Backhoe Financing

Finance or Lease Your New or Used Backhoe with Ease

GeNESIS capital group 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 4.99% 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 Capital Group

It’s Simple

GeNESIS Capital Group 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.

Flex-Pay Structures

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 financing or leasing your 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. What you may not realize is there are different ways of financing a backhoe that are available and have various benefits and drawbacks.

 

Backhoe Loans

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 Financing

Backhoe financing is a general term indicating you may be looking for a loan or a lease. However, there is a product called an equipment financing agreement (EFA) that fits somewhere in between a lease and a loan. A backhoe financing agreement is an alternative to a backhoe lease, but is similar in structure to a backhoe loan.

There are usually fixed monthly payments with a range of repayment terms. At the conclusion of your backhoe finance agreement there is no further buyout at the end of the term and you will have no future financial obligation to the lender.

Unlike a backhoe loan, the real advantage of a backhoe financing agreement is that the equipment is usually the only collateral required to secure the financing. In addition, there may be less requirements on financial ratios, blanket liens and other covenants that a more traditional backhoe loan may require.

 

Backhoe Leasing

Leasing a Backhoe is similar in that you may be required to make a down payment (although you may qualify for 100% financing) and you make monthly payments to the lender. However, although you take possession and use the backhoe, you do not own it. At least not right away.

Depending on the structure of the backhoe lease, the backhoe may or may not be required as collateral. Also, there are generally not additional covenants, blanket liens or additional collateral required.

The major difference with an backhoe lease is that there are different types. If you plan on using your backhoe long after the lease ends, a $1 buyout options may be the way to go.

If you are unsure, there are fair market value backhoe leases where you can decide if the agreed upon price at the end of the lease is worth the equipment and the condition it is in.

If you don’t have plans to keep the equipment after the term of the lease, you can opt for a walk-a-way backhoe lease where you return the equipment to the lender while you decide what to do next.

Leasing a backhoe may also convert the expense from a capital expenditure to an operating expenditure that qualifies for Section 179 tax deductions. These backhoe lease tax deductions may allow you to write off all of the purchase in the first year, rather than depreciating the backhoe over time.

 

What Backhoe Financing Solutions is Best for Me?

Figuring out whether a backhoe financing agreement, backhoe loan or lease for a backhoe is your best option is exactly what we are here to help you decide.

Our backhoe financing specialists are at the ready to review your company’s project and needs to craft the optimal solution for your company and your budget.