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Whether you’re breaking ground on a new project or expanding your fleet, having access to a compact excavator can significantly boost your capabilities. But like most high-value equipment, these machines come with a high upfront cost that can strain your working capital.
Compact excavator financing allows businesses to lease or purchase essential equipment over time, rather than paying the full amount upfront. This helps conserve cash for operational expenses while giving your team access to high-performance machinery for digging, trenching, demolition, and grading work.
Leasing also gives you the option to upgrade more frequently and avoid long-term maintenance costs.
For small businesses, capital is often tight. Financing allows you to:
As outlined by the U.S. Small Business Administration, equipment financing is one of the most common — and accessible — ways for businesses to fund growth.
Rather than tying up tens of thousands of dollars in a single transaction, financing spreads the cost into manageable monthly payments. This lets you retain capital for payroll, marketing, or unexpected expenses — the very things that keep your business running smoothly.
This aligns with findings from SCORE, which highlight poor cash flow as the top reason small businesses fail.
Financing or leasing lets you stay ahead of the curve with newer, more efficient machines. This can improve safety, boost productivity, and reduce downtime — all of which impact your bottom line.
Financing programs can be structured around your business’s needs. Whether it’s short-term leases, extended payment plans, or seasonal repayment schedules, there’s a plan to help you manage cash flow without financial strain.
Understanding your options is essential to making the right financial choice. Here are three popular routes small businesses use to finance compact excavators:
A business line of credit gives you access to funds on demand. You only pay interest on what you use, and you can borrow again as you repay.
Best for: Businesses with ongoing or unpredictable equipment needs
More on how lines of credit work: Investopedia - Business Line of Credit
With equipment financing, you own the equipment at the end of the loan term. Leasing gives you access without the burden of ownership — ideal if you want to upgrade frequently.
Best for: Businesses that want the newest models or need short-term flexibility
Tax tip: Lease and loan payments may be deductible under Section 179 of the IRS Code if used for business purposes.
A lump sum with fixed monthly payments. This is a traditional option for businesses that want to purchase equipment and keep it long-term.
Best for: Companies with consistent cash flow and long-term project pipelines
We’ve streamlined the process to help you secure funding without the headaches. Here’s how it works:
Before signing any loan or lease, consider these critical factors:
Look closely at the Annual Percentage Rate (APR) and any fees. While 0% promotional rates are appealing, always read the fine print.
Don’t forget to factor in maintenance, insurance, fuel, and depreciation. A machine’s sticker price isn’t its only cost over time.
A well-managed loan can help build your credit, opening doors to future financing. But missed payments can hurt your score. For more, explore how business credit works on Investopedia.
A regional contractor used financing from National Legacy Capital Group to upgrade from a dated excavator to a new compact model with better fuel efficiency. With monthly payments aligned to seasonal income, they took on 30% more projects in just one year.
Another landscaping firm leased a compact excavator for a six-month project, avoiding long-term ownership costs while landing one of their biggest contracts yet.
What are the requirements for compact excavator financing?
We look at your business’s credit score, income, and financial health. A score of 600+ is a helpful benchmark, but we evaluate applications holistically.
Can I finance used compact excavators?
Yes, many used models qualify. The condition, age, and value of the equipment will factor into terms and approval.
How long does approval take?
Our process is quick. Most clients are approved within 1–3 business days, with funding shortly after.
Are there tax benefits to financing?
Potentially, yes. Lease or loan payments may be deductible. Check with a tax advisor and refer to IRS Publication 946.
Is leasing better than financing?
Leasing offers flexibility and lower upfront costs. Financing gives you ownership. The right option depends on your usage needs and financial strategy.
At National Legacy Capital Group, we make compact excavator financing fast, flexible, and accessible. Whether you’re expanding, replacing, or just getting started, we’ll help you find the right path forward.
📞 Call us today at 1 (858) 345-6338
💻 Or contact our financing team online to get started
Let’s move your business forward — one project at a time.
