Crane Truck Financing

How Crane Truck Financing Works

Whether you’re buying from a dealer, private seller, or auction — our 4-step process is designed to move quickly and professionally.

Step 1: Quick Business Snapshot

Answer a few questions about your business goals — no credit pull, no commitment.

Step 2: Complete Your Profile

Provide your:

• Business details (EIN, time in operation, address)

• Owner info (SSN, % ownership, home address)

• Equipment info (type, price, seller)

Upload:

• 3 months of business bank statements

• Driver’s license or CDL

• Invoice, bill of sale, or equipment listing

Step 3: 24-Hour Review & Match

We evaluate:

• Time in business (2+ years preferred)

• Credit score (650+ ideal)

• Cash flow ($5,000+ ending balance)

Then we match you with a lender that fits your profile.

Step 4: Approve, Sign & Fund

Once approved, you’ll receive:

• Estimated interest rate

• Monthly payment range

• Term length and down payment details

Sign docs and get funded — often within 1 to 3 business days.

Pro Tip: Uploading full docs upfront helps skip the back-and-forth.

Crane Truck Financing Rates & Terms

What Affects Your Rate?

• Credit Score – A 650+ score usually gives you access to the best programs and lowest interest ranges.

• Time in Business – Companies with 2+ years of operating history are considered more stable and typically qualify for longer terms.

• Cash Flow – Lenders want to see at least $5,000 in average ending balance over the past 3 months. Stronger bank statements can offset weaker credit.

• Truck Type & Age – Newer crane trucks often qualify for longer repayment terms and lower rates, while older units may require a higher down payment.

Tip: The more complete your file (bank statements, invoice, ID), the faster we can get you an approval — often in as little as 24 hours.

Should You Finance or Use a Capital Lease for Your Crane Truck?

When acquiring a crane truck, most business owners weigh traditional financing against a capital lease. Both options let you put the equipment to work quickly, but the structure and long-term benefits are different.

Crane Truck Loan (Financing)

Best if you plan to own and keep the crane long-term

How It Works:
You borrow funds, make monthly payments, and own the truck once the loan is paid off.

Pros:

• You own the crane outright at the end

• Build equity from day one

• Lower total cost over time compared to leasing

• Full depreciation and Section 179 tax deductions available

Consider if:

• You want long-term ownership

• You plan to keep the truck 5+ years

• You want the flexibility to sell or trade the crane later

Crane Truck Capital Lease

Best if you want the tax and accounting benefits of a lease but still plan to own the truck

How It Works:
You lease the truck with fixed monthly payments. At the end of the term, you typically have the option (or obligation) to purchase it for a nominal amount (e.g., $1 buyout).

Pros:

• Treated like a lease for accounting purposes, but functions like financing

• Fixed monthly payments, often lower than a loan in the early years

• Potential tax benefits depending on how the lease is structured

• Allows you to preserve cash flow while still gaining eventual ownership

Consider if:

• You want the flexibility of lease treatment with the benefits of ownership

• You prefer lower initial costs

• You want structured payments that may align better with project-based revenue

Who Qualifies for Crane Truck Financing?

We work with business owners who have proven stability and cash flow. Here’s what lenders typically look for when approving a crane truck loan or lease:

If this sounds like you, you’re in a strong position to get approved quickly. Even if you’re just shy on one requirement, we may still have programs that fit your profile.

Start-Up Crane Truck Financing

Getting financing as a newer business can feel tough — but if you have the right experience and cash reserves, we have programs designed specifically for start-ups.

Minimum Requirements

• 18+ months of industry experience (construction, lifting, utility, or related work)

• Less than 2 years in business (LLC, corp, or sole prop)

• 20%+ down payment required

• 12%–20% interest rate range depending on credit & equipment

• Max loan amount based on your credit profile and recent cash flow

Best For

• Operators moving from subcontracting to owning their own crane

• Contractors landing their first big project requiring a crane truck

• New LLCs or sole props with steady income and contracts in hand

Pro Tip: Approvals move fastest when you can show proof of contracts or invoices that demonstrate steady work ahead. The stronger your paper trail, the more flexible your approval terms will be.

Crane Truck Financing with Bad Credit

A low credit score doesn’t automatically disqualify you from financing a crane truck. With the right down payment and supporting documents, you can still get approved.

Minimum Requirements

• Credit Score: Below 625

• Down Payment: At least 50% of the truck’s purchase price

• Interest Rates: Typically 15%–30% depending on the file strength

• Maximum Loan Amount: Up to $45,000

• Equipment Preference: Newer trucks or proof of strong work contracts

Best For

• Operators with past credit challenges but steady income

• Buyers who can show contracts or invoices for upcoming work

• Businesses or owner-operators purchasing lower-priced equipment

Pro Tip: The bigger the down payment, the stronger your file looks to lenders. In many cases, a higher down payment can help you qualify at the lower end of the interest rate range.

Tax Write-Offs for Crane Truck Purchases

One of the biggest advantages of financing a crane truck is the ability to write it off on your taxes — even if you haven’t paid it off yet. Thanks to Section 179, 2025 is a great year to upgrade your fleet.

Deduction Breakdown

Example:

Finance a $120,000 crane truck in 2025, and you may be able to deduct the entire $120K this tax year — even though you’ll be paying it off monthly.

Why This Strategy is Smart

• Preserve your cash flow — no need to tie up $120K in cash

• Write off the full truck cost in the same year

• Pay for it over time with manageable monthly payments

Pro Tip: Many contractors use Section 179 to upgrade equipment before year-end. Acting before December 31st ensures you can claim the deduction for the current tax year.

Crane Truck Financing FAQs

Q: Can I finance a crane truck with bad credit?
Yes — but expect to put at least 50% down and keep the loan under $45,000. Strong contracts or steady cash flow can improve your chances.

Q: How long does approval take?
Most approvals happen within 24 hours once your documents are complete. Funding can follow in as little as 1–3 business days.

Q: What documents do I need to apply?
To get started, you’ll need:

• 3 months of business bank statements

• Your driver’s license or CDL

• The invoice, bill of sale, or link to the crane truck you want to purchase

Tip: Uploading everything upfront often speeds up review and can mean same-day approval.

Q: Can I buy from a private seller or auction?
Yes — we finance crane trucks from dealers, private sellers, and auctions. As long as we can verify the truck and seller details, we can structure the deal.