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Did you know contractors can get better bids on big projects with the right financing for excavators? National Legacy Capital Group offers high approval rates and quick funding. They make sure contractors get the equipment they need fast and without breaking the bank.
Did you know contractors can get better bids on big projects with the right financing for excavators?
In the tough construction world, knowing how to get the right funding for excavators is key. With excavator financing, contractors can keep their cash flow steady. This lets them buy the equipment they need to work faster and better.
Companies also get tax breaks under Section 179, making financing heavy equipment a smart move. National Legacy Capital Group offers high approval rates and quick funding. They make sure contractors get the equipment they need fast and without breaking the bank.
Financing heavy equipment like excavators can change the game for contractors. It lets them tackle big projects without using up all their money. Let's look into what excavator financing is, the different options, and why it's key for contractors.
Excavator financing helps make buying expensive construction machines easier. It includes excavator loans, leases, or lines of credit. These options let businesses pay over time, not all at once. This keeps money flowing and makes big purchases more manageable.
Renting an excavator can cost up to $5,000 a month. So, owning one through financing is a good choice.
Contractors have many ways to finance excavators:
Used mini-excavators cost between $15,000 and $30,000. Full-size used ones are $50,000 to $250,000+. Choosing the right financing can save a lot of money.
Getting construction machinery financing is very important:
In the US, most excavator buyers finance their purchases. This is because excavators hold their value well. Financing terms are flexible, making it easier to manage costs.
Having a good business history and credit score helps get better financing. Lenders want a personal FICO score of +640. But, they might accept lower scores with bigger deposits. They also look for businesses with at least two years of history and on-time payments.
National Legacy Capital Group is a leader in contractor equipment funding. We offer business financing solutions made for the construction industry. This ensures contractors get the financial support they need to finish their projects.
We focus on quick approval and funding to meet contractors' tight deadlines. We know that getting the right funding can make or break a project. Our construction equipment loans are designed to help you stay on track.
National Legacy Capital Group tailors financing to meet each contractor's needs. We offer flexible repayment terms and payment plans that fit your cash flow. This way, we help construction companies manage their finances well.
Our interest-only payment plans and affordable monthly options are unique. They're great for the early stages of a project when money is tight. With these plans, contractors can manage their finances better and get the equipment they need.
Starting the financing application process for excavators is straightforward. At National Legacy Capital Group, we aim to make it easy and quick. This way, we ensure your funding needs are met without delay.
Getting financing for excavators is easy. Our construction equipment funding application has clear steps. This makes your experience smooth and hassle-free.
To speed up your construction equipment funding application, have these documents ready:
We aim to make the process from application to funding quick. Here's what you can expect:
With these steps and documents, your financing application process will be clear and efficient. This makes it easier to get the excavator financing you need for your projects.
Finding the right financing for an excavator is key. It depends on project scope, costs, and how much you can pay back. Contractors need to carefully plan to match their business needs and financial health.
First, understand your project's needs. This means looking at construction costs and project scope. Knowing the project's length is also important. Add up all costs to know what you need financially.
Use project proposals and supplier quotes to get a clear picture of costs. This helps avoid underestimating what you'll need.
After figuring out how much you need, look at repayment options. Think about how your cash flow might change during the project. Options like interest-only payments or monthly plans can help, as offered by National Legacy Capital Group.
When evaluating equipment financing, compare different loan and lease terms. Find what works best for your company's finances.
It's important to not spend too much. Use flexible repayment plans and make sure you can handle new costs. Create a budget that covers all costs, including the new equipment.
By not borrowing too much and thinking about the equipment's ROI, you can keep your business strong. This way, you can take on more projects and handle current tasks well.
For more advice on managing project finance and construction costs, check out Equipment Finance Canada. They provide solutions that fit your business needs and help you make smart choices.
Getting financing for big projects is smart for contractors. It helps keep your finances stable. To get approved, show you're financially stable, have a strong business credit, and use equipment well.
Improving your credit is key. Here's how:
With a better credit score, you'll get better loan terms.
Being financially stable is important for lenders. Show them you can handle new money by providing clear financial plans. They look at your income, balance sheets, and cash flow.
Knowing how to use your equipment's value is also key. Use what you already have or plan for new equipment. This makes your loan request stronger.
For more on heavy equipment financing, click here. You'll find lots of useful info.
Unlock your construction project's full power by contacting National Legacy Capital Group for heavy equipment financing. Our team is ready to help with solutions made just for you. Whether you need to lease, buy, or explore sale-leaseback options, we've got you covered.
Starting your financing journey with us is easy. Contractors can contact our financing firm by phone at (858) 345-6338 or email at info@nationallegacy.com. Our experts are ready to give you all the details and help you out.
We know how fast things move in construction. Our online equipment financing application is quick, taking just two minutes. It also needs less paperwork than banks, so you can get the equipment you need fast. For more on financing options, check out our blog post on equipment financing power-ups for construction firms.
At National Legacy Capital Group, we put customer satisfaction finance first. We offer high approval rates, fast funding, and flexible payments that fit your business's needs. We're all about being open and helping you make smart financial choices for your projects. Join our thousands of happy clients who've improved their businesses with our help.
Excavator financing lets businesses get excavators through loans, leases, or lines of credit. It spreads out the cost over time. This helps manage big expenses.
National Legacy Capital Group has many options. These include loans, leases, and hire purchase agreements. Each is designed for different business needs and tax situations.
Financing is key for contractors. It lets them take on big projects and manage them well. It also keeps their capital safe.
National Legacy Capital Group has high approval rates and quick funding. They offer solutions like interest-only payments and affordable plans. This helps manage cash flow.
First, there's a consultation and a look at your financing needs. Then, you prepare and submit documents like financial statements and credit reports. They aim to make the process fast and smooth.
You'll need to provide financial statements, business plans, and credit reports. These help them check if you're financially stable and if your project is viable.
National Legacy Capital Group works fast. They aim to get you funded quickly. This way, you can start your project without delay.
They look at your project's scope, size, and costs. It's important to choose a repayment plan that fits your budget. This way, you avoid financial strain.
By choosing flexible repayment plans and carefully planning your finances. This keeps your business healthy and able to take on more projects.
Improve your credit score and keep your finances in order. Show that you're financially stable. Using the value of your equipment and good planning can also help.
Call them at (858) 345-6338 or email info@nationallegacy.com. They'll help with your financing needs.
Yes, they have an easy online application. It's designed for quick and simple use.
They focus on clear, efficient, and customer-focused financial solutions. They offer support to help you make the best financial choices for your project.
