Industries / Construction
The excavator earns from day one on site.
Heavy iron holds its value and its resale market is deep — which is exactly why lenders move fast on it. The equipment secures its own financing.
Where construction businesses feel the gap
- A job doesn't wait for a bank's timelineWinning a bid often means having the machine on site within weeks, not the months a conventional term loan can take to clear underwriting.
- Idle iron is a bill, not an assetA skid steer or excavator sitting in the yard still costs money in insurance and storage — it only pays for itself once it's moving dirt on a billable job.
- Seasonal contracts mean seasonal utilizationA strong build season can justify adding a machine, but the cash flow to prove it out doesn't show up until the work does.
- Rental fees add up faster than a paymentRenting the same piece of equipment job after job often costs more over a year than financing it — and at the end of a rental, there's nothing to show for it.
What this could look like
A site contractor financing a used mid-size excavator at $120,000 over 60 months puts the machine to work on day one instead of waiting on a rental queue. Because construction equipment holds a deep secondary market, it typically secures its own financing without pledging other collateral.
Illustrative example — not a quote
- Equipment cost
- $120,000
- Term
- 60 months
- Assumed rate
- 11.9% APR
Est. monthly payment
$2,663/mo
Assumes excellent credit profile. Rates and terms subject to final underwriting approval.
Apply with these termsThe machine pays for itself. Start it.
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