Forklift Financing: Funding Forklift Machinery for Business

Charter Capital provides the best financing advice and solutions to help small and medium-sized businesses looking for forklift financing opportunities.

Forklift Financing Options

Starting or growing your building and construction business requires considerable financial resources that might not always be readily on hand for small- to medium-sized ventures. Heavy machinery, like forklifts, are priced at the thousands to hundreds of thousands, which is why business owners often delay expansion until a huge windfall comes in. Charter Capital can help make your growth happen now; no need to sit and wait. 

With more than 40 years of experience helping growing businesses with their equipment financing needs, Charter Capital knows what the typical pain points are and how to address them. We have over 20 partner lending agencies in our network with whom we forged alliances of mutual trust, so we are confident that we can connect you with a reputable lending provider that will fund you as you grow.

Financing a forklift is expensive, but we can help you get in now. Some of the machines that we can assist you with include:

  • pallet jacks
  • warehouse forklifts
  • side loaders
  • industrial forklifts
  • walkie stackers
  • telehandlers
  • rough terrain forklifts
  • counterbalance forklifts
  • electric motor rider trucks
  • narrow aisle trucks
  • pneumatic tire forklifts


Deciding whether or not to add new machines to expand your business’ capacity does not have to be difficult. When you have an experienced financial broker like Charter Capital by your side, you can purchase the heavy machinery that you need to take your business to the next level.

Contact the knowledgeable team at Charter Capital today to find out more about your forklift financing options. 

forklift 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 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.

Securing Forklift Financing Approval Even With Bad Credit

Having a credit score of less than 650 would often be seen as a risk that typical lenders shy away from, but business owners who want to build or expand their business shouldn’t lose hope. Having bad credit is not the end of the line for those who want an opportunity to do business better. 

Here are some tips to consider as a construction business owner looking for a forklift financing provider even with poor credit.

1. Be open to all options around you.

Talking to a bank or a lending provider might not be the only choice you have to finance your new forklift or any other equipment. Is there a way to secure the machinery that you need without having to take a straight loan? Would you be open to leasing a forklift instead? 

Leasing allows you to make use of the machines that you need for a predetermined period, after which you have the option to either return the equipment or to purchase it at a depreciated cost. If you don’t foresee your business needing a forklift long term, or if you’d rather have a new forklift every five years or so, equipment leasing might be better — and providers will likely be less nitpicky about your credit history as long as you have the capacity to pay your lease. 

Getting expert advice on equipment financing might also bring valuable insights on what your next steps should be. 

2. Get your documents in order.

If you have poor credit, that does not always equate to having a poorly performing business. Organize your profit and loss reports, financial statements, and cash flow reports so you can show potential lending partners that you have the capacity to meet your monthly commitments. 

Lenders also find having a comprehensive business plan beneficial for financing applicants looking for another shot even with a bad credit history. The business plan should have all the information on your goals and how you intend to achieve them when you have the machines that you need. Presenting a roadmap for your future will help lending providers understand your business better, so they can be more confident about giving you their support. 

3. Choose a financial broker that has industry experience.

Many businesses that have poor credit history feel that they don’t really have many options for forklift financing. In fact, some believe that bad credit leaves business owners with no choice but to agree to shady payment schemes with exorbitant fees. This shouldn’t be the case. If you work with an experienced financial broker who understands your business’ needs, you can acquire the easy forklift financing support you need even in challenging times. 

Charter Capital is one of the most trusted and reliable financial brokers who can connect you with the best forklift financing providers in your area. Whether you are about to start a new venture or want to expand your capacity, you can count on our expert team to help. 

Contact Charter capital today.

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