This article from Laurelwick Lenders in Lake Havasu City, Arizona answers where builders and site crews finance excavators, mini excavators and skid steers: dealer finance programs, independent equipment lenders and banks. It covers used machines, how long a mini excavator can be financed, the cost of financing a skid steer, and brand finance programs, with Mohave County, AZ counts.
Construction Equipment Financing Companies: What Contractors and Builders Compare
Construction equipment financing companies fall into three groups. Machine makers run captive finance programs through their dealers, which fund their own brand and sometimes offer promotional terms on new units. Independent equipment lenders fund any brand, new or used, and often fund a quote from a private seller or an auction. Banks and credit unions fund equipment for customers they already know, and ask for a fuller file.
| Route | Fits when | What it reads |
|---|---|---|
| Dealer or maker program | Buying a new unit of that brand | Credit, the quote, sometimes little else |
| Independent equipment lender | Used, mixed-brand or private-sale machines | The machine's value, statements |
| Bank or credit union | An established firm with full statements | Returns, financial statements |
Contractors and builders compare all three on total payments, the down payment and whether the lien covers only the machine. Mohave County, AZ had 672 construction employers in 2023, including 153 residential builders and 38 poured concrete contractors (County Business Patterns 2023).
How to Finance a Used Excavator, With Mohave County, AZ Numbers
A used excavator can be financed when its hours, age and condition are documented: an inspection report, service records and photos of the undercarriage. Lenders set the term by the machine's remaining working life, so an older, high-hour machine gets a shorter term and a larger payment. Illustration only, invented figures: a $64,000 used excavator with $9,600 down, financed over 48 months at an invented annual rate of 10%, carries an invented payment of about $1,380 a month (our arithmetic).
Mohave County, AZ numbers give the demand side: the Census Building Permits Survey recorded 1,817 new housing units authorized in the county in 2025, after 2,543 in 2024. Those are new homes only, not commercial work or remodels.
How Long Can You Finance a Mini Excavator? A Checklist for Builders and Subcontractors
There is no standard term; each lender sets it from the machine's age, hours and expected life, and from the business's records. What builders and subcontractors can control is the comparison:
- Ask for the payment at two or three terms, not just the longest.
- Compare the total paid at each term, not only the monthly figure.
- Check whether the term outlasts the time you plan to keep the machine.
- Ask whether paying early carries a charge.
- Set the payment against the thinnest month in your bank statements.
Illustration only, invented figures: financing $52,200 of a $58,000 mini excavator at an invented annual rate of 9% costs about $1,660 a month over 36 months or $1,084 over 60, totaling about $59,758 and $65,015 (our arithmetic). Stretching to 60 months trims each payment but adds to what the crew pays overall.
How to Finance a Mini Excavator: What Lake Havasu City, AZ Owners Gather First
- The dealer quote or the private seller's bill of sale, with serial number and hours.
- Recent business bank statements, every page.
- The latest business return, and the owners' returns.
- A list of current jobs the machine will work on.
- Insurance details for the machine.
- Existing equipment loans and leases, with payments.
Lake Havasu City, AZ owners with this list can phone (928) 437-8609. Equipment financing has a section on builders' machines.
How Much Does It Cost to Finance a Skid Steer? Answers for Excavation and Site Crews
The cost of financing a skid steer is the total of every payment and fee, minus the price. Illustration only, invented figures: a $52,000 skid steer financed over 48 months at an invented annual rate of 9.5% carries an invented payment of about $1,306 a month and a total of $62,707, so the financing costs about $10,707 (our arithmetic). Add any documentation fee and the insurance the lender requires.
Excavation and site crews can also weigh renting a skid steer for short jobs against owning one. The construction page covers how machine payments fit beside payroll and draws.
Kubota Excavator Financing for Lake Havasu City, AZ Specialty Trade Contractors
Kubota and other machine makers run finance programs through their dealers, and those programs may offer terms tied to specific models and dates. Specialty trade contractors should ask the dealer what program applies to the exact unit, what it requires, and whether it covers attachments, then set that offer beside an independent lender's quote for the same machine. Mohave County, AZ had 76 other specialty trade contractors in 2023 (County Business Patterns 2023), many of them small: compare both offers on total dollars.
Laurelwick passes equipment requests to funding partners, who decide; term loans cover larger packages and a line of credit covers fuel and wages between draws.
By Laurelwick Lenders · Updated
