Heavy Equipment Financing from Clarify Capital

Heavy equipment financing refers to loans for business owners who need to buy large pieces of machinery. It is presented as an alternative to heavy equipment leasing, providing the capital to purchase machinery upfront rather than renting it. The product is common in farming, landscaping and construction, where the equipment needed comes at a steep price but is necessary for day-to-day operations. Financing allows businesses to secure equipment now while spreading costs over time, protecting cash flow for payroll, fuel, maintenance and materials.

• APRs as low as 7%
• No collateral needed
• Quick approval process
• Funding in 1 to 5 days
• Borrow up to 100% of equipment value

Clarify Capital states that equipment loans are generally considered lower risk than term loans, so used and new heavy machinery can be financed at rates starting at 7% APR. Where most banks provide up to 80% of heavy equipment value, Clarify says it finances up to 100% of heavy machinery costs. The company states that it does not include prepayment penalties or hidden loan terms, and that repayment terms are typically longer than standard business loans so payments can be spread over the expected life of the machinery.

• Financing available up to 100% of equipment value
• APR from 7%
• No prepayment penalties or hidden fees
• Longer repayment terms than standard business loans
• Option to buy or lease equipment

Clarify Capital states that credit scores of 550 and above can be approved for equipment financing, in contrast to SBA loans or lines of credit that may carry stricter credit requirements. Documentation is described as minimal: the company requires only the last three to four months of bank statements, rather than the heavier paperwork on credit approval and annual revenue typical of traditional banks. No personal guarantee or personal collateral is required, because the equipment being bought or leased serves as security for the loan.

• Credit scores of 550 and above considered
• Last 3 to 4 months of bank statements required
• No personal guarantee or personal collateral
• Equipment itself acts as security

The product covers a range of heavy machinery used across construction, roadworks, forestry, haulage and agriculture. Both new and used equipment can be financed. Clarify Capital also supports either buying or leasing, depending on business needs.

• Earthmoving and construction equipment such as excavators and bulldozers
• Lifting and material-handling equipment including cranes and forklifts
• Paving and roadwork machinery such as pavers, rollers and cement mixers
• Forestry and land-clearing equipment including feller bunchers
• Heavy vehicles and commercial trucks such as dump trucks and semi-trucks
• Agricultural and farm machinery including tractors, combines and harvesters

Heavy equipment financing sits alongside Clarify Capital's broader equipment financing offering, and the product page addresses the difference between the two as well as alternatives to heavy equipment financing. An FAQ section covers what heavy equipment financing is, how it differs from general equipment financing, and whether collateral is required. Details of the product and the application route are published on the Clarify Capital website.