equipment financing for construction & contractors
Equipment Financing for Construction & Contractors businesses. Built for construction & contractors cash flow.
Finance the trucks, machines, refrigeration, diagnostic gear, or production equipment your business runs on. The equipment itself serves as collateral, which unlocks longer terms and lower rates than unsecured working capital.
- Max funding
- $1M
- Term
- 2–7 years
- Time to fund
- 24 hours
- Min FICO
- 500+
The short answer
Is Equipment the right fit for Construction & Contractors businesses?
Finance excavators, loaders, trucks, and tools with the equipment as collateral.
Last updated 2026-06-24
Why this fit
Common cash-flow gaps in construction & contractors. Equipment Financing maps to the ones below.
These are the underwriting realities and operational pressures we see most often in this industry.
Payroll Before Payment
Your crew needs to get paid every Friday. Your client pays net-60. That gap is where businesses fail, unless you have the right capital partner.
Material Cost Upfront
Lumber, concrete, steel, suppliers want payment on delivery. You need capital to buy materials before the project generates revenue.
Bid Bond Requirements
Winning larger contracts requires proof of financial capacity. Working capital on hand makes the difference between bidding and sitting out.
Representative scenario
What a typical construction & contractors equipment financing looks like. Numbers below are illustrative.
Your actual offer depends on your bank statement history, time in business, credit profile, and existing debt.
Rates vary by applicant. Representative example only.
Seasonality
When in the year construction & contractors businesses tend to need this capital. Time the draw, not just the deal.
Winter slowdown (Dec–Feb)
Most outdoor trades see a 40–60% revenue drop during the December–February window. Plan a revolving line of credit or bridge capital in Q3 to cover payroll and equipment carrying costs through winter.
Spring ramp-up (Mar–May)
Project backlog jumps as weather improves. This is the period when contractors take on the most capital risk: material deposits, subcontractor down-payments, and expanded crews all hit before the first progress payment arrives.
Peak construction (Jun–Oct)
Five months of peak throughput generate 60–70% of annual revenue. Invoice factoring during this window keeps cash flowing when clients are on net-60.
Year-end close-out (Nov)
Clients rush to close projects before year-end. Short-term funding can bridge the last 30–45 days of the fiscal year when receivables are highest.
Qualification
What we look for in construction & contractors files. Underwriting, in plain language.
- Minimum 6 months operating as a licensed contractor
- $15,000+ monthly revenue
- 500+ personal credit score
- Active business bank account
- Valid contractor license (state-dependent)
Other ICG products for construction & contractors
Not the right fit? Here is what else works in your industry.
Common questions
Equipment Financing for construction & contractors. Honest answers, no fine print games.
QDoes ICG fund sub-contractors or only GCs?
Both. Sub-contractors often qualify faster because their invoicing is more predictable. GCs with net-30/60 client terms are ideal candidates for invoice factoring.
QCan I use funding for a bid bond?
Yes. Short-term bridge capital is frequently used to demonstrate working capital on bid bonds. Discuss the exit strategy with your funding specialist during application.
QWhat documents do you need?
Typically 4 months of business bank statements, a signed contract or work order showing committed revenue, and your contractor license number. No tax returns required for the initial review.
QDo you fund union payroll?
Yes. Revenue-based funding is well-suited to weekly union payroll because daily debits align with your labor cash-out cadence.
QDo I have to buy the equipment from a specific dealer?
No. ICG finances equipment from any reputable dealer, auction, or private seller with a documented invoice or appraisal. New and used equipment both qualify.
QIs a down payment required?
Typically 0–20% down, depending on the equipment type, age, and your credit profile. Many applicants qualify for $0-down financing on new equipment.
QCan I finance used equipment?
Yes. Used equipment under 10 years old with documented hours or mileage is routinely approved. An appraisal may be required for specialty items.
Equipment Financing for other industries
Where else this works. One product, many verticals.
Ready when you are
Ready to fund your construction & contractors business? 24 hours to fund.
Quick application. Soft credit pull only. Real human review.