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Explore financing strategies for dump trucks, cranes, and earthmovers. Learn how to choose the right loan or lease for your construction business in 2025.
These machines are the heavy lifters—literally. Dump trucks haul it away, cranes lift it into place, and earthmovers carve the ground your project will rise from. But these powerhouses also come with serious price tags. Whether you're running a grading outfit, handling municipal work, or building out your own fleet, financing is likely your path forward.
In this guide, we break down how to finance each type of heavy construction equipment, what lenders look for, and how to structure a deal that actually benefits your business.
Not all equipment is treated equally by lenders. A brand-new bulldozer and a 15-year-old crane might both be crucial on the job site—but not every lender wants to finance both. Machines with strong resale value, stable performance records, and broad utility tend to be easier (and cheaper) to finance.
Understanding your equipment’s market position is step one. Here’s what you need to know about each of the big three:
Dump Trucks
Versatile and always in demand, dump trucks are popular with lenders. Financing is available for new and used models, including tri-axles, tandems, and off-road haulers.
Cranes
From mobile cranes to tower cranes, these machines can be highly specialized. That complexity—and high cost—can make them harder to finance without a solid credit and business profile.
Earthmovers
This broad category includes bulldozers, scrapers, graders, and compactors. Newer models are easier to finance, but many lenders will consider used equipment up to 10 years old.
Use equipment valuation tools like RitchieSpecs to understand depreciation, resale value, and spec comparisons before applying.
When you’re talking six-figure price tags, choosing between a loan and a lease isn’t just a formality—it’s a strategic decision.
Loans
You get full ownership after repayment. Great for businesses that will use the equipment frequently and long-term.
Leases
Lower monthly payments and more flexibility. You return or buy the equipment at lease-end.
Choosing the right structure depends on how long you plan to use the machine, your cash flow, and your growth trajectory.
As demand for infrastructure and logistics continues to grow, lenders are more active in the equipment space—but approvals still depend on a few core criteria:
You’ll also need to provide basic documents: ID, business license, equipment invoice, bank statements, and possibly tax returns.
For a full checklist, the SBA’s loan preparation guide is a solid resource.
Financing Dump Trucks
Many lenders offer structured programs specifically for dump trucks, including both on-road and off-road models. If you’re adding trucks to a fleet, consider bundling purchases for better rates. Don’t forget to factor in insurance, fuel, and maintenance costs when calculating ROI.
Financing Cranes
Crane financing often involves additional documentation, including operator certification, insurance proof, and detailed specs. Because of their value, lenders may require third-party equipment appraisals—especially for used cranes.
Financing Earthmovers
Bulldozers, scrapers, and graders tend to hold value well, especially from top-tier manufacturers. Look for lenders familiar with construction equipment cycles and ask about seasonal payment structures if your workload varies.
Seasonal Payments
Ideal for construction companies with busy summers and slow winters. Pay more when cash flow is high, less when it’s not.
Deferred Start
Some lenders offer 30, 60, or 90-day deferments on your first payment—helpful if your job revenue won’t hit until after delivery.
Lease-to-Own
Pay monthly like a lease, but with a fixed buyout option. Popular for contractors who want to own eventually but need low payments upfront.
Working Capital + Equipment Combo Loans
Bundle a working capital loan with your equipment purchase to cover upgrades, transport, or operating costs.
Ask your lender which options they offer—many will customize the structure if they know it helps your business succeed.
Tanya owns a site development company in Arizona. Her business landed a major grading contract, but she didn’t have the right dozer. Instead of draining her reserves, she applied for a 5-year equipment loan with a 90-day deferment.
She bundled the purchase with a trailer and used a 15% down payment to negotiate a lower rate. The result? She completed the project ahead of schedule, took on another job with the same developer, and recouped her down payment in three months.
It wasn’t just financing. It was part of her growth strategy.
A well-prepared borrower gets faster approvals, better terms, and fewer surprises.
Whether you're hauling materials, lifting structural steel, or reshaping raw land, your business depends on reliable, capable machinery. Financing that equipment shouldn't feel like a gamble—it should be a strategic move that supports your growth.
Dump trucks, cranes, and earthmovers are major investments, but with the right financing partner, you don’t have to make those moves alone.
Talk to National Legacy Capital Group to explore financing solutions tailored to your construction goals. They specialize in helping small and mid-sized firms access flexible, efficient equipment financing—without red tape or runaround.
Can I finance multiple pieces of equipment at once?
Yes. Many lenders offer bundled financing if you’re purchasing more than one machine—often under a single loan or lease agreement.
Is used equipment eligible for financing?
Absolutely. Most lenders will finance used equipment up to 10 years old. Older machines may be considered with strong condition reports or appraisals.
What credit score is needed for dump truck or crane financing?
Most lenders prefer 600+, but some alternative lenders may approve lower scores with strong business financials or a larger down payment.
How fast can I get approved?
Many lenders offer approvals within 24 hours and funding within 2–3 business days, especially if you provide all documentation upfront.
