We are a specialty mining contractor.  Currently we have a requirement for equipment for a project in Utah.

Does anyone have any current successful experiences with financing of equipment outside of typical banks whom they could recomend?

Thanks for any assitance or sharing of contacts.

Ken

Ken,  FCC Equipment Financing is a subsidiary of Caterpillar Financial Services and is a very good company to do business with.  Many of our customers have had FCC take out their banks when it comes to their equipment lines.  Here's the 800# for them.  They can refer you to the local rep that covers Utah.  Best wishes.

 800-207-9286

Ken,

We typically try to get manufacturer financing if the rates are low, but when buying used or there are no incentives, we use other financing. 

Besides the local banks, I would recommend checking with Wells Fargo Equipment Finance.  We've had good luck with them.  They have good rates and understand the industry.  The only problem I have with them is the prepayment penalties.  With the current rates, you likely won't want to prepay anyways, but it is a bigger consideration when the rates are higher.  It looks like you have a contact for them below.  We use a representative out of Boise, ID. 

Kevin

Ken, my name is Ron Siegle and I am a Business Banker in Denver/Boulder CO market.  Wells Fargo Equipment Finance very likely can halp and, if you'd like, I will find and provide contact info for a specialist in your industry.  Call me at 303-441-0286 or e-mail me at ron.siegle@wellsfargo.com

Ken,

My name is Rick Bruflat and I'm with John Deere Financial and a CFMA member in Des Moines, IA.  We can finance mining equipment on notes or leases with specialized terms, but may have some boundaries around competitive issues that we could discuss.  I know that not all banks may fully understand this business, so I'd be willing to talk with you.  No sales agenda, I promise.