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Equipment financing for construction & trades

A loan to buy equipment, secured by the equipment itself. Contractors use Credible Lending equipment financing to buy materials for a new contract or finance an excavator or work truck, with matched to the equipment's useful life and same-day decisions.

Apply nowAbout equipment financing
See what you qualify forStep 1 of 5
How much funding do you need?

A best guess is fine. You can change it with your advisor.

$10K$5M
How long have you been in business?
What's your average monthly revenue?

Total deposits into your business account in a typical month.

What's your personal credit score?

An estimate is fine. Applying won't affect your score.

Where should your advisor reach you?

We'll use this only for your application.

Equipment financing for contractors
AmountUp to 100% of equipment cost
TermMatched to the equipment's useful life
SpeedSame-day decisions
PaymentsMonthly
Best forMedical, manufacturing, construction and technology equipment

Common uses in construction & trades

  • Buy materials for a new contract
  • Finance an excavator or work truck
  • Cover payroll between draws
  • Bid on a larger project

Why contractors choose equipment financing

You front the costs

Materials and payroll go out weeks before the progress payment comes in.

Equipment is the business

Excavators, lifts and trucks can be financed against the equipment itself.

Bigger bids need capacity

Access to capital lets you bid on the job instead of passing on it.

How does equipment financing work?

  1. 1

    Share the quote or invoice from your vendor, new or used.

  2. 2

    We confirm the equipment's value and structure a term around its useful life.

  3. 3

    Funds go to the vendor or to you, depending on how you're buying.

  4. 4

    The equipment works for your business while you pay it down.

What do I need to qualify?

  • 1 year in business
  • $10K+ in monthly revenue
  • 625+ FICO score
Check my options

Other funding for contractors

Questions, answered

Something else on your mind? Ask an advisor.

Can contractors qualify for equipment financing?
Yes. Most Credible Lending programs look for at least one year in business, $10,000 or more in monthly revenue and a 625+ credit score. We review construction & trades financials with the industry's cash-flow patterns in mind.
Do I need a down payment for equipment financing?
Often not. Many approvals cover up to the full cost of the equipment, depending on your credit profile and the asset.
Can I finance used equipment?
Yes. We finance new and used equipment from dealers, manufacturers and private sellers, subject to valuation.
Can contractors get financing against invoices?
Yes. Invoice financing can advance up to 90% of open invoices to creditworthy customers.

Ready when your business is.

Apply in about three minutes with a soft credit check. You'll hear back the same day.

Apply nowTalk to an advisor