Cat^® Equipment Financing Requirements

Cat Financial provides equipment financing solutions, including loans and leases, based on factors such as credit profile, equipment history, and business cash flow. Typical requirements include a valid photo ID, credit history (personal and/or business), and proof of existing work. Faster decisions are often available for applications under $350,000.

Cat Financial

Published: Apr 20, 2026

Key Equipment Financing Requirements:

CREDIT RATING

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.

EQUIPMENT FINANCING & CREDIT HISTORY

If you’re new to Cat Financial, we may ask for previous financing or machine purchases, like on dozers, compactors or excavators. 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.

DOCUMENTATION

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.

WORK ON HAND

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.

Cat Equipment Financing Options:

Cat Commercial Account

The Cat® Commercial Account is the easy way to pay for parts, attachments, service and protection plans for your equipment. It gives you the flexibility to get what you need now for your compactors, dozers, pavers or other equipment, and then manage low monthly payments or pay in full as your budget allows. You can also use your Cat Commercial Account for equipment rentals, repairs and rebuilds.

Cat Equipment Leases

You can get the new or used machine you need fast — from excavators to wheel or track loaders — while keeping your financial investment, risk, and qualification requirements lower through a leasing option.

With lower upfront costs, reduced monthly payments, extended lease terms of 60+ months, and flexible lease‑end choices to return, purchase, or extend, it’s a streamlined way to put equipment to work without heavy long‑term commitment.

Cat Equipment Loans

You can finance a Cat® mini excavator, skid steer loader, or backhoe with a traditional loan that lets you get to work immediately while building equipment equity.

You can use cash, a trade‑in, or rental equity for your down payment and choose from flexible payment plans, including skip‑payment options for qualified buyers.