Compare Concrete Truck Financing & Leasing to Business Loans, and Merchant Cash Advance
| Business Loans | Equipment Finance | Merchant Cash Advance |
Interest Rates | Low | Low | High |
Underwriting Difficulty | Median | Median | Basic |
Pre-Credit Docs | Application, Tax Returns, Statements | Application, invoice, bank statements | Application, bank statements |
Credit Minimum | 650 | 600 | 500 |
Time in Business | 2 years | Start-up Ok! | 6 months |
Payment | Weekly/Monthly | Monthly | Daily/Weekly |
Min Monthly Revenue | $50,000 | Pre-revenue OK! | $5,000 |
Needed To Fund | VC, DL, proof of ownership | Vendor invoice, VC, proof of ownership | VC, DL, proof of ownership |
Maximum Term | 5 Years | 5 Years | 12 Months |
Financing Options for New or Used Concrete Truck:
Financing Options for Concrete Trucks:
We offer various financing options tailored to your needs:
- Equipment Financing: Spread the cost of the Concrete truck over time with fixed payment terms.
- Equipment Leasing: Lease a mixer truck, pump truck with off-balance sheet financing options like Fair Market Value (FMV) leases.
Additional Financing Benefits:
- $99 for the First 6 Months: Get started with minimal upfront costs.
- 90-Day Deferred Payments: Pay nothing for the first three months.
- Working Capital Loans: Access short-term cash flow solutions for immediate needs.
Looking to upgrade or add to your fleet another Concrete truck? At Liberty Capital Group, Inc., we understand the importance of having reliable equipment for your construction company. Concrete trucks are essential assets if you do paving, concrete pumping, foundation pouring, road repair, and concrete delivery that allow you to efficiently transport and dispose of various concrete materials to construction sites.
For startup concrete companies, we require:
- Business license or active business entity registration.
- Personal guarantees from all owners.
- Minimum 625 credit score.
- No bankruptcies in the last 7 years.
- No unresolved tax liens.
So, if you want expand your Concrete truck business operation, we can handle working capital, term loans, lines of credit and especially Used Heavy Equipment, including concrete trucks, concrete trailer, pump trailer, and many heavy ticket items all can be financed. Apply now to get your business capital to grow. Call now 888-511-6223.
Concrete Truck Financing Application Only up to $250,000
Get Started Today!
Ready to invest in a new or used concrete pump truck for your business? Apply online today or call our Funding Specialists at 888-511-6223 for personalized assistance. Let Liberty Capital Group, Inc. be your reliable funding partner for all your concrete pump truck financing needs. Apply Now!
Covers many types of equipment we can finance.
Easier to get than a traditional bank business loan
Concrete Truck Loans Are Easier To Get. Here is why:
Less paperwork
Fast processing time
Less stringent requirements for qualifying
No collateral needed, the truck is the collateral
May require less credit score for you and your business as well
Guide to Concrete Pump Truck Financing
Ensuring your Concrete truck fleet is reliable and up-to-date is crucial for running a successful profitable construction business. However, these specialized vehicles come with significant costs. Concrete pump trucks may range from $100,000 to $300,000, while heavy-duty concrete mixing trucks can exceed $500,000.
Why Finance Concrete Mixer Truck?
When it comes to Concrete Truck Financing, Liberty Capital Group, Inc. offers several advantages over traditional lenders:
- Corp-Only Availability: We cater exclusively to corporations, providing tailored financing solutions for businesses.
- Up to 120% Equipment Cost Coverage: Our financing options can cover not only the equipment cost but also associated soft costs.
- Flexible Funding Amounts: Access financing ranging from $250,000 with a simple one-page application to $5,000,000 with financial statements.
- Quick Approval Process: Benefit from next-day funding approval, ensuring minimal downtime for your operations.
- Approved Equipment Vendors: We work with approved packaging equipment vendors, streamlining the acquisition process for our clients.
- Lowest Industry Rates: Enjoy competitive rates for qualified borrowers, reducing the overall cost of financing.
- Eligibility for New and Used Equipment Financing: Whether you’re purchasing new or pre-owned equipment, we’ve got you covered.
- Minimal Impact on Personal Credit: Our financing solutions do not appear on personal credit reports, preserving your personal credit history.
- No Pre-Payment Penalties: Enjoy the flexibility of paying off your loan early without incurring penalties.
What do I need to apply?
- ONLINE APPLICATION:You can fill out our application, upload and authorized us to process. We do soft-inquiry, and our lender will do hard inquiries once you are approved.
- Equipment Invoice orQuote for the truck or equipment you want to buy. Multiple vendors accepted. We’ll lump them into one monthly payment for you.
- Banks statements (3-4 months) – Proof income, proof of banking, and proof funds availability in case down payment is needed and to match for ACH Payment Drafting – as an auto pay.
Once we have your application, your funding advisor will reach out to discuss the process, timeline, and expectations. We’ll then make an offer and if accepted, we’ll reach out to the vendor for payment instruction. We can pre-fund any vendor up to 100%. We can do used equipment up to 60 months.
Our approval rate is higher than normal due to the fact that we cater to all types of credit from A to D, including structured truck leases.
Get Started Today!
Our small business financing experts are available to guide you through the funding Process.
Despite technological advancements, loans, especially in crane and concrete truck, concrete pump trailer, concrete truck and concrete equipment financing, predominantly involve personal interaction with an underwriter to ensure smooth funding. Automation may not suffice, particularly when dealing with a third party like the vendor, insurance and the complexities of equipment purchase. In such scenarios, business owners are often better served by collaborating with a Business Loans Broker like Liberty Capital Group, Inc., who can steer them in the right direction.
Instant Quote Online
Use our instant online quote calculator to get an accurate no obligation quote.
Apply Online
Complete our quick online application. Application takes 5 mins.
Review Your Options
We will contact you to review your options.
Get Funds
Money will be deposited in your account in as little as 24 hours.
