Finance or Lease Your New or Used Backhoe with Ease
GeNESIS Commercial Capital specializes in backhoe financing, leasing and loans for small and medium-sized business throughout the United States.
Regardless of where you are buying your backhoe, we can provide fast, cost effective financing with rates as low as 4.5% to get you on the road to making money.
We are an A+ BBB rated direct lender, not a big bank, which means you avoid blanket liens, restrictive covenants and other typical bank mandated ‘surprises’.
We also offer an application only program up to $250K to save you time and flexible pay structures like 90-day deferred payments, seasonal payments (and more) that closely match the revenue generated by your new equipment.
Our backhoe financing specialist is standing by to help you get financed. Fill out our quick from to schedule a time to speak to a member of our heavy equipment financing team.
Plus, don’t forget to ask us how a backhoe lease can save you big on taxes with Section 179 tax deductions!
Get Your Backhoe Financed!
Benefits of Financing or Leasing Your Backhoe with GeNESIS Commercial Capital
GeNESIS Commercial Capital features simplified documentation, easy one-page applications, no financial statements (in most cases), accelerated approval times, and more. It’s all designed to give you the equipment you need without delay.
Avoid Bank Restrictions
By leasing, you avoid blanket liens, restrictive covenants, rate escalator clauses, “call anytime” provisions, compensating balance requirements, or any surprises that typically are part of traditional lending arrangements.
GeNESIS will customize your lease payments to closely match the revenue generated by your new equipment. Examples of Flex-Pay Structures include 90-day deferred payments, seasonal payments, and step-up payments.
Meet Our Team
We collectively bring over 40 years of experience in helping business owners just like you finance and lease equipment to grow your business.
We take a personalized approach to identify the best financing solutions for your specific equipment acquisition.
Fill out our short form to get started. We will have a specialist reach out to discuss options to finance or lease a backhoe.
Need help right away? Call us at (949) 428-5521 from 8am to 5pm Pacific Time to speak directly with one of our heavy equipment financing specialists.
Are You a Vendor? We Have a Great Vendor Financing Program for You.
Backhoe Financing Disclaimer
*Not all applicants will qualify for financing or leasing. All programs and rates are subject to final approval by Genesis Capital, and are subject to change at any time without notice. If a transaction is over $250K, then supporting financial documentation will be required. This advertisement is not intended to offer any tax advice or other advice. Applicants should consult with their tax advisers concerning their specific tax situations.
New to Financing? Here is a breakdown of backhoe financing, backhoe leasing and backhoe loan options to help guide you.
Most business owners find us when searching for a backhoe loan with a general need to purchase and finance their equipment. You may not realize it, but there are different ways of funding a backhoe acquisition. Each with its own unique benefits.
Backhoe loans are the most commonly known financial instruments to purchase equipment. They generally include a down payment with varying repayment terms.
A backhoe loan often uses the equipment as collateral, however, the lender many require additional covenants and sometimes file a blanket lien against your business.
When your backhoe loan is paid off, the equipment is yours to continue to use or resell. In these terms, your obligations to the lender are unambiguously complete.
Traditional backhoe loans usually result in the backhoe being a capital expenditure and that effects your financial balance sheet and the way you can depreciate it.
Backhoe loans are a financing option offered by most traditional banks and due to the restrictive covenants it is not a financing structure that we choose to offer.
Backhoe financing is a general term indicating you may be looking for a loan or an equipment finance agreement (“EFA”) in order to preserve your valuable cash or working capital.
Financing provides fixed monthly payments with a range of repayment terms. At the conclusion of your backhoe finance agreement there is no buyout and you will have no future financial obligation to the lender.
Unlike a bank loan, our equipment finance agreements do not require any collateral other than the backhoe. In addition, we don’t take blanket liens, require you to maintain financial ratios, or include other covenants often required by banks.
Leasing a backhoe also provides fixed monthly payments, but has the added benefit of covering 100% of the equipment cost plus any warranties/accessories plus any sales tax.
Similar to an equipment finance agreement, our backhoe leases do not require covenants, blanket liens or additional collateral.
An additional benefit of backhoe leases are the possible tax advantages. We can structure your backhoe lease to meet the requirements of Section 179 tax deductions. Or, we can structure your backhoe lease allowing you to deduct the entire monthly payment.
The major difference between a backhoe financing and a backhoe lease is the added flexibility. You have three options at the end of a backhoe lease: 1) You can return the backhoe and walk away; 2) Or you can purchase the equipment for the pre-set purchase option (i.e. $1.00, 10% or Fair-Market-Value); 3) Or you can continue making the monthly payments until you decide to exercise the purchase option or return the backhoe.
Which Backhoe Finance Solution is Best for Me?
Figuring out whether a backhoe financing agreement or backhoe lease is your best option is exactly what we are here to help you decide.
Our backhoe financing & leasing specialists are at the ready to review your company’s project and needs to craft the optimal solution for your company and your budget.