Crane Finance

Finance your Crane

Whether you're lifting steel on a high-rise build or managing heavy loads across a busy civil engineering site, having the right crane for the job is imperative.

With so many types and configurations available, including mobile and crawler cranes, as well as tower and rough terrain models, identifying the right model can be difficult.

That's where our dedicated construction finance team can help you with your finance agreement, whether that's hire purchase, finance lease or an asset refinance agreement.

Whether you're adding to your existing fleet or purchasing your first crane, we'll help you find a funding solution that keeps your projects moving and your cash flow intact.

We can also arrange finance for other construction equipment including excavators and dump trucks.

What is Crane Finance? 

Cranes are one of the most significant investments that a construction business can make. Whether you operate tower cranes on high-rise developments, mobile cranes across multiple sites, or a specialist crane fleet for infrastructure projects, acquiring this equipment outright places considerable pressure on your finances. 

UK Business Finance can arrange finance for the purchase of a new or used crane, covering a range of crane types and configurations. We can also structure a refinance agreement against equipment your business already owns, giving you access to capital without having to sell the asset. 

Your business can choose the arrangement that best fits its financial position and operational requirements, ensuring the finance agreement is sustainable throughout. 

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With full market access and absolutely no ties to any lender, we can objectively match you with the most effective and cost-efficient source of business finance. Contact our team today!

Benefits of Crane Finance 

Protecting your cash reserves: Cranes represent a large single asset purchase in the construction industry. Financing this cost rather than paying for it in full upfront means your business retains access to working capital for materials, labour, and the ongoing costs of running a project. A structured repayment plan gives you the asset you need without draining the funds your operations depend on. 

Unlocking capital through refinancing: If your business owns cranes or other heavy plant outright, asset refinance allows you to release a percentage of that value as a lump sum. The asset is transferred to the funder and leased back, so you keep full use of it throughout the agreement. Once all repayments have been completed, ownership returns to your business. This approach can be useful when you need to free up capital for a new contract, cover unexpected project costs, or invest in growth. 

Predictable monthly commitments: Crane finance agreements are built around fixed repayment schedules, which means you know what you owe and when. This makes it straightforward to incorporate into your monthly outgoings and forward planning. For construction businesses managing multiple contracts simultaneously, this level of financial visibility is particularly valuable. 

Investing in higher-specification equipment: Finance provides a practical route to acquiring cranes that might otherwise be out of reach at the point of purchase. Access to newer, higher-capacity, or more technically advanced equipment can improve the quality and scale of work your business is able to take on, without requiring a significant amount of capital to be committed at the outset. 

Terms built around your business: Repayment structures can be adjusted to reflect your business's financial profile. This ensures that your business can arrive at an arrangement that is sustainable and suited to your income patterns. This flexibility allows construction businesses of different sizes to access crane finance on terms that work for them.  

How we helped a crane hire business

A Yorkshire-based crane hire company contacted UK Business Finance to arrange funding for a new crane to replace an ageing model within their fleet.

The client required a hire purchase solution that would allow them to acquire a crane with a greater lifting capacity, without placing unnecessary strain on day-to-day cash flow or working capital.

A key challenge was that the crane was being supplied by a manufacturer based in mainland Europe, which limited the number of funders able to support the deal. Drawing on our extensive panel of lender relationships, we were able to identify a funder comfortable with the cross-border transaction, who purchased the Euros on the client's behalf and paid the supplier directly upon the asset arriving in the UK.

We were able to arrange £680,000 in funding for the client on a hire purchase basis over a 60-month term.

The client was delighted with the outcome, with the new crane allowing them to expand their hire fleet with a more technologically advanced and reliable model, improving the range of equipment available to their customers.

Apply for Dump Truck Finance 

As a commercial finance broker, UK Business Finance has built strong relationships across a wide network of lenders, enabling us to pinpoint a finance solution that is suited to the demands of your business. 

Here is how we can help: 

• Generate a free quote in 60 seconds 
• Benefit from our diverse lender panel to identify the most competitive funding available 
• Our team takes full ownership of the application, dealing directly with lenders 
• A highly skilled team with proven expertise in finance, focused on securing the right outcome for you 

For more information on dump truck finance, please contact our specialist finance team.

Secure your financial future - get a free quote today!

Our team of finance experts can provide industry-leading advice on finance options to suit a range of different scenarios. Call the team on 0808 301 0624 or Contact Us