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Industrial and Construction

Overhead Crane Financing

An overhead crane changes how a shop moves. Instead of juggling heavy weldments with a forklift or waiting for two people to wrestle a die into place, one operator can lift, travel, and set the load exactly where it belongs. That means safer handling, faster changeovers, and more usable floor space.

Cranes are also a construction project. Runways, support columns, electrical work, and inspections can cost as much as the crane itself. Financing lets you cover the full system at once, and MissionFund compares more than 60 lending sources to find one that understands installed equipment.

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Programs that fitEFAEquipment LoanSBA Loans

Overhead Cranes We Help You Finance

  • 01

    Bridge Cranes

    Bridge cranes span the width of a bay and travel along runways, covering the entire rectangular area underneath. Fabricators, steel service centers, machine shops, and precast plants rely on them for heavy, frequent lifts. Top running cranes ride on rails above the runway beams and handle the biggest capacities, while under running cranes hang from the beams and suit lighter loads in buildings with limited headroom. Before you buy, have an engineer confirm your building can support the loads or plan for freestanding columns. Used bridge cranes can work, but relocating and recertifying one adds cost.

  • 02

    Gantry Cranes

    Gantry cranes stand on their own legs and run on floor rails or wheels, so they don't rely on the building's structure. They're a strong fit for leased buildings, outdoor yards, rail spurs, and maintenance shops that need to lift engines or molds. Portable gantries with casters give smaller shops a flexible lifting point that can move where the work is. Compare span, lifting height, capacity, and whether you need powered travel. Portable units are often affordable enough to buy new with a warranty.

  • 03

    Jib Cranes

    Jib cranes mount to a column, wall, or freestanding mast and swing a boom through an arc. They're perfect for a single workstation, such as loading a lathe, feeding a press, or lifting parts onto a welding table. Their smaller footprint makes them a practical first step before investing in a full bridge system. Look at rotation range, boom length, capacity, and foundation requirements for floor mounted models, since many need a dedicated footing.

  • 04

    Hoists

    Hoists are the lifting heart of any crane. Electric chain hoists handle lighter, frequent lifts at workstations, while electric wire rope hoists deliver the speed and capacity heavy industry demands. Consider duty classification, lift speed, variable frequency drives for smooth positioning, and radio remote controls that keep operators clear of the load. Upgrading hoists on an existing crane is a smart way to boost capacity or safety without replacing the whole system.

Why Finance Overhead Cranes Instead of Paying Cash

Cranes often come with a long timeline and a large price tag, and paying cash can drain the reserves you need to operate during installation. Financing spreads the cost across the years the crane will serve you.

It also keeps your bank line available for materials and payroll while the new system comes online. Because a crane can free up forklifts and labor, the savings it produces can help cover your payments. Many equipment purchases may qualify for Section 179 deductions; check with your tax professional.

What Your Financing Can Include

Crane projects involve plenty of soft costs. Depending on the lender, your financing can include:

  • Engineering and load calculations
  • Runway beams, rails, and support columns
  • Foundations and footings for freestanding systems
  • Electrification, festoon systems, and conductor bars
  • Radio remotes, variable frequency drives, and anti collision devices
  • Installation, load testing, and initial inspection
  • Operator training

Programs That Work Well for Overhead Cranes

  • Program

    Equipment Loan

    A loan that usually carries the strongest incentives for paying off early, though the details depend on the lender, which helps if a big contract brings in extra cash.

  • Program

    SBA Loans

    Government backed loans up to $5MM when your crane is part of a larger building purchase or expansion.

New Business or Established, We Can Help

New fab shop? Equipment financing is available from day one for startups, and a jib crane or portable gantry is often one of the first lifting investments. Established plants can finance full bridge systems as they expand. Find more on our industrial and construction page, including welding and plasma cutting equipment that pairs well with a crane.

What You'll Need

Requests under $150K can often be approved on the application alone. For a full bridge crane system, financial statements can strengthen your request. At funding, many deals need only a driver's license and the invoice or project quote.

Frequently Asked Questions

Still have a question?

Talk to a real person. We're happy to walk you through your options.

Can I include installation and runway costs?

Depending on the lender, yes. Many lenders allow engineering, runways, electrical work, and installation when they appear on the crane supplier's quote.

I lease my building. Can I still finance a crane?

Often, yes. A freestanding or gantry system may be simpler because it doesn't attach to the building. Some lenders may ask for a landlord waiver for systems bolted to the structure.

Can I finance a used crane?

Some lenders will, especially when a reputable crane company removes, inspects, and reinstalls it. Expect the relocation and recertification to be part of the project.

Can I upgrade the hoist on my existing crane?

Yes. Hoist replacements, radio controls, and drive upgrades can be financed on their own, depending on the lender.

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