Bad Credit Construction Equipment Loans Bring Relief To Construction Companies
VMI LLC provides an application only working capital loan that allows bad credit construction companies to borrow against their equipment.
As the economy struggles to rebound, many construction companies are suffering with bad credit. Few projects, slow pays and poor cash flow are just a few reasons for damaged credit. This puts construction companies in an even tighter financial crunch. Because of this, traditional financing is not available and they must seek alternative funding solutions.
VMI LLC specializes in bad credit construction equipment loans. According to Skylar Marshall, Communications Specialist, “Our application only program is geared towards construction companies with bad credit that need a helping hand to get some working capital. Equipment is the biggest asset that the companies have and we use that to secure the loan. We will not discount an application based solely on credit because credit problems can happen to good people too.”
Under this program, construction companies use their free and clear equipment as collateral to secure a working capital loan. The types of equipment considered are excavators, loaders, skid steers, dump trucks, graders and much more. Some of the brands considered are Caterpillar, John Deere, Case, Komatsu, Peterbilt and Volvo. Loan proceeds can be used for working capital, catching up on bills, buying new materials or making payroll.
Loans range from $10,000 up to $250,000. Since this is an application only program, the only requirement to apply is a completed one page application and equipment list. Approvals are available in one business day. Funding happens in a matter of days.
Bad credit construction equipment loans are available in many industries such as construction, excavation, mining, logging, demolition, trucking and grading.
Allowing bad credit construction companies to borrow against their equipment provides them with the working capital they need to save their business. This program is an opportunity for construction companies to be able to breathe a little easier.
To learn more about bad credit construction equipment loans, visit http://www.financeheavyequipment.com or call 1-888-838-1945.
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- Contact Information
- Skylar Marshall
- Communications Specialist
- VMI LLC
- Contact via E-mail
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