipment refinancing may also allow companies to unlock working capital by restructuring an existing loan. Approval depends on equipment age, condition, and remaining value.

Can I finance Bobcat attachments and accessories?

In many cases, yes. Financing can often include attachments such as buckets, augers, trenchers, grapples, and other add-ons purchased with the machine. Bundling attachments into your equipment loan or lease can help preserve cash flow and simplify monthly payments.

Is collateral required for Bobcat financing?

Most Bobcat equipment loans are secured by the equipment itself, meaning the machine serves as collateral. Additional collateral is typically not required. Lease structures may also use the equipment as the secured asset. Requirements vary depending on credit strength and transaction size.

Are seasonal payment options available?

Yes, seasonal or cyclical payment structures may be available for businesses with fluctuating revenue. Landscaping, agricultural, and construction companies often benefit from customized payment schedules that align with peak operating seasons. Structured financing helps manage cash flow during slower months.

What documents are needed to apply for Bobcat financing?

Documentation requirements depend on the financing amount and credit profile. Commonly requested items may include:

• Equipment quote or invoice
• Business bank statements
• Business tax returns
• Profit and loss statements
• Personal credit information

Smaller transactions may require only a short application and equipment details.

Can I finance used Bobcat equipment with lower credit?

Financing used Bobcat equipment with lower credit scores may still be possible. While rates and down payment requirements may vary, lenders often consider overall business stability, time in operation, and equipment value when evaluating applications.

Does Bobcat financing affect my existing credit lines?

Structured equipment financing can help businesses avoid drawing down traditional credit lines or breaching lending covenants. Because equipment loans are typically secured by the machine itself, they may preserve working capital and other borrowing capacity.

Can I get reimbursed for equipment I already purchased?

In some cases, reimbursement financing may be available for recently purchased equipment. This allows businesses to recover capital that was initially paid out of pocket and improve liquidity for other operational needs.

Secure Financing with Charter Capital Today

If you’re looking for fast, reliable Bobcat financing, look no further than Charter Capital. With fast approval times and rates that are often lower than those offered by traditional banks, we can help you get the Bobcat machinery you need to grow your business without the hassle of dealing with a traditional lender. We have a network of over 20 trusted lenders who are committed to being your partner for the long haul. Contact us today to learn more about our services, business loans, and leasing options.