Loans Against Construction Equipment Provide Working Capital
VMI LLC offers an application only program in which construction companies can get working capital by using their free and clear equipment as collateral to secure a working capital loan.
As the economy starts to rebound, both private and public construction projects are increasing. Because of this, many construction companies will need working capital to complete these projects. Traditional banks have tightened their lending criteria especially with construction companies. As a result, many companies find themselves unable to get the working capital they need for their projects.
However, there is an alternative. VMI LLC, a California based company, offers a unique program geared towards construction companies. They provide loans against construction equipment. It is
an application only working capital loan program. Under this program, construction companies are able to get a working capital loan using their free and clear construction equipment as collateral.
According to the website, www.FinanceHeavyEquipment.com, VMI works with all credit types. Approvals are received within one business day and funding occurs within days. Loans range from $25,000 up to $250,000 based on a one page application.
Construction equipment funding is available for tractors, excavators, bulldozers, loaders, graders, scrapers, dump trucks, cranes, forklifts, backhoes, steers and other heavy equipment. Some of the manufacturers they accept are John Deere, Caterpillar, Komatsu, Volvo, Hitachi, Case, Peterbilt, Kenworth.
Loans against construction equipment provide a way for construction companies to get the working capital they need to fulfill projects, make payroll, take care of outstanding invoices and purchase supplies.
Skylar Marshall, Communications Specialist for VMI LLC states, “We understand the immediate needs of our customers. We are able to get them the working capital they request in a fast and fair manner.”
For more information on loans against construction equipment, visit www.FinanceHeavyEquipment.com or call 1-888-838-1945.
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- Contact Information
- Skylar Marshall
- Comunications Specialist
- VMI LLC
- Contact via E-mail
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