Construction Equipment Financing Bad Credit

Financing bad credit purchases of heavy equipment many companies that need a heavy equipment loan or a construction equipment loan may not have a good credit rating.

Construction equipment financing bad credit. However bad credit certainly does not negate financing as an option for your business see below for companies that provide options for heavy equipment financing bad credit. Since the equipment is being used as collateral your credit score will only have a minor impact on your interest and terms. You may want to make note of the fact that having a bankruptcy on file can lessen your chances of getting a loan as can the fact that your business is less than a year. If your business has bad credit or less than perfect credit it s not impossible to get heavy equipment financing we offer an extensive range of bad credit business loans for business owners who want to start afresh.

We even consider additional collateral and co signors. Bad credit equipment financing challenged credit equipment financing start up equipment financing program. When you need to upgrade or replace construction equipment consider your heavy equipment financing options. 620 credit score all 20 owners must have a 620 credit score 0 12 months in business 20 000 max approval unless using real estate collateral or 20 down payment.

We offer customized flexible financing solutions for new and used construction equipment. Construction equipment is expensive and large however and it s not always possible to pay up front for new equipment. We believe in second chances and prefer helping the under dog to succeed. New companies that are in the infant stages usually have not had the opportunity to establish a good credit rating.

Approvals for clearpath s bad credit semi truck loan financing program and bad credit heavy equipment financing program can be accomplished in one of several ways. You ll be able to get the equipment you need without drawing upon the entirety of your business savings. While lenders typically only lend to borrowers with credit scores of 650 or higher our exclusive sources allow us to get you the equipment financing you need at the affordable rates you deserve. No time in business required.

By using your existing trucks trailers or heavy equipment with free and clear title we can get around almost any credit situation. Our bad credit construction equipment financing and leasing program looks beyond credit score and investigates the cash flow and the pending contracts for your established business. Still the lowest possible rates are typically given to borrowers with higher credit scores. Having the right equipment available can allow your company to take on new and bigger projects.

Can i get equipment financing with bad credit. Yes this product is available to borrowers with bad credit. We offer heavy equipment financing for bad credit and other bad credit business loans with our asset based direct lease programs.