The practical answer
Potentially. New and used excavators can be considered, subject to the machine, supplier, business and lender criteria.
Provide the make, model, serial number, age, hours, condition and seller quote. State whether the business will operate it on its own jobs or hire it to other users.
Budget for transport, servicing, insurance and idle periods as well as repayments. Attachments and associated costs should be itemised so eligibility is clear.
Commercial finance is subject to status, lender approval and the specific asset and transaction. The right structure depends on the complete circumstances of the business.
What should I do next?
Have the asset details, supplier information and an outline of what the business needs ready. DCF can then discuss the requirement and identify which lenders may be suitable.
Read: Excavator finance →Explore the relevant guides
VAT on asset finance — For VAT timing and the cash needed alongside funding.
Plant & machinery finance — For construction, agricultural and other productive equipment.