Bobcat Equipment Financing
Providing the best solutions for small and medium-sized businesses looking for Bobcat equipment financing opportunities.
When efficiently managing large construction and landscaping projects, having the right equipment is crucial. Whether you are hauling material for a building site, moving dirt and soil, or clearing trees and brush, Bobcat is a brand that is trusted to get the job done. However, purchasing Bobcat equipment can be a significant investment, especially for smaller businesses that may not have the funds to make such an outlay without securing financing.
At Charter Capital, we specialize in helping companies secure the Bobcat financing support they need to purchase their heavy machinery. Our team understands the unique needs of Bobcat operators, and we will work closely with you to determine your credit score and find a financing option that works for your budget. Whether you need a small loan or want to lease Bobcat equipment over several months, you can count on us for reliable service and competitive rates.
Here are some of the Bobcat machines we’ve financed in the past:
- Skid steer loaders
- Mini track loaders
- All-wheel steer loaders
- Utility vehicles
- Compact tractors
- Telescopic handlers
Any business that requires Bobcat equipment in their operations, from construction and landscaping companies to farms and small businesses, can benefit from Bobcat financing.
Our expert team of financial brokers will evaluate your business closely, considering factors like your credit history and accounting practices to find the right Bobcat financing product that fits you. Our flexible payment terms make it easier than ever to get started with Bobcat financing. So if you’re looking for fast, reliable Bobcat financing that’s well within your reach, contact the Charter Capital team today.
Some of our customers...
- are interested in the lowest rate.
- are interested in a specific tax treatment.
- want to avoid breaching existing lending covenants.
- are interested in the longest term.
- are interested in getting reimbursed for equipment they have already paid for.
- want seasonal or other cyclical structures.
- want to finance software.
- want us to give the seller a deposit before the equipment is shipped.
All of our customers want a fair deal at a fair price and no surprises.
How Much Does Bobcat Equipment Cost?
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 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 is 640, though this can vary depending on the lender.
At Charter Capital, we specialize in helping businesses with all types of credit scores 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:
- 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.
- 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.
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 equipment 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!