Excavator Finance: Compare Loans & Get Approved in 24 Hours

If you're in construction, landscaping, or earthmoving, an excavator is a crucial asset for your business. Whether you're looking to buy a mini excavator, a used excavator, or need flexible financing, securing the right loan is essential to keeping your operations running smoothly.

In this guide, we’ll cover everything you need to know about excavator finance, including loan options, interest rates, and how to get approved quickly.

What is an Excavator Loan?

An excavator loan is a type of business finance designed to help companies and self-employed individuals purchase new or used excavators. Whether you're buying from a dealership or a private seller, tailored financing solutions are available to meet different business needs.

How to Get a Loan for an Excavator

The process of getting an excavator loan is simple:

1. Choose Your Equipment – Decide on a new or used excavator and a make that suits your business
2. Structure Your Loan – Select the loan type, term and balloon payment option
3. Gather Documentation – Provide financial records, ID, and business details
4. Apply for Pre-Approval – Get an estimate of your borrowing capacity
5. Compare Lenders – Work with a broker to secure the best deal
6. Finalise the Loan – Receive approval and complete the purchase

Mini Excavator Loan: How to Finance Compact Machines

Mini excavators are a popular choice for small to mid-sized projects due to their versatility and affordability. Financing a mini excavator allows you to conserve working capital while spreading the cost over time. Our loan options include:

• Low doc, mid doc, and full doc loans for different financial circumstances
• Flexible repayment terms to match your business cash flow
• Balloon payment options to reduce monthly repayments

Used Excavator Loan: Finance Pre-Owned Equipment

Buying a used excavator can be a cost-effective way to upgrade your equipment without the high upfront cost of a new machine. Our financing solutions for used excavators include:

• Competitive loan terms for excavators of different ages
• Options for both private and dealership purchases
• Fast approval within 24-48 hours so you don't miss out on the equipment you want

Excavator Loan Interest Rate: What to Expect

Interest rates for excavator loans vary depending on several factors, including:

• The age and condition of the excavator
• Your business financials and credit profile
• How long you have been in business and your experience
• The loan term and loan amount
• The lender's policies and risk assessment

By working with an experienced excavator loan broker, you can compare multiple lenders to secure the most competitive rates available.

Excavator Loan Rates: How to Get the Best Deal

To get the best excavator loan rates, consider the following tips:

• Improve your business credit score before applying, or at least don't make it worse by applying to the wrong lenders
• Choose the right loan term based on your business needs
• Work with a broker to properly structure your application and access exclusive lender deals

What Kind of Excavators Do You Finance?

We finance everything from 1,000 kg excavators up to 50-tonne excavators. No matter what size excavator you are looking for, we will find the best fit for your business!

Do I Need My Tax Returns Completed to Get Approved for Excavator Finance?

No, we offer low doc loans and alternative ways to verify your income, making it easier for you to get financing without needing completed tax returns.

Can You Finance Excavators from Private Sellers and Dealerships?

Yes! We finance excavators whether you're buying from a private seller or a dealership. Regardless of where you find the right machine, we’ll help you secure the best financing option.

Can I Finance Multiple Excavators at Once?

Yes! If your business needs multiple excavators, we can structure a financing plan that accommodates bulk purchases while keeping repayments manageable. This is ideal for growing businesses looking to scale their operations efficiently.

How Long Does It Take to Get Approved for Excavator Finance?

We specialize in fast approvals! Once you've submitted your documents, you can expect:

• Pre-approval within 24 hours
• Final approval within 24-48 hours (depending on the complexity of the application)
• Funds available quickly to complete your purchase without delays

Why Work with an Excavator Loan Broker?

Using an excavator loan broker like Working Capital Finance Brokers can save you time and money by comparing multiple loan options on your behalf. We specialise in fast approvals and tailored financing solutions to help you get the right equipment without financial stress.

Need Excavator Finance? Get Started Today!

Whether you need a mini excavator loan, used excavator finance, or want to compare excavator loan interest rates, we’re here to help.

📞 Call us at 1300 857 451 or book in a call here to get started today!

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