Refinance Construction Equipment To Get Working Capital
VMI LLC offers an application only program in which construction companies can get working capital by refinancing their free and clear equipment. The equipment is used as collateral to secure a working capital loan. Loans range from $10,000 up to $300,000.
VMI LLC, a California based company, offers a unique program geared towards construction companies. They refinance construction equipment that is owned free and clear. 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. Loans range from $10,000 up to $300,000.
Construction equipment financing 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 are available in many industries such as construction, excavation, mining, logging, demolition, trucking and grading.
Construction equipment loans 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.
The top five advantages to refinance construction equipment:
1. Minimal paperwork -- In order to apply, all that is required a completed one page application and a list of free and clear equipment.
2. Simple process -- Once applied, answers are received within one business day. Funding takes place in a matter of days.
3. Bad credit accepted -- VMI specializes in working with bad credit applicants.
4. Unfettered discretion -- Loan proceeds can be used however the borrower sees fit. There are no drawn down schedules.
5. Keep equipment -- Borrower keeps the equipment to complete projects and use as needed.
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 these 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.”
To find out more on how to refinance construction equipment, visit 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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