Are you Curious about getting excavator financing with bad credit? Have you been told “no” by a dealer or vendor that sells excavators? Maybe you haven’t tried or applied for an excavator loan yet, but you’re fully self aware that your credit needs some work at the moment. Hence, you may have a little self doubt in terms of the possibility of financing that excavator at the moment.

Great news! As a broker, we work with a wide range of lenders, giving us the ability to match business owners with the best possible options. We have numerous lending partners for those with strong credit, but more importantly, we offer plenty of solutions for those facing even the most challenging credit situations, and everything in between.

We’ll explore some of the excavator financing options available for individuals with bad credit.

yellow excavator sitting on top of a pile of gravel with lush green trees in the background on the website for the broker's blog post about getting excavator financing with bad credit
Excavator Financing with Bad Credit

Recognizing that poor credit comes in varying degrees, we’ll cover financing solutions for both the most challenging credit situations and those with slightly better, yet still less-than-perfect, credit.

Please contact us at Info@TheBroker.Finance for more info about excavator loans with bad credit or at (714) 271-8524

Specific Credit Issues That Can Hinder Excavator Financing With Bad Credit

There are many credit-related factors that can impact your ability to secure excavator financing if you have bad credit. As an equipment leasing and financing broker, we have partnerships with a wide range of banks, lenders, equipment financing companies, and private money financiers. Our goal is to assist business owners with less-than-perfect credit in obtaining the equipment they need to start, grow, or enhance their small businesses.

We’ll talk about a couple options that may help you finance your new or used excavator.

Here are some credit challenges we can potentially overlook when financing an excavator with less-than-perfect credit:

  • Credit scores DO NOT matter for some programs
  • Bankruptcy (recent, but does need to be dismissed or discharged, but can be as recently discharged as yesterday).
  • Repo’s
  • Judgments Ok
  • Works for private party sales
  • Too much revolving credit on credit report
  • Start Up construction / contractor companies that use heavy equipment
  • Tax liens
  • Owner / Operators
  • Slow pay on revolving accounts

Please contact us at Info@TheBroker.Finance for more info about excavator financing with bad credit or at (714) 271-8524

Excavator Loans with Bad Credit Option 1 (Worst of Credit)

We work with several lenders who can provide financing for excavators, even for those with the most challenging credit situations. Here’s how it works: we have a few options that allow us to offer financing to almost anyone.

  1. If you have a down payment of 25% – 40% then we have a lender that will finance your excavator for almost any credit scenario
  2. If you don’t have a down payment to the tune of 25% – 40%, you can potentially pledge secondary collateral. Typically, they are looking for a 1:1 ratio in terms of the secondary collateral. Below is an example:

Let’s say you have a Kenworth T-800 dump truck (or any other heavy equipment, commercial vehicles, yellow iron, etc.) that’s got an auction value of $42,000 and it’s free and clear with no liens. This free and clear truck can be pledged as secondary collateral to help you finance a new excavator despite your credit issues. In this scenario, they are looking for a 1 to 1 ratio, so you’d be able to finance an excavator for up to $42,000 with almost no down payment.

Please contact us at Info@TheBroker.Finance for more info about excavator truck financing with bad credit or at (714) 271-8524

Excavator Financing with Bad Credit Option 2 (Less Damaged Credit)



We work with another lender who offers financing for heavy equipment with a down payment of around 35%, even for clients with credit scores below 570. This lender values understanding the background of your financial situation and is particularly interested in hearing about your future plans, such as any jobs or contracts you have secured with the new credit.


There are no strict guidelines in place. They do offer basic guidelines, but I’ve seen them approve financing outside of those parameters as well.

Here is an example of a transaction funded by this lender:

A Texas contractor with over 25 years of experience found himself in need of an additional dump truck during the COVID-19 pandemic to keep up with high demand. However, traditional lenders, such as banks, declined his request due to a minor charge-off and a debt settlement that had occurred more than four years prior. The deal was appealing to this particular lender because the contractor provided a 50% down payment and the collateral showed strong auction comparisons.

Lender’s Solution:  $40,750 36-month term loan

Collateral:  2014 Freightliner Cascadia CA12DC Quad-Axle Dump Truck priced at $81,500

Please contact us at Info@TheBroker.Finance for more info about excavator loans with bad credit or at (714) 271-8524

We operate as a broker, partnering with numerous top lenders who can accommodate a wide range of credit and business situations. If your specific scenario isn’t mentioned here, feel free to reach out to us by phone, text, or email. Let’s connect and explore how we can help you secure the new equipment your business needs.

In addition, we may be able to help with revenue based working capital via our partner DAC

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