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Heavy Equipment Financing Services

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

Heavy Equipment Financing

For over forty years, Charter Capital has been a trusted source when it comes to for heavy equipment financing and construction equipment financing. Over the past four decades, we’ve worked with thousands of clients to identify and obtain the best heavy equipment financing solutions for their businesses. We’re fast, friendly and fair. Above all, we want to help you.

Here are a few examples of what we helped finance in the past:

Success for YOU means success for US. Our goal is to share our heavy equipment financing capabilities with you. As a family-run business, we want to build a relationship with you and your company. We’re not going to disappear when a deal closes. Instead, it paves the way for a partnership built on trust and reliability.

Ready to experience the Charter difference? We’re here to assist in any way possible. Contact us today and we’d be happy to share all the available options.

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 in order to grow, to remain competitive or to replace a piece of equipment that no longer does the job, then Charter Capital has the solutions for you.

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

  • new or used construction equipment
  • general machine equipment
  • cranes
  • yellow iron
  • bulldozers
  • scrapers
  • graders
  • forklifts
  • Excavators

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. Financing heavy equipment for the first time is no different. Questions such as which equipment financing company is trustworthy, what are the requirements, and how long will the entire process is going take are likely on your list of unknowns. These are all valid questions to ask if this is your first exposure to equipment financing.

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

Financing Equipment Can Reduce Costs Upfront

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

When looking at your account statements and future expenses, you must decide if purchasing heavy equipment upfront makes financial sense. If not, financing is a better option. By obtaining a 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.

There are Several Financing Options to Choose From

Financing with the right company comes with a lot of great options. For example:

  • You get to choose the payment plan that best fits your needs.
  • You may be able to take advantage of flexible payment. This means that you are still able to run your business while paying back the money you owe on a schedule that works for you.
  • If you are a smaller company or startup that simply does not have enough funding, then looking into financing is definitely a great option for you. By financing, you are taking one step closer to getting the capital 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 is daunting, just like construction equipment financing. Keep reading to learn about construction equipment financing, how to fund these endeavors with bad credit, and who your best heavy equipment funding option is.

Feel free to reach out to Charter Capital to learn about our flexible financing options. We are here to help your business thrive!

Obtaining Heavy Equipment with Bad Credit

You may not get 100% financing if your credit is less than ideal, so make sure before reaching out to a financing company that 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.

It Can Be Hard to Get Equipment Financing at a Bank

If you have had late credit card payments, defaulted on some loans or just a history of bad credit, it can be extremely hard to get financing. This is especially true if you are looking to finance heavy equipment, which usually comes with a hefty price. The reason why lenders may avoid financing your request is that they see lending to you as a great risk. They are reluctant to lend money to a business or individual that has a history of missed or late payments.

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

There are Creative Ways to Obtain Heavy Equipment Financing

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

Many businesses are in search of financing options during this time. From angel investors to partnerships with other businesses, an array of financing options are available. Read our 13 financing options article to learn more about these opportunities.

As always, you can call or message Charter Capital for insights on financing options that work best for you.

Connect with us and apply now