Grove

Mehmi Financial Group helps businesses finance and lease Grove equipment, including cranes, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used Grove units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.

About Grove cranes

Grove Manufacturing was started in 1947 by John Landis Grove, who with his brother Dwight Grove and Wayne Nicarry built farm wagons, according to Manitowoc. To lift the steel used in the wagons, John designed a rubber-tired crane, and Grove went on to produce the first mobile hydraulic industrial cranes. Grove is now one of The Manitowoc Company's crane brands, alongside Manitowoc, National Crane and Potain.

Grove cranes on our list

The Grove models on our eligible equipment list are mainly GMK all-terrain cranes, such as the GMK3060L and GMK4100L, along with other Grove mobile hydraulic cranes. All-terrain cranes combine road travel with off-road capability, which makes them popular with crane rental companies and contractors that move between job sites. Grove all-terrain cranes are used by fleets internationally, such as Crane Norway Group's purchase of nine GMK models.

How lenders view Grove all-terrain cranes

Mobile hydraulic cranes are specialized but widely used, and established models from a major brand tend to have a recognizable resale market. Lenders review lifting capacity, boom length, axle configuration, hours on the carrier and superstructure, inspection and certification records, and the contracts or rental demand behind the crane. For rental fleets, utilization history matters a great deal.

What helps on a used Grove crane

Complete crane logs, annual inspection reports and documentation of major component work make a used Grove much easier to finance. Counterweight and auxiliary equipment should be listed on the invoice if you want them included. Lenders typically confirm insurance and certified operators before funding.

Dealer programs and independent lenders

Manitowoc dealers may offer programs on new and used Grove cranes. Comparing them with banks and independent equipment lenders helps when buying used, at auction or as part of a rental fleet expansion.

How Grove equipment financing works

Most Grove purchases are financed with an equipment loan or a lease. A loan gives you ownership from day one, with the lender registering a security interest (PPSA in Canada, UCC in the USA). A lease keeps title with the lessor and can lower the monthly payment, with a buyout, renewal or return option at the end.

Grove equipment we help finance

Financing Grove cranes

Cranes are among the most specialized assets lenders review. Expect questions about crane type and capacity, inspection and certification records, boom and rigging condition, and the contracts or rental demand the crane supports. Insurance and operator certification are typically confirmed before funding. Because values depend heavily on condition and documentation, a recent inspection report can make a real difference to how a lender views the file.

Grove cranes on our eligible equipment list include Grove Cranes, Grove GMK3060L Crane, Grove GMK4100L Crane and Grove GMK5150L Crane.

What lenders check on a Grove crane

Lenders look at machine hours, service records, undercarriage or tire condition, and whether the unit is tied to contracts or a steady work program. Used machines with strong resale demand are usually easier to finance than specialized units.

Expect to provide a credit application, recent business bank statements, the dealer quote or bill of sale with serial number and hours, and financial statements or tax returns for larger amounts.

See the full list of eligible equipment, compare equipment financing options, or estimate payments with the equipment financing calculator.

All Grove models with financing pages

Tax treatment of Grove equipment

In Canada, power-operated movable equipment used to excavate, move, place or compact earth, rock, concrete or asphalt generally falls in CCA Class 38. Confirm the class for your exact asset with your accountant. With a loan, you generally claim capital cost allowance and deduct interest. With a true operating lease, lease payments are generally deductible instead. See the CRA classes of depreciable property. In the USA, Section 179 and bonus depreciation may apply; see IRS Publication 946. Always confirm with your accountant.

Can I finance a used Grove GMK all-terrain crane?

Yes, through lenders comfortable with cranes. They review capacity, hours, inspections and the work or rental demand.

Is Grove part of Manitowoc?

Yes. Grove is one of The Manitowoc Company's crane brands, along with Manitowoc, National Crane and Potain.

Can a crane rental company finance several Grove cranes?

Yes. Lenders review utilization, rental contracts and fleet financials and may structure several units together.

Can counterweights and extras be included?

Usually, if they are listed on the same invoice as the crane.

What records help when financing a Grove crane?

Crane logs, annual inspection reports, major component service records and proof of insurance.

Can I finance a Grove crane bought at auction?

Yes, with a bill of sale, a lien search and often an inspection. Arrange approval before bidding.