Table of contents
We compared construction equipment financing companies to find eight lenders that stand out for contractors buying or replacing machinery. Our team at National Business Capital used a weighted algorithm to score each lender and produce an overall ranking.
Ranking Algorithm
- Maximum Financing Amount (30%): The largest transaction each lender funds.
- Funding Speed (25%): How fast approved capital reaches your business.
- Required Credit Score (20%): The minimum credit score each lender accepts.
- Working Capital Options (15%): Whether the lender also funds other project expenses beyond equipment costs.
- Used Equipment Financing (10%): Whether the lender finances pre-owned machines.
Top 8 Construction Equipment Financing Lenders
| Rank | Lender | Max Financing Amount | Funding Speed | Required Credit Score | Working Capital Options | Used Equipment Financing |
|---|---|---|---|---|---|---|
| 1 | National Business Capital | $15M | Same day (eligible accounts) | None (most products) | Yes | Yes |
| 2 | Taycor Financial | $2M | 2 hours | 550 | Yes | Yes |
| 3 | Maxim Commercial Capital | $3M | Not published | Asset-based review | Yes | Yes |
| 4 | Commercial Credit Group | Not published | Not published | Asset-based review | Yes | Yes |
| 5 | First Option Capital | $500K | Approvals within hours | No stated minimum | Yes | Yes |
| 6 | Beacon Funding | $500K | 24 hours | 600 | No | Yes |
| 7 | Crest Capital | $500K | 24 to 48 hours | 650 | No | Yes |
| 8 | National Funding | $150K | 24 hours | 600 | Yes | Yes |
Top Construction Equipment Financing Companies: Descriptions and Reviews
1. National Business Capital
National Business Capital is a New York-based direct lender with 18 years of experience funding construction businesses. Its advisors evaluate each contractor's funding needs before recommending a financing structure, so a business buying an excavator can also cover labor costs due before the first progress payment arrives.
- Maximum Financing Amount: Up to $15M through direct cash-flow-based lending
- Funding Speed: Same-day funding for eligible accounts
- Required Credit Score: No minimum FICO score for most products
- Working Capital Options: Line of Credit and Cash Flow Financing for project costs
- Used Equipment Financing: Finances new and used equipment
Customer Review Summary
Business owners consistently describe National Business Capital's advisors as “extremely knowledgeable, never pushy and always sticking to their word.” One reviewer said the lender gave “various options to choose from” before their business committed to a structure.
2. Taycor Financial
Taycor Financial is an Irvine, California equipment finance company founded in 1997. It approves requests up to $150K within two hours of receiving an application and extends credit to businesses with limited operating history.
- Maximum Financing Amount: Up to $2M in equipment financing
- Funding Speed: Approvals within two hours for requests up to $150K
- Required Credit Score: 550 minimum credit score
- Working Capital Options: Working capital and business lines of credit available
- Used Equipment Financing: Finances new and used equipment
Customer Review Summary
Borrowers praise Taycor Financial, saying “the communication and response time was top notch.” They also say the team “answered every question without any runaround.”
3. Maxim Commercial Capital
Contractors with imperfect credit may still qualify for financing through Maxim Commercial Capital. Founded in 2008, the Los Angeles-based lender provides senior and subordinated financing up to $3M to small and lower middle-market businesses. It secures each transaction against hard assets.
- Maximum Financing Amount: Up to $3M in senior and subordinated financing
- Funding Speed: Not published
- Required Credit Score: Asset-based review open to contractors with less-than-perfect credit
- Working Capital Options: Cash-out term loans secured by equipment your business owns
- Used Equipment Financing: Lends against owned and pre-owned equipment
Customer Review Summary
Customers credit Maxim Commercial Capital for its “flexibility” and “proactive communication” across the full loan term. A startup owner said the team “processed an equipment loan quickly.”
4. Commercial Credit Group
More than $8B in equipment financing over 21+ years gives Commercial Credit Group a long track record in the industry. Based in Charlotte, North Carolina, existing customers account for more than 70% of its loans, showing that contractors often return as their fleets grow.
- Maximum Financing Amount: Not publicly disclosed
- Funding Speed: Not published
- Required Credit Score: Asset-based underwriting
- Working Capital Options: Working capital secured by equipment your business owns
- Used Equipment Financing: Offers a dedicated used equipment financing program
Customer Review Summary
Online reviews note that Commercial Credit Group's team “stayed on top of things from start to finish.” They also say the company explained lending in a “clear and straightforward way.”
5. First Option Capital
First Option Capital is an Irvine, California equipment financing and leasing firm that approves financing requests up to $500K within hours. It also provides working capital loans, so a contractor can finance a machine and fund early project costs through one lender.
- Maximum Financing Amount: Up to $500K
- Funding Speed: Approvals within hours
- Required Credit Score: No stated minimum
- Working Capital Options: Working capital loans available
- Used Equipment Financing: Finances new and used equipment
Customer Review Summary
Online reviews say First Option Capital “gets things done when others are not able to.” One customer appreciated how the team “took the time to evaluate what worked best for my business.”
6. Beacon Funding
Since 1990, Beacon Funding has financed used equipment for businesses across the country. The Northbrook, Illinois company offers Lease-to-Own programs that suit landscaping and hardscaping contractors adding skid steers or mini excavators to their crews.
- Maximum Financing Amount: Up to $500K in equipment financing
- Funding Speed: 24-hour approvals
- Required Credit Score: 600 minimum credit score
- Working Capital Options: Equipment financing only
- Used Equipment Financing: Finances used equipment
Customer Review Summary
Contractors say Beacon Funding “works relentlessly to fund a skid steer attachment” and describe the team as “easy to work with.”
7. Crest Capital
Crest Capital focuses on equipment financing and leasing, including remanufactured machines that cost less than new models. It funds requests up to $500K in 24 to 48 hours and requires no down payment on qualifying transactions.
- Maximum Financing Amount: Up to $500K
- Funding Speed: 24 to 48 hours
- Required Credit Score: 650 minimum credit score
- Working Capital Options: Equipment financing only
- Used Equipment Financing: Finances used and remanufactured equipment
Customer Review Summary
Borrowers describe Crest Capital's process as “incredibly fast and straightforward from start to finish.” They also said they never had to “chase people down for answers,” which made financing multiple equipment purchases easier.
8. National Funding
Established in 1999, National Funding has provided financing to small businesses. Based in San Diego, the lender finances new and used equipment up to $150K and offers separate small business loans for working capital needs.
- Maximum Financing Amount: Up to $150K in equipment financing
- Funding Speed: 24 hours
- Required Credit Score: 600 minimum credit score
- Working Capital Options: Small business loans for working capital
- Used Equipment Financing: Finances new and used equipment
Customer Review Summary
Customers describe National Funding as “easy to work with” and “fast.” They also praise specialists who “explained everything clearly” and “made the entire process simple and stress-free.”
Best Construction Equipment Financing for Repeat Fleet Growth
Best Construction Equipment Financing for Smaller Purchases
To request a PDF copy of this report, contact our research team.
ABOUT THE AUTHOR
Joseph Camberato is the CEO & Founder of National Business Capital, where he has led the company in funding more than $3 billion for growth-minded businesses since 2007. With firsthand experience building NBC from a startup into a national private lender, Joe writes on the economic forces shaping access to capital, including interest rate shifts, private credit trends, and the challenges mid-sized companies face when banks pull back.
