Construction companies need access to a wide range of equipment. Whether you need excavators, bulldozers, or something more specialized, acquiring necessary equipment can be overwhelming and expensive. Construction equipment finance options offer your company a solution for getting the equipment you need to stay competitive and grow your business. There are also additional benefits when it comes to alternative finance options.
Immediate access to equipment
Construction companies that partner with Equify Financial often receive same-day funding. Our quick application and approval process helps you acquire the specific equipment you need to get the job done.
Access to specialty equipment ensures that projects stay on schedule, avoiding interruptions and unnecessary delays. Keeping projects on track keeps customers satisfied, builds your business’s reputation, and can lead to referrals and other opportunities.
Timely equipment upgrade options
Construction equipment finance through a trusted independent lender gives your company access to the latest and most up-to-date equipment without needing the funds upfront. The latest models of specialty construction equipment are often the most expensive on the market and can be out of reach for many companies. Financing allows your company to acquire better equipment and purchase multiple machines, which might otherwise be impossible.
Using asset equity can provide your business with cash for reinvestment. This approach can help fund equipment upgrades or cover significant purchases, ensuring you have access to necessary resources.
Expanded business opportunities
The types of jobs and opportunities available to construction companies depend heavily on their equipment capabilities. By adding new equipment to your fleet, your company can expand into different areas and markets. Expanding your fleet opens opportunities by turning a potential “no” due to lack of equipment into a “yes” because you now have the equipment to meet customer demands.
Cash flow preservation
Investing in equipment is a significant capital expenditure that can be risky if there is an unexpected economic downturn or a decrease in available jobs. Financing equipment allows your company to preserve cash, save for the future, and reduce stress related to unforeseen expenses.
Flexibility at purchase, and beyond
With construction equipment finance opportunities through Equify Financial, you can choose from many flexible options. Whether you’re considering an equipment loan or lease, each financing option allows your company to spread the payments over time, improving cash flow throughout the year.
The added benefit of an equipment lease is that it won’t increase your apparent business debt load, but a rental purchase option (RPO) means you can still buy the leased equipment if you need to add it to your fleet permanently.
Keep your competitive edge with Equify Financial
Companies that adapt to the ever-changing construction trends and market demands avoid losing to the competition. Upgrading equipment through Equify Financial structured finance solutions helps our customers stay current with trends and ensures they have the latest necessary features.
When you’re ready to expand your business and need a construction equipment finance partner, turn to Equify Financial. We’re here to help you get the financing you need to take your construction company to the next level.