Why Choose National Business Capital for Construction Equipment Financing
National has worked with construction companies like yours, and our advisors structure financing around the equipment you need. We lend from our own balance sheet and partner with capital providers when a different funding source makes sense. That gives you more flexibility when a project calls for a different financing approach.
Our advisors know that idle equipment costs money. We look at the project behind the purchase and build financing around when the equipment needs to start working. This approach carries into future equipment needs as your business takes on more work.
Term Loan vs. Line of Credit for Equipment Purchases
Contractors financing equipment often choose between a Term Loan and a Line of Credit. The right fit depends on how they plan to use the equipment. The table below shows where each option may make sense.
| Consideration | Term Loan | Line of Credit |
|---|---|---|
| Best fit | A single equipment purchase tied to a specific contract | Ongoing or unpredictable equipment needs across multiple jobs |
| Payment structure | Fixed schedule matched to the equipment's useful life | Draw and repay as needed, up to an approved limit |
| Funding speed | As fast as same day for eligible accounts | Funds become available after approval of the line |
| Common use case | Purchasing a crane or excavator for a specific project | Covering equipment rentals or smaller purchases across an active season |
How it works
Our Process for Funding Construction Equipment
- 1
We Start With the Equipment
National’s advisors learn what the equipment needs to accomplish before recommending how to finance it. A second excavator for a larger contract creates a different need than replacing an aging fleet before a slow season.
- 2
We Review the Purchase and Project
An advisor reviews the equipment cost and type. They also look at the project behind the purchase, then evaluate cash flow and growth to determine whether a Term Loan, Line of Credit, or another structure fits.
- 3
We Keep Funding Moving
Once your business selects a structure, National moves the funding through underwriting. Funds can reach eligible accounts in as fast as a few hours, with most transactions resolved within a few business days.
- 4
We Stay Available After Funding
An advisor stays available as your business takes on new contracts or needs more machinery. Many contractors return to National for a second or third piece of equipment after the first transaction.
National’s construction equipment finance solutions address the challenges of buying machinery for an active jobsite.
Contracts can require equipment on-site within weeks. We structure financing around the project timeline so you can get the machine when the job requires it.
Paying for equipment upfront can leave less cash for active projects. Financing lets you spread the cost while keeping working capital available.
Some machines depreciate quickly. We can structure repayment with the equipment’s useful life in mind, so the payment schedule fits the asset.
Construction revenue can vary throughout the year. Our advisors look at when you expect to collect revenue when structuring the financing.
Best Practices for Financing Construction Equipment
A few simple practices can help contractors choose financing that fits the job and the business.
Match the Term to the Equipment
Think about how long the machine will earn money for the business. If it supports one contract, a shorter term may make sense.
Check the Timing
Make sure the financing lines up with when the equipment arrives and goes into service. A machine can sit for weeks between delivery and actual use.
Plan Around Revenue
Look at when the equipment will bring in revenue and how that lines up with the payments. This matters when work slows down during certain times of the year.
Talk Through the Structure
National’s advisors can walk through these details during your funding conversation. We can help make sure financing fits the equipment and the project.
Things to Know About Our Construction Equipment Financing
National looks at more than the equipment price when reviewing a construction equipment financing request.
We Review the Equipment’s Useful Life
A machine with fewer productive years left may call for a shorter term than a new purchase. National’s advisors consider the equipment’s age and expected use when recommending a structure.
We Look Beyond the Credit Score
Advisors review your business’s current contracts and revenue trends. We also consider how the equipment will generate revenue, rather than relying on your credit score alone.
We Offer Financing Without Extra Collateral for Most Products
Most products do not require additional collateral beyond the transaction. They also carry no minimum credit score requirement.
We Do Not Require a Prior Denial
You do not need to apply elsewhere before seeking financing. Many contractors come directly to National because they want financing that fits their project timeline from the start.
Frequently Asked Questions
Yes. National finances both new and used construction equipment. The machine’s age and remaining useful life help determine the financing term.
Pricing depends on factors like the equipment cost and the structure selected. An advisor reviews your specific numbers before you commit to a structure, so you know the full cost before the transaction closes.
Once you accept a structure, funds move to your account and your advisor confirms the payment schedule with you. That same advisor stays your point of contact for future equipment needs, not a new representative each time.
National has funded more than $3 billion since 2007 and offers up to $15 million in financing. Our advisors review your equipment needs and project timeline to find the perfect fit.