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Equipment Loans for Skid Steers and Compact Loaders
Skid steers and compact track loaders are some of the most versatile machines in construction, landscaping, farming, and snow removal. Whether you're starting a business or scaling up, buying one outright can strain your cash flow. Fortunately, equipment loans for skid steers and compact loaders let you spread out the cost and put your new machine to work right away.
✅ Featured Snippet Answer:
Can I get a loan for a skid steer or compact loader?
Yes, you can finance skid steers and compact loaders with equipment loans offering fixed monthly payments and terms up to 7 years.
Why Finance a Skid Steer or Compact Loader?
These machines typically cost $25,000 to $80,000+, depending on brand, size, and attachments. Financing helps you:
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Preserve working capital
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Expand your services and bidding power
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Own high-quality equipment with manageable payments
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Start working (and earning) right away
Related: Financing Excavators and Backhoes: What You Need to Know
Top Loan Options for Skid Steers and Loaders
🏗️ 1. Standard Equipment Loans
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Fixed terms (24–72 months)
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Interest rates based on credit and business profile
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You own the machine once the loan is paid off
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Often allows bundling of attachments and delivery costs
✅ Great for contractors, landscapers, farmers, and snow removal companies
🏦 2. SBA 7(a) Loans
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Up to $5 million for qualified businesses
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Long repayment terms and competitive rates
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Slower approval process, but ideal for larger purchases or multiple machines
🔁 3. Dealer Financing
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Offered by brands like Bobcat, Caterpillar, CASE, Kubota, John Deere
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May include promotional rates (e.g., 0% for 24 months)
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Often faster approval, but may require a larger down payment
Sample Loan Breakdown
| Machine | Cost | Loan Term | Estimated Monthly Payment |
|---|---|---|---|
| Compact Skid Steer | $32,000 | 60 months | ~$645/month |
| Compact Track Loader | $52,000 | 60 months | ~$1,040/month |
| With Attachments Bundle | $68,000 | 72 months | ~$1,195/month |
What Lenders Look For
To get approved for an equipment loan, you'll typically need:
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A business license or EIN
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Quote or invoice for the equipment
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3–6 months of bank statements or recent tax returns
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Minimum credit score (usually 600+)
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Time in business (startups can still qualify)
Related: Equipment Financing 101: Everything You Need to Know
Summary: 3 Best Loan Options for Skid Steers & Loaders (Snippet-Ready ✅)
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Standard equipment loans
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Dealer/manufacturer financing
Choose based on your credit, cash flow, and long-term goals.
Final Thoughts: Get the Right Machine Without the Upfront Stress
Skid steers and compact loaders are must-haves for growing crews and expanding operations. Don’t let the price tag slow you down—equipment loans give you the flexibility to scale smart and stay competitive.
Take Action: Apply for a Skid Steer Equipment Loan Today
Ready to upgrade your fleet or take on bigger jobs?
Compare equipment loan options now for skid steers and compact loaders—and get fast approval, flexible terms, and the gear you need.
