Platform Funding offers skid steer financing from $10,000 to $2 million for established construction and landscaping businesses, with funding decisions in 24–48 hours and no collateral required. This construction equipment financing option covers new and used skid steers, whether you’re replacing an aging unit or adding a second machine to keep two crews running at once.
A down skid steer stalls grading, site prep, and material handling all at once — there’s rarely a substitute on site. Traditional bank financing for a single piece of equipment can take weeks of paperwork, which doesn’t help when a crew is standing idle waiting on a replacement. Platform Funding structures skid steer financing around your business’s cash flow rather than a rigid approval checklist, so a working capital gap doesn’t have to turn into a missed bid.
How Skid Steer Financing Works
Skid steer financing from Platform Funding is structured as a capital solution sized to the equipment cost — typically $10,000 to $2 million depending on whether you’re financing a single compact loader or outfitting a fleet with multiple units and attachments. Funding decisions come back in 24–48 hours, and most approved businesses receive funds within a day of signing. There’s no collateral requirement beyond the equipment itself, and repayment terms are built around your business’s revenue rather than a fixed schedule that ignores your slow months.
This works alongside Platform Funding’s broader construction equipment financing programs, so if your needs extend beyond a single skid steer — say, a skid steer plus an excavator or a new work truck — your account manager can structure one capital solution that covers the full purchase instead of separate applications for each machine.
What You Can Use Skid Steer Financing For
- Purchasing a new or used skid steer to replace aging equipment
- Adding a second unit so multiple crews can work simultaneously
- Financing attachments — buckets, augers, grapples, forks — alongside the machine
- Covering the gap between winning a bid and receiving your first progress payment
New vs. Used Skid Steers: What Financing Looks Like
New skid steers come with full manufacturer warranties and the latest emissions and safety features, but they carry a higher upfront cost and depreciate quickly in the first few years. Used units — particularly those with 2,000-4,000 hours — offer a lower entry cost and, in many cases, remaining warranty coverage, which makes them a common choice for contractors adding a second or third machine rather than a primary unit. Platform Funding finances both categories the same way: based on your business’s revenue and operating history, not the age of the equipment. Your account manager can walk through how financing terms differ slightly between new and used purchases, including how loan-to-value considerations shift once a machine has meaningful hours on it.
Qualifying for Skid Steer Financing
Platform Funding looks at your business’s operating history and revenue rather than treating credit score as the only factor. Standard qualification requirements:
- At least 6 months in business
- Average monthly revenue of $12,500 or more
- 3 recent business bank statements
Because skid steers see heavy daily use on active job sites, proper operating practice matters for both safety and equipment longevity — the OSHA Powered Industrial Trucks eTool outlines safe operating procedures worth reviewing with any crew running new equipment.
Explore Related Equipment Financing
Platform Funding finances the full range of construction equipment your business runs day to day:
- Crane Financing
- Bucket Truck Financing
- Concrete Pump Financing
- Bulldozer Financing
- Backhoe Financing
Or see the full picture of what Platform Funding offers construction businesses on the Construction Financing Hub, and learn more about our funding process on the Platform Funding homepage.
Frequently Asked Questions
How much can I get for skid steer financing?
Skid steer financing from Platform Funding ranges from $10,000 to $2 million, depending on whether you’re financing a single unit or multiple machines with attachments.
Do I need collateral to finance a skid steer?
No. Platform Funding does not require additional collateral beyond the financed equipment, and funding decisions are based on business revenue and operating history.
Can I finance a used skid steer?
Yes. Platform Funding finances both new and used skid steers, so you can choose the equipment that fits your budget and project needs.
