Financing for Your Bulldozer

Bulldozer Financing

Ok, you’re ready to go out on your own. You’re tired of working for the man. You have been grading and clearing land for years and know what it takes. You have great contacts that have plenty of work for you but you don’t own your own dozer. And you certainly don’t have $100K or $60K or even $30K to buy something decent that will keep working for you.

So what are your options? Borrow money from a friend? We all wish we had friends with this kind of money ready to hand out. How about a loan from the bank. Well, it might be worth a try. But banks are not usually interested in lending to new businesses and would likely require excellent credit and a huge down payment. Even if you were able to convince them to take a closer look they would probably require a rock solid business plan and financial covenants to oversee your progress.

There is another option. Equipment Leasing. Getting a lease for the bulldozer you need may be easier that you think. If you have decent credit you could be making money with that bulldozer next week.

What is Equipment Leasing?

Equipment leasing is essentially a long-term rental agreement with a buyout clause. The equipment is owned by the leasing company during the lease while the business has possession of and continual use of the equipment. Since the lender owns the equipment, the equipment itself is usually the only collateral. The buyout clause determines the business’s options at the end of the lease. Typically, buyout options are based upon a percentage of the original sale price (e.g. 10% or 20% buyout) or a fair market value (FMV).

Why would you want an equipment lease instead of a loan?

1. Easier to qualify. Banks usually require financial history of at least 2 or 3 years. Some leasing companies will finance equipment for start-ups with a simple credit application.
2. Improve your cash flow. A new or growing business needs to control cash expenditures. Equipment leases rarely require a down payment. -- if anything, only a few payments in advance. Loans require a significant down payment of up to 25% or more.
3. Tax advantages. Leases are frequently 100% tax deductible. If you are shopping the cost of a loan vs a lease, this is a very important factor that can make the lease a significantly better financial solution.
4. More for your money. Since the initial cash outlay is lower you can get more or higher quality equipment.
5. Other advantages. There are some other advantages depending upon specific situations including balance sheet impacts, seasonal payment options, protection from equipment obsolescence, to name a few.

Who provides equipment leases?

Many large institutions and small companies provide leases. Some of these lenders are focused on credit (good or bad), a specific type of equipment (e.g. bulldozer financing or medical equipment), large or small ticket equipment, or leaseback financing.

Many lenders specialize to be more competitive. If they are working with clients who have less than perfect credit they need to effectively manage any defaults. If a typical bank were to give out a loan on a bulldozer and the business defaults, the bank would likely loose a lot of value when trying to sell it. To offset this risk, banks usually require a significant down payment. A specialized leasing company can minimize this default loss and can therefore provide better terms.

How do you find an appropriate lender?

A good small business loan broker will have access to many funding sources and will be best able to find the right lender for a client. These brokers are similar in function to a mortgage broker where they select the lender and process the paperwork to facilitate the entire lending process.

Back to your Bulldozer.

So, looking for some bulldozer financing? You may want to talk to a business loan broker regarding the advantages of leasing your bulldozer. A lease may help you get started sooner, get a better dozer, and save more of your cash. And it might just save you a lot of money in the long run.

Tim Lawless is President of Unionwide Financial Services. Unionwide provides small businesses nationwide with financing options including: equipment leasing, SBA loans, and accounts receivable financing. One area of specialty for Unionwide is Bulldozer Financing.

Skid Steers - Powered Lifter For The Smallest Of Spaces

When you need to load or carry things in an industrial environment, whether on a construction site or in a loading situation, you sometimes do not have the space that is needed for a conventional lifting device such as a large forklift. You need a smaller vehicle that is both capable of lifting heavy loads and also does not need a lot of room to work in. But that is only half of the problem. There is no point in have a vehicle that fits the environment that you are working in if it is not able to work effectively. As well as being able to fit into the area that you are working in, it needs to be able to move efficiently and to be able to lift heavy loads even if there is not they room to extend the arms for leverage. It was this and many other situations that the skid steer was built to work in.

Skid Steers is a powered lifter that is able to work in the smallest of spaces and to operate effectively in them. Skid steers can even work in spaces where the only room that is available for the machine to maneuver in is the space in which it is situated. This makes the skid steer a very practical machine to own if you are working in small spaces, or need a high degree of maneuverability.

The main reason that the skid steer is able to be so adaptable is the drive system. The wheels are not attached to each other by means of a conventional axel arrangement. This is where the front two wheels and the rear two wheels are connected to each other. This means that the front two wheels cannot turn independently of each other and both need to turn in the same direction at the same time. This limits their ability to turn in a small area and means that they need a much larger area than that which they stand in, to turn. But a skid steer can turn in its own length as the front and rear wheels of each side are attached to each other and so can move the vehicle by turning one side so that the other skids round.

A skid steer is not just maneuverable, but is also very versatile as well. There are any number of applications that can be helped by using a skid steer with the right attachments. They are one of the most useful pieces of small machinery that is available for construction, loading and general maintenance.

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Skid Steers Attachments For The Right Job

A Bobcat skid steer is a very versatile piece of equipment and if you have the right skid steer attachment, then there are a lot of different things that you can do with them. The angle broom is a very useful skid steer attachment, especially if you are trying to keep a site clean but do not want to go to the expense of hiring a full size road sweeper. A skid steer is able to work in small spaces and the angle broom skid steer attachment can also be used to keep every bit of the site clean, unlike a regular road sweeper which is limited as to where it can go because of its size. There is also a water kit skid steer attachment available.

The brush cutter skid steer attachment is very useful if you might have to clear areas of brush. It is a very powerful saw that could quickly clear areas that are overgrown. This skid steer attachment also has a steel deflector as a safety attachment so that the operator is protected from the blades. The brush cutter skid steer attachment is also very useful for cutting fire breaks and clearing field edges.

A very useful skid steer attachment is the digger. This can be attached to the front of the skid steer and used to dig and move large quantities of earth or gravel or rocks. The digger skid steer attachment can also remove tree roots and loosen soil that is too hard to work. Using a skid steer attachment to do your digging can let you get a lot more work done and help you to finish jobs quicker. This is undoubtedly one of the most verstile of the skid steer attachment and will be useful to most people.

Another very good skid steer attachment is the bucket. This means that you can carry much larger quantities and make fewer journeys to move the same amount of stuff. Saving time like this can help to increase profitability and allow you to get the job done more quickly. If you get the right one for your needs then a skid steer attachment can make a real difference to the way that you work. And the more time you save, more that you can do and the more money you make. There are a great many skid steer attachments that can make a difference to the way that you work and they can mean that you can work quicker and more effectively.

Skid Steers Guide - Your online resource for skidsteers including Skid Steer Attachments, and Caterpillar Skid Steers.

Basics of the Skid Loader: Heavy Agricultural Machinery

What is a skid loader?

A skid loader is a stiff frame machine with mechanical arms that can be fitted with attachments for a wide variety of different tools, including a backhoe, hydraulic breaker, pallet forks, angle broom, sweeper, auger, mower, snow blower, stump grinder, tree spade, trencher, and a wheel saw.

Modern skid loaders come in two varieties, a four wheeled system and a rubber track version. Wheeled skid loaders are typically are four-wheel drive and for additional maneuverability, the left and right wheels systems are independent. The track version also referred to as a track loader provides for better digging and pushes performance in higher end models due to less ground disturbance and better traction in un-ideal environments like mud and sand.

History of the skid loader machine

The first three-wheeled front-end loader was invented in 1957 by two brothers, Cyril and Louis Keller, in a small machinist shop in Rothsay Minnesota. The brothers conceived the idea to help a nearby farmer with the ignoble task of cleaning up manure for a pole barn. They wanted to help him, and out of this collaboration the first skidder was born.

This early machine was eventually purchased by Melrose Manufacturing Company and the Kellers brought on to continue development. Since then it has spread to become a highly valued piece of heavy machinery at construction and engineering site around the globe.

What are these machines used for?

Due to the wide array of attachments available for these vehicles , they have many uses, but mostly are employed for scrape material from one place to another, carry materials in a bucket and proceed to load them into a truck or trailer.

Skid loaders can also be used in tight digging situations where factors limit the practically of using a large excavator, like digging a basement under an existing house. In this situation a skid loader would make use of a ramp at the edge of the site. The loader would proceed to use the ramp to carry materials out of the hole. The skid loader would reshape the ramp by making it steeper and longer as the excavation deepened.

Differences between a front loader machine and a skid loader machine

The pivot arms on a skid loader lay behind the driver, alongside the side of the vehicle.

Major machine manufacturers

Major manufacturers for skid loaders include the Bobcat Company, Mustang, Case, New Holland, Komatsu, and Caterpillar www.dunkelbros.com

http://www.dunkelbros.com

Skid Steers Brush Cutter Attachments

If you are working in an environment that has a lot of undergrowth and you need a brush cutter, then it may be a good idea to get an attachment to your skid steer rather than just buying a brush cutter. This can not only save you a great deal of money but it can also be a much more powerful solution. Skid steers have a lot of torque and so can get through the most tangled brush. So if you use a skid steer attachments brush cutter then you should be able to clear the brush quickly. A good skid steer attachments brush cutter can really make a job like clearing undergrowth relatively easy.

If you are buying a skid steer attachments brush cutter then there are a few features that you should look for, to make sure that it has everything that you need to get the job done. The most essential things to look for in you new skid steer attachments brush cutter are safety features. You need to make sure that it has an automatic shut off. This means that the blade will shut down if the blade is off of the ground. If the blade is off the ground and still moving it can be very dangerous and this is a very important safety feature.

Another feature that you should look for in your skid steer attachments brush cutter is a top cover that lifts off so that you can look at the drive parts. This also means that the components are protected from the elements and are not so likely to get damaged. If your skid steer attachments brush cutter has blades that are sharpened on both sides, then they can be used in both directions. This can help to cut costs, as you will not have to replace the blades so often.

If you have a skid steer attachments brush cutter then you need to maintain it well. This is very important as a component like this will get a lot of wear and you need to make sure that it is in good order. You also need to make sure that your skid steer attachments brush cutter is in good condition so that it does the job well. If it has not been maintained well then it might do as good a job as you would want it too on clearing the brush. If you choose well and maintain you brush cutter well then it should do a good job for you and make cutting brush a lot easier.

Skid Steer Sale - Your online resource for skid steers including Skid Steer Brush Cutter Attachments, and Skid Steer Loaders.