Finance new or used Caterpillar mining equipment. Cat 793, 797F haul trucks, D11 dozers, 994 loaders, and hydraulic shovels. application-only programs reaching $400k. Quotes in 24 hours.
Availability is production, and production is revenue. That sentence is the whole reason Caterpillar dominates open-pit and surface mines from Nevada's Carlin Trend to the Powder River Basin coal fields. Cat builds machines that run long hours between failures, and operators buy them because downtime is the most expensive line on any mine's P&L. Financing that iron correctly means structuring around the duty cycle, not around a bank's generic collateral template.
We specialize in mining equipment transactions. Our financing team includes sources that understand Caterpillar residuals, that know a well-maintained 793 or 797F holds value far longer than a conventional piece of yellow iron, and that price deals accordingly. Whether you are acquiring a fleet addition, replacing a unit with high hours, or pulling equity out of paid-off machines to fund a rebuild program, we structure transactions that fit the actual cash flow of the operation.
Caterpillar's mining lineup spansrigid-frame haul trucksfrom the 777 at 100 tons through the 793 at 218 tons and the flagship 797F at 400 tons, plusCat D11 dozersthat are the standard for overburden push on large surface sites. The 994 and 992 wheel loaders work primary loading duties on mines where rope shovels are not deployed. The 6060 hydraulic shovel and 6015B mining excavator handle face loading in hard-rock applications. Across the entire range we can finance new units, used units, and auction acquisitions, with terms structured to the asset class.
Caterpillar's Mining Iron: What You're Actually Financing
TheCaterpillar 793 haul truckis the volume workhorse of Cat's mining lineup. At a 218-ton payload rating and a gross machine weight topping 600 tons fully loaded, it is one of the most common trucks in gold and copper open pits globally. Purchase prices for new units run well into the millions; well-maintained used examples with documented component history trade at values that justify structured financing rather than cash purchase. Our lenders understand the 793's market and will book it accordingly.
TheCat 797Fsits at the top of the mechanical-drive segment with a 400-ton payload capacity and is purpose-built for the world's largest copper and coal operations. Financing a 797F involves longer terms and larger advance amounts; our network has sources that have done exactly these deals.
On the loading side, theCaterpillar 994 wheel loaderis the largest wheel loader in Cat's lineup, with bucket capacities matching haul truck payloads on mid-size pits. The 992 handles similar work on smaller operations. Both units carry strong resale histories that support favorable advance rates.
TheCat MD6250 rotary blasthole drilland the D11 dozer round out the surface mining fleet. Financing these alongside haul trucks in a fleet package can simplify documentation and potentially improve terms across the board.
New Cat vs. Used Cat: How Financing Differs
New Caterpillar mining equipment comes with full factory warranty, current emissions compliance, and the ability to spec the unit to your exact application. Lenders extend the longest terms and highest advance rates on new units, which means your monthly payment can be lower on a new machine than a comparable used unit financed poorly. If the operation's cash flow supports a higher monthly number, a shorter term on a new Cat often beats a long-term deal on an older machine that may require a rebuild before the note is retired.
Used Caterpillar equipment is where a significant portion of our transactions occur. The used Cat market is deep, and buyers who know what to look for, documented component hours on the engine block, transmission, final drives, and front axle, can acquire tremendous production capacity at a fraction of new-unit cost. Our lenders will request SIMS reports or equivalent component history documentation on high-value used units. Buyers who have that paperwork ready close faster and at better advance rates.
We also finance Cat equipment purchased through dealer auctions and private-party sales. Aprivate-party equipment purchaserequires a little more documentation than a dealer transaction, but the economics often make it the right call on the buy side. Auction acquisitions from major equipment liquidators are treated similarly. Provide us the auction invoice and we can usually move to approval within a few business days.
Term Structure for Large Cat Transactions
Our minimum transaction size is $50,000, though the majority of Cat mining deals fall significantly above that floor. The sweet spot for our financing team is $100,000 to $150,000 and above, which covers most used Cat 777 and 793 transactions comfortably. For larger fleet additions, multi-unit transactions often receive better collective terms than individual deal submissions.
Application-only financing is available up to approximately $400,000, meaning deals in that range require no tax returns or financial statements, only a completed credit application. Above $400,000, lenders will request three months of business bank statements and may ask for additional documentation depending on credit profile. Operations with a strong payment history and clean banking will move through that process quickly. B and C credit is considered; we work with lenders who weigh equipment value and operator experience alongside credit scores.
Funding typically takes one to two weeks from approval to disbursement. Operators who move fast on a good used unit at auction can use us to lock the deal and fund promptly. Purchase, refinance,Sale-Leaseback Financing, andcash-out refinancestructures are all available on Cat equipment.
Who We Work With on Cat Deals
Contract miners who run Cat fleets and need to bid new work fast are a core customer. Winning a haul contract without the equipment in place is a problem financing solves, provided the credit profile and operator history are solid. We have worked with contract mining companies from initial fleet build through fleet expansion, and the bid window is often the same window as the financing window. Contract operations that can close fast keep the work; slow money loses it.
Owner-operators running single or small fleets on quarry and aggregate sites use Cat equipment heavily and often fall below the minimum transaction sizes that major bank programs care about. We serve that segment directly, financing quarry operations and aggregate producers on Cat loaders, dozers, and haul trucks with the same process we use for large-fleet deals.
Mining companies working gold and copper operations in Nevada and Arizona run Cat as their primary brand and cycle through equipment regularly. That operational context shapes how we structure deals. A customer with three paid-off Cat machines and a new unit to acquire is a customer who may benefit from a fleet sale-leaseback alongside the new acquisition rather than a straight purchase note.