Getting Financing for new mower

Discussion in 'Starting a Lawn Care Business' started by Gitrmowed, Feb 23, 2007.

  1. Gitrmowed

    Gitrmowed LawnSite Member
    Posts: 12

    I would like to get a better mower, but have some credit issues. Are there any companies that seem to be easier to get financing with? I would like to get more yards, but need a more reliable mower.
     
  2. echeandia

    echeandia LawnSite Bronze Member
    Posts: 1,131

    try prosper.com
     
  3. J&R Landscaping

    J&R Landscaping LawnSite Fanatic
    Posts: 5,096

    Have you ever financed anything before (equipment wise)? Either way, I would recomend Sheffield Financial.
     
  4. Gitrmowed

    Gitrmowed LawnSite Member
    Posts: 12

    I have never financed any equipment. I am just part time now, but would like to start doing more.
     
  5. echeandia

    echeandia LawnSite Bronze Member
    Posts: 1,131

    Huh? So do you want to buy equipment or not?
     
  6. corey4671

    corey4671 LawnSite Silver Member
    Posts: 2,931

    just go down to your local credit union. Beware of large national chain banks ie chase bank of amexico...a LOCAL bank or credit union will look at YOU not your stupid fico score.
     
  7. echeandia

    echeandia LawnSite Bronze Member
    Posts: 1,131

    That explains the long line of loan applicants I saw this morning.
     
  8. J&R Landscaping

    J&R Landscaping LawnSite Fanatic
    Posts: 5,096

    Do you have a trade in or any cash you can put down on a new machine? Several of the brands have great financing offers for this year. IMO, sheffeid financial is the way to go. They are pretty easy to get approved.
     
  9. Gitrmowed

    Gitrmowed LawnSite Member
    Posts: 12

    I want to buy equipment to be able to take on some more yards. I need a more reliable & faster mower to feel comfortable taking on more yards.
     
  10. echeandia

    echeandia LawnSite Bronze Member
    Posts: 1,131

    What kind of rate can he expect? Also, how piss poor is your credit so he has a frame of reference?
     

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