Equipment and process
Heavy Equipment & Yellow Iron
Financing for excavators, skid-steers, and the rest of your iron.
Yellow iron is the bulk of what JCF funds. Lenders that know essential equipment when they see it, dealers that trust our pipeline, and structures built for operators rather than bank credit boxes.
What we finance
Heavy equipment categories we place every week.
- Excavators
- Dozers
- Skid-steers
- Wheel loaders
- Backhoes
- Telehandlers
- Compactors
- Lifts and aerial work platforms
- Attachments and buckets
Why JCF for heavy equipment
Three things that matter on yellow iron deals.
Lenders that understand essential equipment.
A skid-steer is essential. Banks don't always see it that way. JCF works with lenders that get the difference between a piece of iron you need to make payroll and a nice-to-have add-on.
Challenged credit programs.
B, C, and D paper. A bankruptcy from three years ago. A startup with industry experience. There's a lender for most situations; we know which doors to knock on.
Fast turnaround on dealer deals.
When a dealer needs the deal moved this week, we can usually get terms back same-day and fund within a few business days of complete docs.
How financing works
EFA, loan, or lease — depends on your goal.
Most heavy-equipment deals are structured as Equipment Finance Agreements (EFAs) or installment loans. Typical down payment is 10-20%. Terms run 12-60 months depending on age, type, and credit profile.
Quick primer
What is an EFA?
An Equipment Finance Agreement (EFA) is one of the most common ways small businesses fund equipment purchases. It looks and feels like a lease, but it's technically not one. With an EFA, you own the equipment from day one, and the lender secures their position with a UCC filing or a title lien.
Because you own it, the equipment shows up on your balance sheet, and you handle depreciation on your end. For most operators, an EFA is a cleaner fit than a lease.
Heavy equipment customers
Deals that closed, in their words.
Tim found a lender that understood my need for the skid-steer and got me rates and terms far below the larger lenders. Very nice and helpful guy.
Eric GuillenGuillen Truck Lines, LLC, Fort Hancock, TX Tim went above and beyond. I had never purchased commercial equipment before and we were in desperate need of a flat-bed truck. He explained the process in detail and was clear about how my loan worked. I'll be using Tim again for my next truck.
Marvin HenryH&H Wood Products, Oregon City, OR I was referred by the dealer I was buying the skid-steer from. I'd been turned down by other lenders. Tim got financing in a day and the terms were great. Closed within days, back to work right away.
Casey JonesJ&J Agri Service, Hamilton, MO
Common questions
What buyers ask before they reach out.
A collateral loan uses other lien-free equipment you already own as security for new financing. It's a common tool when your credit profile or time in business makes a lender hesitant on the deal alone.
Lenders typically want a two-to-one ratio. To borrow $30,000 against collateral, you'd put up roughly $60,000 in lien-free equipment. The exact ratio depends on the lender and the equipment, but two-to-one is a reasonable starting expectation.
Credit matters, but it's one factor among many. Lenders also look at time in business, homeownership, the type of business you run, how many guarantors are on the loan, and your history with similar-sized loans.
Strong credit gets you the best rates. Weaker credit doesn't automatically disqualify you. There are lenders that specialize in B, C, and D credit tiers, and we work with them when it makes sense for your situation.
Most lenders consider a business a start-up if it's been operating for two years or less. A few want three.
Start-up financing is harder to secure, but not out of reach. Programs exist for newer businesses, especially when the owner has industry experience, decent personal credit, or a down payment in hand. The terms typically aren't as favorable as those for a five-year-old business, but they get equipment under you so you can build.
Financing partner
The financing partner for Heavy Equipment AI.
Joslen Commercial Funding is the financing partner for Heavy Equipment AI, an online marketplace for new and used heavy equipment and trucks from dealers across North America. Find your next machine there, and we'll line up the financing.
Related reading
Equipment and process
Ready when you are
Get your next piece of iron financed.
We review every application personally and get back within one business day.