Business funding for excavation contractors
Excavation runs on heavy iron: excavators, dozers and dump trucks that cost hundreds of thousands of dollars, burn a lot of fuel, and break down at the worst time. Site work is usually billed to a GC or municipality on terms, while fuel, parts and operator payroll go out every week regardless of when that invoice clears.
- One application, several lenders
- No credit pull to see your options
- No fee to you, ever
Common funding needs
- Buying or replacing an excavator, dozer or dump truck
- Covering fuel and payroll while a GC invoice is outstanding
- Financing an urgent repair to keep a machine on site
- Bridging costs on a large site-prep or grading contract
- Adding a second crew and machine for a bigger job
- Covering a slow stretch between projects
What usually fits
Products that usually fit
- Equipment financing for excavators, dozers and dump trucks; the machine secures the loan.
- Invoice factoring for GC and municipal site-work billing on 30 to 60 day terms.
- Line of credit for fuel, repairs and payroll between invoices.
- Working capital for an urgent repair or breakdown.
Compare term loans, lines of credit, cash advances and equipment financing side by side →
Illustrative example
A worked example
A contractor finances a used excavator worth $140,000 over 5 years at an illustrative 7–16% a year: payments run about $2,772–$3,405 per month, or $166,330–$204,272 in total.
A $60,000 site-prep invoice to a GC on 45-day terms factored at an illustrative 88% advance releases about $52,800 within days; at an illustrative 2.5% fee for the period, the fee is $1,500.
Illustrative example only, not an offer or a quote. Rates, fees and terms are set by each lender and depend on your business. Fees are not included unless stated.
Underwriting
What lenders look at
- Equipment age, hours and any existing liens or loans on it
- Payment history from the GCs and municipalities you bill
- Monthly fuel, repair and payroll costs against deposits
- Insurance, bonding and safety record
- Site-work contracts in hand and project pipeline
- Owner credit and time in business
Honestly
Who this is not for
- A company with no completed contracts to factor invoices against
- Financing a second machine before the current one is paying for itself
- Borrowing against an invoice tied to a project on hold pending permits or disputes
If borrowing does not make sense, we will say so.
Are you a match?
Lender network minimums
Close but not quite there? Apply anyway and we will tell you honestly what is possible.
*Best available terms from lenders in our network. Every lender sets its own criteria; approval, amount and funding time are decided by the lender and not guaranteed.
| Time in business | 1 year+ |
|---|---|
| Monthly bank deposits | $20,000+ |
| Credit score | 500+ |
| Bank account | Business |
| Fee to you | $0 |
| Credit pull to start | None |
FAQ
Excavation funding questions
Can you finance a used excavator or dump truck?
Yes, most equipment lenders finance used heavy equipment, usually with limits tied to age and hours.
Do you factor invoices billed to municipalities?
Some factoring companies will, though municipal terms and paperwork are often slower and more specific. Tell us who the payer is.
What if a machine breaks down mid-job and we need cash fast?
Working capital products can move quickly for an urgent repair, though they usually cost more than planned equipment financing. We'll show you both.
Can I finance equipment through a private sale, not just a dealer?
Some lenders will, depending on the equipment and documentation. Tell us the seller and the machine.
Guides
Guides for excavation
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Where we work: all US states · all Canadian provinces
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