JLG 1350SJP Boom Lift Financing

The 1350SJP sits at the top of JLG's straight-boom line. Platform height is 135 feet, working height stretches to 141 feet, and the super jib with platform rotator adds articulated reach above the primary boom at that elevation. This is a machine for jobs where 120 or 125 feet simply does not get the crew where they need to be: the upper floors of a high-rise under construction, a tall bridge pier, a refinery stack, a stadium canopy. The machine weighs substantially more than the 1200SJP and requires an oversized transport permit in most states.

Used 1350SJP units are relatively scarce compared to the mid-range telescopic boom market. When they come up for sale, prices reflect both the capability and the limited supply. Deals in this range often exceed our pure short-doc limit of around $400,000, which means the documentation package may be fuller: tax returns, financial statements, and bank statements together rather than statements alone. That is not unusual for a transaction of this size. We process it quickly and we tell you exactly what we need upfront.

Below the $400,000 mark on a used 1350SJP, the short-doc process applies. Three months of statements and the one-page app gets the ball moving. For buyers who prefer a lease structure for a large machine like this, a TRAC lease can work well: the payment is structured around the machine's expected residual at the end of the term, which lowers the monthly obligation compared to a full amortization loan.

High-rise specialty access contractors are the primary private buyers. These are firms with consistent work above ten to twelve stories where renting a machine at $18,000 to $25,000 per month makes ownership economics obvious after two or three months of sustained use. The machine does not need to be in constant use to pay for itself; it needs enough sustained project demand to justify the capital tied up in it.

Industrial maintenance firms working tall process vessels, boiler stacks, and refinery infrastructure are a second buyer category. A refinery stack that needs annual inspection at 130 feet creates a predictable demand cycle. If the work comes around reliably, owning the machine and billing its cost into the contract makes more sense than renting at peak market rates each time.

Telecom and tower crews handling antenna work on tall structures use machines in this reach class when tower cranes and rope access are not practical. The 1350SJP self-propels to position, which reduces setup cost compared to a crane mobilization. Oil, gas, and refinery contractors run these machines on plant turnarounds where the access geometry requires reach that shorter booms cannot provide.

A deal above $400,000 on new or very low-hour iron requires more than bank statements. We typically ask for two years of business tax returns and a current financial statement. Processing time is a bit longer at this documentation level, but not dramatically so. If you have your financials organized, we can still close in two to four weeks on most large-iron deals.

Down payment expectations at this ticket size generally run 15 to 25 percent depending on credit tier and machine age. A strong credit profile with two clean years of tax returns and solid monthly bank deposits can come in at the lower end. B and C credit at a high ticket number typically requires a stronger down payment to get the monthly cost into a manageable range.

Term lengths on large-iron typically run 60 to 84 months. A 72-month term on a $300,000 financed amount spreads the payment out enough that most production contractors can service it off two to three months of project billing. We model the payment for you before you commit so there are no surprises at signing. A Section 179 deduction or bonus depreciation in the purchase year may meaningfully offset first-year cost for buyers who put the machine in service before year-end; confirm with your tax advisor.

A paid-off or equity-rich 1350SJP represents meaningful capital sitting in steel. A sale-leaseback converts that equity to working capital without disrupting the machine's deployment. You sell us the machine, we lease it back to you, and the cash difference goes to the business. The monthly leaseback payment replaces the equity that was locked in the asset.

A cash-out equipment refinance achieves a similar result if the machine carries a remaining loan balance. We refinance the full amount, pay off the existing lender, and advance additional cash based on the machine's current market value above the payoff. If the 1350SJP you financed three years ago is now worth more than you owe, a cash-out refi unlocks the difference.

Both structures work the same way for operational continuity: the machine stays on the job site, keeps earning, and the only change is who holds the paper and what the monthly payment looks like.

The JLG 1200SJP reaches 125 feet of platform height and covers most jobs that come within five to ten feet of the 1350SJP's range. For buyers who do not regularly need the full 135 feet, the 1200SJP often provides the right balance of capability and cost. We fund both models on the same terms; the choice is about machine need, not financing availability.

For jobs that top out around 100 feet, the 100-foot class telescopic booms are a step down in price and weight with meaningful transport and mobilization savings. The 1350SJP's main competition is the Genie SX-180, which carries more height but a higher price and even larger footprint. We fund Genie models as well if the comparison takes you there.

Start with the one-page app and three months of statements. We tell you immediately what additional documentation the deal requires. B and C credit welcome. Large-iron deals typically close in two to four weeks.