Skid steers and compact track loaders are among the most versatile machines a contractor or landscaper can own. With the right attachments one machine can grade, dig, lift, sweep and clear snow, which keeps it busy most of the year.
Subject to credit approval and documentation.
An EFA is common, with seasonal or skip payments available to landscapers and contractors on approved deals.
| Equipment finance agreement (EFA) | You own it from day one. Fixed payments; usually eligible for Section 179. |
|---|---|
| $1-buyout lease | Lease payments, then you buy it for $1. Treated much like an EFA for tax. |
| Fair-market-value (FMV) lease | Lower payments. Return, renew or buy at market value at the end. |
Time in business, business and owner credit, revenue, and the equipment’s details: make, model, year, serial number and condition. Requests above $1M also need financial statements.
Equipment bought with an EFA or $1-buyout lease and placed in service by December 31 may qualify for a first-year deduction. Estimate your tax savings.
Need cash for delivery, training, materials or the ramp-up? Add working capital to the same application.
Yes. One application can cover the machine, attachments and a trailer, even from different sellers.
Generally yes, when bought with an EFA or $1-buyout lease and placed in service by December 31. Check with your tax advisor.
LenderCloud finances equipment from $10,000 to $10 million. Requests up to $1 million can usually be decided on the application alone; larger requests need financial statements. All financing is subject to credit approval.