Construction
Construction Equipment Financing
Kensley Company arranges financing for construction equipment through a network of independent equipment finance lenders. We work with general contractors, specialty trade contractors, equipment rental operators, and construction services businesses financing heavy machinery, lifts, attachments, and supporting equipment.
What We Finance
Equipment Categories
Construction equipment carries strong residual value, well-established secondary markets, and lender networks experienced with both new and used equipment. Financing is available across single-unit purchases, fleet expansions, and specialty equipment additions.
We arrange financing for both new and used equipment, including auction purchases and dealer-direct transactions.
Typical Financing Structures
How Financing Is Commonly Arranged
Construction equipment is typically financed through:
Equipment Finance Agreement (EFA). The most common structure for construction equipment, given the long useful life and the contractor’s preference for ownership.
$1 Buyout Lease. Functionally equivalent to an EFA with lease accounting treatment.
Operating Lease and FMV Lease. Used by rental operators and contractors who want lower monthly payments or end-of-term flexibility. Particularly useful for equipment that may be replaced before reaching the end of its useful life.
Seasonal payment structures. Some lenders offer skip-payment or step-payment structures aligned with seasonal cash flow, particularly for contractors in regions with weather-driven business cycles.
Terms typically range from 36 to 72 months. Larger equipment such as full-size excavators, dozers, and cranes is often financed over 60–84 months to align payments with the equipment’s revenue-generating profile.
Equipment cost range for our typical construction transactions is $25,000 to $500,000+ per unit. Multi-unit transactions and fleet expansions are routinely structured through our lender network.
Used equipment is commonly financed, but lender appetite varies based on age, hours, and condition. Equipment older than 10–15 years or with very high hours may face stricter underwriting or shorter terms.
Segments We Serve
Operators We Work With
- General contractors — site work, building construction, commercial and residential
- Specialty trade contractors — concrete, paving, excavation, roofing, electrical, plumbing, HVAC, framing
- Heavy civil contractors — highway, bridge, infrastructure, utility, pipeline
- Equipment rental operators — businesses renting equipment to other contractors
- Site preparation contractors — earthwork, grading, demolition, land clearing
- Specialty construction — crane operators, scaffolding, demolition, marine construction
- Landscape and outdoor contractors — landscape installation, hardscape, snow removal, tree services
- Mining and aggregate operators — quarry equipment, material handling
- Renewable energy installers — solar farm and wind farm site preparation
- Disaster response and restoration contractors
Application Process
From Inquiry to Funding
Lender Match
We match your application to the lender most likely to approve it based on equipment, profile, and structure.
Decision
The lender reviews and issues a decision, typically within 1–3 business days.
Documentation typically requested:
- 3–6 months of business bank statements
- A copy of the equipment quote, invoice, or auction documentation
- Equipment inspection or condition report (for used equipment)
- Contractor license or trade documentation (varies by lender and state)
- Job pipeline or contract documentation (for larger transactions)
Apply for Equipment Financing
The first step is a short application. There is no commitment to accept any offer, and submitting an inquiry does not constitute a credit application with any specific lender.
Apply for Financing