We provide a real working capital solution to construction companies when they get declined for loans from traditional lenders. We get them money fast because in the construction industry, time truly is money.
Los Angeles, CA (PRWEB) November 13, 2014
VMI LLC, a nationwide asset-based funding source, provides flexible loan solutions for construction companies with heavy equipment. The equipment is pledged as collateral.
They have just announced an application only program. Under this program, a construction company can get working capital ranging from $25,000 up to $250,000 with only a completed one page application and equipment list.
The process is simple. It takes one business day to get a response and funding happens in a couple of days.
Under this program, construction companies are able to get loans against construction equipment that is owned free and clear. The construction equipment is refinanced enabling the business to pull out equity to use as working capital.
The program focuses on the collateral, not just the credit of the guarantor. Bad credit is accepted. This working capital program is available to a variety of industries, including excavation, grading, demolition, paving, wrecking, hauling, drilling, underground utilities and many more.
Construction equipment financing is suitable for heavy equipment of all varieties, including tractors, loaders, graders, excavators, cranes, skidders, water trucks, rigs and dump trucks. These often include well-known brands like Caterpillar, John Deere, Case, Komatsu, Hitachi, Volvo, Kenworth and Peterbilt.
As the number of construction projects increases so does the need for working capital.
Because traditional lenders have stopped lending to this industry, construction companies must use alternative methods to get the working capital they require.
Construction equipment financing provides a flexible lending solution to companies that require much needed working capital.
Skylar Marshall, Communications Specialist of the VMI, remarked, “We provide a real working capital solution to construction companies when they get declined for loans from traditional lenders. We get them money fast because in the construction industry, time truly is money.
Traditional lenders have abandoned the commercial construction industry, but we are ready to provide construction companies with the working capital they need.”
To find out more about construction equipment financing, please visit http://www.FinanceHeavyEquipment.com
About VMI LLC:
VMI LLC provides secured construction equipment financing for companies that need working capital. Construction equipment funding is available for tractors, excavators, bulldozers, loaders, graders, scrapers, dump trucks, cranes, forklifts, backhoes, steers and other heavy equipment. Working capital loans are approved based on the equipment and not just credit.