Category Archives for Manufacturing Equipment Financing
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.
Welding Equipment Financing
Do You Need Financing For Welding Equipment?
Welding equipment financing and leasing is available through Canadian based lending and leasing companies for a wide range of business applications all across Canada.
Some of the more common types of welding equipment to be financed on a regular basis include:
Welders, mig welder, gmaw, tig welder, gtaw, stick welder, smaw, engine driven welder, wire feeder, multi purpose welder, multi operator welder, submerged arch, spot welder, fume extraction hood, plasma cutter, induction heating equipment, welding work station, welding positioner, automated gear tilt positioner, pipe turning positioner, benchtop positioner, manual welding positioner, hard surface positioner, welding turntable, industrial positioner, turning roll, manipulator, beam clamp rigging roller, cable reel roller, welding pipe stand, pipeline equipment, low profile welding turntable, high speed welding turntable, vessel turning roll, tank turning roller, pipe roller, beam clamp rigging roller, powered rigging roller, multi directional rigging roller, gas welder, arc welder, Parweld Mig & Tig, Thermacut Plasma, welding machine, arc welding equipment.
This is not meant to be a complete list by any stretch and if you have a piece of welding equipment that you’re interested in procuring but don’t see on the list above, please give us a call and we’ll be able to tell you right away if it’s an item that can be financed or not.
Get Equipment Financing That Meets Your Business Needs.
If you know you’re going to need financing for welding equipment in your manufacturing process or in other applications, we always recommend that you call us first before you even bid or make an offer on equipment for a number of reasons.
First, if you can outline what type of welding equipment and price range you’re looking for, we can get you preapproved for financing up to a certain amount of funding. That way, you will know exactly how much money you have to work with and be more efficient with the buying process.
Second, the structure of a transaction can impact your financing options. For instance, if you want to purchase from a U.S. based vendor, there are only a small percentage of equipment financing companies that will pay a U.S. vendor directly before equipment is released which can severely limit your options. There are ways to manage this type of transaction, but they need to be set up before hand.
Third, if you want to purchase welding equipment with your own cash and then be reimbursed through an equipment financing transaction after the fact, there are certain things you should be aware of to make sure the cash purchase will be eligible for financing.
Packaging Equipment Financing
Do You Need Financing For Packaging Equipment?
Packaging Equipment Financing is available to Canadian business owners and managers for a wide assortment of packaging and warehouse equipment including but not limited to : combination weigher, linear scale , gravity scale, servo auger filler, volumetric filler, piston fillers, baggers, inspection systems, vacuum packaging, case-erector, case sealer, Bag Insertion System, automatic cash packer, semi-automatic case packer, automatic baler, wicketted bagging and sealing system, hot air sealer, filling machines, capping machines, labeling machines, marking equipment, coding equipment, sleeving machine, shrink tunnel, shrink wrap equipment, steam tunnel, material handling equipment, unscramble, conveyor, turntable, stretch wrapper, sealer, induction sealer, washer, Rinser, gummed tape dispenser.
Because of the diverse amount of materials requiring both packaging and packaging in different forms, there is an enormous amount of equipment that is available today to specific uses. So if you have a piece of equipment that’s not on the above list, it still may be something that can be financed, so please give us a call and we’ll run it by our list of lenders and leasing companies.
Basically, any type of equipment can potentially be financed, but the more customized and unique the asset, the more additional security will likely be required by the lender or leasing company.
Get an Equipment Loan or Lease That Meets Your Business Needs.
Commodity based assets that have an established resale market for new and used packaging equipment will be much easier to finance with better rates and terms than custom items due to the fact that the equipment financing company will understand how to liquidate the equipment if they are required to do so.
Packaging equipment items may be acquired under operating or capital leases, depending on financing programs provided by the lenders and lessors that the equipment and business would qualify for. Under an operating lease, the borrower or lessee can return the equipment at the end of the lease term to the lender or lessor without any further obligations. With a capital lease, the lessee is required to purchase the asset at the end of the lease term according to a predetermined price or pricing formula.
If you have a packaging equipment financing requirement for your business, I suggest that you give us a call so that we can quickly assess your requirements and provide you with the most relevant equipment financing options for your consideration.