FQ Construction Equipment Financing Success

FQ Construction secured $400,000 in equipment financing to expand fleet capacity, increasing project capacity by 45% and revenue by $520,000 annually.

Natasha Simmons, Senior Project Manager of Foreman Quality Construction a construction business in North Texas standing confidently

Executive Summary

Foreman Quality Construction, a growing construction firm in North Texas, faced capacity constraints due to aging equipment and insufficient machinery to handle increased demand. The company secured a $400,000 equipment financing package to acquire modern machinery and expand operational capabilities. This strategic investment resulted in significant revenue growth and improved competitive positioning.

The Challenge

Equipment fleet was aging and frequently required costly repairs, reducing job site efficiency by 20-30%
Unable to bid on larger commercial contracts due to lack of heavy machinery and equipment capacity
Competitors with newer equipment were winning contracts worth $2M+, limiting FQ's market share

The Solution

Foreman Quality Construction determined that equipment financing was the optimal solution rather than cash purchase, preserving working capital while acquiring state-of-the-art machinery. The $400,000 financing package enabled the company to purchase five pieces of essential equipment: two hydraulic excavators, one skid-steer loader, one concrete pump truck, and specialized safety equipment and tooling.

The funds were strategically deployed to address the most critical operational bottlenecks. The excavators and skid-steer loader immediately improved productivity on job sites, reducing project timelines by 15-25%. The concrete pump truck opened access to higher-margin commercial projects previously unavailable to the company. Equipment financing preserved $400,000 in cash reserves for working capital, payroll, and emergency operations, enabling FQ to scale operations without financial strain.

Natasha Simmons, Senior Project Manager
"This equipment financing allowed us to bid on larger contracts we previously couldn't handle. Within 18 months, we expanded our team and doubled our project portfolio."

The Outcome

Revenue increased by $520,000 annually within 18 months of equipment deployment, representing a 35% year-over-year growth
Equipment utilization rate reached 78-82%, with machinery operating 5-6 days per week across multiple active projects
Bid win rate improved 45%, enabling the company to secure three major commercial contracts valued at $5.2M combined

Conclusion

The $400,000 equipment financing investment proved highly successful, directly contributing to Foreman Quality Construction's expansion and market competitiveness. The company transformed from a mid-sized regional contractor into a preferred vendor for larger commercial construction projects in North Texas.

Looking Forward

Foreman Quality Construction plans to refinance additional equipment and pursue a second financing round of $300,000 to acquire more machinery within the next 12 months. With improved cash flow and demonstrated project success, the company aims to increase annual revenue to $4.5M and expand operations into Oklahoma and Louisiana markets by 2026.