Financing Programs for Front Loaders & Wheel Loaders

Is your company in the market for a new or used front loader? If you would like to learn more about the type of financing programs available for this type of equipment, you’ve come to the right place. We encourage our clients to always have an idea of what type of equipment they are wanting and their budget. So you should be asking yourself if you’re in need of a wheel loader or track loader? What type of work will you be using the loader for?

For example, if you’ll be doing the majority of your work on hard surfaces like hard soil or concrete, you’ll most likely want a wheel loader. Or if you think you’ll be doing more work in more difficult ground conditions like loose soil or dirt, you’ll want to consider the track loader. Both of these have their benefits and drawbacks.

WHEEL LOADERS

  • Maneuverability is easier
  • Better to work on hard surfaces
  • Tire replacement is cheaper to replace compared to tracks
  • Wheels are faster than tracks

TRACK LOADERS

  • Turn Radius is better than wheels
  • Has better traction than wheels
  • Can cause damage to the ground
  • Can work in rougher conditions

Once you have decided on what type of equipment you need, we can then figure out what you are qualified for. If you haven’t done your research, you might be asking to get qualified for the wrong amount. We’ve had clients thinking they can get equipment for way lower than what the true market price goes for. If you have been doing some research you’ll notice the loaders have a huge range of prices.

So let’s first discuss the process we take with our clients, and what our qualifications are when it comes to financing any type of equipment, including a loader.

Steps to Financing a Front Loader / Wheel Loader / Track Loader

Step 1: Get an idea of what your budget is for this piece of equipment. As mentioned earlier, the prices on these can range anywhere from $10,000 for an older model with high hours and they can go upwards in the tens or hundreds of thousands of dollars.

Step 2: Find out what your monthly budget will be for the payment on this new piece of equipment. Surely you have an idea and some projections on how much your company will potentially make by adding this to your business. Keep in mind, we’re not looking for business plans nor are we asking for projections, but it’s a good idea to have these figures ready so you can go over the numbers and the monthly payments.

Step 3. Find out what you are prequalified for prior to searching. The easiest way to accomplish this is by either calling our office and speaking with one of our advisors, or you can chat with our help desk. Our help desk is typically open from 5am PST to 11pm 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 a front loader.

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 Front Loaders / Wheel Loaders / Track Loaders

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 payment. So we’ll list a few examples to give you an idea of 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
  • Sometimes income will also come into play

Available Programs

Please don’t forget, these are not ALL of the 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 months

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

  • $10,000 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 on 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 to 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

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Front Loaders & Wheel Loaders | First Capital Business Finance