How to Finance Your First Piece of Equipment

Everything you need to know before applying for construction equipment financing

Starting or scaling your construction business often begins with securing the right equipment. But buying your first directional drill, mini excavator, or skid steer outright isn’t always realistic. That’s where equipment financing comes in.

At Republic Equipment Capital, we help first-time buyers secure funding with terms designed to support long term growth-especially for small businesses and startups.

1. Why Finance Instead of Pay Cash?

• Preserve cash flow – Keep your reserves for payroll, fuel, and growth.

• Access better equipment – Financing opens the door to higher quality gear.

• Build business credit – Making on-time payments boosts your credibility with lenders.

2. What Lenders Look For

• Time in business (some lenders accept startups!)

• Equipment quote or invoice

• Credit score and business cash flow

• Proof of insurance and business license

3. How to Prepare

• Know what equipment you need and get a written quote from a dealer

• Gather recent bank statements and business documents

• Be ready to explain how the equipment will help you generate revenue

4. Avoid These Mistakes

• Applying without a quote

• Only applying to one lender

• Assuming you need perfect credit

• Waiting too long-dealers may sell the equipment you want

5. We're Here to Help

Whether you’re just starting out or expanding your crew, we can connect you with lenders who specialize in small business and subprime financing.

Have a piece of equipment in mind? Start your application today or contact us with questions-we’ll walk you through the process from start to funded.