Machine Tool Financing: Fund Machinery for Your Business
Providing expert advice and solutions for growing businesses looking for the best new and used machine tool financing options.
Machine Tool Financing
Being in the business for over 40 years has earned Charter Capital the reputation of being one of the most trusted providers of equipment financing and leasing services to manufacturing businesses. We have helped thousands of clients get the financial assistance they need to start or scale their operations.
Manufacturing equipment and machine tool financing can help your business succeed by giving you the ability to afford all the elements necessary to keep up with production demand. We understand the challenges of looking for the right lender to partner with and trust as you grow your business. We have over 20 lending agencies in our network that can provide the most competitive manufacturing equipment financing options in the market.
Some of the types of machine tools and equipment that we can help finance include:
- Grinders
- Laser cutters
- Press brakes
- Injection molding machines
- Lathes and turning centers
- CNC grinding machines
- Metal fabrication equipment
- Electric discharge machines
- Plasma cutters
- Structural steel equipment
- Multi-axis machines
- Woodworking equipment
- Machining centers
- CNC routers
Financing machine tools and fabrication equipment should not be a difficult process. You can apply for a machine tool loan with confidence when you have a trusted and experienced financial broker to help you. Get in touch with the experts at Charter Capital to learn about the different machine tool financing options that suit your capital equipment needs.
Some of our customers...
- Are interested in the lowest rate.
- Are interested in a specific tax treatment.
- Want to avoid breaching existing lending covenants.
- Are interested in the longest term.
- Are interested in getting reimbursed for equipment they have already paid for.
- Want seasonal or other cyclical structures.
- Want to finance software.
- Want to us to give the seller a deposit before the equipment is shipped.
All of our customers want a fair deal at a fair price and no surprises.
Types of Machine Tool Financing
When it comes to machine tool financing, businesses can explore various financing options depending on the type of equipment needed. Here’s an overview of financing types for key categories:
1. Metal Cutting Machine Financing
Metal cutting tools like lathes, milling machines, and CNC machinery are essential for precision manufacturing. Financing options may include:
- Equipment Leasing: Enables businesses to lease metal-cutting machines for a specific term, providing access to advanced machinery without the full upfront cost.
- Equipment Loans: This loan type allows companies to purchase the metal cutting machinery outright, with monthly payments spread over time.
- SBA Loans: Small Business Administration loans are a great option for small or mid-sized manufacturers looking to finance expensive metal-cutting machines.
2. Fabricating Machine Financing
Fabrication machines such as laser cutters, plasma cutters, and welders are used to create complex metal structures. Financing options include:
- Operating Leases: Fabrication equipment can be leased for a fixed term, with the option to purchase at the end of the lease or return the equipment.
- Capital Leases: A type of lease where the equipment is treated as an asset on the company’s balance sheet, with the option to purchase at the end of the term.
- Vendor Financing: Many equipment manufacturers or dealers offer financing plans directly, which can streamline the purchase process for fabricating tools.
3. Injection Molding Machine Financing
Injection molding machines are crucial in plastic manufacturing for producing items like automotive parts or packaging. For financing, companies can consider:
- Lease-to-Own: This option allows manufacturers to lease the equipment with the intention of owning it at the end of the term, making it ideal for costly injection molding machinery.
- Term Loans: Banks or alternative lenders may offer term loans specifically for injection molding machines, with fixed monthly payments over a set period.
- Line of Credit: A flexible financing option that can cover both equipment and operational costs as they arise, making it easier to manage cash flow while acquiring machinery.
Each of these financing types offers different benefits, so businesses should carefully assess their financial situation and equipment needs when deciding on the right option.
Secure Fabrication and Machine Tool Financing and Scale Your Business
As your manufacturing business evolves, your customers’ needs also evolve and become more sophisticated. There will be times when you will need to fabricate new machines to meet their specific requirements and stay above the competition. However, customizing equipment or even purchasing new ones can come with a high cost that goes into the hundreds of thousands to millions of dollars. Small and medium-sized businesses often struggle to fulfill production expectations because they do not have enough capital to invest in a new machine. Fortunately, Charter Capital offers machine tool financing solutions to help you eliminate this roadblock.
High-performance, high-capacity metal fabrication equipment pricing can range from $10,000 to $70,000, depending on the features included, while multi-axis machines can cost between $15,000 to $50,000. Needless to say, this will likely not be part of any small to medium-sized business’ regular budget. Even larger companies will be hard-pressed to decide whether or not to purchase now, leading you to miss out on potential revenue opportunities.
You don’t have to be hesitant about taking this major leap—Charter Capital’s machine tool financing is here to help. You can access machine tool financing providers that offer the best and most affordable rates in the market, so you don’t have to worry about options. We can help you find the perfect growth partner that will be with you as your business grows.
We are passionate about seeing your business scale and succeed. Contact the knowledgeable team at Charter Capital to see all the machine tool financing solutions that you can avail of.