Construction Equipment Financing: Excavators, Skid Steers, and Fleet Additions Funded Fast

Uncategorized Jul 22, 2026

The bid is due Friday. The job starts in three weeks. You need a machine you don't own yet.

Everlasting Capital finances construction equipment — new and used, from a single skid steer to a full fleet addition. Approvals often come back in hours. Funding can follow in as little as 24 hours, which is usually faster than the equipment can get to your yard.

Apply now at everlastingcapital.com/apply

What we finance in construction

Excavators — mini through full-size
Skid steers, track loaders, and compact track loaders
Dozers, graders, and scrapers
Backhoes and wheel loaders
Dump trucks, water trucks, and flatbeds
Trailers — equipment, lowboy, dump
Cranes, boom lifts, scissor lifts, and telehandlers
Compaction equipment — rollers, plate compactors, rammers
Concrete equipment — mixers, pumps, saws, power trowels, forms
Attachments — buckets, breakers, augers, grapples, mulching heads
Generators, light towers, and compressors
Surveying, GPS, and machine control systems

Amounts from $1,000 to $2,000,000. Attachments count. So do rebuilds.

Used equipment is where the value is

A low-hour used excavator can cost 40–60% of new. It moves the same dirt.

New equipment takes its steepest depreciation hit in the first two or three years, and someone absorbs that. Buying a two-to-four-year-old machine means the previous owner ate the worst of the curve while you get most of the useful life — and you're financing an asset sitting on a flatter part of its value line.

Earthmoving equipment also has one of the most active secondary markets of any asset class we finance. That liquidity works in your favor: it's real collateral with real auction comps, which means better terms than niche equipment with no resale market.

And here's what most contractors don't know: banks generally cap financed construction equipment at roughly 7–10 years old at loan maturity. Run that backward — a bank writing a 5-year term often won't touch a machine older than 3–5 years at purchase. That's why you get declined on a clean 9-year-old dozer that inspects perfectly.

We routinely finance 12–15-year-old machines — high-hour excavators, rebuilt dump trucks, older dozers — when the machine inspects well and the price aligns with auction comps. The trade for age is typically a higher down payment and a shorter term. Not a decline. If a bank said no on age alone, bring it to us.

Cash flow: built around how you actually get paid

Construction gets paid in draws, retainage, and eventually. You buy the machine in March; the money from the job it's working shows up in June.

Deferred payment options let you delay full payments while the machine gets to the jobsite and starts producing. Terms up to 60 months keep the monthly number where your margins can carry it. And 100% financing covers what the sticker price leaves out — freight, taxes, attachments, machine control, the first set of tracks.

Seasonal? Northern contractors know the drill: you buy iron in the spring, you run it hard for eight months, and January doesn't pay for anything. Structure the deal accordingly. That's a conversation worth having before you sign.

Section 179: deduct the machine this year

Qualifying equipment placed in service before December 31 can be written off in full in year one under Section 179 and 100% bonus depreciation — on financed equipment, not just cash purchases.

Example: you finance a $400,000 excavator with 10% down and get it on a job in October. You may be able to deduct the full $400,000 against 2026 income while roughly $40,000 plus a few months of payments has actually left your account.

Used equipment qualifies. Bonus depreciation requires first use by your business, not first use ever.

The real deadline isn't December 31 — it's your lead time. The machine has to be delivered, ready, and available for use before the year ends. If your equipment takes six weeks to source and a week to transport, your actual cutoff is early November. Popular iron gets scarce in Q4 because everyone figures this out at the same time. Talk to your CPA, and get the financing lined up early.

Why we say yes when banks don't

Banks look at construction and see cyclicality, seasonality, and a lot of companies with lumpy revenue and a truck-based balance sheet. Their template rejects the industry before it reads the file.

We underwrite the asset. There's a machine with a documented market value standing behind the deal. That's a different question — not "does this contractor fit our model," but "what is this machine, what's it worth, and what will it earn."

Bad credit, no credit, great credit, or a company you incorporated last spring: it's a conversation. We've been financing this industry since 2012.

What to have ready

The listing or quote — year, make, model, hours, serial number, price
Basic business info — time in business, annual revenue, trade
Recent business bank statements — usually the last three months
Hours and service records on used machines
A target payment — what your margins can actually carry

Private-party purchase? Expect an inspection, title and lien verification, and direct payment to the seller. Budget a few extra days.

Let's get the machine on the job

Everlasting Capital finances construction equipment from $1,000 to $2,000,000 across all 48 continental states — new and used, terms up to 60 months, deferred payment options, up to 100% financing including freight, taxes, and attachments.

Applications take minutes. Approvals often in hours. Funding in as little as 24 hours.

Apply now at everlastingcapital.com/apply

Everlasting Capital is not a tax advisor and this article is not tax advice; consult a qualified tax professional regarding Section 179 and bonus depreciation. Equipment prices and lender age policies cited reflect general market conditions and vary. Financing terms, amounts, and approval times vary by program, credit profile, and equipment type, and are subject to underwriting approval.