A new, manufactured-sponsored, customer finance program will let contractors, sometimes within just a few hours, not only buy the manufacturer's equipment but any equipment their dealers offer such as skid steers and track loaders.

A manufacturer of construction equipment for various industries including landscaping recently announced that they will now provide contractors an all-in-one source for buying and financing equipment, and they can be approved within hours rather than days.

Atlas Copco is offering their customer finance program through its dealers. It allows contractors to finance new and used Atlas Copco equipment as well as other manufacturers' equipment their dealers carry, such as skid steers and track loaders. The program also finances freight, maintenance and service packages.

While it can take days to get financing approval from other sources, the manufacturer states that they can respond within hours. In addition, they claim there is less paperwork because customers can purchase and finance all of their equipment through one source. The manufacturer pays the dealers one lump sum in as few as two days and
contractors pay the manufacturer directly, which could make the process considerably faster and easier for both customers and dealers.

Alan Kurus, the manufacturer's vice president of sales, said many customers prefer working with an established company that they know for equipment and financing. He added that his company has proven its reliability over the past 140 years in business.

"Contractors need the right equipment to complete jobs on time and on budget," Kurus said. "To buy it they need reliable access to financing, and that's what we provide through this program. It's another part of our effort to be a comprehensive partner rather than just an equipment supplier."

The Customer Finance program is available in more than 80 countries and offers flexible terms based on each applicant's financial circumstances. Customers can finance $10,000 or more over time, most often between three and five years. The program offers competitive interest rates and extends special terms – such as zero-percent financing for 36 months – at various times throughout the year.