Is equipment financing different from a credit line?

It is built around buying a specific asset, whereas a line is flexible operating funding. Compare how each is set up in the paperwork.

Does a GC need an equipment appraisal?

We cannot say that without a specific offer. Ask when you apply.

Can I include several vehicles in one request?

Bundling items to reach our $25,000 minimum is a common approach. Confirm details in your offer.

Are residential remodelers eligible?

Residential remodeling is restricted, and we do not promise funding for it.

Equipment Financing for General Contractors in New York

Own the core, rent the rest

General contractors often take a hybrid approach. They own the tools and vehicles used on every job, and rent specialty machines for the occasional one. Financing helps with the first group, the equipment you rely on across many projects.

This page covers commercial and trade work. Residential remodeling is a restricted category and is not something we promise to fund.

Where equipment financing fits a GC

Pickup trucks and cargo vans: every crew needs them, every year.
Trailers and hauling: moving tools and materials between sites.
Layout and measuring tools: items that raise accuracy and save rework.
Lifts and access equipment: where work is above ground level on a regular basis.

Four questions before signing

How many billable days a month will this machine run?
Who covers insurance, maintenance and repair?
What happens to the equipment if you stop using it?
Can your deposits cover the payment through a slow month?

A common mistake

GCs sometimes buy equipment to win a single big contract, then find it sits idle once the contract ends. Matching the asset to repeating work rather than a one-off is the main difference between equipment that earns and equipment that costs.

The numbers on our side

The basics on our side: amounts from $25,000 up to $5,000,000, funded in as little as 24 hours once things are in order. We consider FICO 500 and up, review roughly three months of business bank statements, and do not ask for tax returns. You can start the 5-minute application with a soft credit pull, and sole proprietors are welcome.

A worked example, for illustration only

A GC with a growing commercial fit-out business needs two more vans and a trailer for a second crew. Together the cost might approach $90,000. Financing spreads that cost while the second crew generates revenue. These are illustrative numbers, not a quote and not a statement of any offer.

Total cost of ownership

The payment is only part of what a vehicle or machine costs. Add insurance, fuel, maintenance, registration and the time lost when it breaks. A cheaper machine with high repair costs can turn out to be the more expensive one. When you compare options, put the full yearly cost of each on one sheet and look at the difference, not just the monthly figure. A funder will look at your deposits too, so confirm that your account can carry the payment through your slowest month.

What to prepare

For a quick review, have about three months of business bank statements, the vendor quote for the equipment, and a short note on which jobs it will serve. The application takes about 5 minutes, uses a soft credit pull and does not require tax returns.