Conventional heavy construction equipment financing and leasing is still available in today's financial markets. In this article, we are going to address some application only programs that are available up to $75,000 and full documentation packages up to $250,000.

In today's market, many lenders have either run out of money to lend, or must liquidate their off lease inventories to generate working capital or are no longer in business. This economic crisis has affectedincluding banks and lenders. everyone

The available programs described here include you locating your own heavy construction equipment and bringing to a conventional lender for financing The requirements for application only programs up to $75,000 are the following:

A Credit requires the following: • 5 years TIB (time in business) under current ownership • 700+ credit score B Credit requires the following: • 2+ years TIB (time in business) under current ownership • 650-700 credit score

The rates on A and B paper will be slightly different.

Additionally, a filled out lease application dated and signed by the owners and summary page of the last three months business bank statements will get the lending process started. A copy of an invoice, purchase order etc would be required from the qualified dealer. Additionally, other information might be required but this is taken on a case by case basis.

For financing up to $250,000, these are the following requirements: • 5 years TIB (time in business) under current ownership • Full Financial Package is required will ALL applications • 675+ credit score • Low 5 Average bank balance with no NSF's or Overdrafts Additionally, the details of this program is listed below

if a Corporation of any kind)

1. 2 current years corporate tax returns (COMPLETE WITH ALL SCHEDULES AND ATTACHMENTS) 2. Last 2 years profit & loss statements 3. Last 2 years balance sheets 4. Year to date profit & loss statements 5. Year to date balance sheets 6. 2 current years personal tax returns for ALL owners (COMPLETE WITH ALL SCHEDULES AND ATTACHMENTS) 7. Current signed and dated personal financial statements for ALL owners 8. COMPLETE application with ALL owners information and signatures

(if a Sole. Prop.)

1. 2 current years personal tax returns (COMPLETE WITH ALL SCHEDULES AND ATTACHMENTS) 2. Current signed and dated personal financial statements 3. Last 2 years profit & loss statements 4. Last 2 years balance sheets 5. Year to date profit & loss statements 6. Year to date balance sheets 7. COMPLETE application with ALL owners information and signatures

Once again, a signed and dated lease application would be required to get the financing process started. A copy of an invoice, purchase order etc would be required from the qualified dealer. Additionally, other information be might be required but this is taken on a case by case basis.

This application only and full documentation program would apply to following types but not inclusive types of construction equipment:

Backhoes, excavators, bulldozers, wheel loaders, skid loaders, tractor, concrete mixer, concrete pump, compactor etc

Examples of heavy construction equipment could be manufactured by John Deere, Case, Caterpillar, Komatsu, Kobelco, Hitachi, Hyundai etc

Happy hunting for your heavy construction equipment acquisition and its related financing……