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Bobcats go by as the most bad-ass work machines in the construction industry. This article will discuss Bobcat skid steers that require $40k to $45k if you wish to purchase this building equipment. With Bobcat equipment financing, you get the necessary financial assistance to get this machine easily, even if you’re a startup that lacks the necessary funds.
This type of financing can be structured as either a loan or a lease, allowing businesses to spread the cost over time while maintaining cash flow for other operational needs. So, let us see what type of companies require Bobcat equipment loaning or leasing today.
| Lender | Highlights |
|---|---|
| Swoop Funding | Swoop Funding offers tailored financing solutions for Bobcat equipment, providing flexible terms and competitive rates. |
| Crestmont Capital | They offer flexible terms from 24 to 72 months with interest rates starting at 3.25%; the amount of loans/leases available here goes from $10k to a whopping $2 million |
| Best Line Equipment | This lender has many amazing limited-time deals on their website, and they claim to give financing to Bobcat machinery with 0% financing |
| Commercial Capital Company | This lender has different credit programs for companies with different credit programs. However, they offer 100% purchase financing, simple online application, DocuSign contract, etc. |
| Bobcat of York | This company basically sells Bobcat equipment but also lets you lease, rent, and finance your purchases. |
GeNESIS Commercial Capital | Contact this lender if you need up to $250k to purchase Bobcat equipment. It also gives you relaxation in the form of 90-day deferred payment & seasonal payment programs. |
| Flagstaff Equipment | This Arizona-based lender lets you finance different equipment types, including Bobcats. |
| Titan Machinery | They give you 0% financing for 48 months. In some cases, you can get mini excavators manufactured by the company Bobcat for just $670 per month. |
| Charter Capital | As mentioned in a previous blog, Charter Capital also offers Bobcat equipment financing. |
| Bobcat Enterprises | Yes, the company manufacturing this equipment also has a button that lets you apply for financing. |
Types of Companies Needing a Bobcat
The company Bobcat announced a list of new/updated products in February 2023 at the CONEXPO tradeshow. This product lineup contained many advanced pieces of equipment for smaller businesses.
To start, let’s look into who can use Bobcat equipment loans. You may need this option if you happen to be:
- Construction companies are the most common buyers of this machinery.
- Landscaping firms also use Bobcats for grading, hauling, site preparation, and other tasks.
- Agricultural businesses use this equipment for tilling, planting, harvesting, etc.
Also, these products manufactured by the Bobcat company are usually included when we’re talking about Bobcat equipment loans:
- Skid steer loaders
- Compact Track loaders
- Excavators
- Mini track loaders:
- Utility vehicles
- Compact tractors
- Telescopic handlers
Top 10 Best Bobcat Loans in the US
If you’re looking to make bobcat equipment purchases, here are some options to consider:
1. Swoop Funding
Swoop Funding offers tailored financing solutions for Bobcat equipment, providing flexible terms and competitive rates. They focus on quick approvals and personalized service, making it easier for businesses to acquire the machinery they need.
2. Crestmont Capital
Crestmont Capital provides fast approvals (within hours) & funding within two business days. They offer flexible terms from 24 to 72 months with interest rates starting at 3.25%, catering to businesses needing quick access to funds. The amount of loans/leases available here goes from $10k to a whopping $2 million!
3. Best Line Equipment
This lender has many amazing limited-time deals on their website, and they claim to give financing to Bobcat machinery with 0% financing. The repayment time can be as low as 24 months.
4. Commercial Capital Company
This lender has different credit programs for companies with different credit programs. However, it offers the following amazing benefits:
- 100% purchase financing
- Simple online application
- DocuSign contract
- Quick funding decisions
- Flexible payment options and terms
- No debt on the owner’s personal credit reports
- Eligibility for all new and used equipment purchases
5. Bobcat of York
This company basically sells Bobcat equipment but also lets you lease, rent, and finance your purchases. So, you should get in touch with Bobcat of York to better understand their rates and payment schedules.
6. GeNESIS Commercial Capital
Contact this lender if you need up to $250k to purchase Bobcat equipment. It also gives you relaxation in the form of 90-day deferred payment & seasonal payment programs.
7. Flagstaff Equipment
This Arizona-based lender lets you finance different equipment types, including Bobcats. You just have to fill out a simple form and get access to high-grade Bobcat equipment financing right away.
8. Titan Machinery
At Titan Machinery, you can get Bobcat mini excavators financed easily. They give you 0% financing for 48 months. In some cases, you can get mini excavators manufactured by the company Bobcat for just $670 per month.
9. Charter Capital
As mentioned in a previous blog, Charter Capital also offers Bobcat equipment financing. This lender usually prefers businesses with a credit score of 640. However, they can finance diverse Bobcat equipment purchases for US-based builders.
10. Bobcat Enterprises
Yes, the company manufacturing this equipment also has a button that lets you apply for financing. This way, you can get pre-owned Bobcat equipment financed with flexible terms for your American business.
Types of Bobcat Equipment Financing Options
A survey claims that Bobcat compact truck loaders are among the most financed machines in the construction industry. After all, Bobcat manufactures products for farming, agriculture, and construction! Here are some financing options available to anyone who wishes to buy a Bobcat machine:
- Balloon Financing: Besides loaning and leasing, you can get a Bobcat machine via balloon financing. This option involves lower monthly payments with a larger payment at the end; this larger one is called a balloon.
- Working Capital Loans: You can get these loans from lenders; these loans come up in shorter terms but unusually high interest rates. However, if you need quick funding, use this option.
- Refinancing: Businesses that already own Bobcat equipment consider refinancing existing loans to secure better terms or lower interest rates, freeing up cash flow for other investments
Bobcat Equipment Loans: Are You Eligible?
Even pre-owned Bobcat machinery can be priced around $40,000. That’s why you should look into Bobcat equipment financing and check your eligibility.
Eligibility Criteria
- Like always, you need to have a credit score of over 600. However, some lenders will be okay with this purchase even if your credit score is in the mid-500s.
- You have to provide financial documentation, including the following:
- Tax returns
- Annual financial statements
- Business bank statements
- Asset & liability details
- As a new startup looking for Bobcat equipment loans, you may have to search for lenders offering low documentation (Low-Doc) or no documentation (No-Doc) options.
- The value of the Bobcat equipment in question plays a key role in this regard, too.
- Your creditworthiness may convince some lenders to seek a smaller down payment.
Application Process
- Gather all the necessary documents, such as tax returns, bank statements, and other details regarding the Bobcat equipment in question.
- Choose a lender of your choice and compare interest rates (using the table that we created above).
- Complete the financing application provided by the lender by entering your details, such as credit history, business information, and everything else.
- Wait for the approval process to take its time and then review the terms & conditions.
- If you’re satisfied with these terms, sign the contract and finalize this process.
Financing Bobcat Equipment: Pros and Cons
| Pros | Cons |
| You can get the latest Bobcat models, such as the T7X electric skid steer. | High-interest payments over the loan term can make this method a bit costly. |
| Collateral-based loans will be more forgiving when it comes to your credit score. | You must keep making payments to your lender no matter what your business’s financial health is. |
| Many financing programs offer 100% financing with little or no down payment required. | In leasing agreements, businesses may have less flexibility regarding modifications or customizations of the heavy equipment. |
| Bobcat financing often has a faster approval process, with funding available in as little as 2 business days. | Financing commitments can tie up cash flow for extended periods (e.g., 5 to 7 years). |
Choosing the Right Lender for Bobcat Equipment Financing
Here’s how you should look into which lender works for you:
- Compare the interest rates quoted by different lenders.
- Check their loan repayment terms and make sure that they align with your business’s cash flow.
- Consider working with lenders who offer fast approval (preferably 24-hour funding).
- Look into your lender’s credit requirements, especially if your credit score is below 600.
- Determine whether you prefer a loan or a lease since each has its own advantages depending on your business needs.
If you need help understanding which bobcat equipment financing option is better for you, we provide amazing reviews of different lenders and their services.
Get in touch with us at Sophisticated Investor to learn more about your loan/leasing options in the United States. Take your business to new heights by purchasing or leasing the latest Bobcat equipment to take your building business to new heights.
Don’t forget to look into construction equipment loans & financing options as well.
Bobcat Equipment Financing: FAQs
Q. How quickly can I get approved for Bobcat financing?
- The approval process takes about 24 hours (or less). The funding becomes available in 2 business days if you meet all the necessary conditions and have your documents readily available.
Q. Must I pay a down payment to borrow Bobcat machines?
- Even though many lenders offer options for 100% financing with no down payment, some may require a small down payment based on your credit profile and various other factors.:
Q. Are Bobcat attachments financed as well? True, a lot of lenders let you bundle different attachment financing options with your Bobcat equipment purchase. In most cases, you can use the same loan terms as the machinery itself.
Brandi is a financial writer and entrepreneur with decades of expertise covering U.S. business and financial topics. Her work has been featured on Consumer Affairs, ASBN Small Business Network, Koho and many other top financial publications.
