Boom Pump Financing in Nationwide

Hydraulic Placing Boom Financing

Hydraulic Placing Boom

Program overview

Pricing basis:boom reach, hours, resale strength
Application-only:up to $500,000
Sellers:dealer, auction, or private party
Turnaround:same business day

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Common Questions on Hydraulic Placing Boom Financing

Straight answers before you send the equipment file.

Can I finance the hydraulic power pack separately from the boom if I already own the structure-mounting hardware?

If the hydraulic power unit is a separable and independently valuable asset, yes, it can be financed on its own, provided the amount clears the $50,000 minimum. More commonly the power pack and boom are financed together as a complete system. Tell us what you own and what you need and we will structure accordingly.

My placing boom is already installed on a building we are currently building. Can I pull equity out of it?

A sale-leaseback on an installed and operating boom is possible if the title is clean and the equipment is currently free and clear of liens. The equipment simply needs to be clearly recoverable at project end and titled to your business. This structure is more involved than a standard transaction but we have done it.

What credit score do I need to finance a hydraulic placing boom?

There is no hard floor. We have funded operators with scores in the 580s when the business financials were strong and the down payment was meaningful. Credit score is one data point in a file that includes revenue, equipment list, banking patterns, and the deal structure itself. If you have concerns about your credit, share the full picture upfront.

How long do hydraulic placing booms typically last, and does that affect the loan term?

Well-maintained hydraulic placing booms from major manufacturers have useful lives of 15 to 20 years. Loan terms typically run 48 to 84 months, well inside the asset life. Lenders are comfortable with this equipment class as long-term collateral because the resale market is real and the assets hold value at reasonable maintenance levels.

Do I need to put the placing boom in a separate legal entity from my other equipment?

Generally no, though some contractors with multiple projects running simultaneously use project-specific entities for asset organization. Financing can be titled to any active business entity with a clean EIN and operating history. Talk to your accountant about the entity strategy; we can work with whatever structure makes sense for your business.

Get Terms on Hydraulic Placing Boom Financing

Tell us what you are buying, who is selling it, and when you need it earning. We will review the file and point you to the next step.

Get Loan Terms →Call (214) 617-7150