Equipment financing guide
Request $15,000–$2 million for business equipment used in construction. Prepare your machine, project and business information before applying.
What to know
Whether you are replacing a machine or adding capacity, start with the equipment’s role in your business. Dengaro collects the purchase, business and owner information for a financing request. The provider determines whether the equipment and transaction qualify and what terms it can offer.
Purchase scope
Describe the type of machine, whether it is new or used, and any attachments included in the purchase. Keep the seller’s itemized quote available. If you have not selected equipment, state your expected budget and intended purchase timing.
Business context
The application asks about time in business, industry experience and revenue. Use consistent business records and explain the intended equipment use accurately. A construction contract or anticipated project does not itself constitute financing approval.
Timing
A job start date, equipment reservation or seller deadline may be important to your purchase. Communicate that timing, but avoid committing on the assumption that an application guarantees funding. Approval, signed documents and satisfaction of transaction requirements come before completed funding.
Important questions
Used equipment may be considered, depending on the asset and provider criteria. Prepare the model, year, condition and seller information along with the expected price.
Business history is one part of the review. Requirements vary, and a newer business should describe its ownership, experience and transaction accurately. An application is not a promise that a startup program is available.
Dengaro also provides guides for excavator and skid steer purchases. They explain details worth gathering before you submit your request.
Equipment financing guide
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