Finance a Cat 301, 302, 303, 305, or 308 mini excavator with same-day approval and funding in as little as 4 hours. No application fee. All credit types welcome. We serve contractors across Phoenix, Mesa, Chandler, Scottsdale, Tucson, Glendale, Tempe, Peoria, Yuma, and Eloy.
Models we finance
Cat 301.7, 302, 302.7, 303, 303.5, 304, 305, 305.5, 306, 308 — new and used
"Financed our Cat 308 in 5 hours. Needed it for a Chandler subdivision utility job that started Monday. They made it happen."
— Chandler, AZ utility contractor
No application fee · No hard pull · Decisions in 4 hours
Pre-qualification in minutes. Full approval in 4 hours. Same-day funding available for qualified Arizona borrowers. Your Cat mini excavator can be on the job site today.
Excellent, good, fair, and rebuilding credit all reviewed individually. Startups under 2 years qualify with 20–30% down. No automatic declines.
We finance new machines from Empire Southwest and Papé Machinery as well as used Cat mini excavators from private sellers, Ritchie Bros., IronPlanet, and Purple Wave auctions.
Cat mini excavators hold value well — strong collateral means better rates. We compete with dealer financing and beat bank timelines on every deal.
24 to 84 month terms. Seasonal payment plans for contractors with cyclical Arizona revenue. Step-up structures for growing businesses.
We are not affiliated with Caterpillar Financial Products Corporation. No dealer restrictions, no manufacturer inventory requirements. You choose the machine and the source.
Estimates based on current market rates. Actual rate depends on credit profile, term, and equipment age.
| Scenario | Est. Monthly Factor |
|---|---|
| New Cat 308 — 60 months, excellent credit (750+) | $0.0195/dollar |
| New Cat 305 — 60 months, good credit (700–749) | $0.0210/dollar |
| Used Cat 308 (3 yrs) — 48 months, good credit | $0.0225/dollar |
| New Cat 308 — 72 months, fair credit (650–699) | $0.0235/dollar |
| Used Cat 303 (5 yrs) — 36 months, fair credit | $0.0255/dollar |
| Startup program — 48 months, 20% down | $0.0245/dollar |
Multiply factor by equipment cost to estimate monthly payment. Example: $100,000 × 0.0195 = $1,950/mo.
Phoenix Equipment Finance is Arizona's independent Cat equipment lender. No dealer markup. No manufacturer restrictions. Fast, direct funding.
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