Loadmaster Inc. has built rear loader refuse bodies in Texas for decades. The company's Excel-S is the body most haulers encounter, and it has earned a reputation as a durable, serviceable rear loader suited to both residential and commercial routes. Loadmaster equipment tends to be priced competitively against the larger national brands, which makes it a natural choice for operators watching capital closely while building out a route or replacing aging fleet units.
We finance the Loadmaster Excel-S rear loader and other Loadmaster configurations, new and used. The typical Loadmaster buyer is a regional or small private hauler who values price-to-performance and wants a body that can be maintained locally without proprietary dealer support for every repair. That kind of operator is exactly who we work with, and we structure financing to protect the cash flow the route depends on.
Minimum transaction is $50,000. A new Loadmaster body plus chassis runs comfortably above that. Used Loadmaster packages, which we see regularly, often fall landing between $60k and $140k depending on year, chassis, and condition. Our process runs application to funded in about one to two weeks, and for deals under roughly $400,000 we do not require three years of tax returns.
Loadmaster Excel-S: What Operators Get
The Excel-S uses a full-pack tailgate design with a packing blade that sweeps refuse from the hopper into the main body. The body is available in configurations from approximately 20 to 28 cubic yards and is built with a focus on minimizing the number of hydraulic cylinders in the packing mechanism, which reduces the failure points an operator has to watch and maintain.
The hopper opening is wide by design, which matters on routes where the lifting and dumping of cans and bags needs to happen quickly. Stop-count routes, where the truck makes hundreds of lifts per day, benefit from a hopper design that speeds the loading cycle without requiring precise positioning of the container. The Excel-S hopper is built for that kind of continuous use.
Loadmaster bodies are available with a variety of tailgate options, including standard push-out tailgates and options suited to specific container types. The bodies accept both hydraulic cylinder and cable-operated tailgate mechanisms depending on configuration. Parts are manufactured and available directly from the company's Texas facility, which means operators in the South, Southwest, and Midwest generally find Loadmaster parts faster than they would for brands manufactured farther from those markets.
For operators who run a packer truck on a dense commercial route, the Excel-S handles the load cycles that commercial service demands. Commercial waste is generally heavier per cubic yard than residential, and the Excel-S body structure is rated for the density loads common on commercial routes.
Where Loadmaster Fits the Market
Loadmaster sells primarily through a dealer network concentrated in Texas, the South, and the Sunbelt. Operators in those regions encounter Loadmaster bodies regularly in the new and used markets. Outside those regions, Loadmaster is less common, and used inventory availability drops accordingly.
The practical implication for operators in the Midwest, Northeast, or Pacific Coast is that buying a Loadmaster used truck may mean sourcing it from a seller in Texas or the Gulf region. We finance those transactions regardless of where the truck is being purchased from. The deal is evaluated on the equipment condition and the operator's financials, not on the geographic origin of the truck.
Commercial waste collection operators in Sunbelt markets who run multiple routes will often have a mix of Loadmaster and other brands in their fleet because dealer proximity makes Loadmaster servicing straightforward. Financing a fleet addition under that scenario is a routine transaction for us, and we handle multi-unit orders on the same one-to-two-week timeline as single units.
If you are comparing Loadmaster against competing brands, the Heil DuraPack line and McNeilus rear loaders are the main competitors in the mid-size rear loader market. All three finance on identical structures and terms through us.
Refinancing and Equity Access on Loadmaster Equipment
Loadmaster trucks that are paid off or carry equity give the operator financial flexibility beyond the route. A garbage truck refinance or Sale-Leaseback converts that equity into working capital. The truck keeps running. The cash goes wherever the operation needs it most, whether that is fuel reserves, a down payment on a second truck, or a contract bond deposit for a new municipal account.
We see this most often with operators who purchased a Loadmaster truck several years ago, made consistent payments, and now have a truck with meaningful equity. The sale-leaseback gives them access to that capital without requiring them to sell the truck or take the asset off the route. The payment they make under the leaseback is often lower than what they were paying on the original loan because the equipment value has been partially amortized and the new term is structured fresh.
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