Equipment is the biggest asset that the companies have and we use that to secure the loan. We will not discount an application based solely on credit because credit problems can happen to good people too.
Los Angeles, CA (PRWEB) December 20, 2014
As a result of the long term side effects of the economic downturn, some owners of construction companies have bad credit. Because of this, they do not qualify for traditional lending. In most cases, they are left with no options.
In response to this, VMI LLC has a new program that specializes in bad credit construction equipment financing. Under this new program, construction companies use their free and clear equipment as collateral to secure a working capital loan. Loans range from $25,000 up to $250,000. Approvals are available in one business day. Funding occurs in a matter of days.
Bad credit construction equipment financing is available for tractors, excavators, bulldozers, loaders, skid steers, graders, scrapers, dump trucks, cranes, forklifts, backhoes, steers and other heavy equipment. Some of the manufacturers they accept are John Deere, Caterpillar, Komatsu, Volvo, Hitachi, Case, Peterbilt, Kenworth, Kubota, New Holland.
Loans against construction equipment provide a way for construction companies to get the working capital they need to fulfill projects, make payroll, take care of outstanding invoices and purchase supplies.
Bad credit construction equipment loans are available in many industries such as construction, excavation, mining, logging, demolition, trucking and grading.
According to Skylar Marshall, Communications Specialist, "Our program is geared towards construction companies with bad credit that need a helping hand to get some working capital. Equipment is the biggest asset that the companies have and we use that to secure the loan. We will not discount an application based solely on credit because credit problems can happen to good people too."
Allowing bad credit construction companies to borrow against their equipment provides them with the working capital they need to save their business. This program is an opportunity for construction companies to be able to breathe a little easier.
To find out more about bad credit construction equipment financing, go to http://www.FinanceHeavyEquipment.com or call toll free at 1-888-838-1945.
About VMI LLC:
VMI LLC provides secured bad credit construction equipment financing for companies that need working capital. Bad credit construction equipment loans are available for excavators, dozers, loaders, graders, scrapers, dump trucks, cranes, backhoes, steers and other heavy equipment. Working capital loans are approved based on the equipment and not just credit.