Patriot Always Finds a Way To Say Yes | We Will Get You Financed
Heavy Equipment Financing
Your company’s efficiency in terms of its day-to-day operation is commonly measured by the working capital that you have. Your working capital is calculated by subtracting your current liabilities from your assets. When you have positive working capital, it indicates that your business is able to stay financially viable and to meet its obligations.
It is vital for your business to be able to meet the operational needs that it has. It is common for construction businesses to need heavy equipment but not to have the working capital that they need to purchase it outright. If you are in this situation, you might want to consider heavy equipment financing through Patriot Financial LLC.
What Is Heavy Equipment Financing?
Heavy equipment financing is a way for you to retain the liquidity of your business will securing the capital that you need to make your heavy equipment purchase. It is a loan for which the equipment will serve as collateral. During the loan term, you will be required to make your monthly payments. When the term is up, you will own the heavy equipment and will be able to keep it or sell it.
Benefits of Heavy Equipment Financing
Heavy equipment financing offers multiple benefits to businesses. When you finance your equipment, you may receive up to 100 percent of the capital that is needed to purchase it. This may help you to retain your liquidity because you won’t have to use up your working capital to buy the equipment. You will be able to pay it off over time by making monthly payments until the loan’s term is up.
Understanding Heavy Equipment Financing Requirements
In order to secure heavy equipment financing, you must meet the requirements. We look at your credit, your business’s credit and the length of time that your business has been operating. We are able to offer financing to some business owners who have bad credit. We review each application on an individual basis in order to make our decision.
Types Of Construction & Heavy Equipment Financed
Patriot Financial LLC offers financing for a variety of different types of construction and heavy equipment, including the following:
- Concrete equipment
- Farm equipment
- Skid steers
Why choose Patriot Financial for Heavy Equipment Financing?
Patriot Financial is a leading financing and leasing company for both small and large businesses.
We are able to help your business to secure the heavy equipment that it needs so that you can remain operational. While banks turn down most equipment financing applications, we approve a majority of the applications that we receive.
To learn more about how we might be able to help, call us today. You can also simply complete our online application and wait to see if you are approved.