Borrow Against Construction Equipment For Working Capital

LOS ANGELES - Aug. 15, 2016 - PRLog -- There are few traditional financing options for construction companies without having to meet strict lending requirements.

However, VMI LLC offers an application only program where construction companies can borrow against their free and clear construction equipment to get working capital.

Under this program, construction companies can receive up to $400,000 in working capital by only completing an application and equipment. For larger amounts, additional information will be required.

Some of the accepted brands of equipment are Deere, Caterpillar, Kenworth, Peterbilt, Case, Komatsu, Hitachi, Volvo, JCB, New Holland, Grove, Terex, Kubota and Freightliner just to name a few.

Loans against equipment are available in many industries such as construction, excavation, hauling, paving, demolition, trucking and grading.

Using construction equipment as collateral is a way for construction companies to get the working capital they need to fulfill projects, make payroll, take care of outstanding invoices and purchase supplies.

Skylar Marshall, Communications Specialist for VMI LLC, noted "Construction equipment financing is the best working capital solution especially in this marketplace. We provide alternative financing options to an industry that is lacking in funding choices. The uniqueness of this program is what sets us apart from traditional financing. We provide a nonbankable source of funds to businesses that need it the most."

To find out more about borrowing against construction equipment for a working capital loan, go to http://www.FinanceHeavyEquipment.com or call (310) 929-2300.