Learn five proven ways to fund a new big rig or bulldozer for your construction business. Explore equipment loans, leasing, and more flexible options.
For construction companies and independent contractors alike, owning a big rig or bulldozer isn’t a luxury—it’s a necessity. These heavy-duty machines power some of the most critical operations on your job site. But with price tags that can easily climb into six figures, how do you fund these essential tools without stalling your cash flow?
Good news: there’s more than one way to finance your next piece of equipment. Whether you're just starting out or scaling fast, here are five smart, sustainable options to help you acquire a bulldozer or big rig—without overextending your business.
The most common method of financing construction machinery is through an equipment loan. You borrow a lump sum to purchase a specific piece of equipment—then repay it over time in fixed monthly payments. The equipment itself acts as collateral.
Why it works:
According to the U.S. Small Business Administration (SBA), equipment loans are often more accessible than other types of business credit due to their collateralized nature.
Best for: Long-term use and when you're ready to build equity.
If you need access to a bulldozer or big rig for a set project or a shorter time frame, leasing might be the smarter choice. Leasing allows you to rent the equipment for a fixed term, with options to return, renew, or purchase it at the end.
Why it works:
You can learn more about the differences between capital and operating leases in this guide by Investopedia.
Best for: Short-term projects or frequent upgrades.
Unlike a loan, which gives you a lump sum, a business line of credit gives you a pool of funds you can draw from as needed. You only pay interest on what you use—making this an ideal option for ongoing equipment costs or staggered purchases.
Why it works:
For businesses with fluctuating equipment needs—or those managing multiple jobs at once—a line of credit offers unmatched versatility.
Best for: Multiple small equipment purchases or unexpected costs.
The SBA offers several loan programs that can be used toward equipment purchases, including the 7(a) Loan Program. While these loans take longer to process, they often come with lower rates and longer terms.
Additionally, depending on your region and business type, you may qualify for industry-specific grants or local economic development funding.
Why it works:
Explore SBA-backed options at SBA.gov.
Best for: Contractors who qualify and can wait through the paperwork.
Sometimes, the simplest financing option is directly through the equipment dealer or manufacturer. Many vendors offer in-house financing or partner with preferred lenders to help contractors secure the machinery they need quickly.
Why it works:
Best for: When purchasing from a dealer offering competitive terms or promotional financing.
Choosing how to finance your next bulldozer or big rig depends on a few key questions:
Use tools like this loan calculator from Bankrate to compare monthly payments and total cost of ownership before committing.
A bulldozer or big rig isn't just a machine—it's a revenue-generating asset. Choosing the right funding method can help you increase your capacity, reduce downtime, and stay ready for whatever project comes next.
Need help choosing the right financing approach for your next equipment purchase? Contact National Legacy Capital Group to explore tailored options for your construction business. With fast approvals and a flexible approach, they make it easy to move your business forward.
No. Equipment-secured loans are accessible to many small businesses, even with average credit. Strong business financials or a larger down payment can improve your approval odds.
Some leasing programs include used equipment, depending on age, mileage, and condition. Be sure to check with your lender or dealer.
Many lenders offer approvals within 24–48 hours, with funds available shortly after. Vendor financing can sometimes be same-day.
A loan gives you a fixed sum with set repayments. A line of credit provides ongoing access to funds you can draw from as needed, similar to a credit card but with lower rates.