Concrete & Paving Contractors

Concrete and paving equipment is expensive to acquire and slow to depreciate. A pump truck or an asphalt paver with several years of paydown behind it holds real equity, and that equity has a practical use beyond sitting on your balance sheet. Cash-out refinancing converts it to capital you can deploy on the next pour, the next paving season, or the next machine acquisition.

We work with concrete sub contractors, asphalt paving companies, concrete pumping operations, and ready-mix independent operators. Equipment from each of these trades qualifies as collateral as long as the fair market value supports the transaction. Minimum loan is $50,000. Most paving and concrete operators we see fall costing on the order of $100k to $350k per transaction.

The equipment that drives concrete and paving businesses is capital-intensive and holds residual value better than many operators expect. The primary asset classes we work with:

• Concrete pump trucks. Concrete pump truck refinancing is a high-demand transaction. Boom pump trucks represent six-figure capital investments, and operators who are two or three years into the original note often have $100,000 or more in extractable equity.
• Concrete mixer trucks. Concrete mixer truck refinancing works for both independent owner-operators and small ready-mix fleets.
• Asphalt pavers. Asphalt paver refinancing is particularly useful at the start of paving season when contractors need capital to staff up and buy material ahead of project billings.
• Cold planers and milling machines. Milling contractors run heavy, expensive equipment that carries solid loan-to-value ratios for refinancing.
• Compactors and rollers. Road roller and compactor assets often come along with paving or civil operations and can be included in a blanket lien structure.

Both new and used equipment qualify. Age matters less than current market value relative to the loan amount being requested.

Concrete and paving contractors face a particular cash-flow shape. Material costs, labor, and equipment mobilization hit immediately. Payment from the GC or the owner follows the project schedule, which means invoices go out net-30 or net-45 after the work is done. That gap is where undercapitalized contractors get squeezed.

Seasonality makes it worse. Paving season runs hard from spring through fall in most markets. Starting the season without operating capital means passing on subcontracts or running lean when you should be running at full capacity. Pulling equity from a paver or a pump truck in late winter solves that problem before the season starts.

Concrete contractors in the South and Southwest, where San Antonio, Atlanta, and Las Vegas commercial development has been persistent, use this structure as part of their regular capital plan, not just as a one-time fix.

For contractors who want to maximize the cash generated from equipment without standard refinancing, equipment sale-leaseback is the other option. You sell the pump truck or the paver to a lender and lease it back under a structured payment. You keep operating it, the monthly cost replaces the existing note or is brand new if the machine was paid off, and you get the full value in cash at closing.

Sale-leaseback is especially useful when the machine is fully paid off and you want to pull all the value out rather than just the equity above a loan balance. The payment structure is predictable, and the cash goes on your balance sheet immediately.

Both structures, cash-out refinance and sale-leaseback, are available through us. We will show you both when you apply so you can pick based on which produces the right outcome for your business.

Documentation is straightforward. Application, three months of business bank statements, and equipment details. Equipment details means make, model, year, serial number, current payoff balance if applicable, and estimated hours for self-propelled equipment.

Concrete and paving operations sometimes have compressed credit profiles due to equipment debt loads. We work with B and C credit. If your personal score reflects a rough stretch a few years back, that does not automatically close the door. The asset and your current cash flow are the primary underwriting factors.

Transactions up to roughly $400,000 go through application-only processing. Larger transactions require business financials. Either way, we move fast. Most files close in one to two weeks.

These are the underwriting points the desk uses to turn the taxonomy page content into a real cash-out structure.