Equipment Financing for Construction.
Construction operators turn to equipment financing when mobilization capital for newly awarded contracts or heavy equipment purchases and fleet upgrades can't wait on a bank timeline. Summit underwrites the sector against time in business, not just two years of clean returns.
Equipment Financing for construction.
Finance excavators, trucks, attachments, and trailers with the equipment as collateral. Up to 100% financing including soft costs.
For construction equipment financing placements, expect amount of $25K – $5M, apr of 7% – 28%, term of 24 – 84 Months. Qualification typically requires time in business 0 – 24+ Months (start-up programs available) and annual revenue $150,000+.
- ◆Mobilization capital for newly awarded contracts
- ◆Heavy equipment purchases and fleet upgrades
- ◆Bridging retainage and AR collection cycles
- ◆Payroll and material costs ahead of progress draws
What to expect.
Equipment Financing · Construction.
Finance excavators, trucks, attachments, and trailers with the equipment as collateral. Up to 100% financing including soft costs.
Most construction equipment financing placements close in 3 – 10 days. Summit's desk routes the file to the lenders most active in this sector.
Invoice or quote from the equipment vendor. Last 3 months of business bank statements. Most recent business and personal tax return (for amounts over $250K).
Initial review is a soft pull. A hard inquiry only happens after you select an offer and proceed to closing.
Get equipment financing for your construction operation.
Indicative terms within 24 hours. No hard credit pull.
Begin Pre-Qualification →