3 Ways to Finance a Backhoe with Bad Credit | Backhoe Business Equipment Loans

🔥🔥🔥For more info about an Financing Heavy equipment like a backhoe, working capital, etc.,
Email -- Info@TheBroker.Finance or (714) 271-8524 (text or call)

3 Ways to Finance a Backhoe with Bad Credit | Backhoe Business Equipment Loans

Rough Transcript:
Thanks for stopping by the channel, my name is Shawn and this is TheShawnShow. Today I'll be talking about 3 ways to finance a backhoe with bad credit and backhoe business equipment loans. With that said, let's dive in.

First and foremost, I function as a broker so I have alot of different lenders and funding options that I can pursue to get you backhoe financing / backhoe equipment leasing. My goal is to always get you the lowest down payment and best terms etc.. Obviously, if you have really poor credit, you're not going to get a zero down equipment financing loan for your backhoe.

1. The first way is if you have a 40% down payment, I can pretty much finance any credit scenario you might have. You could have a bankruptcy, foreclosure, really poor credit scores, a repo, you can be a start up, etc. and if you can muster up a 40% down payment then I can get your equipment financed pretty much for sure.

Of course, I always want to get you the lowest down payment possible, so you can keep the most cash in your pocket so that you can operate your business.
2. Secondly, let's say you don't have 40% to put down, if you have secondary collateral that you own free and clear like another backhoe, or a dump truck or something like that, well you can potentially pledge that as secondary collateral. The lender looks at the auction value of that piece of equipment and then they pretty much finance at a 1 to 1 ratio. So, if you have a free and clear backhoe that's worth $50,000 then you can finance a second piece for $50,000.
3. Thirdly we can potentially do revenue based funding if you don't have a 40% down payment or secondary collateral. You'll need a 450 or 550 or higher credit score and we look at the revenue you've generated in the last 3 months.

🔥🔥🔥For more info about an Financing Heavy equipment like a backhoe, working capital, etc.,
Email -- Info@TheBroker.Finance or (714) 271-8524 (text or call)

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