Heavy Equipment Financing for Any Industry

Last Updated on March 22, 2016

Whether you are a group of radiologists considering the purchase of new, potentially life-saving equipment or a construction company owner bidding on a large-scale contract, you are likely preparing to spend a substantial amount of working capital.

If a major equipment purchase is key to your business’ growth in 2019, you’ll want to consider the financing options available to you to determine the right fit for your patients and/or your enterprise.

construction worker getting heavy equipment financing for any industry

Bank Restrictions for Heavy Equipment Financing

If you have ever used a traditional lender, then you know the next step is to prepare to wait. There is no guarantee that your application will be approved, leaving you to wait for weeks or even longer.

Even if you have the fortune of being approved, the funds may not be made available immediately. The loan may also come with a caveat – banks may require that you lease or purchase your equipment from a vendor they have selected, not a vendor of your choosing.

Banks’ lengthy timeline alone will deter many company-owners who are seeking an improved cash flow as soon as possible. This is when a reputable alternative financing company should be considered as well.

Their application process is far shorter and does not require substantial documentation. Loan decisions are made quickly and are not usually based on the same stringent underwriting criteria as traditional financiers. Best of all, the money is made available quickly to borrowers who also have the freedom to select any vendor they wish.

How to Apply for Heavy Equipment Financing for Any Industry

If you are unfamiliar with the alternative financing industry, know that National is a leading alternative financing company that assists business owners to obtain the working capital they require to run their business or practice. Our Business Consultants will work with applicants from any size business in any industry.

We will assist applicants obtain heavy equipment financing through a specialized Equipment Financing program to locate the most effective option possible. For more information regarding our services please call us at (877) 482-3008, or apply online by filling out a simple 1-minute application to get the funds you need in as little as 48 hours.

National Business Capital & Services is the #1 FinTech marketplace offering small business loans and services. Harnessing the power of smart technology and even smarter people, we’ve streamlined the approval process to secure over $1 billion in financing for small business owners to date.

Our expert Business Financing Advisors work within our 75+ Lender Marketplace in real time to give you easy access to the best low-interest SBA loans, short and long-term loans and business lines of credit, as well as a full suite of revenue-driving business services.

We strengthen local communities one small business loan at a time. For every deal we fund, we donate 10 meals to Feeding America!

About the Author, Megan Capobianco

Megan is passionate about helping business owners along their journey - providing them with relevant content they can use in their day-to-day operations.

Disclaimer: The information and insights in this article are provided for informational purposes only, and do not constitute financial, legal, tax, business or personal advise from National Business Capital & Services and the author. Do no rely on this information as advice and please consult with your financial advisor, accountant and/or attorney before making any decisions. If you rely solely in this information it is at your own risk. The information is true and accurate to the best of our knowledge, but there maybe errors, omissions, or mistakes.