Construction Equipment Financing
Fast, affordable financing for the equipment you need when you need it. Apply online today for interest rates and loan terms you’ll love.
No Money Down
Equipment Financing & Lines of Credit
- New or Used Equipment (1980+)
- All industries & Equipment
- Buy from any Dealer or Private Party
- 36-72 Month Terms
- Zero Money Down
- Same Day Funding
Construction Equipment Loans
The most well-known financial arrangements for purchasing equipment are used construction equipment loans. They usually contain a down payment and variable repayment terms. A used construction equipment loan frequently uses the equipment as collateral; however, the lender may impose additional restrictions and, in some cases, file a blanket lien against your business.
When your construction equipment loan is paid off, you own the equipment and can use it or sale it. Your duties to the lender are plainly fulfilled under these terms. Traditional used construction equipment cat loans typically result in the equipment being classified as a capital expenditure, which has an impact on your financial balance sheet and how you can depreciate it.
Used Construction Financing
Used construction equipment financing is a catch-all phrase that means you’re searching for a loan or an equipment finance agreement (“EFA”) to protect your important cash or working capital. Financing offers fixed monthly payments with various repayment options. There is no buyout clause in your used construction equipment finance deal, and you will have no future financial obligations to the lender.
Our equipment finance agreements, unlike bank loans, do not need any security other than the equipment. Furthermore, we do not accept blanket liens, demand you to maintain financial ratios, or include other conditions that are commonly needed by banks.
Used Construction Leasing
Leasing used construction equipment provides regular monthly payments as well, but it also covers 100% of the equipment cost, as well as any warranties/accessories and sales tax. Our used construction equipment leases, like an equipment finance arrangement, do not require covenants, blanket liens, or additional collateral.
Tax benefits are another advantage of leasing old construction equipment. We may customize your equipment lease to meet the Section 179 tax deduction criteria. Alternatively, we can structure your used construction equipment leasing in such a way that you can deduct the entire monthly amount. The main distinction between used construction equipment finance and leasing is the increased flexibility. At the end of a used construction equipment lease, you have three options:
- You can return the equipment and walk away.
- You can buy the equipment for a predetermined price (for example, $1.00, 10%, or Fair-Market-Value).
- You can keep making monthly payments until you decide whether to exercise the purchase option or return the equipment.
Used Construction Leasing
Leasing used construction equipment provides regular monthly payments as well, but it also covers 100% of the equipment cost, as well as any warranties/accessories and sales tax. Our used construction equipment leases, like an equipment finance arrangement, do not require covenants, blanket liens, or additional collateral.
Tax benefits are another advantage of leasing old construction equipment. We may customize your equipment lease to meet the Section 179 tax deduction criteria. Alternatively, we can structure your used construction equipment leasing in such a way that you can deduct the entire monthly amount. The main distinction between used construction equipment finance and leasing is the increased flexibility. At the end of a used construction equipment lease, you have three options:
You can return the equipment and walk away.
You can buy the equipment for a predetermined price (for example, $1.00, 10%, or Fair-Market-Value).
You can keep making monthly payments until you decide whether to exercise the purchase option or return the equipment.
Which Construction Equipment Financing Option is Right for Me?
We are here to assist you in determining if a construction equipment financing agreement or an equipment lease is the best solution for you. Our construction equipment financing and leasing professionals at Fields Commercial Finance are standing by to analyze your company’s project and demand to build the best option for you and your budget.
Why Fields Commercial Finance?
When you need an equipment finance company that understands your industry, you need Fields Commercial Finance. With experience in a wide range of industries, our team gives you a full range of equipment leasing and financing solutions. What distinguishes us is our focus on you, the client. We see ourselves as your partner, a trusted advisor who can help you make the best decisions. Give us a call today.
Our Service Area
We’re able to provide equipment financing throughout the country. We’ve been able to finance many deals in California, Texas, Florida, New York, Pennsylvania, Illinois, Ohio, North Carolina, Georgia, Montana, Mississippi, and more.
Contact us today and let’s talk about your equipment financing needs.