Aerial Lift Refinancing

Aerial work platforms earn revenue by the day, and operators who own rather than rent hold equity that grows with every payment made. A single boom lift or a scissor lift fleet with paid-down notes represents capital that can be moved. The cash-out refinance on aerial lifts is the mechanism, and we handle it from $50,000 up, which covers individual platform refinancing or small fleet transactions.

Whether you own articulating boom lifts, straight-stick boom lifts, scissor lifts, or a mix, the refinancing process is straightforward. Tell us what you have, what you owe, and what you need the money for. We come back with a real number and a clear structure. Funding is typically in hand within two weeks.

The aerial lift market spans multiple industries and the refinancing need shows up across all of them.

• Equipment rental companies with fleets of scissor lifts and boom lifts are the largest category. Rental fleets generate consistent rental revenue, which makes cash flow statements look strong to lenders. Rental operators in growth markets refinance paid-off units to fund fleet expansion without bank lines.
• Commercial painting and finishing contractors who own lifts for interior and exterior work. These operators run a handful of machines and often hold them for five to ten years. Long hold periods create significant equity relative to residual value.
• Window cleaning and facade maintenance companies in urban markets who own large-platform boom lifts for high-rise work. These niche operators typically have strong contracts and machines with meaningful equity.
• General contractors and sub-trades on large commercial and industrial projects who purchased lifts for specific jobs and retained them. Post-project, the machine generates rental income or supports other bids while carrying equity the contractor has not accessed.

Active construction markets in Miami, Chicago, and Seattle keep aerial lift utilization high, supporting the resale values that make refinancing viable.

Both platform types refinance well, but they appraise differently and attract different advance rates due to their resale market characteristics.

Scissor lifts are commodity machines in the equipment rental market. A Genie GS or JLG 3246 scissor lift has deep resale demand and lenders know the book value with precision. Advance rates on clean, working-condition scissor lifts are generally strong. The limiting factor on scissor lift refinancing is often the per-unit value: small electric units may not support the $50,000 minimum individually, requiring a fleet bundle.

Boom lifts, particularly articulating booms in the 60-foot to 135-foot range, carry significantly higher per-unit values and refinance more easily on a standalone basis. A well-maintained Genie Z-60/37 or JLG 600S in good condition can support a transaction costing on the order of $35k to $75k per unit, and a fleet of four or five such machines easily meets the minimum.

For both types, the key condition factors are: platform tilt function, drive function and four-wheel drive engagement if equipped, boom or scissor hydraulic operation without abnormal leaks, outrigger or leveling function, and current annual inspection status under ANSI A92 standards.

Many operators bundle their lifts with a telehandler or other material-handling equipment in a single fleet refinance transaction.

Aerial lift refinancing uses the same documentation framework as other equipment finance. Most transactions fall within the application-only financing range, meaning the application and three months of bank statements drive the decision without tax returns.

What to prepare:

• Equipment list: year, make, model, and serial number for each unit
• Current hours or cycle count
• Existing payoff or lien information per unit
• 3 months of business bank statements
• Annual inspection status (ANSI A92 current or lapsed)

Credit requirements are flexible. We look at B and C credit on aerial lift refinancing. The B/C credit track evaluates machine value, time in business, and revenue consistency alongside the credit score. A rental company with steady monthly revenue and a few equipment loans that got stretched during a slow cycle is a good candidate even if the credit profile is not perfect.

Aerial lift deals costing on the order of $50k to $200k move quickly, often faster than larger construction equipment because the machines are commodity items with well-established book values. A four-unit scissor lift fleet with current inspections, clear serial numbers, and a clean lien history can close in seven to ten business days from a complete submission.

Larger fleet transactions require more coordination but still target the two-week window. The preparation that shortens the process the most:

• Know every serial number before you apply (pull them from the ANSI inspection stickers or the manufacturer's plate on each machine)
• Have current or recent annual inspection certificates for each unit
• Have one consolidated payoff statement if multiple units carry the same lender's lien

The faster you move the package, the faster we move the capital. Aerial lift deals do not drag unless the documentation is incomplete.

List out your platform fleet, let us know what you owe on each unit, and tell us how much capital you are looking to move. We build the structure around your specific machines and your specific number. Short application, three months of bank statements, real advance amount in return. Funding in about two weeks. Get started today.

These are the underwriting points the desk uses to turn the taxonomy page content into a real cash-out structure.