Can I Get Mini Excavator Financing?

finance mini excavator financing

Does Your Business Need to Finance a Mini Excavator?

Do you need to mini excavator financing? Whether you’re looking to buy new or used, you’re most likely on our site to learn more about financing options. We encourage our clients to always have an idea on what type of equipment they need, as well as their budget. From there we can find out what they are qualified for, and then go out and find the right piece of equipment. If you haven’t done your research you, you might be asking to get qualified for the wrong amount.

I’ve had clients call me thinking they can get equipment for way lower than what the true market price goes for. As you probably know already, mini excavators have a huge range of prices. New or used, and with all the attachments that can be added to the purchase, these machines can definitely rack up the price. So let’s first discuss the process we take with our clients, and what our qualifications are when it comes to mini excavator financing.

Steps to Mini Excavator Financing

  1. Get an idea on what your budget is for this piece of equipment. Like mentioned earlier, the prices on these can range anywhere from $5,000 for an older model and can go upwards in the tens of thousands of dollars for new ones.
  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.
  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 Mini Excavator Financing

We have a wide variety of programs for mini excavator financing, at all credit grades, including start-up businesses

Monthly Finance Payments for Mini Excavators

Depending on your scenario, you will see that there are 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 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
  • Sometimes income will also come into play

Are You Eligible to Finance a Mini Excavator?

Now that you have an idea on where your payments might fall, which example do you fall in? There are more details that go into qualifying for mini excavator financing. It’s always best to either call our office, speak to one of our advisers, or 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 contact us online, or call us anytime at .

(888) 565-6692


Payments & Terms

Here are a few practical examples on what it takes to finance a mini excavator for your business.

Example A: Used Mini Excavator $20,000
  • 5 Years’ Time in Business, Excellent Credit, Good Business Credit
  • Zero Down, 1st & Last Months Payments Due at Closing
  • 36 months: $690
  • 48 months: $535
  • 60 months: $440
Example B: Used Mini Excavator $20,000
  • Startup Business, Average Credit, No Business Credit
  • Zero Down, 1st & Last Months Payments Due at Closing
  • 36 months: $829
  • 48 months: $679
  • 60 months: $589
Example C: Used Mini Excavator $20,000
  • Startup Business, Less than Average Credit, No Business Credit
  • Zero Down, 1st & Last Months Payments Due at Closing
  • 36 months: $979
  • 48 months: $849
  • 60 months: $770
Example D: Used Mini Excavator $20,000
  • Anytime in Business, Poor Credit, No Business Credit, Income Qualifications
  • 10% Deposit Due at Closing
  • 36 months: $980
  • 42 months: $920
  • 60 months: $NA
Example E: Used Mini Excavator $20,000
  • Anytime in Business, No Recent Poor Credit, No Business Credit, Income Qualifications
  • 10% Deposit Due at Closing
  • 36 months: $934
  • 48 months: $NA
  • 60 months: $NA
Example F: Used Mini Excavator $20,000
  • Anytime in Business, Very Poor Credit, No Business Credit, Recent Bankruptcy & Repo Ok
  • 50% Deposit Due at Closing
  • 36 months: $588
  • 48 months: $520
  • 60 months: $NA

Can I Get Mini Excavator Financing? | First Capital Business Finance



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