The tables below show examples of how one company improved their cash position simply by refinancing a used all-terrain crane.
In the example above, the company refinanced an existing equipment loan on an all-terrain crane AND received $600,000 of working capital to fund business operations. Even with the additional working capital, they were able to lower their monthly equipment loan payment by 36%, saving $18,000 per month - that's $216,000 per year!
In the second example (above), the company didn't need working capital, but wanted to significantly decrease their monthly payments. They refinanced the existing crane loan and lowered their monthly payment by 48%, saving $30,000 per month.
Of course every situation is different, but our team of crane and rigging industry professionals can evaluate your equipment and your cash flow situation and determine the best loan structure for your business goals.
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