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 3 or 6 months (for well-qualified businesses: strong credit, 3+ years in business and quality equipment): Get started with minimal upfront costs.
- 90-Day Deferred Payments: For well-qualified businesses, the first payment can start up to 90 days out (select programs).
- 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 650 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!
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 Available: Established corporations with multiple owners may qualify without a personal guarantee. Amounts are limited, and most files are approved with owner guarantees.
- 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 from $10,000 up to about $250,000 on a one-page application, and up 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 equipment vendors and concrete truck dealers nationwide, streamlining the acquisition process for our clients.
- Competitive Rates by Credit Tier: 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: Most business equipment financing reports to business credit rather than your personal credit. A personal guarantee is usually required, and a hard inquiry may be run at final approval.
- No Pre-Payment Penalty Fee: You can pay off early with no penalty fee. Note that leases and EFAs are non-cancellable, so an early payoff means settling the remaining obligation per the contract. We will show you the exact payoff figure before you sign.
Why Leasing a Concrete Truck Protects Cash Flow
- Conserve working capital: keep cash for drivers, fuel, plant costs and bid deposits instead of sinking it into a depreciating truck.
- Inflation buster: your payment is fixed while equipment prices and operating costs rise, so future payments are made with cheaper dollars.
- Low, manageable payments: terms up to 60 months keep the monthly payment in line with what the truck earns on pours.
- $1 buyout or FMV: most leases are written with a $1 buyout so you own the truck at the end; FMV keeps the payment lower if you upgrade on a cycle.
- Section 179: $1 buyout leases and equipment finance agreements may qualify for Section 179 or bonus depreciation. Confirm with your CPA.
Rates and terms disclosure: Application-only limits vary by credit, time in business, equipment type and industry. Any rates, payments or terms shown are examples only. Sample rates apply to established businesses with 3 to 5+ years in business and strong credit (680+ FICO) and are subject to credit approval. Rates for startups vary and are subject to final approval. This is not an offer or commitment to lend.
Related financing: dump truck financing · crane truck financing · heavy equipment financing · contractor funding · all commercial truck financing
Get a free concrete truck quote — no obligation, or apply in 3 minutes. Compare $1 buyout vs FMV leases and check Section 179 before you sign.
What do I need to apply?
- ONLINE APPLICATION:You can fill out our application, upload and authorize us to process. We do soft-inquiry, and our lender will do hard inquiries once you are approved.
- Equipment Invoice or Quote for the truck or equipment you want to buy. Multiple vendors accepted. We’ll lump them into one monthly payment for you.
- Bank 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!
Cement Mixer Truck Financing
Ready-mix and cement mixer trucks are the backbone of a concrete operation, and they are financed the same way whether the drum is front or rear discharge. New or used, dealer or private seller, we structure them on terms that match what the truck earns per pour. Used mixers are financed up to 60 months, subject to age, hours and condition.
Agitator, Volumetric and Mixer Trailer Financing
Agitator trucks, volumetric (mobile) mixers and mixer trailers qualify under the same programs. Volumetric units tend to carry a higher ticket because of the metering system, so they often fit better on a longer term or an equipment finance agreement where you own the unit from day one.
Concrete Pump Truck Financing: Boom Pump vs Line Pump
Boom pumps are the higher-ticket units, with the placing boom mounted on the truck. They are financed on the truck and the boom together, and underwriting looks closely at hours, boom length and service history. Line (trailer) pumps are a lower-ticket entry point for smaller pours and are often the first pump a growing contractor finances. Both can be bundled with the hoses, pipe and accessories from the same vendor invoice.
Used Concrete Truck Financing
Banks tend to stop at newer units. We finance used mixers and pumps from dealers or private sellers, with terms up to 60 months on used equipment. Private-party purchases require proof of ownership and a clean title, and we can pre-fund approved vendors up to 100% so your seller is paid on time.
Buying or Expanding a Concrete Business
Buying an existing ready-mix operation or adding a second truck is usually financed in pieces: the trucks on equipment financing, the acquisition itself with a small business loan including SBA programs, and the gap between pouring and getting paid with a line of credit or revenue-based working capital. Retention and slow general-contractor payments are the usual cash-flow squeeze in concrete work, and they are a working capital problem, not an equipment one.
Concrete Truck Financing FAQ
Can I finance a used concrete mixer truck?
Yes. Used mixers and pump trucks are financed from dealers or private sellers, with terms up to 60 months on used equipment, subject to age, hours and condition.
How much can I get with a one-page application?
Application-only approvals run up to about $250,000. Larger transactions up to $5,000,000 are available with financial statements.
What credit score do I need for concrete truck financing?
Equipment financing generally starts around a 600 score with startups considered; business term loans around 650 with two years in business; revenue-based funding around 500 with six months in business. We work with credit profiles from A to D.
Do you finance concrete pump trucks as well as mixers?
Yes. Boom pumps, line and trailer pumps, agitator trucks, volumetric mixers and mixer trailers all qualify, along with the hoses, pipe and accessories on the same invoice.
Can a startup concrete company get financing?
Equipment financing and leasing are available to startups, typically with a down payment or additional collateral. Business term loans require about two years in business.
What are the current promotions?
$99 for the first 3 or 6 months, 90-day deferred payments and $0 down options for qualified applicants. Financing can also cover up to 120% of the equipment cost, including soft costs.
How fast can a concrete truck be funded?
Next-day approval is possible on application-only files. Once documents are signed we pay your vendor directly, and we can pre-fund approved vendors up to 100%.
Will applying hurt my personal credit?
We start with a soft inquiry. A hard inquiry is only run once you are approved and moving forward. Equipment financing generally reports to business credit, though a personal guarantee is usually required.
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.
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