Construction Equipment Financing
Heavy construction equipment is capital-intensive, and the right financing structure can be the difference between a purchase that strains cash flow and one that pays for itself through new contracts. We do the work of connecting your inquiry with an institutional lender who already understands the asset class.
- Construction equipment financing terms typically run 3-7 years, supported by strong resale value on excavators, cranes, and other heavy machinery.
- Down payments range from 0-20% depending on credit profile, and whether the equipment is new or used.
- Five North Capital is a brokerage, not a direct lender — inquiries are matched to institutional lenders that specialize in construction equipment.
What construction equipment can I finance?
Our institutional lender network finances the following construction equipment categories:
What lenders look at for construction equipment
Construction equipment holds its value well and has an active resale market, which generally works in a borrower's favor. Lenders weigh a few factors specific to this asset class:
- Resale value — strong secondary markets for construction equipment often support longer terms and lower down payments than less liquid asset types.
- New vs. used — both are financeable, though used equipment may carry a shorter maximum term tied to its remaining useful life.
- Seasonality — lenders familiar with construction understand seasonal cash flow, and some programs offer structured or step payments to match.
- Contract-backed revenue — a signed contract or backlog can strengthen a financing application, especially for newer businesses.
Loan or lease?
Equipment you'll run for its full useful life (excavators, dozers) is often financed with a loan, since ownership at the end of term matters. Equipment more likely to be upgraded or rotated out of a fleet (some aerial or specialty equipment) can make sense as a lease. Our loan and lease calculators can help you compare the numbers for your specific equipment.
Frequently asked questions
How much down payment do I need for construction equipment financing?
It varies by lender, credit profile, and whether the equipment is new or used — some programs require no down payment, others ask for 10-20%. Strong resale value on construction equipment often supports lower down payments than other asset types.
Can I finance used construction equipment?
Yes. Used construction equipment is financeable, though the maximum term is typically shorter than for new equipment, tied to the asset's remaining useful life.
Can I get construction equipment financing as a newer business?
It's possible, though newer businesses may see a larger down payment requirement or a shorter term. A signed contract or backlog can help strengthen the application.
How long does approval take?
It depends on the lender and deal size, but many equipment financing decisions come back within a few business days once your inquiry is matched to the right lender.
Request Construction Equipment Financing
Tell us about the equipment you need to finance and we'll be in touch to discuss next steps.