Get Fast, Flexible Commercial Truck Financing
No hard credit pull. Decisions in 24 hours.
Get Pre-Qualified NowOver $500M funded nationwide
If your business depends on lifting, hoisting, and reaching high places, you can’t afford downtime waiting for bank approvals.
At TruckLenders USA, we work with business owners like you:
2+ years in business
Credit score of 650 or higher
At least $5,000 in monthly ending bank balance
You’ve built something solid — now you’re ready to expand. We’ll help you move faster.
Why business owners choose us:
No hard credit pull to apply
Same-day approvals in most cases
Flexible terms tailored to your cash flow
Dealer, private party, and auction purchases welcome
Whether you’re financing a single truck or adding to your fleet, we specialize in structuring deals that make sense for your business.
Our process is designed for serious business owners ready to move fast.
Step 1: Fill Out Your General Profile
Quick questions about your business goals — no credit check, no pressure.
Step 2: Complete Your Business & Ownership Profile
Business name, time in operation, annual sales
Owner info (SSN, % ownership, home address)
Details on the boom truck you’re financing
Upload:
3 months business bank statements
Driver’s license or CDL
Bill of sale, invoice, or listing link
Step 3: We Review & Match in 24 Hours
We look at your time in business, credit score, and monthly cash flow, then match you with a lender that fits.
Step 4: Approval & Funding
Receive your approval terms — rate, monthly payment, term, and down payment — and get funded in as little as 1–3 days.
| Term | Range |
|---|---|
| Loan Amount | $25,000 – $300,000+ |
| Term Length | 24 – 72 months |
| Interest Rates | 7% – 18% |
| Down Payment | 0% – 20% |
| Funding Timeline | 1–3 days after approval |
What affects your rate?
Credit score (650+ preferred)
Time in business (2+ years ideal)
Monthly bank balance ($5,000+ preferred)
Truck type, age, and condition
Before committing to a boom truck purchase, it’s smart to see how different loan amounts, interest rates, and terms affect your payment. Our Boom Truck Loan Calculator makes it easy to run the numbers in seconds.
Simply enter:
Truck Price ($): The total cost of the boom truck you’re looking to finance.
Interest Rate (%): Your estimated annual percentage rate (APR).
Loan Term (Months): How long you want to take to repay the loan.
Click Calculate to instantly see your estimated monthly payment.
Plan your budget before applying
Compare loan scenarios side-by-side (e.g., shorter term vs. longer term)
See the impact of interest rates on your total cost
Decide if financing or leasing is a better fit for your cash flow
Pro Tip:
If you’re unsure of your interest rate, use 7%–18% as a range — this covers most borrowers we work with. For the loan term, remember that shorter terms mean higher monthly payments but lower total interest, while longer terms lower your monthly cost but may increase total interest paid.
Ready to see real numbers?
Fill in your details below and hit Calculate — then apply online to get your actual rate and terms in as little as 24 hours.
Choosing between a boom truck loan and a capital lease comes down to your long-term goals, cash flow, and how you plan to use the equipment.
Best if: You want to own the truck outright and use it for many years.
Pros:
You own the truck once the loan is paid off
Can finance new or used boom trucks
Builds equity in the asset
Lower total cost over the life of the loan compared to leasing
Consider if:
You plan to keep the boom truck for 5+ years
You want full control over modifications and usage
You’re focused on building long-term equity in your equipment
Best if: You want lower monthly payments or plan to upgrade often.
Pros:
Lower upfront cost than buying outright
Lower monthly payments compared to financing in many cases
Easier to upgrade every few years as technology and business needs change
May have tax advantages depending on how it’s structured
Consider if:
You want to preserve cash flow for other business expenses
You plan to swap or upgrade trucks regularly
You’re using the boom truck for a specific short-term contract or seasonal work
Not sure which is right for you?
We offer both financing and leasing options — and we’ll walk you through the numbers so you can choose the structure that makes the most sense for your business, tax situation, and long-term goals.
We work with established business owners who are ready to grow their fleet — not just fill out a form and hope for the best.
| Criteria | What We Look For |
|---|---|
| Time in Business | 2+ years preferred |
| Credit Score | 650 or higher |
| Bank Balance | $5,000+ average ending balance (last 3 months) |
| License | CDL or relevant to truck type |
| Equipment Info | Invoice, bill of sale, or online listing link |
Time in Business: 2+ years shows lenders you’ve weathered market changes and have a proven track record.
Credit Score: 650+ opens doors to lower interest rates, longer terms, and smaller down payments.
Bank Balance: $5K+ average ending balance gives confidence you can manage monthly payments and operating expenses.
License: A valid CDL (or relevant certification) ensures you can legally operate the boom truck.
Equipment Info: Providing the invoice or listing link speeds up underwriting and helps us confirm the truck’s value.
Pro Tip: Even if you don’t meet every single requirement, we may still have a program for you — especially if you can provide a larger down payment or have strong industry experience.
Even if your business has been operating for less than 2 years, you can still qualify for boom truck financing through our start-up friendly programs. These are designed for operators who have the skill, industry experience, and contracts — but not yet a long business credit history.
Industry Experience: At least 18+ months of relevant work (construction, utilities, signage, tree service, material handling, etc.)
Down Payment: 20% or more of the truck’s purchase price
Interest Rates: Typically 12%–20% depending on credit score, equipment age, and down payment size
Maximum Financing Amount: Based on your credit, time in industry, and monthly cash flow (often higher than bad-credit programs)
Owner-operators leaving a company job to start their own business
Contractors winning their first major project requiring a boom truck
Businesses wanting to build commercial credit history quickly
Pro Tip:
Approvals move faster when you can show steady income from signed contracts, W-2 work in the same industry, or recurring service agreements. Providing a clear business plan and job pipeline can also help secure better terms.
A credit score below 625 doesn’t automatically shut you out of boom truck financing — but lenders will expect stronger compensating factors to approve your deal.
Down Payment: At least 50% of the purchase price (larger down payments improve approval odds)
Interest Rates: Typically 15%–30% depending on your credit profile, truck condition, and cash reserves
Maximum Financing Amount: Around $45,000 for most programs
Truck Age: Newer units are generally easier to approve, but we can review older trucks in good condition
Experienced operators who’ve had past credit challenges but maintain steady work
Businesses with strong cash flow but a low credit score
Buyers looking to purchase a lower-priced boom truck without draining their cash reserves
Pro Tip:
The bigger your down payment, the more leverage we have to negotiate a lower interest rate — even in bad credit situations. If you can also show consistent income or signed contracts for upcoming work, you can further strengthen your approval chances.
At TruckLenders USA, we finance all major boom truck types — whether you’re buying new or used, from a dealer, private party, or auction.
Telescopic Boom Trucks – High-reach equipment ideal for heavy lifting and long-distance material placement.
Articulating Boom Trucks – Also called “knuckle boom” trucks; perfect for tight spaces and complex lifts.
Insulated Aerial Boom Trucks – Designed for electrical utility work, providing safety around high-voltage lines.
Material Handler Boom Trucks – Built for moving heavy loads quickly and efficiently on job sites.
Utility Service Boom Trucks – Versatile trucks for maintenance, signage, lighting, and service work.
New or used — truck condition and age considered in approval terms
Dealer inventory — fast approvals with an invoice upload
Private party sales — yes, as long as we can verify title and ownership
Auction purchases — online or in-person, just send us the auction link or winning bid slip
Pro Tip: If you’re buying a used boom truck, have the year, mileage, and condition details ready. Providing this upfront helps us move your file through underwriting faster — sometimes with same-day approvals.
In 2025, you may be able to write off up to $1,250,000 of your boom truck purchase in the first year — even if you finance it instead of paying cash.
Keep your cash flow strong – finance the truck and still get the full deduction
Take a large tax deduction now – reduce this year’s taxable income
Own or lease and still qualify – Section 179 applies to both loans and leases
| 2025 Deduction | What It Means |
|---|---|
| Section 179 limit | Up to $1,250,000 for qualifying equipment (including boom trucks) |
| Bonus depreciation | Additional 40% deduction on remaining cost basis (after Section 179) |
| Business use | Must be used more than 50% for business purposes |
| Financing eligible | Loans and leases both qualify for the deduction |
Let’s say you finance a $150,000 boom truck:
You can deduct the entire $150,000 this year under Section 179, even though you’re making monthly payments.
This could save you tens of thousands in taxes while still preserving your working capital for payroll, fuel, and growth.
Pro Tip: Many construction, utility, and service companies use Section 179 at year-end to upgrade or expand their fleet before the deadline. Acting before December 31 ensures your boom truck qualifies for this year’s tax deduction.
Q: What credit score do I need to finance a boom truck?
We recommend a credit score of 650 or higher to qualify for the most competitive rates and flexible terms.
If your score is slightly lower, we can often still help — especially if you have strong cash flow, a sizable down payment, or long-term industry experience.
For scores below 625, we also have bad-credit programs that may require a larger down payment.
Q: Can I finance a used boom truck?
Yes. We finance new and used boom trucks purchased from:
Licensed dealerships
Private sellers
Auctions (online or in-person)
We simply need to verify the truck’s details (year, make, model, condition, mileage) and confirm that the title can be transferred. Used trucks in good condition are often easier to approve and can help you secure a lower monthly payment.
Q: How long does boom truck financing take?
Our streamlined process means you can often get funded in as little as 1–3 business days after approval.
Typical timeline:
Submit your application and documents — we review within 24 hours.
Receive your approval terms.
Sign the paperwork electronically.
Funds are released to the seller, and you can take delivery of your truck.
Q: How much down payment will I need?
Strong borrowers (650+ credit, 2+ years in business, $5K+ monthly bank balance): as low as 0%–10% down
Start-ups: typically 20% or more
Bad credit programs: 50% down is common
The higher your down payment, the stronger your approval odds and the more favorable your rate.
Q: Can I finance multiple boom trucks at once?
Yes. If your business meets cash flow and credit requirements, we can structure financing for multiple units in one deal, whether for fleet expansion or replacing older trucks.
Q: What documents do I need to apply?
3 months of business bank statements
Driver’s license or CDL (if required for your truck type)
Invoice, bill of sale, or listing link for the boom truck
(For start-ups) Proof of relevant industry experience
Q: Can I lease instead of financing?
Absolutely. Leasing may be a better option if you want lower monthly payments, prefer to upgrade every few years, or need the boom truck for a specific contract period.
We’ll walk you through both leasing and financing options so you can choose the best fit.
Q: Do you work with all types of boom trucks?
Yes — including:
Telescopic boom trucks
Articulating boom trucks
Utility service boom trucks
Material handler boom trucks
Insulated aerial boom trucks
Whether you’re buying new or used, from a dealer, private seller, or auction, we can structure a deal that works.
Minimum Requirements:
650+ credit score
2+ years in business
$5,000+ monthly bank balance
