Bobcat Financing: 15 Offers to Help You Save Big in 2024

Choosing the right Bobcat financing can directly impact how much value you get from your equipment. Some financing options can protect your bottom line and even boost your Bobcat’s resale potential.

From deals with flexible terms to special rates, here are the top financing offers to help you make the smartest choice for your business:

Bobcat One-Stop-Shop

If you want to get financing for a Bobcat purchase, you can apply for a lease on Bobcat’s own website. The Bobcat one-stop shop provides a wide range of purchasing and financing options to its prospective customers. Once you apply for financing, you are connected to the closest dealership that is ready to set up a payment plan for you.

While this avenue of financing has a high approval rating, it does take into account your credit, business history, and annual revenue/income. If you’re good on those fronts, then getting your Bobcat financed directly from the vendor is the simplest path forward.

Bobcat Local

Bobcat Plus is Wisconsin’s largest Bobcat dealership, while Atlas Bobcat is one of the largest Bobcat dealers in Illinois. When looking for places to buy Bobcat equipment, you’ll find plenty of businesses bearing the brand name. These are usually local dealers of Bobcat. From “Bobcat of Atlanta” to “Bobcat of Omaha,” you will find plenty of dealers across America.

Almost all dealers of Bobcat offer similar financing terms because of the manufacturer’s partnerships with financial service providers. Bobcat has struck financing partnerships with different banks and credit providers. These finance partners make their credit accessible via authorized dealers. So, you can drive to your local Bobcat dealer and ask if he can arrange financing for your purchase.

Remember that the dealer might push you to purchase the higher-spec equipment, but the financing options officially provided by Bobcat aren’t limited to specific purchases. You can always check out the next dealership if you feel like you’re being cheated.

First Capital Business Finance

If you don’t want to fund your Bobcat purchase via dealer financing, you can cut out the dealer and request financing directly from a credit provider. Usually, business financing companies are more comfortable bankrolling heavy equipment purchases.

First Capital Business Finance is one of the credit providers that businesses can rely on for Bobcat financing. It offers $10,000 to $2 million in financing and requires no downpayment. Moreover, loan payments are tax-free, and you can score interest rates as low as 3.2%. Tenures for paying off the equipment can be quite flexible, with a 72-month maximum.

Wells Fargo

Most Bobcat dealers in the US offer Well Fargo financing. But you don’t have to go through the dealer to get your Bobcat financed. Wells Fargo can be directly approached for financing, and it, in turn, approves an installment plan that the dealership honors.

When you apply for financing from Wells Fargo, you must be prepared to meet its high standards for credit request approval. Wells Fargo Equipment Finance is responsible for approving and providing financing for Bobcat purchases, and it usually approves under 13,000 applications each year.

Synchrony

GE Capital was the financial services arm of General Electric. It used to be the primary financing provider for Bobcat in the US and Canada until its relationship was bought by Wells Fargo. Now, GE Capital is known as Synchrony.

Synchrony is a tech-forward financial services provider that has partnered with Bobcat and other equipment manufacturers. Whether you’re looking to finance a Bobcat purchase or intend to buy alternative brand heavy equipment in installments, Synchrony is a financing provider worth considering.

You cannot really approach Synchrony to receive cash loans for your Bobcat purchase.

Authorized Bobcat dealers have access to Synchrony’s tech and can use it to find the best financing solution/package. It is available at over 500 Bobcat dealers in the US.

Charter Capital

Charter Capital is different from most financing providers covered in this post in a very significant way: it specializes in equipment financing. Charter’s experience with funding equipment acquisition works in your favor. On average, the more uncertain a credit provider is, the higher the interest rate it charges.

Charter Capital can comfortably finance your Bobcat purchase, provided that you meet its credit and revenue requirements. As long as your credit score is over 600, your financing request has a high chance of approval.

Genesis Commercial Capital

If your credit score isn’t high enough to get a walk-in financing approval, then you cannot rely on a single credit provider. You might have to apply for financing across multiple credit providers. Genesis Commercial Capital is one of the first financing avenues to consider because it isn’t limited by bank restrictions.

Genesis Commercial Capital promises to provide financing without rate escalator clauses and sudden “loan calls.” However, you have to qualify for financing before you can avail yourself of these perks.

When you apply for Bobcat financing, you don’t necessarily have to include financial statements. The finances of your business become relevant only if your FICO score isn’t high enough.

Harbour Capital

Financial Services partnerships happen at all levels of the heavy equipment industry. Where Wells Fargo has a relationship with Doosan Bobcat, smaller credit providers have relationships with individual Bobcat dealerships.

Harbour Capital has signed a deal with Best Used Bobcat, which is a second-hand Bobcat dealership.

Usually, Bobcat-backed financing is skewed in favor of new purchases. So if you want to buy a used Bobcat, it is best to request financing from a credit provider that specializes in used equipment financing.

Clear Business Finance

After a handful of rejections or unreasonable offers, most equipment buyers learn that business financing is a game of volume. Clear Business Finance can make your job easier by taking one application and multiplying it across 60 credit-providing partners.

By fetching preferential rates from selected providers, Clear Business Finance can help you select the best deal for your credit score and annual revenue. The alternative is to request individual quotes directly from the providers, which is time-consuming.

Smarter Finance USA

Smarter Finance USA is not a financing provider, but it does fetch quotes from multiple sans-bank credit companies. It has a dedicated Bobcat financing query page that also lists how much you can expect to pay per month on your Skid Steer lease.

According to Smarter Finance USA, you can expect to pay $670/month for three years to pay off a used Bobcat if you have really good credit.

With medium credit, the same equipment purchase would be services with $716 to $735. And if your credit is fair or poor, you can expect to pay $811 and $916, respectively.

BFC Finance

Business Financial Consulting (BFC) positions itself as a financing provider for people with “good or bad credit.” Usually, businesses that brand themselves as credit providers for good as well as bad credit are middlemen that locate and match ideal lenders with borrowers.

You can apply to lease a Bobcat on BFC Finance’s website. It can arrange $10,000 to $100,000 in potential funding via its partner lender network. The size of the loan that credit providers are willing to approve depends on your credit score and business financials.

While the specific terms of loans can vary from lender to lender, BFC asserts that it fetches the most favorable rates and terms for its clients. Unfortunately, BFC’s model of lender-matching doesn’t create a very transparent environment.

As a result, you cannot be sure of the terms you’ll get until you’ve submitted your information to Business Financial Consulting.

Access Capital Corp

Bobcat’s financing partners, like Wells Fargo and Synchrony, proudly brand themselves as Bobcat financing providers. Even credit providers that have partnered with individual dealerships position themselves as facilitators of Bobcat buyers.

Access Capital Corp doesn’t associate itself with the Bobcat brand. However, it is an equipment financing provider on the vendor side.

In other words, you can buy a used Bobcat from a business that might not have a financing partner and can suggest Access Capital Corp to the seller. Any business that sells equipment can partner with Access Capital Corp to provide easy installment options with minimal risk to the seller.

Access Capital is different from other providers in this post because it entertains funding requests from vendors/sellers. If you cannot find a seller motivated enough to sell his Bobcat in installments, then knowing about Access Capital Corp won’t be an advantage.

But if the only reason a seller won’t agree to installments is that he’s unsure about your ability to honor the terms, you can present Access Capital as a potential credit provider.

Crestmont Capital

Unlike vendor-first credit providers, Crestmont Capital accepts applications from buyers. A business that needs a Bobcat and has strong enough fundamentals to get approved for a loan can get quick equipment financing from Crestmont Capital.

Your loan request will be approved or rejected within 3 hours on average. If approved, you’ll receive the funding in 2 business days.

Crestmont Capital doesn’t require a downpayment and can create a fixed pricing structure to facilitate easy pay-offs. If your credit score is high enough, you can get a lease for interest rates as low as 3.25%. Crestmont’s loan tenures are 24 to 72 months long.

The due date of the individual payments can be set at a monthly or quarterly frequency. If you choose annual and semi-annual payments, then the interest rates might shift accordingly. Crestmont Capital is considered a financing option for business owners with good credit.

SBA Loans

Where standard credit providers give loans to business owners with 650 or higher FICO scores, SBA loans are reserved for those with an even higher credit score.

Only 15% of the applicants are approved, but the ones that get SBA funding enjoy generous terms, including tenures that can go up to 10 years, 90% funding for the total cost, and low down payments.

Many business owners might still be discouraged by the SBA’s high rejection rate. 85% of SBA loan applications get rejected because most of them are not backed by strong financials or a decent credit score.

If your credit score is over 620, and your business has over $100,000 in annual revenue over the past three years, you stand a chance to be among the 15% approved for SBA loans.

Farm Credit

There’s a lot of competition for SBA loans, so you might want to niche down into a more industry-specific loan. If you want to buy a Bobcat for your farm, then you can get it financed with Farm Credit.

Farm Credit System (FCS) is a network of cooperative credit providers. As the name suggests, it specializes in financing agriculture-related expenses.

From land loans to barn construction and operating expenses to equipment financing, you can use Farm Credit for a wide range of business moves as long as your business is strictly in the agricultural field.

If you want to buy a Bobcat to open an independent skid steer operating business, then you might not get approved for a Farm Credit line.

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