Ways to Finance Construction Equipment: Lenders and How to Qualify – NerdWallet

Construction equipment — like bulldozers, excavators, forklifts and cranes — is a huge investment for small businesses, and purchasing it outright oftentimes isn’t an option. Banks, the U.S. Small Business Administration and online lenders offer equipment financing through business loans.

The right choice for your business depends on your credit score, time in business, cash flow and down payment amount, among other factors. For heavy equipment financing, the machinery being financed typically functions as collateral, making it an attractive option for businesses with limited assets otherwise.

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