Thinking about applying for Financing?

Good news: Cat® Financial approves more loan and lease applications — often with lower down payments — than other lenders. Here’s a look at how we’ll evaluate your application.

Here are 4 factors we take into account

Applying for less than $350,000 USD? We’ll get you a quick decision using information available through the Consumer Bureau Report (CBR). If the CBR doesn’t provide enough data, or your situation is unique, an analyst in our credit department will review your application and may request additional information to make a decision.

Have you financed with us before? Thanks for letting us serve you. We already have your credit history, so we won’t request it again. If you’re new to Cat Financial, we may ask for details about previous machine purchases or financing. That’s easy if you have a history with your local Cat dealer, who works directly with us. A good payment record — even for rentals — works in your favor.

Limited history with equipment purchases or financing? No problem. Show us that you’re in good standing with other business or personal loans instead. That could be a mortgage, a car or truck loan, a credit card, a motorcycle or boat loan, or even student loans.

Have jobs coming up? Your current work on hand can be a positive factor in the approval process. It gives our team a look at the jobs — and income — you have planned over the next three to six months. Providing copies of contracts is the fastest, best way for our credit team to review your work on hand.

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Interested in learning more about our financing and extended protection options? Ready to get the process started? Just fill out this form and we’ll have your local Cat^® dealer follow up with the information you need.

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Thinking about applying for Financing?

Here are 4 factors we take into account

Request information

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