Truck And Heavy Equipment Purchase

From backhoes to bulldozers, from pavers to rollers, from dump trucks to 18-wheelers. Heavy equipment loans allow businesses to borrow money to purchase heavy machinery and make payments on a schedule rather than having to pay upfront.

• Loan amount $10K to $1M
• 12, 24, 48, or 60 months term
• Min credit score 650
• Start-up business OK
• No private sale
• Document needed: Application; and Invoice from the dealer showing equipment specs.

Pros:

• After payments complete you own the equipment
• If you have good credit and strong finances, you can get competitive rates.

Cons:

• May need a down payment.

Best for:

• Businesses in need of equipment with competitive financing rates.