Who applies for heavy equipment financing
Who applies? Excavation and sitework contractors, roadbuilders, demolition firms, crane and rigging companies, forestry operators and aggregate producers. The purchase trigger is almost always a contract: a subdivision to service, a logging block to cut, a highway section to grade. Lenders in this space read the project pipeline alongside the balance sheet, and a signed contract for the machine's work strengthens the file materially. We know that the costs associated with such equipment are considerable, and our job is to get the iron working in the interest of your clients while the payments track the revenue it produces.
Used iron, and why hours matter more than age
Used iron is the norm here, and hours matter more than age. A machine's service records, undercarriage condition on tracked equipment, and inspection reports drive what can be advanced. We finance auction purchases, dealer sales and private sales; on auction and private buys we run the lien search and pay out prior security so the machine comes to you unencumbered. Attachments are part of the asset, not an afterthought: buckets, hammers, grapples, mulching heads and quick couplers can ride on the same contract as the carrier.
Lease structures across a fleet
Structures follow the fleet logic. A $1-buyout lease builds equity in machines you will run for years, with capital cost allowance treatment; an operating lease keeps in-term payments deductible and returns the machine at term. Contractors whose season ends when the ground freezes can finance heavy equipment with seasonal payments so the winter months do not carry a summer machine's schedule. Cross-border operators can use our U.S. dollar programs when buying American iron.
How the application works
The application is three steps: identification, owner information, machine details with serial number and hours. Most heavy units sit above the $250,000 statements threshold, so have financials ready. If your purchase leans agricultural, the farm equipment financing page fits better; for a heavy equipment lease structured against a specific contract's cash flow, say so in the application and we will quote it that way.
