Excavator Financing for Construction Projects

Absolutely! Active project contracts, Letters of Award (LOA), and confirmed tenders significantly strengthen your application. We evaluate: (1) Contract value and duration, (2) Client reputation (government projects are strong), (3) Payment milestones, (4) Your track record with similar projects. Contractors with confirmed projects often get better rates and higher approval amounts even with limited credit history.

Yes! We specialize in project-aligned payment structures for construction. Options include: (1) Seasonal payments - lower during slow months, higher during peak construction, (2) Milestone-based payments - aligned with project payment schedules, (3) Balloon payments - smaller monthly payments with larger end payment when project completes, (4) Graduated payments - start lower, increase as project revenue comes in. We'll work with you to structure payments that match your expected cash flow.

Yes! Government construction projects are excellent for financing approval because: (1) Payment is reliable from government agencies, (2) Contracts are usually well-defined with clear milestones, (3) Projects often have longer timelines allowing comfortable repayment. We've financed equipment for contractors working on MRT construction, highway projects, public housing, and infrastructure development. Government contract holders often qualify for premium rates.

Yes! Fleet financing is ideal for large construction projects requiring multiple excavators. Benefits include: (1) Single application and approval for all units, (2) Volume discount - typically 0.5-1% lower interest for 3+ units, (3) Coordinated delivery to project site, (4) Consolidated monthly payment. We've financed fleets of up to 8 excavators for major construction projects.

We understand construction projects face delays due to weather, permits, or client issues. Options include: (1) Payment restructuring - extend tenure to reduce monthly payments, (2) Temporary payment reduction - lower payments during delay period, (3) Grace periods for documented delays. We work with contractors to find solutions rather than defaulting to penalties. Communicate early if you foresee delays.

The right size depends on your project type: (1) Mini excavators (1-6 tons) - landscaping, utility trenches, tight spaces, (2) Small excavators (6-15 tons) - residential construction, small commercial, (3) Medium excavators (15-30 tons) - most construction projects, foundation work, site prep, (4) Large excavators (30-50 tons) - major earthworks, infrastructure, large commercial. We can help you choose the right size and finance accordingly.

For construction companies: (1) SSM registration (Form 9/24/49), (2) Company bank statements (6 months), (3) Directors' IC copies, (4) CIDB registration if available, (5) Active project contracts/LOA (strengthens application), (6) Company financial statements if available (not mandatory for newer companies). The process is straightforward for established contractors.