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.
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.
These machines typically cost $25,000 to $80,000+, depending on brand, size, and attachments. Financing helps you:
Preserve working capital
Expand your services and bidding power
Own high-quality equipment with manageable payments
Start working (and earning) right away
Related: Financing Excavators and Backhoes: What You Need to Know
Fixed terms (24–72 months)
Interest rates based on credit and business profile
You own the machine once the loan is paid off
Often allows bundling of attachments and delivery costs
✅ Great for contractors, landscapers, farmers, and snow removal companies
Up to $5 million for qualified businesses
Long repayment terms and competitive rates
Slower approval process, but ideal for larger purchases or multiple machines
Offered by brands like Bobcat, Caterpillar, CASE, Kubota, John Deere
May include promotional rates (e.g., 0% for 24 months)
Often faster approval, but may require a larger down payment
| 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 |
To get approved for an equipment loan, you'll typically need:
A business license or EIN
Quote or invoice for the equipment
3–6 months of bank statements or recent tax returns
Minimum credit score (usually 600+)
Time in business (startups can still qualify)
Related: Equipment Financing 101: Everything You Need to Know
Standard equipment loans
Dealer/manufacturer financing
Choose based on your credit, cash flow, and long-term goals.
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.
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.