Boom Pump Financing in Nationwide

Equipment Rental Companies

Equipment Rental Companies

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 Equipment Rental Companies

Straight answers before you send the equipment file.

We rent the pump with an operator included. Does that affect the financing?

No. Whether you rent the equipment bare or with an operator is a business model decision that does not affect the financing. The loan is on the equipment asset, and how you deliver the rental service is up to you.

Can we finance a pump that will be used both for our own pours and rented out to other contractors?

Mixed-use situations, where the equipment is sometimes used for your own work and sometimes rented to others, are common. We discuss the primary use upfront and match the transaction to the appropriate lender program. Some programs are more flexible on mixed use than others.

We want to add two pump trucks at the same time. Can both be financed in a single transaction?

Yes. Multi-unit transactions can be structured as a single deal or as parallel transactions. The approach depends on the total amount and how you want the assets reflected on your books. We discuss both options before structuring anything.

How does the utilization expectation affect the financing terms for a rental pump?

Lenders generally do not dictate utilization requirements. The equipment is your asset to manage. High anticipated utilization is a positive in the business story, but the financing is not conditioned on hitting a specific rental rate target.

Can we get financing on a used boom pump that we plan to add to our rental fleet?

Yes. Used pump equipment is financeable for rental fleets. The asset needs to be in good operating condition with a verifiable service history. A rental fleet that maintains its equipment well adds value over time; one that does not devalues it quickly.

Get Terms on Equipment Rental Companies

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