Heavy Equipment Financing Secrets Every Contractor Must Know

Real-World Examples and Statistics

According to a survey by the Equipment Leasing and Finance Association, nearly 80% of U.S. companies use some form of financing when acquiring equipment³. This statistic underscores the importance of financing in maintaining competitiveness in the industry. Additionally, the average interest rate for equipment loans ranges from 5% to 15%, depending on the borrower's credit profile and the lender⁴.