Cranes, hoists, and heavy lifting gear are essential for vertical construction, steelwork, and infrastructure development. But they also come with hefty price tags—tower cranes alone can cost upwards of $500,000 or more. That’s why exploring smart funding options for construction cranes and lifting equipment is key to keeping your project on track without compromising cash flow.
How do I finance construction cranes and lifting equipment?
You can finance cranes and lifting gear through equipment loans, leasing programs, SBA loans, or vendor financing with structured payment terms.
Whether you're buying a tower crane or leasing a mobile boom crane, these machines are major capital investments. Financing allows you to:
Conserve working capital for operations and payroll
Deploy equipment immediately for project deadlines
Match payment schedules to revenue cycles
Reduce risk with flexible leasing options
Leverage tax benefits like depreciation or lease deductions
Related: Equipment Financing 101: Everything You Need to Know
Most lenders and vendors support funding for:
Tower cranes
Mobile cranes (all-terrain, rough-terrain, truck-mounted)
Crawler cranes
Gantry and overhead cranes
Forklifts and telehandlers
Hoists, jacks, and lifting accessories
✅ You can also finance transport, installation, and rigging fees as part of the package.
Fixed rates and terms (24–84 months)
Full ownership after payoff
Ideal for long-term use and resale value
Often requires 10–20% down payment
Lower upfront costs
Options to return, upgrade, or buy at lease-end
Maintenance may be included
Good for temporary or project-based equipment needs
Low interest rates and long terms (10–25 years)
Can fund both equipment and installation
Best for companies with solid business history
Offered by crane dealers and OEMs like Manitowoc, Liebherr, Terex
Fast approvals and promotional offers
May include bundled services like warranties and delivery
Typically for new or certified-used equipment
| Equipment Type | Estimated Cost | Loan Term | Monthly Payment |
|---|---|---|---|
| Rough Terrain Crane | $180,000 | 72 months | ~$3,120/month |
| Tower Crane | $400,000 | 84 months | ~$5,950/month |
| Crawler Crane | $600,000 | 84 months | ~$8,920/month |
To qualify for crane or lifting equipment funding, you typically need:
Business license or incorporation docs
Equipment quote or dealer invoice
3–6 months of bank statements or recent tax returns
Credit score of 600+ (higher for low-rate programs)
Time in business (startups may need a cosigner or collateral)
Related: Financing Heavy-Duty Trucks and Construction Vehicles
Equipment loans for full ownership
Leasing for flexibility and lower startup costs
SBA loans for large, long-term needs
Vendor financing for speed and simplicity
From steel frames to wind turbines, lifting equipment is vital for today’s biggest construction jobs. The right funding solution can help you get the gear you need, when you need it—without stalling your growth.
Need to lift heavy without heavy upfront costs?
Explore funding plans now for cranes and lifting equipment—get fast approval and keep your project moving sky-high.