Close Brothers & Concrete Pump Finance
Concrete pumps - particularly truck-mounted boom pumps - are specialist, high-value assets with established resale markets. Close Brothers Asset Finance is one of the few independent lenders with the appetite and experience to properly underwrite these assets, from a used static trailer pump at £30,000 to a new 65m Putzmeister boom pump at £800,000+.
Static Trailer Pump
Putzmeister, Schwing, Cifa £20,000 – £120,000
Truck-Mounted Boom Pump
Putzmeister M52/M58/M65, Schwing £200,000 – £800,000+
Line Pump (truck/trailer)
Putzmeister, Brinkmann, Alliance £30,000 – £100,000
Close Brothers' underwriters understand pump output capacity, boom reach, chassis condition, and how these factors interact with asset residual values - a level of granularity that general equipment lenders often lack. For concrete pump hire companies operating Putzmeister or Schwing fleets, Close Brothers is typically among the first lenders we approach.
October 2026 Rate Indicatives
| Asset Type | Finance Type | Indicative Rate | Term | Asset Value Range |
|---|---|---|---|---|
| Truck-mounted boom pump (new) | Hire Purchase | 4.5% – 7% | 3–7 yrs | £200k – £800k+ |
| Truck-mounted boom pump (used, <5 yrs) | Hire Purchase | 5.5% – 9% | 3–5 yrs | £100k – £500k |
| Static trailer pump (new) | Hire Purchase | 5% – 8.5% | 2–5 yrs | £20k – £120k |
| Static trailer pump (used) | Hire Purchase | 7% – 12% | 2–4 yrs | £15k – £80k |
| Boom pump - Finance Lease | Finance Lease | 5% – 9% | 3–7 yrs | £100k+ |
| Line pump (truck/trailer) | Hire Purchase | 5.5% – 10% | 2–5 yrs | £30k – £100k |
Rates are indicative as of October 2026. Truck-mounted pump applications above £300,000 are assessed by Close Brothers' senior underwriting team and may require audited accounts.
Strengths & Limitations
Strengths
- Genuine appetite for high-value truck-mounted boom pumps
- No practical upper limit - £5m+ considered case-by-case
- Experienced underwriters familiar with concrete pump asset values
- Both HP and Finance Lease available
- Established relationship with concrete pump hire sector
- New and used equipment - Putzmeister, Schwing, Cifa
Limitations
- High-value applications (>£300k) require strong accounts
- Sole traders and new businesses face stricter scrutiny
- Credit decision can take 48–72 hours for complex cases
- Minimum £10,000 - very small static pumps may not qualify