Can I get heavy equipment financing with bad credit?
Yes, you can, with First Capital Business Finance! We offer heavy equipment financing for bad credit and other bad credit business loans with our Asset-Based Direct Lease Programs.
While lenders typically only lend to borrowers with credit scores of 650 or higher, our exclusive sources allow us to get you the equipment financing you need at the affordable rates you deserve.
We can get you the equipment financing you need at the affordable rates you deserve – even with bad credit.
First Capital Business Finance knows there’s so much more to you and your business than your credit scores.
We’ve helped borrowers across the board:
- zero credit
- credit score in the low 500s
- bad credit
- tax liens
Read on below to learn more, and call one of our advisors today to pre-qualify for heavy equipment financing for bad credit and other bad credit business loans.
Asset-Based Direct Lease Programs
Equipment financing for bad credit or no credit borrowers
This program is specifically tailored for credit challenged business owners. This would include recent bankruptcy, tax liens, judgements, collections, and even previous repossessions. Having bad credit or no credit is no longer an issue when it comes to this aggressive asset-based program.
No Minimum Time Requirements
Most bad credit business loans or equipment financing programs require a minimum length of time in business before they’ll approve you.
That minimum is generally 2-3 years in business, in the same line of work you’re currently in. But First Capital is different.
We can get you equipment financing even if you’re a start-up.
We offer financing to both long-standing businesses and brand-new start-ups. Even if you’ve only been in business for one day, First Capital can help you get equipment financing for bad credit fast.
All Your Need is Your Bank Statements
It can’t get any easier than this. Our proof of income requirements only need your business bank statements for the past 3 months. That’s right: no tax returns, income statements, balance sheets. No endless mounds of paperwork.
no tax returns, no income statements, no balance sheets, no P&L statements, absolutely no mounds of paperwork
All that is required to get an approval is the last three months of business bank statements.
If you would like additional working capital, just submit an additional 3 months bank statements and we can get your business the extra capital.
Why are your requirements so easy?
A low credit score doesn’t necessarily mean you’re not trustworthy, nor does it mean you don’t deserve financing. Lenders can often ignore challenging credit if you:
- Get a cosigner
- Offer some sort of collateral
- Make a security deposit or down payment
- Prove your business is strong, with good profit and revenue
This is an asset-based program, which means one of two things:
- There needs to be extra collateral that can be used to cross collateralize with the financing that is being offered; or
- There needs to be a substantial security deposit made.
Get the Equipment You Want – No Matter Your Credit Score
You don’t have to settle for less with First Capital. Both NEW and USED equipment are eligible for equipment financing with bad credit!
Other eligible equipment includes:
- Commercial Trucks
- Heavy Equipment
- Yellow Iron
- Construction Equipment
This is by no means an exhaustive list, so please click here to see more equipment we finance. However, please understand that we finance almost anything and we offer an extensive range of bad credit business loans! The best thing to do is call us at 888-939-1036 and speak to an advisor. They will be able to tell you what we can finance!
Find Out if You Qualify for Equipment Financing with Bad Credit!
Don’t let your credit score keep you from running your business. It’s easy to pre-qualify for equipment financing with bad credit or for that matter any other bad credit business loans. Simply call First Capital at 888-939-1036 to speak with one of our advisors or contact us online. To learn more about our financing programs, please call us at 888-939-1036.
Bad Credit Equipment Financing | Equipment Financing for Bad Credit | Equipment Financing with Bad Credit | First Capital Business Finance