Up to $500,000 & Same Day Credit Decision

EQUIPMENT FINANCING

SAME-DAY EQUIPMENT FINANCING

Up to $500,000 & Same Day Credit Decision

GET THE FUNDS YOU NEED, WHEN YOU NEED THEM

As a contractor or construction company owner, you know that time is money. Delays in completing projects can cost you not only in terms of lost revenue, but also in damage to your reputation and relationships with clients. That’s why having the right equipment is crucial to your success.

But what happens when you need new equipment or repairs to your existing equipment and don’t have the cash on hand to make the purchase? Traditional financing options can take days or even weeks to approve, leaving you stuck in a holding pattern and potentially losing out on valuable business opportunities.

That’s where same-day equipment financing comes in. With this type of financing, you can get the funds you need quickly and without hassle. Whether you need to purchase new equipment or make repairs to your existing fleet, same-day financing can help you get the job done right, on time, and within budget.

LOAN REQUIREMENTS >

FINANCING OPTIONS FOR CONTRACTORS

The SBA (Small Business Administration) Loan Guarantee Program: Although the Small Business Administration (SBA) is not a direct lender, it works with participating banks and credit unions to provide financing to borrowers who may not qualify for a traditional bank loan. If your construction business has been operating for a while and you have a credit score above 680, the SBA Loan Guarantee Program could be an option to consider. Contact us to learn more about how we can help you secure the financing you need to take your business to the next level.

A Short-Term Business Loan: As a contractor or construction business owner, you need to access financing options that are flexible and can meet your specific needs. Short-term business loans from online lenders can provide the solution you’re looking for. With terms ranging from three months to three years, this type of financing allows you to borrow capital and repay it quickly, often resulting in a lower total dollar cost than with a longer-term loan. Don’t let a lack of funding hold your business back. Explore your options and secure the financing you need to grow and succeed.

A Business Line of Credit: Having access to quick and flexible financing can be a game-changer. A business line of credit, or Business LOC, is a popular way for contractors to access capital as needed, repay the amount borrowed, and access it again. The flexibility of a line of credit means that you can respond quickly to opportunities and have the peace of mind of knowing that you have access to the funding you need when you need it. Learn more about accessing a Business LOC.

Equipment Financing: When most people think of business equipment, they often think of the heavy machinery and tools that contractors use on a daily basis. However, the definition of equipment for contractors is much broader and includes items such as desks, computers, and other fixtures that are necessary to run a business. As a contractor or construction business owner, you understand the importance of having the right equipment to succeed. That’s why many contractors turn to equipment financing to fuel growth and fund opportunities for their businesses. Apply now to see if you qualify for same-day approval.

How Your Finance Partner’s can help you succeed…

A CONSTRUCTION CASE STUDY

BACKGROUND

Our client was a small construction company based Las Vegas, NV that specialized in building custom homes and renovating commercial buildings. They had been in business for over ten years and had built a reputation for delivering high-quality work, but they were struggling to keep up with the demand for their services due to outdated equipment. Their existing equipment was unreliable, and they were frequently experiencing downtime, which was impacting their productivity and profitability.

The client needed a loan to purchase new equipment that would allow them to complete projects more efficiently and reliably. They required a loan amount of $80,000, with a repayment period of 9 months. They also needed a loan with a low interest rate and flexible repayment terms that would not strain their cash flow.

THE LOAN

THE SOLUTION

We worked closely with the client to understand their unique needs and objectives. We analyzed their financial situation and recommended an equipment financing loan that met their requirements. The loan had a lower interest rate than a traditional loan and flexible repayment terms, making it easier for the client to manage their cash flow.

The client was approved for the loan, and we worked with them to find a suitable equipment supplier that met their specifications. They were able to purchase new equipment, including a backhoe, skid steer, and excavator, which would increase their productivity and efficiency.

THE RESULTS

The new equipment allowed our client to complete projects on time and with improved quality, resulting in increased business opportunities and positive word-of-mouth referrals. With the new equipment, they were able to take on more projects and complete them more efficiently. As a result, they were able to increase their revenue and profitability.

The loan was repaid in full within the five-year period, and the new equipment had a positive impact on their bottom line. They also reported improved employee morale, as the new equipment was more reliable and allowed them to work more efficiently, reducing employee frustration and stress.

At Your Finance Partners, we understand the unique needs of small businesses, and we work closely with our clients to find the right financing solutions to meet their needs. In this case, our equipment financing loan helped a construction company to overcome their operational challenges and achieve their business goals. If your construction company requires financing to grow and succeed, contact us to explore your options and secure the funding you need.