Can I finance a snowplow or salt spreader?
Financing can sometimes be hard to find for snow removal equipment. Most regular loan companies will not touch snow removal equipment with a ten-foot pole, similar to some insurance companies, but fortunately; there are agencies that specifically cater to the snow removal and lawn care industries. When financing snow removal equipment most financing companies want you to have an established business presence, however you can also get personal consumers loans. What we have done is compile a list of the most reputable and well-known snow removal equipment load providers as well as a brief overview of their financing programs to help you better understand you options regarding financing snow removal equipment. This guide should be used as a general example of the financing options that are on the market. Please be aware that these terms, polices and/or rates for any of these companies may change without notice. If you need help with financing feel, free to contact us at 800-761-1700.
SHEFFIELD - LOAN CALCULATOR - https://secure.sheffieldfinancial.com/loanCalculator.aspx
Commercial Program Details
· Available on new and unused snow removal equipment, all models
· No down payment
· First payment due 90 days from date of closing
· Interest rate: 9.99%
· Repayment Terms: 36 consecutive monthly payments
· Minimum Transaction Amount: $1,500
· Maximum Transaction Amount: $50,000
· $150 Customer Documentation Fee
· Loan transactions may be prepaid with no penalty
Consumer Program Details
· Available on new and unused snow removal equipment, all models
· No down payment
· First payment due 35 days from date of closing
· Interest rate: 9.99%
· Repayment Terms: 36 consecutive monthly payments
· Minimum Transaction Amount: $1,500
· Maximum Transaction Amount: $50,000
· $50 Customer Documentation Fee
· Loan transactions may be prepaid with no penalty
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CREST CAPITAL - https://www.crestcapital.com/vehicle_financing?gclid=CNX35vST-c8CFQEyaQodcYsMWg
· Low Rates / Flexible Terms
· No Mileage Limits or Surprise Fees
· Fast Approvals within hours
· No Age Restrictions on Used Trucks
· No Paperwork / Application Only
· Section 179 Friendly
· Financing, Refinancing, TRAC Leases
· "Private-Seller" Financing is Ok
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BALBOA CAPITAL - http://bit.ly/2dXudOj
MINIMUM REQUIREMENTS
· One or More years in business
· $150K/Year in gross revenue
· Bank Account in your business name
· Get up to $250,000 with a One-Page Application
· Same-Day Funding
· No Financials Required
· Flexible Terms & Payment Options
· Competitive Rates
· Perfect Credit Isn’t Required
· Possible Section 179 Tax Deduction - Ask Your Accountant
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QUICKSPARK - https://quickspark.com/business-owners/
· GENERATE REVENUE AS YOU PAY
· Section 179 Friendly
· Monthly payments that range from 12 to 60
· Open to startup companies
· Can be approved even with a bankruptcy
· Can get approved even with low credit score
· Almost instant response on approval or denial
· Competitive financing terms
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