TRUST CAPITAL Blog

Got bad credit but still want a construction equipment loan?

Having no credit or bad credit is a major obstacle to acquiring a loan as you will be deemed as a high-risk customer who might default and leave the lender hanging. This usually results in rejections from traditional banks.

This can prove dire for construction companies for whom possession of new or updated equipment is a necessity. Especially for construction companies looking for equipment financing to buy equipment to help with hurricane clean up. Having the right equipment immediately is vital to seeing projects through.

So when your bad credit becomes the reason for your loan’s rejection, what would be the next advisable step? The answer to that question are bad credit construction equipment loans.