Metal Fabricating Equipment Financing
Do You Need to Finance New or Used Metal Fabrication Equipment?
Metal fabrication equipment financing and leasing for Canadian based fabrication companies is available from a number of our financing partners located throughout Canada.
Here are just a few of the more common forms of metal fabrication equipment that are regularly financed through an equipment loan or lease financing facility.
Plate roll, angle roll, ironworker, press brake, sheer, rebar machine, tube bender, angle line, angle notcher, band saw, semi-automatic band saw, automatic band saw, beam drill line, beam cambering machine, beam coping machine, beveler, burning system, punching machine, cold saw, pivot arm cold saw, vertical column cold saw, high speed cold saw, non ferrous cold saw, manual cold saw, semi-automatic cold saw, mag drill, magnetic drill, automatic magnetic drill, manual magnetic drill, hand brake, laser cutter, plasma cutting machine, plate processing machine, plate roller, sheet roller, drill line, portable drill line, plasma punch, radial arm drill, metal router, water jet cutting machine.
And here is a short list of some of the more common manufacturers considered for used equipment financing. Peddinghaus, Anglemaster, Baileigh, Heck, Amob, Scotchman, Marvel, Hyd-mech, FMB, CNC, Ocean Machinery, Jancy, Ecolina, Durabore, Hitech USA, Evolution, Masteel, National, Geka, Metal Muncher, Hankwang.
The used equipment financing market for fabrication equipment is quite strong although the loan to value you can finance will have a lot to do with the state of the industry at any given time.
For instance, the more equipment of a certain type that’s on the market, the less financing will be available as a percentage of the purchase price due to the lower perceived security value.
Get Equipment Financing That Meets Your Fabrication Business Needs
That being said, fabricating equipment can also hold its value over long periods of time which can result in equipment over 20 years of age get manufacturing equipment financing or leasing approved.
It’s also not uncommon for the fabrication industry to go through peaks and valleys, placing strains on cash flow at times. When shop equipment is fully paid for, there is a good chance that an equipment refinancing loan or sale and lease back can be arranged to inject cash back into the business from the equity held in the equipment.
If you have a fabrication shop and you’re looking to replace equipment, expand, or refinance, I recommend that you give us a call so we can quickly assess your situation and requirements and provide you with relevant options for your consideration.