Equipment Lending
Heavy Equipment Financing: Excavators to Cranes
The iron is the application. This guide covers how that works for one corner of equipment finance.
Equipment Lending
The short version, then the substance.
Key Takeaways
- Big iron, big numbers
- Valuation reality
- Matching the loan to the work
Big iron, big numbers. Excavators, dozers, cranes, and loaders hold value remarkably well, which makes them excellent collateral at serious loan sizes. The machines that move dirt also move capital.
Valuation reality. Hours, undercarriage, attachments, and maintenance history drive value more than age alone. We underwrite like a buyer at the resale auction would, because if everything goes wrong, that is who sets the price.
Matching the loan to the work. Twelve month terms fit contract-driven operators: the machine mobilizes a job, the job pays the note. For dirt contractors in the San Antonio growth corridors and the industrial Coastal Bend, the work is there. Capacity is the constraint we solve.
The South Texas angle. Averlend underwrites this every week in San Antonio and across Bexar County. If you are working a deal in Alamo Heights or anywhere else in the metro, the theory above comes with a local desk attached: see our San Antonio lending page or send the deal directly.
Questions
Quick answers from the Averlend desk.
The Averlend Promise
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Send the collateral, the numbers, and the exit. An Averlend rep will reach out ASAP, same business day.