Automotive & Equipment
Business Funding for Heavy Equipment Operators
Heavy equipment operators work on big-ticket projects, but the machines they run cost serious money. A new CAT 320 excavator lists for over $300,000. A D6 dozer is close to $400,000. Owner-operators in grading, excavation, and demolition need to finance these purchases against project revenue that can be lumpy. One large site prep contract can make your year, but the gap between contracts can drain your reserves.
Common Uses
What Heavy Equipment Operators Use Funding For
- Purchase or lease excavators, dozers, loaders, and graders for active contracts
- Fund engine overhauls, undercarriage replacements, and hydraulic repairs on existing machines
- Transport equipment to remote job sites using lowboy trailers and transport trucks
- Cover operating costs between major contracts when machines are idle
Funding Options
Best Funding Types for Heavy Equipment Operators
Equipment Financing
Finance heavy equipment with terms up to 7 years. Lenders specializing in heavy equipment like CAT Financial, John Deere Financial, and Komatsu Financial know the residual values and can fund up to 100 percent of the purchase price on qualifying units.
Contract Financing
Borrow against signed contracts for site prep, excavation, or demolition work. Lenders advance a percentage of the contract value so you can mobilize equipment and crews without draining cash.
Equipment Refinancing
If you own equipment with remaining useful life, refinance it to pull out equity. Use the cash for operating expenses, new equipment down payments, or to bridge the gap between projects.
What Lenders Look For
Qualification Notes for Heavy Equipment Operators
Related Industries
Related Automotive & Equipment Funding
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