Construction Equipment Financing For Construction Industry: By Liberty Capital
Liberty Capital uses a simplified online application process to get you the financing for construction companies. It requires minimal information to apply.
Compared our program to traditional lenders, our advantages to you include:
- Up to 110% equipment cost (soft cost, delivery, installation and taxes included)
- Up to $250,000 with a simple one-page application
- Up to $5,000,000 with financial statements
- Next-day funding approval
- Approved heavy equipment vendors
- 12 – 60-month fixed payment terms
- No down payment required for qualified borrowers
- Lowest Rates in the industry for qualified borrowers
- Eligibility for all new and used equipment financing
- Will not appear on personal credit reports
- No pre-payment penalties
- New or used construction financing
We’ve provided Construction Equipment Financing for construction industry who are mandated to upgrade such as construction equipment. We are a direct broker lender that specializes in the construction industry, so we can develop a customized finance solution geared to enhancing your property’s growth, image and bottom line.
Types of Equipment Financing
Construction company can choose from various financing options to acquire construction equipment, including:
- Equipment Loans: With equipment loans, practices borrow a specific amount of money to purchase construction machineries, which they repay over time with interest. The equipment serves as collateral for the loan, making it a secured financing option.
- Equipment Leasing: Leasing construction equipment involves paying a monthly fee to use the equipment for a specified period, typically two to five years. At the end of the lease term, you may have the option to purchase the equipment at its fair market value, renew the lease, or return the equipment.
Ask About Our Financing Promotion:
Ask About Our Financing Promotion:
Liberty Capital accommodates clients with to financing options that will yield very little working capital outlay.
Here’s our current promotion to save on cashflow.
- $99 for the first 6 months: Requires only $99 to start.
- 90-day Deferred Payments – $0 for the first three months
- Working Capital loans for short-term cashflow needs
- Fast approvals online application only up to $250,000, full financials above $250,000.00
- Other off-balance sheet financing – Fair Market Value, 10%
- Lease – $1 buyouts.
- Terms from 12 – 84 months
Frequently Asked Questions (FAQ) about Construction Equipment Financing
- What is construction equipment financing?
Construction equipment financing involves obtaining funding or loans to purchase or lease construction machineries for heavy project purposes. It allows construction facilities to acquire the necessary equipment without paying the full cost upfront. - Why should I consider financing construction equipment? It conserves cash, inflation buster and tax benefits.
- What types of construction equipment can be financed?
Yellow iron, heavy equipment, trucks, trailers and concrete equipment. - How does construction equipment financing work?
Construction equipment financing works similarly to other types of equipment financing. Construction facilities can apply for financing through lenders or leasing companies, who provide funds to purchase or lease the equipment. The facility then makes regular payments to the lender over a specified period, typically monthly or quarterly, until the financing is repaid. - What are the eligibility requirements for construction equipment financing?
Eligibility requirements for construction equipment financing vary depending on the lender and financing option. Typically, Construction Facilities need to have a stable financial history, good credit rating, and the ability to repay the financing. Lenders may also require collateral or personal guarantees. - What financing options are available for construction equipment?
Construction facilities can choose from various financing options, including equipment loans, equipment leasing, and vendor financing. Equipment loans involve borrowing a specific amount to purchase equipment, while equipment leasing allows facilities to use the equipment for a specified period with regular lease payments. - How long does the construction equipment financing process take?
The construction equipment financing process can vary depending on the lender and the complexity of the Financing Arrangement. In general, the process may take a few days to a few weeks from application to funding approval. - Are there tax benefits associated with construction equipment financing?
Depending on the financing structure and applicable tax laws, construction facilities may be eligible for tax deductions or credits on equipment financing payments. It’s essential to consult with a tax advisor to understand the potential tax benefits of construction equipment financing. - Can construction equipment financing cover other expenses, such as installation and training?
Some construction equipment financing options may include additional expenses such as installation, training, maintenance, and service agreements. Construction facilities should discuss these details with the lender to ensure all necessary expenses are covered in the financing arrangement. - Where can I find construction equipment financing options?
Construction equipment financing options are available through banks, financial institutions, equipment leasing companies, and specialized heavy equipment financing providers. Construction facilities can research and compare different lenders to find the best financing option that meets their needs and budget.
This FAQ provides general information about construction equipment financing and aims to address common questions construction facilities may have when considering financing options for purchasing or leasing construction machineries.
For specific inquiries or personalized assistance, it’s recommended to consult with a funding advisor or equipment financing specialist.
Apply now to get your business capital to grow. Call now 888-511-6223.
Liberty Capital Group, Inc. can do this under one roof. Over 20 years servicing small business with all types of funding. APPLY TODAY!
