Common Financing Questions About Skid Steers
We know how important it is for your construction company to be well equipped and versatile enough to take on a wide range of jobs and contracts in your area and market. Most construction firms utilize a variety of different pieces of heavy equipment and construction vehicles to get the job done. A used skid steer, as you know, is a common need among most construction companies. As a small, versatile construction vehicle, it’s important for making day to day tasks on the job much easier.
When business is slow, or the offseason has arrived, it can sometimes be difficult to get the funding necessary to make repairs to equipment and vehicles or purchase new (or used) to keep up with the demand of most construction jobs. It’s an ongoing process.
What are the qualifications to finance skid steers?
Generally speaking, businesses that have fair credit will not have much of a problem trying to get skid steer financing. Skid steers, like other heavy equipment and small construction vehicles, do not have as of financing requirements as other pieces of equipment and larger vehicles. This makes it easier to get the best Bobcat skid steer for your operation with the least amount of hassle.
As a rule of thumb, the higher your business credit and lifespan is, the less issues you will run into. When business credit rating is lower, or when the business is much newer, financing companies will require certain amounts of collateral. In some cases, this is simply a security deposit. The amount can vary from as little as 10% to as high as the full value of the equipment you are trying to finance.
Can I get a loan for a skid steer to use at home?
It’s not uncommon for people to want heavy equipment and construction vehicles to use on their own home projects. One of the popular “residential” skid steer uses is to plow snow during the winter, or to move dirt or mulch across the property. However, most financing firms are going to look for a form of revenue to pay off the provided skid steer loan.
It’s not impossible, it’s just less common, to find skid steer financing for a skid steer you can own at home. An alternative to getting a loan is to simply rent a skid steer when you know you’re going to need it most during a big project, or to find rent to own skid steer programs that might be flexible enough with your situation.
How long does it take to get financed for a Skid Steer?
The time it takes to get the financing you need for your skid steer can vary based on a number of factors, like your credit rating, the day of the week the application is submitted, and whether or not there are additional questions that need to be asked regarding you or your business.
If you need skid steer financing and don’t want to have to deal with the hassle of untrustworthy, shady financing firms, contact us today at 866-458-4777. Or fill out the form on the right.
Not only do we work with our clients from a financially ethical point of view, but we do our best to help businesses of all sizes qualify for additional financing. We will work together to find skid steer financing rates that are fair and affordable based on your business’ financial situation.
A Broad Range of Skid Steer Financing Solutions for Skid Steer Operators…
Whether replacing outdated or failed skidsteer equipment, expanding or simply taking advantage of an opportunity to surpass competition, Trust Capital has seen it all and can create a solution that minimizes cost and maximizes return. Trust Capital makes leasing FAST....EASY....FLEXIBLE skid steer equipment financing.
In addition to Standard Leases* on skid steer equipment we offer Flexible Payment Plans for qualified skid steer operators and Skid Steer vendor programs.
- $99 for the first 6 months: Requires only $99 to start.
- 90 Day Deferral: Offers payments of only $0 for the first three months.
- Seasonally Varied: Matches payment plans to a business' uneven cash flow
- "0% Interest" for 24 Months with a 20% buyout (restricted to specific logging equipment)
- "Stepped Down" Leases: Payments mirror the declining value of the logging equipment
- Customer Specific structures are also available
- *Standard products offer Fair Market Value, 10% and $1 buyouts and terms from 12-84 months
Our Widened Credit Appetite offers skid steer financing to all levels of credits, as well as younger construction companies.
If you are in need of financing for your business, we invite you to contact us toll free at (866) 458-4777 or Fill out the quick form on the right and one of our specialist will contact you.
Skid Steer Financing. Simplified.
We know that your time is valuable. The loan search can be long and difficult, so Trust Capital uses a simplified application process to get you the financing that you need as fast as possible. Compared to traditional lenders, our advantages to you include:
- 100% purchase financing.
- Up to $250,000 with a simple one-page application.
- Up to $10,000,000 with financial disclosure.
- Next-day funding with pre-funding available.
- Deferred payment options and terms up to seven years.
- No down payment requirements.
- Same day approvals.
- Eligibility for all new and used skid steer purchases.
- No pre-payment penalty.
Get Started Today!
Our application process is easy. Simply fill out our quick, online application and start the process of securing financing for your business. Our knowledgeable finance experts are here to assist you in obtaining the best equipment financing loan. If you are in need of a equipment loan for your business, we invite you to contact us toll free at (866) 458-4777 and discuss your equipment needs with our equipment financing specialists.
For a quick financing quote click here and we'll send you a custom tailored financing quote subject to credit approval.
Preferred Skid Steer Vendors
We have utilized our years in business, experience with skid steer vendors, and formal resources to weed out equipment vendors that are not well suited for our customers. To that end, we have found some very reputable, strong, and successful skid steer vendors we are happy to share with you.
If you would like Trust Capital to provide you with a list of reputable equipment vendors in your area, we ask that you please visit our Skid Steer Equipment Locator page and fill out the short form.
