We work with buyers across a wide range of construction and industrial sectors. From directional drills and mini excavators to hydrovacs, trenchers, cranes, dump trailers, and support vehicles - if it’s essential to your operation, we can likely finance it.

Approvals typically range from $10,000 to $600,000, depending on the equipment, your time in business, credit history, and monthly revenue.

No. We have the flexibility to cater to startup and subprime-friendly financing. While better credit can improve your terms, we work with buyers at all stages - including those with low or rebuilding credit.

In many cases, we can get you approved and funded in 24–72 hours, depending on the complexity of the deal and how quickly we receive your documents.

Yes. In many cases, we can pre-qualify you based on your business information. Once you’ve selected your equipment and received a quote, we’ll finalize the approval with the lender. Pre-qualification is a great way to understand what you can afford before shopping.

Absolutely. We finance both new and used construction equipment, depending on the year, condition, and seller.

We specialize in equipment and working capital financing - that’s all we do. No slow underwriting, no unnecessary red tape. Just faster decisions, industry expertise, and real-world flexibility.

Not necessarily. We are typically able to provide a decision without a hard credit inquiry, meaning it won’t impact your personal credit score. In most cases, a soft pull or revenue-based evaluation is enough to get started. If a hard inquiry is needed, we’ll let you know upfront.

Yes - if your business qualifies, lenders may allow you to finance multiple pieces of equipment in the same deal. Whether it’s a drill, a trailer, and a vac truck, we’ll walk you through options that fit your budget and cash flow.

Some lenders require a business license, while others don’t - especially for sole proprietors. If you're just getting started, we’ll help match you with lenders that can work with your setup.

It depends on the lender. Some require at least 2 years in business, while others work with startups. We partner with lenders that offer flexible terms - even if you’re just getting off the ground.

A fixed-rate loan is a financing agreement where the interest rate remains constant throughout the repayment term, ensuring predictable monthly payments. This stability helps businesses plan their budgets with confidence, especially for long-term commitments like Equipment Financing or Small Business Loans. For example, you won’t face unexpected increases in payments due to market fluctuations, allowing you to focus on growth rather than financial uncertainty.

Yes, you can refinance an existing equipment loan through our Equipment Financing program. Refinancing can help you secure better terms, such as lower interest rates or extended repayment periods, to improve cash flow. Contact us to discuss your current loan and explore options that better fit your business needs.

If you miss a payment, you may incur late fees, and it could impact your credit profile. However, we understand that businesses face challenges, so we encourage you to contact us immediately. We’ll work with you to explore solutions, such as adjusting your payment schedule, to help you stay on track.

Yes, financing through REC can offer tax advantages. For example, with Equipment Financing, payments may be deductible as a business expense, and you might be eligible for depreciation benefits on the equipment. We recommend consulting a tax professional to understand how these benefits apply to your specific situation.

A loan term refers to the total duration of the loan, such as 24 months for Equipment Financing. The repayment schedule outlines how often you make payments (e.g., monthly) and the amount due each time. Understanding both helps you manage cash flow—shorter terms mean higher payments but less interest over time, while longer terms lower monthly payments but may increase total interest.

Yes, you can apply for multiple types of financing with REC, such as combining Equipment Financing for new tools and Working Capital to cover operational expenses. Each application is assessed separately based on your business profile, ensuring you get the right solutions for your needs. Start with our online form, and we’ll guide you through the process.

If your business structure changes—such as transitioning from a sole proprietorship to an LLC- you’ll need to provide updated documentation, like a new EIN or registration papers, to reflect the change. This ensures compliance with lender requirements. Reach out to us as soon as possible to update your records and avoid delays in your financing agreement.

For Equipment Financing, we support purchases from private sellers as well as dealers. After you apply, we’ll match you with a lender and coordinate with the seller to verify the equipment details and ensure a smooth transaction. Funding typically occurs within 24–72 hours once terms are finalized, so you can acquire the equipment quickly.

A revenue-based approval means lenders evaluate your eligibility for Working Capital Loans primarily based on your monthly revenue rather than just your credit score. This approach makes funding more accessible for established businesses with consistent sales, even if their credit isn’t perfect, ensuring you can address short-term needs like payroll or marketing.

In some cases, yes. If your business needs change, you can request to extend the term of your loan to lower monthly payments, though this may adjust the interest rate or total cost. Contact us to discuss your situation, and we’ll explore options with our lender network to find a solution that works for you.