Heavy Equipment Financing Services

Sharing our expertise and solutions with small and medium business owners looking for construction and heavy equipment financing.

Heavy Equipment Financing

For over 40 years, Charter Capital has been a trusted source when it comes to heavy equipment financing and construction equipment financing. We’ve worked with thousands of clients over the past four decades to identify and obtain the best heavy equipment loans and leasing options for their businesses. As a premier heavy equipment financing company, we have the experience and knowledge to help you find the right financing plan for your business needs.

Heavy equipment can be a significant investment. That’s why it’s important to partner with a  financing company that can offer you the best options to fit your budget and needs. At Charter Capital, we offer a variety of heavy equipment financing solutions, including loans and leases, to help you get the equipment you need.

We’re fast, friendly, and fair. Above all, we want to help you. Our goal is to see you succeed and grow continuously. If you are in the Arizona area, you will find us when searching for “heavy equipment financing near me” or “top heavy equipment financing companies” online, but we also cater to clients beyond AZ. 

Some of the examples of heavy equipment financing programs we’ve supported in the past include: 

 

Your success is our success. We want to share our heavy equipment financing capabilities with you. As a family-run loan and leasing broker, building a relationship with you and your company sits at the core of everything we do. 

We’re not going to disappear when a deal closes. Instead, our equipment financing programs pave the way for a partnership built on trust and reliability. We have helped thousands of small and medium-sized businesses start or scale their ventures with various equipment financing solutions, heavy equipment loans included. You can trust that we will be here for you when you need us.

Finding the funds to purchase heavy equipment is no small feat, especially for small and medium-sized businesses — but it shouldn’t be complicated. That’s what Charter Capital is here for: to provide you with heavy equipment loan and lease options that are affordable and reliable. Contact us today to find out more about the heavy equipment financing solutions best suited for you. 

heavy equipment financing

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 to 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.

Construction Equipment Financing

If your company needs to acquire construction equipment to grow, to remain competitive, or to replace a piece of equipment that no longer does the job, Charter Capital has the solutions for you. 

Here are a few areas and types of construction and heavy equipment with which we can help you find financing:

 

The path to securing construction equipment financing does not have to be confusing. Prepare ahead of time so that you’re informed and ready to make a wise decision. 

About Heavy Equipment Financing

Doing anything for the first time is risky, whether it be getting a new job or founding your very first startup. Finding the capital for your heavy equipment is no different. Questions related to which equipment financing company is trustworthy, what the requirements are, and how long the entire application process will go are likely on your list of unknowns. These are all valid questions if this is your first exposure to heavy equipment financing and leasing. 

Heavy equipment finance programs can reduce upfront costs.

Buying heavy equipment upfront is not always a good idea. For many businesses, the money that would be spent to purchase the machines would be better used in another area of the venture that supports growth. 

When looking at your account statements and future expenses, you must decide if purchasing heavy equipment outright makes financial sense. If not, equipment financing is a better option. By obtaining a heavy equipment loan from a lender that understands your situation, you can manage your debt and avoid tying up a large portion of funds in machine purchases. Not all heavy equipment financing companies are the same. You will want to partner with a provider that is easy to work with, and that offers a wide array of options.

There are several advantages to heavy equipment financing.

Financing with the right company comes with a lot of great options, including:

  • Having the ability to choose a payment plan that best fits your needs and capacity.
  • Taking advantage of flexible payment schemes, which means you can still run your business while paying back the money you owe on a schedule that works for you.
  • Obtaining access to a wide network of trusted lenders who provide heavy equipment financing and leasing support.

 

If you are a small company or startup that simply does not have enough funding at the outset, then looking into heavy equipment financing is definitely a practical solution. By financing, you take one step closer to getting the capital that you need when you need it. This can be what differentiates a successful business from one that inevitably fails. View our equipment financing tips for startups for more information.

Financing heavy equipment can be challenging, just like construction equipment financing. Our mission at Charter Capital is to simplify the process for you and guide you along the way, so that your business can find success with the right heavy equipment loan or lease provider. 

Feel free to reach out to our team to learn more about our flexible financing solutions for heavy equipment and all other types of machines and furniture. We are here to help your business grow and thrive!

Financing Heavy Equipment With Bad Credit

You may not get 100% financing if your credit is less than ideal, so make sure that before reaching out to a financing company you know what your credit situation is. The reality is that a low credit score impedes the process of obtaining heavy equipment financing. Read on for some information on securing heavy equipment with bad credit. 

Preparing to apply for financing with a bad credit history

If you have had late credit card payments, defaulted on some loans, or have a history of bad credit, it can be hard to get financing for your business. This is especially true if you are looking to finance heavy equipment, which no doubt comes with a hefty price. The reason why lenders might avoid financing your request is that they see lending to you as a great risk. They are reluctant to provide equipment loans to a business or individual that has a history of missed or late payments. 

With that said, the key is to be prepared in all aspects. You need to do your research ahead of time and always be prepared with a good credit history. 

Creative ways to obtain heavy equipment financing

If your credit score prevents you from acquiring heavy equipment loans at a reasonable rate, think twice before stepping into a difficult loan agreement. It might take some time before you can build your credit up enough in the eyes of traditional lenders. While you’re at it, consider alternative financing options. 

Many businesses are searching for heavy equipment financing options during this time. From angel investors to partnerships with other businesses, an array of financing and leasing solutions are available — even if you have bad credit. Read our 13 financing options article to learn more about these opportunities.

Heavy Equipment Financing FAQs

Below are some of the frequently asked questions about financing heavy equipment:

What is the typical pricing for key equipment pieces?

The cost of the equipment will be one of the primary factors in your decision to finance. You want to make sure that you are getting the best deal on the equipment. Construction machines, for example, can range from a few hundred dollars to tens of thousands, depending on size, function, brand, and other factors. A tractor from Caterpillar would likely cost around $100,000, while a Bobcat skid-steer loader might cost $30,000.

How long does it take to finance heavy equipment?

The process of financing heavy equipment can vary in time, depending on the lender you are working with and your credit score. Typically, it takes anywhere from a few days to a few weeks to get approved for financing.

How much does it cost to finance heavy equipment?

The cost of financing heavy equipment will also depend on the lender you are working with and your credit score. However, in general, the cost of financing heavy equipment is relatively low.

What are the requirements for financing heavy equipment?

In order to qualify for financing, you will need to have a good credit score and a strong business plan. You will also need to provide the lender with some financial documents, such as your tax returns and bank statements.

As always, don’t hesitate to contact Charter Capital for insights of heavy equipment financing options that will work best for you. We are here to help you and your business succeed and can provide the best advice.