Liberty Capital Group, Inc. specialize in new or used crane and crane truck financing. Construction, transportation, warehousing, commercial and industrial companies purchases multiple equipment on a yearly basis for many reasons, but contractually, you’ll either utilize many forms of financing based on how tax treatment is going to be. Asset heavy industry requires access to financing. A master lease agreement would be ideal for everyone who adds equipment regularly. Master Lease Agreement is a line of credit for equipment leasing.
Why Choose Liberty Capital Group for Your Crane Truck Financing
Affordability is key when it comes to acquiring new or used crane trucks. Our financing options offer the flexibility you need to manage your cash flow effectively while investing in the equipment necessary to grow your business. With longer loan terms of up to 84 months, we can help you reduce your monthly payments and make owning a high-ticket item like a crane, or crane trucks more manageable.
Compared to traditional lenders, we offer several advantages:
- Corp-Only Available: We cater to businesses of all sizes, including corporations.
- Up to 120% Equipment Cost: Our financing solutions can cover not only the equipment cost but also soft costs associated with acquisition.
- Fast Approval Process: With our simple one-page application, you can get Funding Approval as quickly as the next day.
- No Down Payment Required: Qualified borrowers may access financing without the need for a down payment.
- Lowest Rates: We offer competitive rates for qualified borrowers, ensuring you get the best financing terms available.
- No Pre-Payment Penalties: Enjoy the flexibility of paying off your loan early without any penalties.
Credit Requirements for Crane Financing
Our Simple Qualification Will Get Your Quickly Get Approved.
- Business license or active business entity registration.
- Personal guarantees from all owners.
- Minimum 600 credit score.
- No bankruptcies in the last 7 years.
- No unresolved tax liens.
Financing Options for Cranes and Crane Trucks:
We offer various financing options tailored to your needs:
- Equipment Financing: Spread the cost of the crane truck over time with fixed payment terms.
- Equipment Leasing: Lease a crane 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.
What do I need to apply?
Ø 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.
Ø Equipment Invoice or Quote for the equipment you want to buy. Multiple vendors accepted. We’ll lump them into one monthly payment for you.
**Banks statements (3-4 months) – 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.
***Equipment financing is a unique product that if you don’t qualify it doesn’t mean you won’t qualify for other loan programs. So, don’t get discourage if you’ve been turned down before. Equipment financing with direct lender is sometimes based on their credit window. If you go with LIberty Capital you will have access whether you’re in the A or D credit profile.
The Truck Dealers and Equipment Vendor. What part do they play?
If you sell new or used trucks, trailers or machinery including any business equipment, we’d love to partner with you to offer highest approval rate for your clients. Our goal is to get them approved no matter what their credit profile might be. Working with Liberty Capital will give you a wider credit window so you can stop shopping for your clients. We do soft-inquiry for each applicant. Call to speak with one of our Vendor Specialists @ 888-511-6223.
Covers many types of crane equipment in the industry
Easier to get than a traditional business loan
Less paperwork
Fast processing time
Less stringent requirements for qualifying
No collateral needed, the equipment is the collateral
May require less credit score for you and your business as well
Crane Truck Equipment Financing Options: Choose Between Equipment Finance Agreement or Equipment Lease
Liberty Capital accommodates clients with commercial truck financing options that will yields very little working capital outlay.
- $99 for the first 6 months: Requires only $99 to start.
- 90-day Deferred Payments – $0 for the first three months
- Working Capital loans for short-term cashflow needs
- Fast approvals online application only up to $250,000, full financials above $250,000.00
- Other off-balance sheet financing – Fair Market Value, 10% FMV
- Lease – $1 buyouts.
- Terms from 12 – 84 months
These solutions typically involve two primary options:
- Crane 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.
- Crane 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. Equipment Finance Agreement is a new form of financing where you get to own the equipment from day one.
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.
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 equipment, leasing can handle all the capital you need in addition to working capital, term loans, lines of credit that’s available from Liberty Capital. Our Used Heavy Equipment finance will give you the creditline you need including trucks, crane, lift cranes and flatbed trailers all can be financed. Apply now to get your business capital to grow. Call now 888-511-6223.
How to Apply?
All we need from your clients is a simple application.
1. ONLINE APPLICATION: You can fill out our application, upload and authorized us to process your application. We do soft-inquiry, and our lender will do hard inquiries once you are approved for Equipment Financing only.
2. 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. We’ll accept bill-of-sale for some private sale.
3. 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.
Our small business financing experts are available to guide you through the funding Process.
Despite technological advancements, loans, especially in crane truck and equipment financing, predominantly involve personal interaction with an underwriter to ensure as fraud prevention. Automation may not suffice, particularly when dealing with a third party like the vendor 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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Apply Online
Complete our quick online application. Application takes 5 mins.
Review Your Options
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Get Funds
Money will be deposited in your account in as little as 24 hours.
