Boom Pump Financing in Nationwide

Stationary Placing Boom Financing

Stationary 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 Stationary Placing Boom Financing

Straight answers before you send the equipment file.

Can I finance a stationary placing boom for a single project and then return it?

That is a lease structure, not a loan. We offer equipment leases with fair market value buyout options that let you return the boom at the end of the term if you do not have a use for it on future projects. If the project runs 18 months, a 24-month lease gives you coverage plus a short cushion. Call us and we will price both options.

How much does a used stationary placing boom depreciate compared to a new one?

Like any major piece of concrete equipment, the first few years of useful life carry the steepest depreciation. A three-year-old unit from a major manufacturer in good condition typically trades for 60 to 75 percent of its new price. Beyond that, depreciation flattens for well-maintained units. Lenders use current market values when sizing used loans, so the loan amount on a used machine reflects realistic collateral, not optimistic asking price.

Can a startup concrete pumping business finance a stationary placing boom?

Early-stage businesses can qualify. The owner's personal credit, any existing equipment or assets, and a credible project contract all help build the case. New-business financing typically requires a larger down payment and personal guarantee, but it is available. See our new-business startup financing page for specifics.

What if the placing boom is damaged on the job? Does the loan continue?

The loan obligation continues regardless of the equipment's condition. That is why lenders require you to maintain property and casualty insurance on financed equipment with the lender named as additional insured. If the boom is damaged or destroyed, the insurance pays off the loan (or a portion of it), and you recover without a catastrophic financial loss. Do not let that coverage lapse.

Get Terms on Stationary 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