Field Notes | Crane Industry Trends, Equipment Financing Insights & Market Analysis

Harry Fry Field Notes

A behind-the-scenes look at the insights, stories, and lessons learned from decades of financing in the heavy equipment and construction world. From industry trends to customer success stories, this blog captures the heart of our family-owned business and the values that have guided us for over 30 years.

Q1 2026 Recap

Q1 2026 brought weather disruptions, rising fuel costs, tariff uncertainty, and a persistent labor shortage to the crane and heavy equipment industry. Even so, HFA funded approximately $13 million in transactions, Harry W. Fry Jr. was sworn in as President of SC&RA, and customer sentiment remained cautiously optimistic heading into the rest of the year.

Beyond the Loan: How the Right Crane Financing Partner Supports Your Business Long After Closing

A crane financing relationship shouldn't end at closing. Here's what to expect from a true equipment financing partner over the life of your fleet.

Why a Crane Financing Broker Beats Shopping Lenders Yourself

Shopping a crane loan to multiple banks costs more time and money than most operators realize. Here's how a specialty equipment finance broker changes the equation.

Boutique Crane Financing vs Big Banks and Captives: What the Difference Actually Means for Your Business

Comparing crane financing options? Here's how specialty lenders, big banks, and manufacturer captives actually differ, and when each one makes sense for your business.

A Seat at the Table: Harry Fry Takes the SC&RA Gavel for 2026-2027

Harry Fry, founder of Harry Fry & Associates, takes the SC&RA presidency for 2026-2027 during the Association's Annual Conference in Amelia Island. In this interview originally published in American Cranes & Transport (ACT), Harry reflects on his path from South Jersey, his early years in equipment finance at GMAC and Mercedes-Benz, building the family business alongside Cheryl and Tonya, and the mentors who pointed him toward SC&RA three decades ago.

Financing Your First Crane: A Guide for Owner-Operators and New Businesses

Financing your first crane is a major milestone. Here is what lenders look for in new businesses, how to structure the deal, what to expect on down payments and terms, and how to position yourself for approval.

The Used Crane Buying Checklist: How to Evaluate Equipment Before You Purchase

Buying a used crane can save significant money, but only if you know what to look for. Here is a practical checklist covering inspections, serial verification, service records, and what red flags to watch for before you commit.

Section 179 and Tax Depreciation: What Crane and Heavy Equipment Buyers Need to Know

Section 179 and bonus depreciation can significantly reduce the cost of your next crane or heavy equipment purchase. Here is how these tax provisions work, what qualifies, and how to factor them into your financing strategy.

Taking Their Seat in the Industry

The crane and rigging industry is a male-dominated field, which should come as no surprise to those in it. Yet the women who have built careers here have done more than simply enter the field; they have established themselves as operators, owners, executives, suppliers and technical experts. These women have decades of experience and the stories to accompany them.

Private Party Crane Sales: The Good, the Bad, and How to Protect Yourself

Private party crane sales are on the rise. Tonya Fry breaks down why they are increasing, what buyers need to watch for, and the due diligence steps that protect your purchase.

Crane Loan vs. Crane Lease: Which One Is Right for Your Business?

Should you finance your next crane with a loan or a lease? The answer depends on your cash flow, tax strategy, and how long you plan to keep the equipment. Here's a breakdown of both options so you can make the right call.

How to Finance a Crane: What to Expect from Application to Funding

Financing a crane is a major commitment, and the process can feel overwhelming if you've never done it before. Here's a step-by-step walkthrough of what to expect from your first conversation with a lender all the way through funding day.

ConExpo 2026: How to Work the Biggest Construction Trade Show Like a Pro

ConExpo-Con/Agg is the largest construction trade show in North America — and it's not just about walking the floor. Here's how the Harry Fry & Associates team approaches the show after 30 years, and how you can make it count as a buyer, dealer, or operator.

Rate Reversal: Can We Expect an Interest Rate Cut in the Near Term?

The Fed cut rates for the first time since 2020, and capital requirements are relaxing. Here's what it means for heavy equipment buyers, the used vs. new equipment split, and whether lower rates are enough to justify your next crane purchase.

Financing 101: How to Put Your Best Foot Forward When Applying for Heavy Equipment Loans

Lenders are asking more questions and taking a closer look at applications. Here's how to prepare your credit application, navigate private-party purchases, and work with a professional lender to get your deal funded smoothly.

How Tariffs Are Impacting the Crane and Heavy Equipment Financing Market

With a 10% baseline tariff now in effect and rates as high as 50% on some imports, the crane and heavy lifting industry faces rising costs, supply chain uncertainty, and tighter financing conditions. Here's what equipment buyers, dealers, and lenders need to know.