Cranes, telehandlers, boom lifts and scissor lifts put people and materials at height. Rental companies, contractors and industrial users finance them because they are high-utilization assets with active used markets.
Subject to credit approval and documentation.
An EFA is common for owner-operators. Rental fleets often use master agreements with multiple schedules so new units can be added quickly.
| Equipment finance agreement (EFA) | You own it from day one. Fixed payments; usually eligible for Section 179. |
|---|---|
| $1-buyout lease | Lease payments, then you buy it for $1. Treated much like an EFA for tax. |
| Fair-market-value (FMV) lease | Lower payments. Return, renew or buy at market value at the end. |
Time in business, business and owner credit, revenue, and the equipment’s details: make, model, year, serial number and condition. Requests above $1M also need financial statements.
Equipment bought with an EFA or $1-buyout lease and placed in service by December 31 may qualify for a first-year deduction. Estimate your tax savings.
Need cash for delivery, training, materials or the ramp-up? Add working capital to the same application.
Yes. Fleet purchases can be financed under one agreement with schedules for each delivery.
Yes, including the truck chassis. We record our lien on the title.
LenderCloud finances equipment from $10,000 to $10 million. Requests up to $1 million can usually be decided on the application alone; larger requests need financial statements. All financing is subject to credit approval.