Manitowoc

Mehmi Financial Group helps businesses finance and lease Manitowoc 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 Manitowoc units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.

About Manitowoc

The Manitowoc Company designs and builds cranes. According to its annual report, its product lines include mobile hydraulic cranes, lattice-boom crawler cranes, boom trucks and tower cranes under brands including Manitowoc, Grove, National Crane and Potain. Potain alone builds more than 60 types of tower cranes.

Manitowoc cranes on our list

The Manitowoc models on our eligible equipment list are mainly large lattice-boom crawler cranes, such as the 14000, 16000 and 18000, used on heavy construction, energy and industrial projects. Note that Manitowoc ice machines are a separate business: Welbilt sold its Manitowoc Ice business to Pentair in 2022. Restaurant ice machines are financed as food-service equipment, not cranes.

How lenders view Manitowoc crawler cranes

Large crawler cranes are among the most specialized assets lenders review. Expect questions on capacity and configuration, inspection and certification records, boom and rigging condition, transport and assembly costs, and the contracts or rental demand behind the crane. Only a small group of lenders handles large crawler cranes, so comparing options matters.

Documentation that helps

Complete crane logs, recent annual inspections and records of major component work make a used Manitowoc crane far easier to finance. Insurance and certified operators are typically confirmed before funding.

How Manitowoc equipment financing works

Most Manitowoc 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.

Manitowoc equipment we help finance

Financing Manitowoc 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.

Manitowoc cranes on our eligible equipment list include Manitowoc 14000 Crane, Manitowoc 16000 Crawler Crane, Manitowoc 18000 Crawler Crane and Manitowoc 21000 Crawler Crane.

What lenders check on a Manitowoc 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 Manitowoc models with financing pages

Tax treatment of Manitowoc 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 Manitowoc crawler crane?

Yes, through lenders comfortable with large cranes. They review inspections, configuration and the contracts or rental demand.

Are Manitowoc ice machines related to Manitowoc cranes?

No. Manitowoc Ice was sold by Welbilt to Pentair in 2022 and is a separate business. Ice machines are financed as restaurant equipment.

What documents do lenders need for a Manitowoc crane?

Crane logs, inspection and certification records, the bill of sale or quote, and your financials and contracts.

Can transport and assembly costs be financed?

Some lenders include them when they are part of the purchase. Others finance only the crane.

Can a crane rental company finance several Manitowoc units?

Yes. Lenders review utilization, rental contracts and fleet financials.

Do I need certified operators before funding?

Lenders typically confirm insurance and that certified operators will run the crane. Requirements vary by province and state.