- Flexible Financing Options for Heavy Construction Equipment
- Wide Credit Approval for Construction Equipment Loans?
- Start-Up Construction Equipment Leasing
- Credit Requirements for Start-Up Construction Companies
- Credit Requirements for Established Construction Companies
- Working Capital Solutions for Construction Companies
- Construction Invoice Factoring
- Construction Equipment Financing for All Credit Profiles
- Preferred Construction Equipment Vendors
- Partner with Liberty Capital Today
Liberty Capital: Comprehensive Equipment Financing Solutions for Construction Companies
As a construction company, you have four options when you need equipment. One pays cash, rents equipment, equipment leases, or just contracts the work. Let’s understand Equipment Financing Solutions from this article.
Either decision must be made to maximize the opportunity to stay ahead of the competition. Liberty Capital is here to help.
We offer a broad credit range of construction financing solutions designed to minimize cost and maximize return from term loans, equipment leases, and lines of credit; we have them all under one roof.
Liberty Capital provides a fast, easy, and flexible approach to construction equipment leasing and financing, allowing you to choose from both standard and customizable plans.
Our experienced team and their better understanding can help you to overcome the challenges that are largely faced by the construction industry.
Moreover, we are also committed to providing very personalized support during the entire financing process.
Flexible Financing Options for Heavy Construction Equipment
Heavy construction equipment is a very significant investment for any kind of business. However, the upfront costs can be prohibitive.
Luckily, there are various financing options available. These could help the business acquire all the necessary equipment, that too, without breaking the bank.
Our equipment financing solutions for heavy construction equipment include:
- $99 for the First 6 Months: Start your lease with just $99 monthly for the first six months.
- 90-Day Deferral: No payments for the first three months.
- Seasonally Varied Payment Plans: Designed to match your business’s uneven cash flow.
- Stepped-down Leases: Payments decrease as the value of the equipment declines.
- Customized Structures: Tailored payment plans for your specific needs.
Standard leasing products include Fair Market Value, operating leases, and $1 buyout, or FMV 10% buyout options, with terms ranging from 12 to 60 months.
Wide Credit Approval for Construction Equipment Loans?
Liberty Capital caters to construction companies of all structures, including sole proprietors, startups, and corporations; we offer flexible financing even to those with subprime credit.
You can finance various business equipment, such as
- Dozers,
- Cranes,
- Trucks, and
- Trailers from multiple vendors.
Moreover, you can also enjoy the convenience of a single monthly payment for all your needs.
You choose the vendor, and we do the financing. You make payments to us.
With the cost of equipment exploding during COVID-19, construction equipment financing has grown tremendously, and due to the shortage of equipment, prices have gone up, making it necessary to finance.
Start-Up Construction Equipment Leasing
Obtaining reliable and upgraded construction equipment is vital for startup businesses, allowing you to conserve working capital for other essentials like hiring staff, renting locations, and purchasing inventory. Our equipment financing solutions or leasing options include:
- 100% Purchase Financing
- Up to $150,000 in equipment with a simple one-page application
- Up to $3,000,000 with financial disclosure
- Next-day funding with pre-funding for vendors available
- Fixed Terms from 12 to 60 Months
- No Down Payment Required for qualified borrowers
- Eligibility for New and Used Equipment
- No Prepayment Penalties
Credit Requirements for Start-Up Construction Companies
When you are planning to start a construction business, it might require significant financial resources. Credit is essential to secure all equipment, fund operations, and materials.
Besides, one must understand that it is crucial for all the credit requirements for construction business start-ups to secure the necessary funding.
Equipment financing solutions credit requirements for equipment financing solutions for start-up construction companies include the following:
- Active business entity or business license
- Personal guarantees from all owners
- Minimum credit score of 650
- No bankruptcies in the last seven years
- No unresolved tax liens
- Bank account to show you can afford payments.
Credit Requirements for Established Construction Companies
The credit requirements for established construction companies can vary based on several factors. This includes the project size, industry trends, and company history.
Thus, you must understand such requirements is very essential to secure the necessary funding while ensuring business growth.
The credit requirements for established construction companies include:
- Min 24 Months in Business to be considered non-startup
- Active business bank account, FED ID/business license
- Personal guarantees from all owners
- Minimum credit score of 600
- No bankruptcies in the last seven years
- No unresolved tax liens
- Bank account to show you can afford payments.
Working Capital Solutions for Construction Companies
Our Construction Working Capital Program is designed to boost cash flow, pay taxes, expand, hire employees, market, and support an efficient, profitable company.
Moreover, Liberty Capital can lend working capital on your construction equipment up to 70% LTV, with terms up to 60 months (about five years) for qualified buyers. If you have free and clear assets, you can collateralize.
Construction Invoice Factoring
Factoring can help you finance heavy equipment purchases at lower rates and improve your credit profile over time, establishing a long-term relationship to support your company’s growth.
Besides, it provides a stable source of income without payments. Liberty Capital offers invoice factoring to help you access funds faster instead of waiting 30-90 days for payment.
Moreover, our rates range from 1-3%, enabling you to maintain a healthy cash flow and focus on your projects.
Construction Equipment Financing for All Credit Profiles
Liberty Capital understands the challenges of the construction industry. It can be a domino effect that can be challenging to obtain heavy equipment financing, regardless of your company size credit profile.
We offer equipment financing solutions for both new and established businesses, ensuring access to the construction tools and equipment you need to grow.
Preferred Construction Equipment Vendors
Our first transaction was a 2003 Caterpillar Excavator. We know the industry can finance new or used products through a dealer or private seller.
We can provide you with a list of trusted equipment vendors in your area to help streamline your purchasing process if you need help.
Partner with Liberty Capital Today
In conclusion, partnering with Liberty Capital can provide you with all kinds of financial support and expertise that you might need to achieve your business goals while providing equipment financing solutions.
Since 2004, Liberty Capital has been committed to providing you, the business owner, with the equipment financing solutions your business needs to grow.
Call us today to get started with our “no obligation” financing consultation for your construction financing needs.
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