---
title: Contractor Purchases New Equipment Despite Late Rental Payments
description: Read more about how this site prep contractor was able to purchase new equipment with help from CCG despite having late rental payments.
---

[Customer Success | CCG ](https://www.commercialcreditgroup.com/case-studies)

# [Contractor Purchases New Equipment Despite Late Rental Payments](https://www.commercialcreditgroup.com/case-studies/new-equipment-despite-late-rental-payments)

 Written by [No Author](https://www.commercialcreditgroup.com/case-studies/author/no-author) | Oct 2, 2025 4:45:53 PM

### Company Type:

-- Site Prep Contractor

### Location:

-- Western USA

### Background:

In business since 2004, the company is both a vertical and horizontal home builder.

In addition to custom building, they specialize in subdivision site preparation, moving dirt, installation of utilities, pouring foundations, and more.

> #### Cash strapped, this site prep contractor was past due on equipment rental payments and had an outstanding tax lien, but they also had a significant amount of contracted future work. They needed to purchase equipment to continue operations. 
> 
> 
> 
> 
> 
> 
> 
>  

*  
Situation*

## Payment Delays Result in Poor Cash Flow and Missed Rental Payments

The customer was under contract to work on 192 lots but was experiencing a delay in payment for work previously performed. As a result, they were past due on payments for equipment on rent from the local equipment dealer, past due on payments for **[financed equipment](https://www.commercialcreditgroup.com/services/equipment-financing)**, and had some outstanding tax liens. The customer also needed money for short-term operations while they waited for their **[accounts receivable](https://www.commercialcreditgroup.com/services/accounts-receivable-financing)** to pay. 

They needed a lender that would:

- Realize the value of their existing contracts
- Understand the reasons causing their current situation
- Recognize the value in their existing equipment

They also needed the transactional expertise to payoff existing debt and obtain working capital to continue operation.

 

*Solution*

 

## Refinance of Existing Equipment Provides Working Capital to Payoff Outstanding Debts

CCG structured a loan that accomplished the following:

- Used free and clear collateral to pay off tax lien and provide a **[working capital loan](https://www.commercialcreditgroup.com/services/working-capital)** for operations
- **[Converted the rented equipment into a purchase](https://www.commercialcreditgroup.com/blog/rental-conversions) **(paying all past due rentals)
- **[Refinance the debt](https://www.commercialcreditgroup.com/services/debt-consolidation)** and equipment with their existing lender with a payment plan that was consistent with their cash flow

 

* *

[View full post](https://www.commercialcreditgroup.com/case-studies/new-equipment-despite-late-rental-payments)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "No Author"
  },
  "dateModified" : "2025-10-02T16:45:53.851Z",
  "datePublished" : "2025-10-02T16:45:53Z",
  "headline" : "Contractor Purchases New Equipment Despite Late Rental Payments",
  "image" : {
    "@type" : "ImageObject",
    "height" : 536,
    "url" : "https://3354664.fs1.hubspotusercontent-na1.net/hubfs/3354664/d774921c-247b-4eb9-af3d-f48b6bdc8f74.webp",
    "width" : 752
  },
  "mainEntityOfPage" : "https://www.commercialcreditgroup.com/case-studies/new-equipment-despite-late-rental-payments",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Customer Success"
  }
}
```