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Concrete & Asphalt Paving Business Financing: How to Finance New & Used Equipment in Florida & US

Updated: Feb 8, 2020

asphalt & concrete equipment financing can be hard if you are not working with the right concrete equipment financing company. This type of business financing allows small construction, logging & forestry, plumbing, HVAC, asphalt & concrete & many other industries finance new & used asphalt & concrete equipment, regardless of having good or bad credit. BFC provides commercial equipment financing & business loan solutions up to $500,000 in as little as two business days & 60M in as little as two weeks. BFC enables business owners to save money by not having to purchase the equipment upfront, allowing them to invest in their business or simply keep higher reserves for other projects.

When most people talk about heavy duty asphalt equipment, what usually comes to mind is construction equipment or large equipment that is used for digging, excavating, grading, land clearing, real estate development or some heavy work task related to moving of dirt, asphalt & materials within a construction job site. Most types of equipment used in heavy equipment will be dozers, bobcat loaders, excavators, backhoes, skid steer loaders, track loader, asphalt pavers, concrete compactors, heavy cranes, crawlers, draglines, direction drills, heavy mining excavators, logging & forestry, road pulverizers, tele-handlers.

Despite having the funds to pay for the heavy construction equipment you need, it's highly recommended that you go with BFC's Equipment Financing Solution. Having cash flow reserves is crucial for every business to stay afloat, especially within the construction industry. Make sure to apply for our award winning commercial equipment financing solution today.

Generally speaking, asphalt & concrete equipment financing is used to purchase equipment that will perform heavy duty tasks & cost above $10,000 or so. Construction & logging contractors know exactly how it feels to be around heavy construction equipment, since this will perform heavy duty operations in the construction job site. The obvious reasons for contractors to finance heavy equipment is due to the price tag construction equipment generally goes for, especially when you are looking for the right equipment. Without the right equipment, you will not be able to complete the job within the timeframe & budget that you had initially set. Having the right logging equipment helps finish projects before time, cut back on staffing expenses, decrease general equipment wear to keep value & lower your overall expenses. The result of doing quality work on time leads to satisfied customers, which leads to more contracts for your business.

The ideal customer for asphalt & concrete equipment financing would be construction or logging business owners who prefer to keep cash reserves instead of making a full payment for the cost of the equipment. Construction equipment can be somewhat expensive, which is why working with the right equipment financing will lead to lower costs in the long run.


Asphalt & Concrete Equipment Financing: How to Qualify for Commercial Equipment Financing With Good or Bad Credit In Florida & The US.

Give our staff a call to make sure that your business qualifies. Just like every other type of business loans, heavy equipment financing is only for business owners who meet certain requirements.

1. Credit - Having a FICO credit score above 635 and having in business for at least 2 years is always a great indicator, however this is not the case for every construction business.

2. Cash Flow - Assuming your credit is not the best, however, your cash flow revenue is high(compared to the cost of the equipment being financed), your business can qualify for construction equipment financing on the grounds of your cash inventory.

3. Down Payment - If you don't have perfect credit or great cash flow revenues, you might still be able to get approved based on your down payment. Fr example, if you are looking to finance heavy equipment worth $60,000 & you come in with $10,000, that could increase the chances of being approved for your equipment loan.


Asphalt & Concrete Equipment Purchasing: Should My Contracting Business Compare Leasing vs Financing For Paving Heavy Equipment?

One of the most crucial factors for the purchase of your heavy equipment is to decide if you will be leasing or financing this equipment. Most business owners will prefer a lease to avoid the hassle of owning equipment, and some businesses will prefer to finance equipment to fully own the equipment. A lease is somewhat similar to renting equipment. You monthly payments until the end of the lease & determine if you would like to keep it or return it. Some leases do not show up on your balance sheet. When financing equipment through our equipment loan, this will in effect make you the owner of the equipment, and this will appear in your balance sheet.


Affordable Asphalt & Concrete Equipment Financing: Cost & Terms for Your Asphalt Contracting Business

Once your business has contacted our staff and you have been qualified of our heavy equipment financing solution, you can find the equipment from any vendor or seller & we will finance, it's that simple. The best thing about our equipment loan is that you will receive the most affordable, flexible & reliable terms & rates for your industry, time in business & credit.

Financing Amount

BFC is able to finance up to 100% of the cost of the equipment, helping your business keep cash flow reserves to a maximum. Depending on the amount of the transactions & other credit factors, the amount will vary from 50% to 100%. Having challenged credit, weak cash reserves and you are financing an outdated piece of equipment, it''s highly likely you will have to put a higher down payment.

Term Lengths

The repayment length for your heavy equipment financing will depend on the type of equipment your business needs. The average life-span of your finance agreement is around the projected lifespan of the equipment. The term very rarely will go above the useful life of the equipment.

Interest Rates

Because your construction equipment serves as collateral, this allows us to take risks that other lenders are not willing to make. Generally speaking, heavy equipment financing rates are as low as 8% or as high as 28% for more challenged credit business applicants. We're able to offer 5-7% interest rates for qualified applicants who meet the required criteria. Other things that can affect your interest rate is your personal credit score, time in business, cash flow revenues, equipment, & down payment for the heavy equipment. The stronger the credit & cash flow volumes, thew lower your interest rate or cost of funds will be.

Financing Speed

Heavy construction equipment financing is as fast as your business requires it to be. We do not have a long line of excessive documents or required collateral sign offs in order to issue an approval. BFC is able to provide equipment financing for heavy construction equipment up to $500,000 in as little as 2 business days as as much as 60M in as little as 2 weeks for qualified applicants. Make sure you have picked the heavy equipment before you contact BFC with all of your required documents.

Reliable Asphalt & Concrete Paving Equipment Financing: Personal & Financial Documents Required

Did your business qualify for heavy equipment financing ? Awesome! Now you'll need to gather all of the necessary paperwork before completing the equipment financing process. Here are the documents that your business will need to apply for BFC commercial equipment financing solution:

- Driver's License

- Voided Check

- Financial Statements - Most Recent Bank Statements

- Business & Personal Tax Returns

- Equipment Quote

The amount of documents & paperwork that your business will have to submit will depend on the type of equipment you are looking to finance.


Where to Get Heavy Asphalt & Concrete Paving Equipment Financing for Your Contractor Business in Florida & The US

If you've already decided the heavy equipment financing is the best solution to purchase your construction equipment, it's time to apply. BFC is helping business owners save time & money by offering a price-match guarantee for qualified business applicants. BFC is a small local equipment finance lender that offers financing for heavy construction equipment. If you do qualify, you should probably take it, since this is the most affordable option in the market.

Heavy Asphalt Equipment Financing & Leasing Tax Benefits

Construction companies that finance heavy equipment receive several benefits that help your bottom line. 90% of corporations in the United States use this trick to save money at the end of the tax year through Section 179C law. This allows business that finance or lease equipment to deduct the full cost of this equipment for up to $1 million in the year of purchase. The best part is that equipment will not be depreciated year after year, you will receive tax savings instead.

Asphalt & Concrete Paving Equipment Financing: The Bottom Line For Your Business

This is all of the information your business needs to start the process of applying for heavy construction equipment financing. BFC has a long term client commitment promise, which means that we will help your business before, during & after the financing of your equipment. We love our customers & take great pride into helping your business grow.

The Following Services Are Offered Only In The US:

Heavy Equipment Financing - Construction Equipment Loans - Heavy Construction Equipment Financing- Heavy Excavator Financing - Heavy Dozer Financing - Bobcat Loader Financing

Alabama, Alaska,  Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida,  Georgia, Hawaii, Idaho, Illinois, Indiana,  Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi,  Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey,  New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania , Rhode Island,  South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming.

Make sure to check any of the links below if you have any questions

BFC Home Page

BFC Financial Center®

BFC Business Loan®

BFC Commercial Truck & Trailer Equipment Financing & Leasing®

BFC Equipment Financing & Leasing®

BFC Factoring®

BFC Equipment For Sale


Heavy Equipment We Finance

Heavy Articulated Dump Trucks

Asphalt Paver Equipment Financing

Backhoe Loader Equipment Financing

Cold Planer Equipment Financing

Concrete Compactor Equipment Financing

Compact Track Loader Equipment Financing

Heavy Crane Equipment Financing

Crawler Dozer Equipment Financing

Dragline Equipment Financing

Heavy Dozer Equipment Financing

Heavy Mining Excavator Equipment Financing

Heavy Construction Excavator Equipment Financing

Stump Grinder Equipment Financing

Wood Chipper Equipment Financing

Forklift Equipment Financing

Material Handler Equipment Financing

Mining & Oil Drilling Equipment Financing

Bobcat Loader Grader Equipment Financing

Road Pulverizer Equipment Financing

Bobcat Skid Steer Loader Equipment Financing

Soil Compactor Equipment Financing

Telescopic Handler Equipment Financing

Track Loader Equipment Financing

Vocational & Heavy Dump Truck Equipment Financing

Wheel Dozer Equipment Financing

Wheel Excavator Equipment Financing

Wheel Loader Equipment Financing

Wheel Pneumatic Roller Equipment Financing

Industries We Finance

Construction Equipment Financing

Plumbing Equipment Financing

Asphalt & Concrete Equipment Financing

Electrical Contractor Equipment Financing

Logging & Forestry Equipment Financing

Farming Equipment Financing

Dump Truck Equipment Financing

Vendor Equipment Financing

Beauty Salon & Spa Equipment Financing

Auto Repair Shop Equipment Financing

Equipment Manufacturer Equipment Financing

Clothing & Apparel Equipment Financing

Human Staffing Business Equipment Financing

Law Office Business Equipment Financing

Preferred Heavy Equipment Manufacturers We Finance

Caterpillar Equipment Financing

John Deere Equipment Financing

Kubota Equipment Financing

Liebherr Equipment Financing

Ditch Witch Equipment Financing

Bomag Equipment Financing

Bobcat Equipment Financing

Takeuchi Equipment Financing

Komatsu Equipment Financing

Kobelco Equipment Financing

Case Equipment Financing

JCB Equipment Financing

Hitachi Equipment Financing

Yanmar Equipment Financing

SANY Equipment Financing

New Holland Equipment Financing

Volvo Equipment Financing

GEHL Equipment Financing

XCMG Equipment Financing

Mobark Equipment Financing

Rayco Equipment Financing

Gomaco Equipment Financing

Mecalac Equipment Financing

Schwarze Equipment Financing

Doosan Equipment Financing

JLG Equipment Financing

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