Financing Options for Soil Compactors / Wackers

Are you looking to possibly rent or try financing soil compactors for your business? The construction industry is such a large space, with a wide variety of niches and we’re finding it to be very common that different types of construction industries have used for this type of equipment. From land graders, driveway and masonry contractors, road and highway contractors, and even landscaping companies. If you’re in the market to finance a commercial compactor, you should know your options before you start shopping.

We First Capital Business Finance offers a wide selection of financing and leasing programs for both new and used equipment. Financing your equipment is an excellent solution to preserve your capital. Have you done your homework? Do you know if this equipment will be needed for a longer period of time? If the equipment is going to be used for a short term, it might be best to rent the equipment. Just remember, you need to have a better understanding of the amount of work that will be done with this compactor. Some of our previous clients have told us they have been renting their equipment for over a year! After adding up the rental payments and miscellaneous fees, they could have owned one outright if they had financed it! So, make sure you have a good understanding what you’ll be needing this equipment for, and approximately how often you’ll be needing to use it.

used equipment and soil compactor financing options

Knowing what type of Soil Compactors, you will need

At this point, you are most likely aware of the type of compactors you’re going to need. If you know the differences between the type of saws, you can skip this part. We are just going to list a few different types of concrete saws, and their purposes.

  1. Vibrating Plate Compactors are used for surface areas that might not types of soil compactors and concrete bladeshave the ability to use larger compactors, and these are typically used for packing down gravel or more coarse soil.
  2. Rammer Compactors are more handheld and can be operated with one operator. These are used for smaller surface areas as well, and look very similar to a jackhammer but with a flat plate on the bottom. Because of the small size, this is great for smaller and tight working conditions.
  3. Smooth Wheeled Rollers can come with a single front steel drum roller or tandem with rollers in the front and the back. These machines are larger and used for larger surface areas that need smoothing more than compacting. The soil type would typically be soils that don’t need much compaction.
  4. Vibratory Smooth Wheeled Rollers are operated with two smooth steel drum rollers which will vibrate to help compact the soils. These are known for having better performance which in the end will yield a better return on your investment.

I only listed a few examples of compactors, there are different variations and hopefully, by now you’ll know if you will be needing to purchase or rent one. 

To be pre-qualified you can speak to one of our advisors, please call:

888-565-6692

If you have come to the conclusion, you’ll need a longer-term solution for this equipment, now you’ll need to make the decision if you will be buying this outright or if you’ll need some help with financing it. Depending on the type you need, a compactor can range anywhere from $1,000 and can be upward to $500,000.

For the more costly compactors, you might want to consider financing as an option. This will allow you to preserve your cash and will allow you to make affordable monthly payments.

We offer both traditional and non-traditional financing programs for those who have good and bad credit. Our programs start with the minimum amount financed at $5,000 and the maximum going to $2,000,000. We also can finance new or used equipment. Depending on what type of compactor you’re in the market for, it’s a good idea to contact us first and get pre-approved prior to signing any agreements or putting any type of deposit down with the dealer or seller.

Program Highlightsfinancing for soil compactors

  • Startup businesses are OK!
  • Challenging or Bad Credit is Ok!
  • No Income Verification Programs!
  • Income-Based Financing for Lower Credit Grades!
  • Get prequalified over the phone within 5 minutes, call 888-565-6692

After you’ve called us, and spoke with one of our advisors these are the steps needed to get the ball moving in the right direction.

 

The process is fast and simple:

Step 1: Pick out your equipment: even if you have to shop for a few online, we’ll need to know approximately what your budget is. If you already have a quote or invoice from the dealer, that’ll work just as well. (Keep in mind, if you haven’t picked one out or if you don’t have the time to find one, get an idea on the price and we can work with that)

Step 2: Know your numbers, whether you’re looking for a used $5,000 Wacker Neuson walk-behind or a $350,000 brand new smooth drummed Cat, you’ll want to be sure to have a budget set for this added investment. Depending on the finance amount, typically you will not need to have a business plan, nor would you need financials or tax returns. But before making a purchase, it’s wise to run some numbers and projections on the benefits of adding this asset to your books.

Step 3: Get pre-approved for financing prior to signing any agreement or paying any deposit. The last thing you want to do is back yourself in the corner by paying a deposit for this equipment and not being able to find the financing. Of course, we’re able to secure financing for the majority of our clients, but there are still some instances a client might not be able to proceed with the financing terms that are presented to them. If you have a few minutes, you should call us at 888-565-6692 and speak to one of our advisors. They can walk you through the simple process and address any questions you might have. Our chat help desk is typically open from 5 am PST to 11 pm PST 7 days a week. Once you’ve found out what you are eligible for, now comes the fun part… Start shopping!

Qualifications for Financing Soil Compactors.

We have a wide variety of programs for all credit grades, including start-up businesses. There are too many variables to list all of our programs on our website, so we strongly suggest speaking to one of our advisors. We can pre-qualify you within a few minutes by asking you a few simple questions.

Financing Programs for Soil Compactors

Depending on your scenario, you will see that we offer programs that will require anywhere from a zero down payment and some may require as high as a 50% down financing for soil compactorspayment if you have more challenging credit. So, we’ll list a few examples to give you an idea on what you can expect. As you might already know, there’s a lot that goes into pricing and qualifying a transaction:

  • Length of time in business
  • Credit history & credit score for the business owner(s)
  • Equipment type
  • Equipment age/hours/miles
  • Sometimes income will also come into play

Available Programs

*Please don’t forget, these are not ALL our programs we offer. If you don’t see something you qualify for, always give us a call and speak to one of our advisors. If you don’t feel like talking on the phone, our Chat Help Desk in the lower right corner of your screen can also help you.

Program 1

$10,000 Minimum Amount Financed

$150,000 Maxim Amount Financed

Equipment can be any age, no restrictions

5 Years’ Time in Business, Excellent Credit, Good Business Credit

Zero Down, 1 Month Advance Payments Due at Closing

Terms from 24 to 60 month

Program 2

$15,000 Minimum Amount Financed

$300,000 Maxim Amount Financed

Equipment must be 10 years or newer

5 Years’ Time in Business, Excellent Credit, Good Business Credit

5% Down Payment Minimum, Due at Closing

Terms from 24 to 60 months


Program 3

$5,000 Minimum Amount Financed

$50,000 Maximum Amount Financed

Equipment can be any age, no restrictions

Startup Business, Average Credit, No Business Credit

Zero Down, 1 to 2 Months Advance Payments Due at Closing

Terms from 24 to 60 months

Program 4

$10,000 Minimum Amount Financed

$150,000 Maximum Amount Financed

Equipment must be 10 years or newer

Startup Business, Average Credit, No Business Credit

5% Down Payment Minimum, Due at Closing

Terms from 24 to 60 months


Program 5

$10,000 Minimum Amount Financed

$75,000 Maximum Amount Financed

Equipment can be any age, no restrictions

Anytime in Business, Poor Credit, No Business Credit, Income Qualifications

10% Security Deposit Due at Closing

Terms from 24 to 48 months

Program 6

$10,000 Minimum Amount Financed

$400,000 Maximum Amount Financed

Anytime in Business, Very Poor Credit, No Business Credit, Recent Bankruptcy & Repossessions are Ok

50% Deposit Due at Closing

Terms from 24 to 48 months

Now that you have an idea of just some of our programs, which example do you fall in? It’s ok if you don’t know, that’s what our advisors are here for!

There are more details that go into qualifying, so it’s always best to either call our office and speak to one of our advisors, or you can use our help desk. If you look at the lower right of your computer screen, you’ll see a purple box that will allow you to chat with one of our professionals.

Feel free to call us anytime at 888-565-6692.

 

Financing Options for Soil Compactors | First Capital Business Finance