Can I get a trades business loan while paying off equipment financing?

Most trades businesses carry some debt. Truck financing, tool payments, previous working capital. Having debt isn't the problem. The question is whether your revenue can support more.

What we check:

Your monthly deposits vs your monthly obligations. If you're depositing $25K per month and your truck payment is $800, there's room. We're looking at cash flow, not counting how many loans you have.

Example: $20K monthly deposits. $600 existing equipment payment. $500 new payment. Still leaves plenty for rent, payroll, materials. That works.

You might be in better shape than you think:

Your trades business isn't in the same place it was when you got that equipment loan. More time in business. Smoother bank activity. Revenue's up. You've already proven you can manage payments.

Some contractors come to us assuming they're barely fundable because they have existing debt. Then we look at their deposits and realize they're in a way stronger position than their first go. They just didn't know it yet.

What actually disqualifies you:

• Recent missed payments. Shows management issues, not just debt load.
• Revenue under $10K monthly. Hard to service multiple obligations at that level.

The reality:

Banks see existing debt and decline. We see existing debt and check if you're managing it well. Making truck payments on time while revenue grows? That's a good sign.

You've already been funded once. You've handled capital. You're not a question mark anymore.