Tag Archives for construction equipment financing

A construction loan is a short-term loan used to finance the building of a home or another real estate project. A builder or home buyer takes out a construction loan to cover the costs of the project before obtaining long-term funding. Construction loans are considered higher risk. You will need strong credit and a down payment of 20% to 25%. The specific down payment requirement is determined by the cost of the land and planned construction. If you already own the land, you can use it as equity for your construction loan.

What Industries Will Thrive When We All Go Back to Work?

What Industries Will Thrive When We All Go Back to Work

In early March 2020, America was experiencing some of the lowest unemployment rates the country had seen in decades, coupled with a thriving stock market. While economists had predicted an economic decline for 2020 for a year or more, no one expected a pandemic would be the cause. In just a matter of weeks, the stock market crashed, and millions of Americans filed for unemployment or sought bad credit business loans to keep their livelihoods afloat. Despite this, some businesses are thriving, while Read More


5 Ways to Preserve Capital During Slow Times

Ways to Preserve Capital During Slow Times

During slow times, many businesses focus on preserving capital rather than taking out bad credit business loans (although loans can still be a smart option). However, the emphasis is usually on asking for rent relief and putting a hold on vehicle insurance. Here’s a look at these two approaches and three other ways to save money. 1. Ask Your Landlord for Rent Relief Communicate with your landlord sooner rather than later about rent relief. Landlords appreciate having the time to think through Read More


The 6 Top Construction Equipment Loans for Bad Credit 2020

Construction Equipment Loans for Bad Credit

A construction equipment loan is a great way to obtain the capital you need to purchase the equipment for your business. However, if your credit is that great, you may fear that a loan is out of your reach. Fortunately, some lenders recognize unforeseen circumstances that can blemish the credit of even the most promising small business owner. These are six of the best options for bad credit business loans. 1. Overall Top Option for a Construction Equipment Loan  Small business Read More


How To Manage Cash Flow for Construction Projects

Manage Cash Flow for Construction Projects

Working with a construction equipment loan provider plays a crucial role in managing cash flow. However, this is only one piece of a complex puzzle. Without proper cash flow management, companies may struggle to complete projects on time and within budget. Delays and change orders also cost money, which may affect company profits and client satisfaction. 1. Research Your Client The general advice in construction is for clients to double-check that contractors are bonded, licensed, and insured. However, construction companies Read More


Equipment Financing: How Does It Work?

contruction equipment financing

Think of construction equipment financing as a type of business loan. With this approach, a business does not have to make perpetual lease payments on equipment or tie up precious cash to purchase expensive equipment outright. For example, suppose you’re doing construction equipment financing. It lets your construction business obtain bulldozers, mini-excavators, dump trucks, motor graders, and other pieces of equipment right away without having to pay the full cost of each item immediately. This type of financing is a Read More


Is Business Equipment Financing Right for Your Business?

Equipment financing

Equipment financing is a popular option for obtaining the capital needed for business essentials. It offers many benefits for large corporations and small businesses alike. Is it the right choice for your company? Here are a few advantages that can help you decide: • Financing for businesses with poor credit • Flexibility for buying the equipment you want • Tax benefits for your business • Payment options that adapt to your cash flow • Large capital amounts for big-ticket items Read More


Equipment Financing 101

You’ve been thinking about equipment financing lately and you’re excited to get started. But as you sit down to start Googling you realize there is a lot of information out there. “How do I make sense of all this? Should I lease? Should I finance? How do I know what’s right for me?” If you have a lot of questions about equipment financing, not to worry. Below we’re going to go over the basics of equipment financing and what you Read More


Can I get heavy equipment financing with bad credit?

Bad Credit Equipment Financing

Heavy equipment financing with bad credit: does it exist? Yes! Is heavy equipment financing with bad credit affordable? Absolutely. Most business owners, at some point or another, need heavy equipment to start their business or need upgraded equipment to continue growing and improve their service quality. Do any of these sound like you? You’re ready to start your trucking business, and you have everything you need except one thing: a truck. Buying a new semi truck isn’t exactly cost-friendly, and you Read More


How to Get Cement Silo Financing

Cement Silo Financing

If you’ve been in the construction business a while you might be wondering about cement silos and if Cement Silo Financing is right for you. Before we talk about how to get cement silo financing, let’s first look at the different types of silos available. Are You Interested in Cement Silo Financing There are several types of cement silos to suit your needs. Different Types Are Available There are several types of silos available. The main three types we’ll be talking about Read More


Beyond Financing a Semi Truck: This Hat Could Save Truckers’ Lives

Semi Truck Financing

Semi truck drivers are often required to drive up to 11 hours in one day in order to make ends meet. Long hours spent on the road to make long trips can lead to drivers falling asleep at the wheel, often resulting in accidents and injuries. Ford wanted to help fix this problem. Here’s their super cool, technology-driven solution: Ford has created a trucker hat to wake sleepy drivers pic.twitter.com/hVLk0fKU8X — Tech Insider (@techinsider) November 7, 2017 Rules of the Read More