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Hydro Excavation Business Financing
We've got a game plan for your company's growth capital needs.
Hydro excavation business loans.
A steady flow of capital is required to manage operating expenses, meet payroll obligations, and market your hydro excavation business. A business loan is ideal for these and other operational needs. You can also use the funds to bridge cash flow gaps. This often occurs in hydro excavation businesses because many municipal and utility clients use payment terms of net-30 to net-60 days.
Huddle Business Capital provides various loan options for eligible hydro excavation businesses through our lender network. These include unsecured working capital loans (no collateral required), collateralized working capital loans, and business term loans. If you're unsure which loan type best suits your company's needs, we will gladly provide guidance to help you make an informed decision.
- Working capital loans from $5,000 to $4 million
- Collateralized working capital loans from $20,000 to $250,000
- Business term loans from $25,000 to $500,000
Hydro excavation equipment financing.
Purchasing new or pre-owned hydro excavation equipment is the largest investment you will make for your company. A hydrovac truck can cost in the low- to mid-six-figure range depending on the make, size, age, features, and number of operating hours. Other high-priced equipment includes jetting systems, vacuum systems, water tanks, and heating units.
Buying hydro excavation equipment outright requires significant capital, so many business owners choose equipment financing, available at Huddle Business Capital through our lending resources. Hydro excavation equipment financing lets you borrow money to buy the equipment. You then repay the borrowed amount through monthly payments, plus interest, over a set period. Once you fulfill your payment obligations, you will own the equipment.
- Application-only up to $350,000; up to $500,000 for some types of equipment
- 12-72 month repayment terms; up to 84 months for new equipment
- Fixed-rate throughout term
- Up to 100% financing
Hydro excavation equipment leasing.
Equipment leasing is another option that reduces the upfront costs of acquiring hydro excavation equipment. Leasing lets you outfit your company with all types of trucks and equipment and use them in exchange for monthly payments, plus interest, over an agreed-upon time frame. There is no ownership commitment when you lease hydro excavation equipment. This is especially useful if you only need it for a short time or plan to lease different equipment later.
When a lease period ends, you typically return the equipment to the owner. However, you might be able to extend the lease for another term, upgrade to different equipment, or buy the equipment for its fair market value. Huddle Business Capital will discuss these options with you to ensure you understand them clearly. We offer hydro excavation equipment leasing through our lender network.
- Application-only up to $350,000; up to $500,000 for some types of equipment
- 12-72 month repayment terms; up to 84 months for new equipment
- Fixed-rate throughout term
- Up to 100% financing
Business line of credit for hydro excavation businesses.
Funding needs can arise at any time for your hydro excavation business. You may need to cover hydrovac truck maintenance and repairs or stock up on jetting tools. Or you may need to pay slurry disposal costs, permit fees, and labor fees before you are reimbursed for jobs on net payment terms. In these situations, a business line of credit can be beneficial. It allows you to access funds up to a predetermined limit whenever you need them.
A business credit line offers flexibility—you repay only what you withdraw, plus any interest that accrues. Huddle Business Capital provides business credit lines through our network of lending resources.
- $20,000 to $250,000 credit lines
- Repay daily, weekly, or monthly
- Only repay what you draw, plus interest
