
60 ft Boom Lift Financing





Straight answers before you send the equipment file.
The 60-foot class is a reasonable starting point for a rental operation because demand for the units is consistent and the used machines are available at accessible price points. A startup with two or three used 60-foot booms in good condition can build a rental base before adding higher height classes. The financing structure for that kind of startup may require a larger down payment. Call us with the specifics and we'll tell you what the deal looks like.
Hours are a factor in how we assess value, which affects the loan amount we can offer. A machine with 5,000 hours carries a lower market value than the same model with 2,000 hours, and the loan-to-value is set accordingly. High-hour machines can still be financed; the advance amount is just based on current market value rather than original cost.
Yes, though newer entities typically require more down payment or may need a personal guarantee. Two or more years of business history makes the deal cleaner. Under two years, we look at the owner's personal credit profile alongside the business revenue and assess from there.
Run the numbers. If both projects last more than two to three months and you'll have ongoing demand after they're done, financing two units is usually cheaper by the third month of operation. If one project is short-term, renting the second while financing the first is often the right call. We can help you model both scenarios.
Not significantly. Both are well-established machine types with active used markets and predictable residual values. The specific unit's condition, hours, and purchase price matter more to the terms than which boom configuration it is.
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.