A Utah concrete coating and garage remodeling company needed a commercial floor grinder to support its projects. Direct Credit Funding financed $20,917.74 for the equipment, with approval completed within 24 hours and funding the next day.
Deal Snapshot
| Business | Utah concrete coating and garage remodeling company |
|---|---|
| Time in business | Since 2017 |
| Equipment | Commercial concrete floor grinder |
| Amount | $20,917.74 (approximately $21,000) |
| Credit scores | 652 and 740 |
| Bank statements | Not required |
| Approval timing | Within 24 hours |
| Funding timing | Funded the next day |
| Pricing | Strong pricing for the customer |
| Outcome | Approved and funded |
Fast Floor Grinder Financing Without Bank Statements
The company had operated since 2017 and needed a floor grinder for its concrete coating and garage remodeling work. The ownership credit profile included scores of 652 and 740, so this was not a file built around two perfect scores.
Direct Credit Funding completed the approval within 24 hours without requiring bank statements. The transaction funded the following day, allowing the business to move forward quickly with the equipment it needed.
Why Financing a Concrete Floor Grinder Can Help
Surface preparation is a critical part of concrete coating work. A commercial floor grinder helps a contractor prepare concrete for coatings, remove old material and produce a consistent surface for the next stage of a project.
Financing can help a growing contractor acquire essential equipment while keeping available cash for payroll, materials, vehicles and other operating needs. In this case, the customer received strong pricing along with a fast approval and next-day funding.
Contractors looking for similar solutions can learn more about our equipment financing options. For another contractor equipment example, see how a repeat customer was approved for $52,000 in mini excavator financing with a 652 credit score.
What Made This Deal Stand Out
This transaction combined an established operating history, a clear business-use equipment need and a mixed credit profile. Direct Credit Funding kept the process simple, completed the approval in less than a day and funded the equipment the next day.
The result was a practical equipment financing solution for a Utah contractor—without bank statements or a drawn-out process.
Frequently Asked Questions
Can a concrete contractor finance a commercial floor grinder?
Yes. Commercial floor grinders and other business-use concrete equipment may be financed through available equipment financing programs.
Are bank statements always required for floor grinder financing?
No. Some transactions can be approved without bank statements. This $20,917.74 floor grinder transaction was approved without them.
Can equipment financing work with a credit score in the mid-600s?
It can. This transaction included credit scores of 652 and 740 and was approved and funded. The full business and transaction profile helps determine the available options.
How quickly can contractor equipment financing be completed?
Timing varies by transaction, but this floor grinder financing was approved within 24 hours and funded the next day.
Need Financing for Concrete or Contractor Equipment?
If your business needs a floor grinder, surface-preparation equipment, a lift, skid steer, excavator or other contractor equipment, Direct Credit Funding can help you explore financing options.
Apply for financing and tell us what equipment your business needs.
Fast Approvals | Real Solutions | Since 1997.