Line of Credit

You've worked hard to build your business. Now, make it work hard for you. A line of credit uses the equity already built in your business, like the equity in your equipment fleet, to enhance your working capital and bonding capacity and provide funds for other business needs. A line of credit can help you shift short-term debt to long-term debt so you can increase bonding capacity and get back to doing business more efficiently.

Built for customers who need to secure financing for future equipment needs, we can help you establish a line of credit at no cost. A line of credit offers 12 months of flexible financing options for you to utilize at your convenience. All lines of credit are renewed on an annual basis at no charge to the customer.

 

Benefits

  • Minimize downtime and access funds quickly with a simple request
  • Finance additional or replacement purchases geared to expanding or renewing your fleet
  • Ease of doing business
  • Annual renewal fee not required
  • Assist in financing complementary purchases
  • Customized financing offered
  • Blanket lien filing not required
  • May be used to finance machinery, equipment or Cat® Vocational Trucks.

 

Terms

  • Financial Product – Hire Purchase, Finance Lease
  • Length (New equipment) – 12–60 months
  • Length (Used equipment) – 12–48 months
  • Finance Rate – Competitive fixed rate
  • 100% financing – Available to qualified customers
  • Payment flexibility – Monthly, quarterly, semi-annual and annual payments are available. Skip payments are also offered.

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