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.

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.

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.

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. 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.
3. 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.
4. 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

1. 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.

2. Can I finance used Bobcat equipment?

Yes, Charter Capital provides financing options for both new and used Bobcat equipment. Our flexible terms ensure you can choose the best equipment for your needs while staying within your budget.

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.