Excavator financing through Platform Funding provides $5,000 to $3,000,000 for new or used equipment. Repayment occurs as a percentage of daily revenue over 3 to 18 months with no fixed monthly payment, no collateral required, and funding decisions typically delivered in 24 to 48 hours. This structure supports contractors performing excavation work without locking cash into rigid schedules.
Loan, Lease, or Revenue-Based Financing: How They Compare
Equipment Loans: Fixed monthly payments over 24 to 72 months with the excavator often serving as collateral and ownership transferring at the end. These structures frequently reference traditional programs such as SBA 7(a) loans.
Equipment Leases: Lower monthly payments with the option to return, upgrade, or purchase the machine at term end. The lender retains ownership during the lease period.
Revenue-Based Financing: Repayment adjusts automatically as a percentage of daily revenue with no collateral and no prepayment penalties. Payments decrease during slower periods and rise with stronger revenue.
Typical Requirements
Credit Score: No strict minimum required. We evaluate revenue and business performance instead of relying solely on credit history. See guidance from the Consumer Financial Protection Bureau on how scores are used across lenders.
Time in Business: Typically at least 12 months.
Monthly Revenue: Typically $10,000 or more in average monthly revenue.
Mini Excavator Financing
Mini excavator financing follows the same revenue-based structure but targets compact machines ideal for landscaping, utility work, and tight job sites. These units often cost less upfront, which can mean faster approval and shorter repayment windows of 3 to 18 months.
Contractors in excavation and utility trades frequently choose mini excavators to expand capabilities without large capital outlays. Platform Funding structures terms around your actual sales, making payments manageable even when project schedules vary.
New vs Used Equipment and Tax Considerations
Both new and used excavators qualify for revenue-based financing. This approach lets businesses acquire equipment without absorbing the full cost at once. Contractors should discuss Section 179 depreciation eligibility with their tax advisor for either new or used equipment purchased through financing.
Where to Get Excavator Financing
Manufacturer Captives: Brands like Bobcat and Kubota often run seasonal promotions but require going through a specific brand program.
Traditional Banks: Competitive rates are available but approval moves slower and credit requirements tend to be stricter.
Alternative/Revenue-Based Lenders: Platform Funding falls here and delivers faster decisions with no collateral required. This option suits contractors who do not fit the traditional credit-score box. Additional resources are available through USA.gov business tools.
Qualifying and Applying with Platform Funding
Businesses in the construction sector can start by confirming they meet the general guidance of 12 months in operation and $10,000+ average monthly revenue. A dedicated account manager reviews revenue performance and provides a decision within 24 to 48 hours. Apply now to begin.
Pairing Excavator Financing with Other Equipment
Many contractors combine excavator financing with additional assets such as dump trailers or other machines through heavy equipment financing. This builds a complete fleet while keeping repayment tied to revenue. See more options on our construction industry page and construction equipment financing resources.
According to OSHA construction guidelines, proper equipment supports safer job sites. Businesses can also review tax treatment details through the IRS small business resources. Apply now to explore revenue-based financing for your next excavator purchase.
