Get Competitive Terms and Rates for Crane Financing
Best Crane Truck financing can consist of the following when working with Liberty Capital.
- Up to 120% equipment cost
- Up to $250,000 application only
- Up to $5,000,000 with financial statements
- New or used Cranes and Trucks
- Private Seller or Equipment vendors
- 12 – 84-month fixed payment terms
- No down payment required for qualified borrowers.
- Competitive Rates for qualified borrowers
- Sale Lease Back for access to working capital.
- Will not appear on personal credit reports.
- No pre-payment penalties
- No Age restriction on Cranes
We’ve provided Crane Equipment Financing for huge companies who develop big projects like apartment, hotels and big condo units that requires specialized crane truck, who are mandated to upgrade to make sure it’s compliant. We are a lender that specializes in the heavy equipment market so we can develop a customized finance solution geared to enhancing your business growth, image and bottom line. Call us today or apply online.
Your Monthly Payment Financing Options
Features | Business Term Loans | Equipment Leasing | Equipment Financing |
Ownership Requirements | 50% | 100% | 100% |
Initial Costs | $0 (orig fees) | Low to moderate | Varies |
Monthly Payments | Monthly, Daily, Weekly | Monthly | Monthly |
Credit Minimum: | 550 | 600 | 650 |
Fund Disbursements | Client | Vendor | Vendor |
New/Used Equipment | n/a | Yes | Yes |
Maximum Term | 24 months | 60 months | 60 months |
Time in Business | 3+ years | Startup OK | Startup Ok |
Interest Rates | Moderate | Low | Low |
Application Only | $150K | $250K | S250K |
Funding Time | Same Day Funding | 1-3 days | 1- 5 days |
Compare Business Loans, Equipment Financing and Merchant Cash Advance – reasons to use equipment financing.
Business Loans | Equipment Finance | Merchant Cash Advance | |
Application Only | Up to $150K | up to $250k | up to $250K |
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 |
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 | 3-7 Years | 5 Years | 24 Months |
Choose Between Equipment Finance Agreement or Equipment Lease for Cranes.
Liberty Capital financing specials:
- $99 for the first 6 months: Requires only $99 to start.
- 90-day Deferred Payments – $0 for the first three months
- Fast approvals online application only up to $250,000, full financials above $250,000.00
- Other off-balance sheet financing – Fair Market Value, 10%
- Lease – $1 buyouts.
- Terms from 12 – 84 months
- $0 Down Payment available
- 0% Security available
These solutions typically involve two primary options:
- Cranes & Truck Financing: Businesses secures equipment financing for crane operators in their manufacturing facilities. These types of truck financing allow businesses to spread the cost of the equipment over time, making it more affordable for business owners with equipment financing. Heavy asset like Crane truck can be very expensive to pay outright.
- Cranes & Truck Leasing: Leasing involves off-balance sheet financing in the form of Fair Market Value (FMV). During the lease term, the business pays regular payments to the leasing company. Payments is deducted 100%. At the end of the lease term, the business may have the option to purchase the equipment, typically, 10% or based on current fair market value. Or return the equipment or negotiate a new lease agreement for upgraded equipment.
Both financing and leasing options offer benefits such as preserving cash flow, avoiding large upfront costs, and providing flexibility in of consistently having an updated equipment. Additionally, financing and leasing solutions for equipment may include maintenance, installation, delivery, and service agreements.
Crane Truck Equipment Financing for startups and established companies.
Credit Requirements for startup business looking to buy crane truck:
- Business license or active business entity with the secretary of state
- Personal guarantees required from all owners.
- Minimum 600 credit score
- No bankruptcies in the last 7 years
- No unresolved tax liens
- 20% down payment for startups
Therefore, crane truck, crane financing has many benefits. It will save your business cashflow by financing depreciating assets. Avoid obsolescence and inflation buster. Don’t forget it builds asset for the business while benefiting from tax deductibility under IRS section 179 of these types of purchase. these types of equipment can be too expensive to buy, and anyway, they depreciate so fast. Equipment Leasing is the best way to go about it is conserving cash and protecting from obsolescence. The best thing about Office Equipment Leasing is that you also enjoy tax benefits and the low monthly payment it affords you, same as the person that buys the equipment, most of these transactions will not appear on personal credit since it’s a business loan.
Whether you decide to lease, borrow, or buy out right, you will find yourself in need of an equipment leasing and financing is more easily accessible through your trusted funding source Like Liberty Capital. Cashflow is King once it’s paid you can’t cash out of business equipment. Fixed asset should not be paid w/ liquid cash. There’s no such thing as secondary equipment marketplace who will refinance your paid off equipment. Liberty Capital understands that it’s not just equipment financing it’s all about the cashflow.
Here are some of the most popular crane truck manufacturers in America:
Determining the type of cranes your business can depend factors on what you want to specialize in such as lifting capacity, versatility, reliability, and customer satisfaction. Transportation, warehousing, construction, bridges, commercial buildings, you determine your business then equipment will follow. You can grow allow with master lease agreement.
- National Crane:National Crane, a subsidiary of Manitowoc Cranes, offers a range of telescoping, Trucks and articulating cranes mounted on truck chassis. Their cranes are known for their durability, efficiency, and innovative features.
- Terex Corporation: Terex manufactures a variety of crane trucks under brands like Terex Cranes and Terex Utilities. They produce hydraulic truck cranes, trucks, and aerial work platforms suitable for different industries and applications.
- Grove: Grove, another brand under Manitowoc Cranes, is well-known for its high-quality mobile cranes, including all-terrain, rough-terrain, and truck-mounted cranes. Grove crane trucks are renowned for their performance, reliability, and advanced technology.
- Link-Belt: Link-Belt, a subsidiary of the LBX Company, offers a range of telescopic truck-mounted cranes known for their strength, precision, and ease of operation. They provide solutions for various lifting challenges in construction, infrastructure, and industrial projects.
- Elliott Equipment Company: Elliott specializes in manufacturing truck-mounted aerial work platforms, trucks, and cranes. Their products are designed for versatility, safety, and efficiency, catering to industries such as construction, utilities, and tree care.
These manufacturers are among the leading providers of crane trucks in America, offering a wide range of models to meet the diverse needs of customers across different industries. It’s essential to research specific models and consult with industry experts to determine the Best Crane.
The Crane Financing Application Only up to $250,000
One of the utmost necessities for a Crane Operator is its cranes in it’s fleet of equipment. It’s imperative to ensure that operational equipment, which serves as an asset for the company, is well-maintained and kept current. Equipment loans or leasing are viable routes for expanding a heavy construction company. Leasing offers numerous advantages, though they won’t be explored here today. One notable benefit of equipment leasing is the accompanying tax advantages, cashflow saving, inflation buster and safety from obsolescence.
So, if you want to expand your crane truck business operation, we can handle working capital, term loans, lines of credit and especially Used Heavy Equipment, including trucks, crane, lift cranes and many heavy ticket items all can be financed. Apply now to get your business capital to grow. Call now 888-511-6223.
