Purchasing a boom truck can be a hefty investment for any business, especially for startups that need reliable equipment but face significant initial financial constraints. Don't let high upfront costs hold you back from growth and success. Equipment financing is a proven solution to overcome financial hurdles and afford equipment sooner.
In this article, Beacon Funding answers the four common questions businesses have about boom truck financing. Learn how Beacon Funding helps young businesses get the boom truck they need with flexible financing options. Ready to see how fast and easy it is to grow your business?
In this article…
- Can I Get Approved for Boom Truck Financing as a Young Business?
- Why Choose Beacon Funding for Boom Truck Financing?
- How Do You Apply for Boom Truck Financing?
- What Boom Truck Financing Options are Available?
- Supporting Startup Businesses
4 Answers to Common Boom Truck Financing Questions
1. Can I Get Approved for Boom Truck Financing as a Young Business?
Yes, Beacon Funding understands the importance of your boom truck and the value it brings to your young business. Unlike traditional lenders that approve only 30% of applicants, Beacon Funding approves 70%. This means 7 out of 10 businesses that apply to Beacon Funding get the equipment they need to succeed -- and yes, even startup businesses!
With thousands of satisfied customers and over $1 billion worth of equipment financed, you can trust our experts to help you scale your business by acquiring your next boom truck. Our wide credit window helps startups get funded quickly and build business credit along the way.
2. Why Choose Beacon Funding for Boom Truck Financing?
At Beacon Funding, we use your business experience to secure the financing you need. Our success is tied to yours, and we prioritize helping you thrive. Every client is paired with a dedicated financing consultant who will support you throughout the entire process as well as moving forward in your business journey.
Financing Leaders in the Boom Truck Industry Since 1990
Beacon Funding has been a trusted partner for businesses seeking boom truck financing for over 30 years. Each year, Beacon Funding finances thousands of equipment transactions, leveraging extensive knowledge in the field to help small and medium-sized businesses across the United States.
Reputation and Client Support
Our strong reputation is reflected in our long-standing accreditation with the Better Business Bureau and positive reputation on Google. We believe in building lasting relationships with our clients, offering ongoing support and resources like an equipment financing calculator to help you make informed decisions.
3. How Do You Apply for Boom Truck Financing?
Our dedicated consultants work closely with you to navigate the financing process effectively and efficiently. We pride ourselves on a fast turnaround time—often delivering same-day credit decisions and completing the entire financing process within 2-3 business days.
With a quick, one-page application available online, through our mobile app, via email, or even over the phone, applying for financing has never been easier.
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4. What Boom Truck Financing Options are Available?
Beacon Funding offers a range of flexible financing options tailored to meet the needs of diverse industries. These include lease-to-own agreements, sale-leaseback solutions, and equipment financing agreements.
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Our popular lease-to-own options have the most affordable monthly payments and allow your business to acquire boom trucks with minimal upfront costs, generating revenue while balancing monthly payments, and maintaining liquidity.
Creative Financing Programs for Boom Trucks
Additionally, Beacon Funding provides various creative financing programs such as 100% financing, skip payments and step programs, designed to accommodate seasonal fluctuations and business growth phases.
Supporting Startup Businesses
Understanding the importance of business credit, Beacon Funding also offers financing to startups, helping new businesses establish their credit profile and grow successfully.
We evaluate a range of factors, including personal and business credit history, the asset you want to finance, time in business, and financial reporting, to provide the best possible financing solutions.
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