Financing a Skid Steer or Bobcat
Are you looking to finance a skid steer but you’re concerned about your less than perfect credit? If you’re in the market for a new or used skid steer, we have programs for both. Even for the credit challenged business owner that might have less than average to very bad credit, First Capital Business Finance has the ability to secure financing for almost every situation. We understand the importance of having the right tools and equipment to keep your business running full speed ahead. We make every effort to get you approved for your financing in the shortest amount of time.
Whether you’re in the market for a wheeled steer loader or a track skid steer loader, we have programs for both. It is a good deal to have an idea on what type of equipment you’ll be wanting to finance before hand. I’m sure by this point, you are already aware if you are wanting a wheel skid steer or a track skid steer. Depending on the type of work you plan on using it for, it will determine they type of skid steer you’ll need.
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 SKID STEERS
- Maneuverability is easier
- Better to work on hard surfaces
- Tire replacement is cheaper to replace compared to tracks
- Wheels are faster than tracks
TRACK SKID STEERS
- Turn Radius is better than wheels
- Has better traction than wheels
- Can cause damage to the ground
- Can work in rougher conditions
More Than One Solution
Unlike most equipment financing companies, First Capital Business Finance offers both equipment financing programs as well as working capital loans. What that means is, if for whatever reason you might not qualify for one of our equipment financing programs, we still have the ability with a more liberal program like our working capital business loan. With the proceeds, you can buy equipment, pay for marketing, expanded or remodel your place of business; there is no limitation to the use of the proceeds! This type of funding works hand in hand with construction companies who need to buy supplies and maybe make payroll. There are no limitations on how you spending your working capital.
Why use us to finance your next piece of equipment:
- Less than perfect credit or bad credit is not an issue
- Flexible terms up to 60 months
- Very minimal paperwork needed
- Approvals within 48 hours or less
- Excellent customer service
Steps to Financing a Skid Steer Loader
Step 1: Get an idea of what your budget will be 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 of thousands of dollars, especially if you plan on financing additional attachments.
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!
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
Skid Steer Financing