Let Hardhat Help You Finance Your Purchase

With interest rates at the lowest in 20 years, now is the time to finance. Whether you’re a new business owner just starting out or an experienced business owner looking to upgrade or expand, there’s no need to jeopardize your cash flow or delay getting your equipment. Hardhat Financing has the resources to help you secure financing and increase revenues. 


Our finance consultants understand the specific needs of the construction, transportation, manufacturing and technology industries and are familiar with respective equipment values as collateral for your loan. Our finance consultants are experts who:

  • Talk with you, determine your needs and objectives and walk you through the financing process to help meet your goals
  • Work with more than 50 potential lending institutions to find the best repayment plan for your company
  • Work with your bank, or, if you prefer, find a lending institution that can offer a better program for your company’s needs
  • Interface with financial institutions, coordinate details and handle all the paperwork until you close with the lender of your choice
  • Free you up to run your business and help it thrive

We’re here to do more than just help you obtain a loan for your equipment needs—with Hardhat Financing, you get expert, financial consulting services to find the right financing solution for your specific business goals. 

Find the Financing Program That’s Right For You, With Help From Our Expert Consultants


A stated option lease allows a business to finance equipment without a large up-front payment. While there is a large payment at the end of a stated option lease, the customer makes an advance payment (equal to two monthly payments), then realizes equal monthly payments for the term of the stated option lease. In this way, customers retain cash flow while using the equipment. At the end of the stated option lease, the customer can purchase the equipment for a guaranteed amount—thus eliminating the risk of making an unknown “fair market value” purchase. You may want to consider consulting a CPA or tax advisor to determine whether a stated option lease is best for you.


Also called an Off Balance Sheet Lease, this financing option is linked to the covenant the customer has with the bank, financial institution or bonding company for an On Balance Sheet debt. It’s similar to the stated option lease in that there can be a lump sum due on the equipment at the end of the lease. The amount due is based on the fair market value of the equipment at the end of the lease period, as appraised by the financial institution. You may want to consult a CPA or tax advisor to determine whether a fair market value lease best meets your needs.


An accelerated payment program is the quickest way for a customer to build equity. Such a program increases the value of a trade allowance in the event of an early trade-in and is ideal for companies who don’t have a huge net worth. Of all the financing options, this has the lowest gross repayment. The customer will actually be paying less in interest costs. Since the company is paying the bulk of the equipment cost in the early years, the accelerated payment program is also one of the most attractive to lenders.


This option is particularly appropriate for heavy equipment companies doing business in colder climates, where weather shuts down production for all or part of the winter. The skip payment program is designed to match the customer’s sales period. It is often the ideal choice for companies that have equity and are able to make higher payments during the months of the year that they are producing.


As the most common financing option, the conditional sale contract requires an initial down payment and equal payments spread out over several years. Often referred to as a straight purchase, this is the easiest repayment structure of all. With a conditional sale contract, a business usually establishes equity up front by making a significant down payment with no money due at the end of the contract.

Check Out These Financing Options From a Real-World View



A contractor wanted to get his skid-steer loader on the job but didn’t have a large down payment. A stated option lease was established, and the customer made payments in advance toward the purchase of the equipment, along with a 15% purchase option at lease end. Under another program, the contractor would have had to pay 15% of the total equipment cost up front before the equipment could be delivered to the job site. By selecting the stated option lease, the contractor maintained cash flow for the duration of the contract while making smaller equal monthly payments. In doing so, he earned enough profits to pay off the 15% lump sum payment due at the end of the lease.



A manufacturer purchased an ERP computer system with a fair market value lease. The company established a covenant with the bank to carry the equipment off the balance sheet in order to secure financing and conserve its existing line of credit. This financing option allowed the manufacturer to get the equipment on-site and working while still maintaining a line of credit in case of emergency or unexpected expenses during the term of the lease. Of course, the manufacturer had to pay the appraised value of the computer system at lease end.



A manufacturer bought a CNC lathe under the accelerated payment program and set up a repayment plan that allowed the company to pay 40% of the cost of the equipment in the first year, 30% of the balance in the second year, 20% in the third year, and so on. The manufacturer built equity fast because 70% of the equipment cost was paid in the first two years of the financing plan. Interest costs were lower because the manufacturer owed only 10% of the balance in the last year of the contract. Making smaller payments in the latter stages of the plan also freed up more money for repair and maintenance on the equipment. These expenses typically occur with any equipment after four or five years of hard use.



A producer purchased a wheel loader in March and had the equipment up and running immediately. He made higher monthly payments from March to November, due in large part to the significant production the wheel loader provided. The producer made no payments on the plant in December, January, and February, when winter weather forced him to stop production. When he resumed production in March, he continued this payment process until, after 60 months, the wheel loader was paid off completely.



A trucking company in business for 10 years purchased a new tractor through a conditional sale contract. Due to the company’s qualifying credit, the business was able to finance the tractor at 100% (no down payment required). The company made equal monthly payments and interest for the next 60 months. At the end of the 60 months, the trucking company owned the equipment outright. Throughout the duration of the contract, this structure enabled the company to gain profits and build equity.


Less than $250,000

$250,000 or more

Post: Hardhat Financing, 525 South Market Street, Galion, OH 44833
Attn: Shawn Jury

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