Speed and Flexibility: The NLCG Difference When Capital is Critical
In the construction world, if a piece of equipment fails, the project—and the reputation—stops with it. For a small contractor working on tight margins, a breakdown or an unexpected job win can trigger an immediate need for capital. This case study illustrates how fast, flexible financing for a Skid Steer provided a timely solution that saved a business’s entire first-quarter budget.
The Challenge: Unexpected Equipment Failure
A small, three-person excavation company in Texas had their primary skid steer fail halfway through a multi-project commercial site clearing. The repair quote was high, and the project deadline was imminent. Renting the equipment was proving costly and unsustainable. The contractor needed a replacement Skid Steer immediately—but did not have the cash flow for a 20% down payment required by their traditional bank.
The clock was ticking. The delay was costing them thousands in liquidated damages and threatening their ability to bid on upcoming jobs.
The NLCG Solution: Speed and Asset Value
The contractor came to NLCG and applied for financing for a used, low-hour Skid Steer they had located at an auction.
- Focus on the Asset: Instead of dwelling on the limited history of the contractor, NLCG Financial Specialists immediately focused on the value of the Skid Steer. The equipment was appraised, proving its strong market value and ensuring the deal was self-collateralized.
- Rapid Approval: The application was processed digitally. Because all necessary documentation (vendor invoice, bank statements) was provided quickly, NLCG delivered multiple financing offers in less than four hours.
- Low Upfront Cost: The contractor chose a flexible lease structure that only required the first and last payments upfront, preserving over $15,000 in working capital that would have been required for a bank down payment.The Result: Project Completion and ProfitabilityThe funds were released the next day. The contractor secured the Skid Steer, finished the commercial site clearing on time, avoided penalty fees, and secured the next two jobs. The quick financing not only solved the immediate crisis but also allowed the company to generate additional revenue.The Takeaway: Why Your Partner MattersThis demonstrates that when facing an immediate equipment need, your financing partner’s speed and flexibility are more valuable than a slight rate difference. Internal NLCG Analysis consistently shows that eliminating the 2–3 week approval time of traditional lenders significantly increases client profitability and project security. For more on maximizing asset value, consult the EquipmentWatch Residual Value Data.Ready for Fast Financing? Take the Next StepPath 1: Start Your Fast Application Now (Best)Stop the clock. Get a decision on your equipment funding in under 4 hours.APPLY HERE: Fast Online ApplicationPath 2: Speak with a SpecialistNeed funds fast? Discuss emergency equipment financing with an NLCG specialist.CALL NOW: 1 (858) 345-6338Path 3: General InquiryHave a basic question about required documentation for a loan.Visit Our Contact Page
