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Frequently Asked Questions
What information or documents do I need to submit for equipment financing?
Your equipment financing process begins by providing the following documents:
For new customers:
- Our new customer package consists of a one-page credit application and an authorization form
- Most recent two year-end financial statements or tax returns
- An interim financial statement or bank statement, if more than 6 months from your year-end
- For LLCs, a copy of the operating agreement
- An invoice or a detailed equipment description of the equipment being financed
For existing customers:
- Most recent year-end financial statement or tax return
- An interim financial statement or bank statement if more than 6 months from your year-end
- An invoice or a detailed equipment description of the equipment being financed
What types of equipment can I finance?
CCG provides financing for a variety of new and used heavy equipment in the construction, transportation, waste, and machine tool industries. Equipment can be purchased from a dealer, at auction, or from a third party. We can also refinance equipment you already own.
Types of equipment we finance include, but are not specifically limited to, the following:
- Construction – excavators, loaders, graders, scrapers, off-road dump trucks, cranes and boom trucks, concrete pumps and mixer trucks, crushing and screening equipment, paving equipment, logging equipment
- Machine Tools and Fabrication Equipment – CNC lathes, machining centers, 5-axis machines, grinders, press brakes, shears, lasers, EDM, plasma machines, laser cutters
- Transportation – Class 8 trucks, dry vans, refrigerated trailers, flatbed trailers, pneumatic bulk trailers, tank trailers, tow trucks
- Waste Hauling and Environmental Services – front, side, and rear load trucks, roll-off trucks and boxes, containers and compactors, vacuum trucks, water blasters, septic trucks, sweepers, hydro-excavation trucks, landfill and recycling equipment
We are an independent lender, so in addition to financing a wide variety of equipment types, we also finance a wide variety of equipment brands.
Contact us to find out if your purchase will qualify for one of our equipment loans.
Can I finance used equipment?
Yes. We understand the value of pre-owned machinery and offer flexible financing options for quality used equipment.
Do you finance dealer, auction, and private-party purchases?
Yes. We support dealer, auction, and private-party transactions. Ask about pre-approval before you bid or sign, so you can move quickly with confidence.
What counts as “used” for financing?
We finance a wide range of pre-owned equipment across construction, manufacturing, transportation, and waste. Age, hours, and condition shape the financing structure. Share your unit details and we’ll let you know if we can finance a specific piece of equipment.
What equipment qualifies for a refinance?
For refinancing to make sense, you need to have equity in the equipment, meaning the value of the equipment is more than you owe on it. Our knowledgeable credit team will assess the value and compare it to your current loan obligations. If there is enough equity to have a refinance transaction make sense, we’ll work with you to make it happen.
What information or documents do I need to submit for equipment financing?
Your equipment financing process begins by providing the following documents:
For new customers:
- Our new customer package consists of a one-page credit application and an authorization form
- Most recent two year-end financial statements or tax returns
- An interim financial statement or bank statement, if more than 6 months from your year-end
- For LLCs, a copy of the operating agreement
- An invoice or a detailed equipment description of the equipment being financed
For existing customers:
- Most recent year-end financial statement or tax return
- An interim financial statement or bank statement if more than 6 months from your year-end
- An invoice or a detailed equipment description of the equipment being financed
How do I get started?
Contact your local CCG Regional Sales Manager or complete the contact form telling us more about your situation and the equipment you would like to finance.
How quickly can I get a credit decision?
The approval process can take anywhere from same day to a week for complicated transactions. The speed of approval is dependent upon how quickly we can get the necessary information. The best way to speed up the process is to have all your financial and equipment information ready when you apply.
How quickly can I receive funds?
Timing depends on how quickly we receive information from you. Once a decision is made and documents are signed, funding takes up to 24 hours.
Do you need my credit score to approve me for financing?
CCG does NOT need your credit score to review for potential financing.
We have a unique credit review process that includes gaining an understanding of a potential customer’s personal character, analysis of business cash flow, and assessment of collateral (equipment).
We understand that a credit score is a minor part of a customer’s story, and we therefore focus on the more meaningful aspects of their business and individual character.
I’ve been turned down by my bank or the equipment seller’s financing arm. Is it possible I could be approved for equipment financing through CCG?
We understand the specialized needs of our customers and the industries in which they operate. Because we self-fund, hold our own paper, and are independent, we have more flexibility than the big banks and some of the captive lenders.
We establish long-term relationships with our customers and understand the ebbs and flows of these industries, and can customize a financing solution to meet your needs.
Contact us and we’ll guide you through the equipment financing process.What are your interest rates?
We have competitive rates and offer a variety of financing structures. Rates vary based on the size of the transaction, the equipment being financed, the term of the transaction, and other factors. Contact your local CCG Regional Sales Manager to get the process started.
Don’t know who your local sales manager is? Click here to provide us with some information, and we’ll let you know who your local representative is.
What are your standard equipment loan terms?
Because every situation and customer is different, we don’t have standard equipment loan terms. We work with you to determine the best financing structure for your business.
Typically, used equipment loans will have a shorter term than new equipment loans.
What size transactions do you finance?
Our average transaction size is around $200,000. However, we’ve funded deals from $50,000 up to $5 million.
Do you offer seasonal or custom payment schedules?
Yes. We can structure payments to align with your revenue cycles, including seasonal skip payments when needed.
Do you only work with perfect credit?
No. We serve a full range of credit profiles. We look at your complete story, including character, cash flow, and equipment.
Why work directly with CCG instead of a broker?
When you work with CCG, you deal directly with the decision-makers who understand your industry and equipment. That means faster answers, more flexible terms, and financing that fits your business.
Do you sell your equipment loans?
No. CCG self-funds and holds our own paper for the life of the loan, so you don’t have to worry about your equipment loan being sold and having a new lender with which to deal.
Can I refinance equipment I already own?
Yes. We can refinance to free working capital or reshape payments to fit current goals. Share your situation and we’ll outline options.
Can I refinance multiple loans into one payment?
Yes. We can consolidate several notes into a single monthly payment. This often lowers administrative time and can reduce total monthly debt service.
Can I consolidate multiple loans so I can reduce the number of outstanding loan obligations I have?
Yes, debt consolidation is one of our specialties.
Utilizing the value of your equipment, we can often combine loans from other lenders into one, more manageable payment, thereby improving your cash flow and reducing the number of outstanding creditors with whom you have to deal.
We can also consolidate your existing debt in conjunction with a new purchase to minimize the up-front costs of deploying new equipment.
What debts can I consolidate?
Typically, equipment loans or leases on qualifying assets can be combined into one note with one payment. But if you have enough equity in your equipment, the cash out can pay off other term or revolving debt.
Will my monthly payment go down if I refinance or consolidate my debt?
Often, yes. Extending terms or restructuring can lower the payment and smooth cash flow. Results depend on loan balances, interest rate, and the term length.
Can I add a new purchase to a debt consolidation loan?
In many cases, yes. We review equipment value, cash flow, and goals, then show options that can include a planned purchase.
Can I pull cash out during a refinance?
If you have equity in your equipment, we can structure the loan so you receive cash out to fund business operations and still keep payments predictable.
Can you handle looming balloons or lease purchase options?
Yes. We can restructure balloons and exercise lease purchase options into a manageable plan that supports cash flow and timing.
I need working capital to fund business operations or meet payroll while I wait to be paid for a large job. Do you fund this type of transaction?
Yes, we do fund cash out or working capital loans.
What can I use the working capital funds for?
Common uses include materials, accounts payable, taxes and fees, facility needs, acquisitions, or growth initiatives tied to your operation.
I’m a current customer. How do I get an amortization schedule and/or payoff amount?
Fill out the amortization schedule request form or payoff amount request form to receive details on payment information from your customer service representative.
