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The scenario is familiar, your construction business needs a backhoe, skid steer, dump truck or any other type of heavy equipment. Having one will cut future building costs by eliminating at least one sub-contractor. Scheduling may also be easier to manage producing a shorter timeline which is also a cost-saving. Construction equipment, even used machinery, however, is not inexpensive.
Few contractors would have the working capital to purchase outright or to rent equipment. A solution is heavy equipment financing enabling business owners to keep some degree of liquidity while (literally) moving their business forward. The following is what you’ll need to know or plan to discuss with your lender.
You already know what equipment you need and what it is for. We mean your financial requirements relative to your prospective loan terms. A better understanding of what you want to pay monthly and how, will assist your lender to locate the right funding option for you. Questions to ask yourself include:
National Business Capital establishes long-term financial relationships with every one of our clients. We earn your trust by delivering on our promise to treat you and your business as if it is our own.
Your success is our success. Start a conversation with us today and learn how we will strive to find the right funding your business requires to thrive: (877) 482-3008.
Or, apply now by filling out our 60-second online application, and get the funds you need in as little as 48 hours.
National Business Capital is the #1 FinTech marketplace offering small business loans and services. Harnessing the power of smart technology and even smarter people, we’ve streamlined the approval process to secure over $1 billion in financing for small business owners to date.
Our expert Business Financing Advisors work within our 75+ Lender Marketplace in real time to give you easy access to the best low-interest SBA loans, short and long-term loans and business lines of credit, as well as a full suite of revenue-driving business services.
We strengthen local communities one small business loan at a time. For every deal we fund, we donate 10 meals to Feeding America!
Megan is passionate about helping business owners along their journey - providing them with relevant content they can use in their day-to-day operations.