Straightforward Approvals for Contractors Who Want to Get to Work
If you're a contractor, builder, or site prep crew looking to finance construction equipment, the last thing you need is a maze of unclear requirements or red tape. At TruckLenders USA, we’re cutting through the clutter to show you exactly what it takes to get approved for a construction equipment loan—no fluff, no guesswork.
If you meet the criteria on this page, you’re ready to apply. Whether you’re buying a new skid steer, a used excavator, or multiple machines, our loan process is built to move fast.
Your credit score is one of the first things lenders look at—but we’re not asking for perfection. We work with contractors every day who have strong—but not perfect—credit.
Here’s what you need to know:
650+ credit score is preferred for fast, easy approvals
We can sometimes work with lower scores with a larger down payment or co-applicant
Soft credit pull only during prequalification—won’t affect your credit score
If you’re not sure where your score stands, go ahead and apply—we’ll let you know where you stand without any risk to your credit.
Your time in business helps us gauge the stability of your company. But we understand that good businesses don’t all have long histories.
Here’s how we look at it:
2+ years in business is the sweet spot
Startups or newer businesses may qualify case-by-case with strong credit and clear revenue history
We also take into account prior experience in the construction industry, even if your current business is new
If you’re just getting started and not sure you qualify, don’t hesitate to apply. We review the full picture, not just your business age.
We understand construction is a cash-heavy business. Revenue is a key metric that helps us determine the right loan size and structure for your company.
$15,000/month or more in gross business revenue is a solid baseline
Higher revenue = more favorable terms (lower down payment, better rates, longer terms)
We may ask for basic documentation like bank statements if needed—but no financials, P&Ls, or tax returns
If you’re just under the $15K/month threshold but have strong credit and time in business, we may still approve your application.
You don’t need to have a big corporation to get approved—but you do need to be a legitimate business.
We work with:
LLCs (single or multi-member)
Corporations (S-Corp or C-Corp)
Sole Proprietors operating under a business name
You’ll also need:
A valid EIN (Employer Identification Number)
A business checking account
A physical or virtual business address and phone number
If you’re still in the process of formalizing your business, we recommend doing so before applying. We can point you toward free resources if needed.
Our application process is built to be fast and paper-light. You won’t need a business plan, tax returns, or profit and loss statements.
Here’s what we do ask for:
Equipment invoice or listing – showing price, specs, seller details (dealer or private party)
Basic business information – entity type, address, EIN, business start date
Driver’s license – to verify identity and match with your application
If you don’t have an invoice yet but are still shopping for equipment, we can often prequalify you while you finalize the deal.
We’re not a bank. We’re not a general finance company. We’re a commercial-only lender that has specialized in construction and vocational equipment loans for over 30 years.
Here’s why contractors choose us:
No tax returns required
No hard credit pull to apply
Fast-track decisions – get approved in as little as 24 hours
Real humans reviewing every deal—no automated rejections
Private party and auction purchases accepted
New or used equipment – we finance the machines that actually get work done
Whether you’re buying a $25,000 mini excavator or a $150,000 dozer, we’ll work with you to structure a deal that supports your next phase of growth.
Ready to move forward? Visit our construction equipment financing hub for more info.
Think you meet the requirements?
Apply now — no hard credit pull, no tax returns, and fast answers from real equipment financing experts.
