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.

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


Post-Irma Rebuild Replacement Construction Equipment and Invoice Factoring

Construction Equipment Financing

Hurricane Irma is yet another in a string of extremely destructive 2017 hurricanes that has decimated homes, cars, businesses, and other property, not to mention people. Irma has claimed 42 lives so far, and the number is expected to rise. The devastation was vast. Twenty-five percent of all homes in the Florida Keys were destroyed by the storm. According to FEMA, only 10 percent escaped without home damage. Irma’s wind-speed reached a whopping 185 mph, making it a Category 5 Read More


Excavator vs Backhoe Financing

backhoe financing, excavator financing, mini excavator financing

Need Backhoe Financing or Excavator Financing? First Capital Business Finance can help you secure backhoe financing or excavator financing. Depending on your needs and the line of work you are in, you will want to choose one or the other. So how do you make that choice? Let the experts at First Capital Business Finance break it down for you. Below we discuss the differences between excavators and backhoes, so you can get a better idea of what would best Read More


Construction Equipment Financing: 7 Questions You Need to Ask

Construction Equipment Financing

If you are a business owner thinking about or looking for construction equipment financing, you’re not alone. In fact, 8 out of 10 businesses use financing to get the equipment they need. Financing is a safe, secure, and common way to get what you need when you need it. There a numerous benefits to financing, and people do it for a bunch of different reasons. It can be a bit overwhelming to start looking for construction equipment financing. Thankfully, First Capital Read More


Don’t Let Bad Credit Stop You From Getting a Construction Equipment Loan or Semi-Truck Financing

Construction Equipment Loan

  It may seem like an impossible feat to attempt to get business loans with bad credit. While it is true that the health of your credit score can affect your chances of getting a loan approved, bad credit does not have to mean the end of your business. Poor credit can signal a ton of things to a lender – lack of or poor financial management skills, not enough revenue, among others – but don’t allow them to define Read More


Don’t Buy Stolen Construction Equipment

dont buy stolen construction equipment

Keep Yourself Safe Did you ever think the construction equipment you’re buying could be stolen? It’s very unfortunate in today’s world there are people out there who are so desperate they’ll do anything to get some cash in their pocket. Yes, this includes stealing heavy equipment like excavators, skid steers, and backhoes. All it takes is a desperate thief to enter your property at the late hours of the night, pull up their truck, and within minutes they could be Read More


4 Benefits of Construction Equipment Financing

Construction Equipment Financing

Finance and Enjoy Your Equipment Building a construction business is hard without the help of construction equipment financing loans. Construction equipment doesn’t come cheap, either. In most cases, you need money to help purchase equipment to start your business. Of course, with the help of First Capital, you can enjoy the benefits for you and your business. So, you’re probably wondering how can financing benefit you. We have four benefits for you. Up-to-Date Equipment No one likes to use out-of-date equipment. Read More