An excavator that won’t start or a crane that fails inspection can stop a job site cold. Equipment repair financing gives contractors fast access to capital to repair or replace machinery without waiting weeks for cash to free up.
Why Equipment Failures Are Costly
Construction equipment operates under constant strain, and OSHA’s construction industry guidance outlines how equipment hazards, from cranes to trenching machinery, require ongoing maintenance and prompt attention when something fails. Beyond safety, a broken machine on an active job site means idle crews, missed deadlines, and potential penalties on time-sensitive contracts. Renting a replacement while you save up for a repair adds cost on top of the delay, and waiting on a traditional bank loan is rarely fast enough to matter.
What This Financing Covers
You use equipment repair financing to fix a downed excavator mid-project, replace a failed compressor before an inspection, or repair a truck that keeps a crew moving between sites. It also covers emergency equipment purchases when a repair isn’t worth the cost and a replacement gets you back on schedule faster, or a rental unit to keep a job moving while a repair is underway.
Financing Options
A business loan delivers a lump sum for a specific repair or replacement cost. A construction line of credit works well if equipment issues come up periodically across the year, since you draw funds only when something breaks and repay as jobs get paid. Platform Funding offers both options, alongside equipment financing built specifically for purchasing machinery. Review the complete set of options on the Construction Financing hub.
Eligibility
- 6+ months in business
- $12,500+ average monthly revenue
- 4 months of business bank statements
- No tax returns required
- No collateral required
- No minimum credit score
How It Works
Apply online in under 10 minutes and submit four months of bank statements. Platform Funding delivers a decision in 24-48 hours, with funds typically arriving the next business day so repairs do not sit on hold.
Frequently Asked Questions
How fast can I get funding for an emergency equipment repair? Decisions are delivered in 24-48 hours, with funds typically arriving the next business day after approval.
Do I need to put up the equipment as collateral? No. Platform Funding does not require collateral to qualify for equipment repair financing.
Can I use this financing for a full equipment replacement instead of a repair? Yes. The funds can go toward a repair, a replacement, or any other cost tied to keeping your operation running.
Apply Today
Apply Now, submit four months of bank statements, and get a decision in 24-48 hours.
