Skid Steer & Track Loader Financing: How Contractors Fund Their Next Compact Loader

Skid steers and compact track loaders (CTLs) are the workhorses of small to mid-size contracting operations — landscapers, demolition crews, grading outfits, and general contractors all lean on them for site prep, material handling, grading, and dozens of attachment-driven tasks. With so many uses packed into one compact machine, financing a skid steer or track loader is usually one of the easiest equipment purchases for a contractor to justify — the utilization is almost never a question.

Skid Steer vs. Track Loader: Which Fits Your Jobs?

Wheeled skid steers are faster on hard, flat surfaces and cheaper to maintain, making them a favorite for concrete crews, paving contractors, and interior demolition work. Compact track loaders spread their weight across rubber tracks, giving them better flotation and traction on soft, muddy, or sloped ground — the go-to choice for landscapers, site development contractors, and anyone working post-storm or in wet conditions. Many growing contracting businesses eventually finance one of each once their job mix diversifies.

Attachments Change the Math

Part of what makes skid steers and track loaders such a strong financing decision is the attachment ecosystem: buckets, forks, augers, brush cutters, grapples, trenchers, and mulching heads all bolt onto the same machine, turning one financed loader into a half-dozen different tools. When you're budgeting for financing, it's worth rolling attachment costs into the same loan or lease so you're not scrambling for cash on a separate purchase down the road.

Getting Approved for a Skid Steer or CTL Loan

• Skid steers and CTLs are among the most financeable equipment types because of strong resale demand — lenders are comfortable with them as collateral.

• New and used machines both qualify, including private-party and auction purchases.

• Bad-credit and startup-friendly options exist, especially with a reasonable down payment.

• Terms are typically structured to match the machine's useful life, keeping payments manageable relative to what the loader earns you on the job.

Why Owning Beats Renting for Most Contractors

If you're renting a skid steer or track loader more than a handful of times a year, financing almost always wins on cost. Beyond the monthly payment comparison, owning your own machine means it's on-site and ready the moment you need it — no waiting on rental yard availability, no scrambling when a job pops up on short notice, and no losing a day of production because the rental company's fleet is tied up.

BFC finances new and used skid steers and compact track loaders for contractors across the country, with flexible terms for good credit, challenged credit, and startup businesses alike.

Ready to add a skid steer or CTL to your fleet? Visit the BFC homepage or apply for financing now to get moving.