Heavy Equipment Financing in California

The short answer

Heavy equipment financing lets a California contractor, hauler or farm acquire a machine without paying the full price up front. The machine is the collateral, so approval leans on the equipment and your business bank activity. California Biz Funder lays out the options on one application that takes about five minutes.

What you can finance

Excavators, skid steers, loaders, dozers, cranes, graders, dump trucks, tractors and trailers, new or used. In California the demand clusters around construction in the Inland Empire and Bay Area, agriculture in the Central Valley, and hauling out of the Ports of Los Angeles and Long Beach.

What to have ready

• The dealer quote or invoice, or specs for a private sale.
• Make, model, year and hours for used machines.
• About three months of business bank statements.
• Your time in business and rough monthly revenue.

How to choose the structure

1. Match the repayment term to how long the machine will earn, not to the lowest monthly payment.
2. Find the total repayment in dollars in the offer.
3. Ask about prepayment and any fees listed in the offer.
4. Check that the payment still works in your slowest season.
5. For a smaller or faster need, compare working capital and a line of credit.

A worked example

For illustration only: a Fresno grading contractor wins a pad-site job and needs a second skid steer to run two crews. Financing the machine keeps cash free for payroll and fuel, and the new crew's billings cover the payment. If the same contractor only needs to bridge a late payment, that is a working-capital question instead.

Where this fits

This page covers the choices around heavy machines. For the full program details, see California equipment financing, or the term loan option for larger purchases. Sole proprietors, LLCs and corporations can all apply.