A short time in business does not automatically make a track loader purchase unfinanceable. The right program depends on the complete transaction: the equipment, the guarantor credit, the amount financed, and whether the request makes sense for the business.
That was the case in this recently funded transaction. Direct Credit Funding arranged $28,000 for a used 2020 Bobcat track loader for a company with only one year in business. The guarantors had 712 and 687 credit scores—a solid profile, but not a textbook A-credit file for a young business purchasing used equipment. The deal was funded without bank statements, allowing the borrower to move forward with the equipment it needed.
Deal Snapshot: $28,000 Bobcat Track Loader Financing
This deal is a practical example of how a younger business can obtain equipment financing when the file is matched to the right program.
| Deal Component | Details |
| Equipment Financed | 2020 Bobcat track loader |
| Funding Amount | $28,000 |
| Equipment Condition | Used |
| Time in Business | 1 year |
| Guarantor Credit Profile | 712 and 687 credit scores |
| Documentation | No bank statements required for this transaction |
| Outcome | Funded for the equipment purchase |
The borrower obtained a productive piece of equipment without being forced into a traditional credit box that may have focused only on time in business, perfect credit, or new equipment.
Why This Deal Was Approved
Every approval is based on the full file, not one isolated data point. In this transaction, several factors helped make the deal financeable.
Solid Guarantor Credit Supported a Young Business
A company with one year in business may not have a long operating history to lean on. Here, the guarantors’ 712 and 687 credit scores gave the transaction meaningful support. Those scores did not make the file automatic, but they helped demonstrate a level of credit responsibility that could offset the short time in business when paired with the right financing program.
Used Equipment Was Evaluated on Its Own Merits
Used equipment can narrow the available options because age, condition, and resale value matter. It does not mean the deal is dead. A 2020 Bobcat track loader is a recognizable, productive business asset, and the correct program can evaluate that collateral alongside the borrower profile instead of rejecting the request simply because the unit is pre-owned.
The Program Matched the Actual Transaction
This was not a case of trying to force a young-business file into a program designed only for mature companies with pristine credit. The transaction was placed with a program that could consider the amount requested, the equipment, the guarantors, and the broader story together. As a result, the borrower completed the $28,000 purchase without providing bank statements.
The practical takeaway: One year in business, used equipment, or credit that falls outside a traditional A-credit box does not automatically rule out an equipment-financing approval. The fit between the file and the financing program is what matters.
Why Track Loader Financing Matters for Growing Businesses
A track loader can be central to a company’s ability to take on work, complete projects efficiently, and avoid renting equipment every time a job requires it. For a younger business, tying up cash in a full equipment purchase can limit flexibility for payroll, materials, fuel, repairs, and daily operating needs. Financing can preserve that working capital while putting the equipment to work.
The important point is to set realistic expectations early. Newer businesses and borrowers with non-perfect credit may have fewer program options, different terms, or additional requirements depending on the equipment and overall file. Direct Credit Funding’s job is to identify the viable path quickly rather than automatically dismissing a deal that falls outside a narrow approval box.
For brokers and referral partners, this is exactly the type of scenario worth submitting. If the story makes sense but the transaction does not fit neatly with your usual source—because of short time in business, used equipment, or a credit profile that is not perfect—send the full scenario. A declined deal at one source is not necessarily an unfinanceable deal.
Frequently Asked Questions About Bobcat Track Loader Financing
Can a business with only one year in operation finance a Bobcat track loader?
Yes, it can be possible. Approval depends on the full transaction, including guarantor credit, equipment type and condition, amount financed, and the financing program. This deal shows that a one-year-old business can be financeable when the file is structured correctly.
Do I need perfect credit to get track loader financing?
No. Perfect credit is not the only path to equipment financing. In this transaction, the guarantors had 712 and 687 credit scores, and the deal was funded. Lower scores or additional risk factors can affect available options and terms, so every file should be reviewed individually.
Can I finance a used Bobcat track loader?
Yes, used track loaders can be financeable. The equipment’s age, condition, value, and marketability are important, along with the borrower’s credit profile and business history. A quality used unit may still fit the right equipment-financing program.
Are bank statements always required for equipment financing?
No. Documentation requirements vary by program, credit profile, equipment type, and financing amount. This $28,000 transaction was funded without bank statements, but other applications may require additional information to support an approval.
Ready to Finance Equipment for Your Business?
If your business needs a track loader, construction equipment, trailers, vehicles, or other essential assets, do not assume that short time in business or less-than-perfect credit ends the conversation. Direct Credit Funding reviews the entire transaction and works to place viable deals with the right program.
Brokers and referral partners with an out-of-the-box equipment deal are encouraged to send the scenario over. We make the easy deals easy—and we look closely at the files other sources may overlook.
Apply for Equipment Financing Today
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