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Excavator financing

Excavator financing matched to the machine and the work

From compact machines working tight urban sites to full-size production excavators, Merrit Capital helps Canadian businesses finance the equipment that digs, lifts and loads. Dealer, used, auction and eligible private-sale transactions may all be considered.

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New & used assetsCommercial business useDealer & eligible private sales
Full-size excavator working on a Canadian commercial construction site

Equipment included

Excavators Merrit Capital may consider

Availability depends on the borrower, asset, seller, price and lender. Related attachments and upfits should be itemized on the quote.

  • Mini and compact excavators
  • Crawler excavators
  • Wheeled excavators
  • Long-reach excavators
  • Material handlers
  • Demolition excavators
  • Buckets and couplers
  • Hydraulic breakers
  • Mulchers and specialty attachments

Hours, undercarriage and hydraulic condition matter

For used excavators, lenders may review current hours, undercarriage condition, hydraulic performance, service records and recent component work. A low price without a clear condition story can create more questions than a well-documented, market-priced machine.

Asset acceptance is not an inspection. Buyers remain responsible for condition, suitability, compliance and independent professional advice.

Common purchase scenarios

How the equipment can fit the business

First excavator

Add digging capability to an established contracting business that has been renting or subcontracting the work.

Larger machine class

Move into the reach, lift or production capacity required for heavier projects.

Machine and attachment package

Finance a carrier with the buckets, breaker, thumb or other documented tools needed on day one.

Before applying

Details to gather for excavators

  • Operating weight and machine class
  • Hours and service records
  • Undercarriage and hydraulic condition
  • Attachments and quick coupler
  • Seller and ownership verification
  • Transport and delivery plan

Frequently asked questions

Financing FAQ for excavators

Can mini excavators be financed?

Yes. Commercial mini and compact excavators may be considered for qualifying businesses.

Can a breaker or bucket package be included?

Often, when each attachment is itemized and integral to the machine’s use.

Can an older excavator qualify?

Possibly. Age, hours, condition, value and lender guidelines will determine the options.

What helps with a private sale?

Serial number, ownership, photos, specifications, condition information and a detailed bill of sale.

Can startups finance an excavator?

Some newer businesses may be considered, but industry experience, credit, equity and a reasonable request are particularly important.

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Financing excavators?

Tell Merrit Capital what you are buying, the approximate amount, the seller and the timing. We will explain the next information needed—without promising an outcome before the transaction is reviewed.

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