150 ft Boom Lift Financing
Financing Program
- Priced on the asset — platform height, hours, resale strength
- Application-only up to $500,000
- New, used, dealer, auction, or private party
- Numbers back the same business day
The Program
At 150 feet, you are not talking about general commercial construction anymore. This height class exists for bridge inspection on tall river crossings, stack maintenance on large power plants, access work on tall industrial vessels, and large-venue construction on stadiums and convention centers where the upper structure sits above 130 feet. The machines here are JLG and Genie units in the SJ and SX product lines, with machine weights that run 60,000 to 65,000 pounds and horizontal reach in the 80-foot range. Used machines in good condition trade above $350,000 and can approach $600,000 for late-model low-hour units. New machines are above $500,000.
We finance 150-foot class booms through structured deals that account for the larger transaction size. Short-doc works for some deals depending on total amount and strength of the application. Financial statements are required for deals above our short-doc ceiling, typically around $400,000. B and C credit is considered. We know these machines, we know the markets they work in, and we do not need a bank credit committee that has never seen a boom lift to sign off on your deal.
Industrial maintenance contractors who work power generation and petrochemical infrastructure. A coal or gas-fired power plant has stack structures, boiler frames, and cooling tower components above 130 feet, and maintenance access for those structures during planned outages requires equipment at this height class. Companies that have established maintenance contracts with utilities and large industrial facilities are the core buyers here.
Bridge inspection and rehabilitation contractors. Long-span highway bridges, river crossings, and tall viaducts have deck-to-ground clearances that exceed 120 feet at the midspan. Bridge painting contractors holding multi-structure state contracts also use this height class for coating work on tall spans. State DOT and toll authority bridge inspection programs require access to all structural elements, including the underside of the deck, on scheduled cycles. Contractors with multiple bridge inspection contracts in a state or region justify owning a 150-foot boom because the rental market for this height class is genuinely thin.
Equipment rental companies that serve large industrial and construction accounts maintain machines in this height class for customers who cannot find them elsewhere. A specialty rental company with a 150-foot boom is often the only game in town for a region's industrial turnaround work, and that scarcity creates a favorable utilization picture for the unit. A machine renting at $10,000 to $15,000 per month with 50 to 60 percent annual utilization is strong collateral in any underwriter's view.
Machine logistics dominate when you own a 150-foot boom. Transport is a multi-permit, multi-vehicle operation in most states. A 60,000-plus-pound machine on a permit-weight lowboy requires overweight permits, often a pilot car in front and sometimes a second behind, and routing approval from each jurisdiction the machine passes through. A move from your yard to a job site 200 miles away is a full day of transport logistics and may require an overnight stop depending on daylight rules for oversized loads in the relevant states.
Mobilization cost for a 150-foot boom on a single job can run $3,000 to $8,000 or more depending on distance and permit costs. This is a real number that belongs in every job bid, and it is part of why contractors who work this height class regularly prefer ownership: the transport infrastructure is set up, the permits are familiar, and the cost is built into the operational model rather than being a per-job surprise.
On site, the machine needs a properly prepared, compacted base or matting. Setup time is longer than mid-class booms. Two-person operation for positioning and setup is the right crew configuration for machines at this weight. The machine is capable and reliable when properly maintained, but it demands respect for the setup procedures that make it safe to operate at 150 feet of platform height.
Most 150-foot boom transactions exceed our $400,000 short-doc ceiling, so full financial documentation is standard. That means the most recent two years of business tax returns and a current profit-and-loss or balance sheet. Depending on the lender and deal size, we may also ask for a business debt schedule showing existing equipment or other loans. This is a thorough underwrite, not a rubber stamp, but it is not an onerous process if your business is established and your financials reflect the revenue base to support the payment.
Term lengths for these transactions typically run 48 to 72 months. The right term depends on the use case. A rental company financing a 150-foot boom that will generate $10,000-plus per month in rental revenue may prefer a longer term to keep the payment well below the machine's earning rate. An industrial contractor who uses the machine on a defined number of jobs per year may prefer a shorter term to build equity and reduce interest cost over the life of the deal.
Sale-leaseback on a 150-foot boom that is paid off or nearly paid off is a viable structure for raising capital. These machines hold value because used supply is limited and the work that requires them does not go away. A 150-foot boom with 5,000 hours in good service condition may still appraise at a value that supports a meaningful leaseback payout. Reach out and we will get a value estimate on your machine as a first step.
Refinancing an existing 150-foot boom loan is also available. If the rate you got two years ago does not reflect current market or your credit has improved, we run the math on what a refinance saves you over the remaining term. For contractors building a multi-unit fleet, a equipment line of credit can cover multiple machines without a separate closing on each. See also the boom lift refinancing page to understand the mechanics and contact us for a specific quote.
Large-iron deals are what we do. Tell us the machine, the price, and your business situation. We will tell you which documentation path the deal takes and come back with a structure quickly. Deals at this size take a few more days than a $100,000 boom, but they do not take weeks. Apply or call us directly and we'll take it from there.
Common Questions
Can I finance a 150-foot boom for a company with a recent bankruptcy discharge?
A bankruptcy discharge two or more years old is something we work around in some cases. The strength of the business post-discharge matters: consistent bank statement cash flow, a clean record since the discharge, and meaningful time in business since that date all help. A bankruptcy from 18 months ago is harder. Apply and let us look at the full picture before you assume the answer.
We want to buy a 150-foot boom for industrial rental. Does the lender care that it is a rental company?
Lenders view specialty rental companies owning 150-foot machines favorably when the underwrite supports it. The rental revenue model creates consistent, documentable cash flow that aligns well with a monthly loan or lease payment. Industry experience matters: a company with a track record in specialty access equipment rental is viewed differently than a startup rental company. Present your utilization history and current contracts if you have them.
Is there a maximum machine age for a 150-foot boom to be financeable?
Most lenders have a maximum machine age at the time of financing, commonly 10 to 15 years for large equipment. A 150-foot boom from 2010 or later in good condition is typically within the financing window. Older machines can sometimes be financed through specialty lenders at higher rates or with larger down payments. Ask us about the specific machine you are considering.
How do I know what my 150-foot boom is worth for a sale-leaseback?
We pull current market data based on the make, model, year, and hours of your machine. Comparable sales at auction and through dealers give us a realistic value range. We do not use book value alone because the market for 150-foot booms is thin enough that recent comparable transactions are more reliable. Once we have the value estimate, we tell you the leaseback amount we can support.
What insurance do I need to finance a 150-foot boom?
You need a commercial equipment floater or inland marine policy covering the machine at full replacement or agreed value, with the lender listed as loss payee. General liability coverage at the level required by your work contracts is also standard. The lender will require proof of insurance before funding. Make sure your broker knows the machine is financed and needs to be listed correctly before closing day.