Construction and Heavy Equipment Leasing & Financing
Are you in need of construction, heavy equipment leasing, or financing? At Equipment Leases Inc., we specialize in customized financing and leasing solutions for companies of all sizes. Our expertise in construction equipment and heavy equipment financing makes us the go-to company for this type of financing.
Are you looking for construction or heavy equipment financing?
Regardless of your company size, the equipment you need is expensive. It works hard and eventually needs to be replaced.
At Equipment Leases Inc., we love to work with America’s builders. We can tailor a program that perfectly aligns with seasonal needs in one area of expertise.
New building projects will stretch your resources, but they are no match for our EXPERTS. We help general contractors, sub-contractors, and developers. We help you strike a balance between getting the necessary equipment and maintaining enough working capital for business growth and expansion.
Paying for equipment with cash drains working capital away from your business. And in most situations, it is not the wisest course to follow. Taking out a heavy equipment loan to buy it puts your company’s credit standing at risk. It usually entails expensive monthly payments and lots of extra fees.
A great alternative is construction equipment leasing. Equipment Leases is the equipment finance company you can trust to give you straight answers. We also offer Mining and Fracking Equipment leasing and IT equipment leasing to keep your office techs happy.
We cover almost any construction and heavy equipment financing, including cranes, bulldozers, excavators, etc.
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Get Heavy Equipment Financing for the Machinery You Need
Your small to medium business has more than likely experienced the frustration of needing new equipment and finding help to acquire it. It does not matter if it was due to poor credit rating or cash flow being low. Or it could be that you have to choose to have money for a large down payment or purchasing supplies. If you can’t get the necessary equipment and have the capital for supplies and other needs your business will never grow.
- Small to medium businesses are often not awarded contracts and miss out on opportunities—why? They do not have the equipment needed to do the job.
- To compete with larger companies, your company needs the right machinery for the job.
- Whether that job is building a road, a mall, or a bridge, it requires machinery that works.
- All contracting jobs have deadlines. Without the right equipment, your business might miss these deadlines and lose money.
Each of the following scenarios could be your company, but we have the solution with our financing for heavy equipment.
You have 4 or 5 dump trucks. That means they have to be split to bring in supplies and haul off debris. If one or two of those trucks break down, you will be behind on meeting the deadline, and your business will lose money.
What if you only have one crane machine? That means you have to keep moving it from one area of the job to another. Another crane means you won’t lose time every time you have to move the crane.
If your grader breaks down, what are you going to do? You will be down until it is fixed, and downtime equals money lost.
It doesn’t matter what type of machinery you need or the circumstances of that need. You can find relief with our heavy machinery financing. Our team truly understands the construction business.
Tired of dealing with brokers and middlemen? We lend with our own money, cutting out the unnecessary fees and delays. We are dedicated to providing first-rate heavy equipment financing solutions and advice. We know your top goal is to protect your bottom line, and we’re right there with you.
You can get approval the same day we get your application. With our process, you can typically take possession of the equipment the same day or the very next. Reduce downtime and increase the chances of meeting your deadline or finishing the job ahead of it.
What are the Benefits of Leasing Construction Equipment?
Leasing is also intelligent because it doesn’t impact your business’s credit standing; it’s a business expense. The experts at Equipment Leases can design a lease built around your budget and needs. As a direct lender, we have the power to approve your equipment leases and heavy machinery financing faster and more flexibly.
With a sizeable current portfolio and more than $200 million to invest in quality projects like yours, we are the leasing experts who can say YES to you. We have our guidelines and underwriters to kickstart this process.
With heavy equipment leasing, you can negotiate swapping the machinery for the newest equipment without the hassle of over-extending your capital.
Your equipment can’t keep up with demand if it is old and lagging in power. You can’t build a road if you don’t have the dump trucks, pavers, or graders that will get the job done. When it comes to construction work, your reputation is important, meaning you must do a great job every time. To do that, you need equipment that runs well, works hard, and
Here are some of the benefits of heavy machinery leasing:
- Leasing makes you competitive
- You can save money on down payment and monthly payments
- Negotiate terms to allow you to have more working capital
- Upkeep and maintenance can be negotiated in the lease
- Lease to own the equipment
- Updated innovative equipment for your business
- Tax break because leasing is an expense
- Does not harm your credit rating in anyway
Those are just the major benefits of leasing. Your small to medium business can save money by using Equipment Leases for your needed equipment.
Heavy Equipment Leasing versus Financing
Which is better, heavy equipment leasing or financing? Each has its advantages and disadvantages. First, let’s look at leasing.
Leasing has its advantages. The down payment and monthly payments are lower. You can negotiate the payments going on hold during the off-season or slow times of the year. You can also negotiate and trade equipment for more updated equipment as it becomes available without penalties or high refinancing rates.
Installation and servicing of equipment can be negotiated into the lease as well. Then there is the tax break because it is an expense, not an asset. That is the only disadvantage to leasing equipment; it is not considered an asset. That means you cannot use it to secure a loan.
With the experts at Equipment Leases, you will find the program that best suits your needs. Eight programs are available to get you the heavy machinery financing and leasing you need.
Let’s look at traditional heavy equipment financing through banks. It requires a large down payment, often 20%. The monthly rate is higher because it is figured out by the amount you finance plus interest and broken down over the term of the loan.
The term could be 60 months, for example. You are responsible for all the upkeep and maintenance of the equipment because it is considered an asset you have to claim on your taxes. If you need newer equipment, you have to sell this equipment first or try to refinance the loan to get the latest equipment you need.
Most small and medium companies find that leasing is their better option. It allows them to save their spending capital for supplies, advertising, and growing their business.
Our Financing Process
Our construction equipment financing process works like this: you fill out a simple, easy form and attach a few pieces of information. It only takes a few minutes.
Could you attach three months of bank statements, equipment invoices, and a copy of DL? We can approve them on the same day. It does not matter if your credit is excellent or poor. We have a solution that will work with your company.
We have eight funding programs that fit any business that wants to grow, from tiny to medium companies. These packages envelop finance opportunities for projects between $100,000 to $50,000,000. These leasing plans include small or medium businesses without an actual financial report.
Some of the funding programs include:
- The application-only program is ideal for projects between $100k and $ 250k. It requires two to three bank statements, a short application, and a personal FICO score above 680. Larger projects up to $ 50 million and well-prepared financial records will accelerate the funding of your more extensive project.
- Our other business lending programs include our asset-backed business loans. These asset-backed loans are ideal for sales companies. Companies spending millions on new inventory orders that tie up large amounts of cash can use this program. You send us the invoices, we pay for the inventory, and you pay us when it sells.
- Our program for poor or bad credit companies is second to none. If your company is poor, harmful, or has no credit, this program is the one you want.
We invite you to explore any funding programs that may work for your current situation. And let us go to work for you to get the deal put together. We would love to hear from you anytime.
Remember, Equipment Leases is your best choice for construction, manufacturing and heavy equipment financing and leasing. We can help you grow your business. We work with many industries, including:
- Manufacturing
- Food packaging
- Food processing equipment
- IT equipment leasing
- LED Lighting & Installation
- Material handling equipment
- Medical, dental & healthcare
- Mining equipment
- Office & TI equipment
- Oil & gas equipment
- Power generation equipment
- Renewable energy equipment
- Retail equipment
Choose the Proven Construction Equipment Leasing and Finance Experts
You want to choose the proven finance experts for your small or medium business. Equipment Leases is the Experts. Why us?
- Our specialty is funding business equipment needs with tailored programs.
- For the past eight years, we have put our expertise to work, helping small, medium, and Fortune 500 companies get the needed equipment.
- We treat our customers with top-rated customer service before, during, and after the project is approved and funded. In fact, our documents department is absolutely the best, no matter how busy they are.
So choose the experts in construction, heavy equipment leasing, and finance, and let us help you get the needed equipment. We have up to 6,000,000 in construction equipment leasing available.
The Heavy Equipment We Lease and Finance
- Bulldozers
- Compactors
- Diggers
- Cranes
- Dump trucks
- Excavators
- Surveying Equipment
- Jackhammers
- Backhoes
- Cement Trucks
- Tractors & Trailers
- Dragline Excavator
- Graders
- Wheel Tractor Scraper
- Trenchers
- Loaders
- Tower Cranes
- Pavers
- Compactors
- Telehandlers
- Dump Trucks
- Pile Boring Machine
- Pile Driving Machine
Imagine how much cash you could free up by leasing instead of buying. Plenty of other construction companies are already enjoying the perks of leasing their equipment, and there’s no reason you can’t join them. Apply now for heavy equipment financing.
Equipment Leasing Success
Case Study
Construction Equipment Lease $6,000,000
Caterpillar, John Deere, Komatsu, Terex, CNH Industrial, Cummins, and Liebherr are significant players in the industry. We have financed every name brand on terms as short as 24 months and as long as 84 months.
Can’t afford to purchase new equipment? You can lease used heavy equipment from us where money center banks will not. Our leases do not have hours or condition restrictions. You can use your equipment when, where, and how you want.
We provide the funding you make money!
We welcome the opportunity to provide financing on new units, but where we shine and do a great job is funding your used purchases. We lend with our own money, and no brokers are involved. That means quicker approval times, more flexible terms, and lower costs. Our in-house underwriting team follows our guidelines, not those of a bank.
Our last used finance option was $6 MM worth of used Terex equipment. We provided a 60-month Operating lease, and the customer leveraged a lower payment because of the equipment’s solid future and long-term useful life values.