Equipment Refinancing Offers Working Capital Alternative

Construction companies finally have an alternative to traditional financing. This unique business financing option allows borrowers to use their free and clear construction and heavy equipment as collateral to secure a business loan. Bad credit accepted. One page application. Funds in days. Working capital loans range from $10,000 up to $300,000.

Los Angeles, CA – WEBWIRE – Thursday, October 8, 2015

VMI LLC offers a unique program specifically for construction companies. They provide loans using heavy and construction equipment as collateral. This process is called equipment refinancing.

Equipment refinancing provides an alternative to construction companies seeking working capital.

Under this program, the construction companies use their free and clear equipment as collateral to secure a working capital loan.

One of the best features of this program is that it is an application only program. That means, that in order to qualify, all that is required is a completed one page application along with a list of the free and clear construction or heavy equipment.

Another advantage to this equipment refinancing program is how fast it operates. Application decisions are made within one business day. Loan funding occurs within a few days, not weeks or months.

The funds from the working capital loan can be used however the borrower sees fit -- pay invoices, buy supplies, consolidate debt, hire personnel or setup cash reserves for a slowdown period.

Getting a loan against construction equipment provides a simple, fast and unfettered solution to construction companies that need working capital immediately.

According to the website, www.FinanceHeavyEquipment.com, working capital loans range from $10,000 up to $300,000. All credit types are accepted. In fact, these construction equipment loans are specifically geared towards borrowers with bad credit.

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.

For more information on equipment refinancing as a working capital alternative, visit www.FinanceHeavyEquipment.com or call 1-888-838-1945.