Funding Success - $2,200,000
Let us help you grow your business with manufacturing equipment financing. As a direct lender, we can get you approved quickly, especially if you’re a small or medium business. Forget about jumping through hoops to expand your operations.
Manufacturers of consumer products and industrial goods face a big challenge: they must keep up with unusually high demand. This spike in demand comes from consumers who, after being stuck at home during COVID, have changed their buying habits and seen an increase in personal income. Whether they make products, process or packaged food, or create industrial supplies for domestic or international shipping, these companies need to grow their production capacity.
This growth requires more equipment, more workers, and more materials. At Equipment Leases, we don’t deal with finding materials or hiring staff. However, we’re ready to help finance any new equipment needed for production lines.
For the past 8 years we have provided the capital for hundreds of clients to purchase new or used manufacturing equipment such as: funded millions of dollars in CNC machines, lasers, cutters, wrapping machines, mills, presses robotics and more. Our industrial equipment leasing specialists are familiar with the top names in the vendor industry. They know the companies that are on the cutting edge of innovation building better, more efficient and higher capacity machines to sell into this channel.
The decision to choose manufacturing equipment financing is a big one. And you are probably asking yourself any one of a dozen questions like these:
- Should you finance or lease?
- What kind of manufacturing equipment can you lease?
- How do manufacturing equipment financing and leasing work?
- What is the process for applying for a lease and will I qualify for the machines I need right now?
Give us a chance and see how easy industrial equipment leasing is with us as your finance partner. We have answers and simple solutions to streamline the process.
Grow Your Business With Manufacturing Equipment Leasing
Industrial equipment leasing allows businesses to replace outdated or malfunctioning equipment with newer models, helping them stay competitive in the market. Smaller manufacturing plants struggle to adopt the latest automated and robotic machines due to their high costs. With limited capital, small to medium businesses face challenges in purchasing expensive innovative equipment.
Equipment Leasing helps small to medium companies acquire updated equipment through manufacturing equipment financing and leasing, even if they lack funds for the latest advancements. Do these scenarios sound familiar to you?
- Replace old and inefficient forklift trucks with new ones, available even with less than perfect credit or limited cash.
- Upgrade old lathes or milling machines that are slowing down production, through equipment financing and leasing.
- Address issues with grinding machines that aren’t performing well, by leasing new, more precise machines.
- Incorporate robotics into manufacturing to automate tasks, so employees can focus on other critical aspects of the production process.
Small to medium businesses can expand with manufacturing equipment leasing no matter what your needs are.
The money you save on lower down payments and monthly payments can be used to expand, purchase supplies, hire more workers, or advertise your products.
You can lease updated and more efficient manufacturing equipment with us, which will boost production, save money, and reduce downtime due to breakdowns. If equipment fails, our lease terms typically cover repairs, and we can also schedule regular maintenance within your contract.
Manufacturing Equipment Financing or Leasing?
Industrial equipment leasing is an exceptional opportunity for small and medium manufacturing companies to get the manufacturing equipment and systems they need to stay competitive in today’s market.
Our lease requires a modest down payment, monthly payments that fit your financial plan, and what we call buck out. Buck out is when the terms of your lease are up; the equipment is yours to own for $1.00. Our lease is an easy way to get the equipment and robotics you need to bring your manufacturing into the 21st century.
This industrial equipment financing option saves you money from taking out manufacturing equipment loans. It is an expense, so it will not affect your credit rating negatively. Having automated manufacturing allows you to lower your payroll while boosting your productivity and efficiency.
There are many benefits to leasing the equipment you need.
Lease vs Buying Manufacturing Equipment
Leasing versus buying manufacturing equipment is something every business should consider. Especially, when deciding whether to do manufacturing and industrial equipment financing.
Ask yourself these questions:
- What are the benefits of leasing over buying equipment?
- Are there any disadvantages to buying manufacturing equipment?
- How will this decision affect your business?
- Will this decision affect your credit rating?
Leasing will provide several benefits over buying. These benefits include:
- A lease is an expense therefore it can be deducted from your total income as an expense.
- Your business can pay a smaller down payment with leasing than buying.
- With leasing you do not need a perfect credit rating.
- The monthly payments are smaller with a lease than a financed buying contract.
- It saves the working capital of the business for other needs, upgrading, or expanding your business.
- When negotiating the lease turns you can ask for maintenance and servicing of the equipment to be part of your lease agreement. Installation of the equipment can also be negotiated in the lease.
- There is a huge advantage to businesses with less than perfect credit ratings. And, those businesses which are strapped for cash for a large down payment.
- Often the lease can contain terms if asked for to purchase the equipment at the end of the lease term. Or, can you switch equipment as needed before the end of the lease term can be negotiated into the contract.
- With leasing you do not have to sell off older equipment in order to get new equipment.
- The newer equipment you lease can save your business on operating expenses such as energy and down time due to breakdowns. It will also boost your production.
But are there any disadvantages to leasing over buying?
There really is only one disadvantage; you can’t use equipment as an asset when you are trying to get a business loan. Whether manufacturing equipment loan or a loan for upgrading the building most finance companies want to know what your assets to determine how much they are willing to loan you.
Leasing equipment is considered an expense, not an asset, since you don’t own it; it can’t be used as loan collateral. However, leasing won’t impact your credit rating because it’s treated as a business expense rather than a loan. If you have a lower credit rating, leasing offers an opportunity to use the equipment now and potentially own it at the lease’s end through our buck out option.
New & Used Manufacturing Equipment for Lease
What types of manufacturing equipment do we provide for manufacturing equipment financing?
Here are several samples of the equipment and systems we lease for manufacturing:
- Roll formers
- CNC mills
- Automatics
- Metal Benders
- Saws
- Laser cutters
- Jig mills
- CNC lathes
- Shaping machines
- Lathes
- Milling Machines
- Boring Machines
- Gear Cutting Machines
- Grinding Machines
- Press Machines
We have not listed many others here; if you have questions; contact us today to learn more about equipment and lease terms. Equipment Leases offers a unique Buck Out option that lets you buy the leased equipment for just one dollar at the end of the lease term.
Manufacturing equipment loans vary from lender to lender. Each lender has different interest rates, terms, percentage of down payment, and more. Some lenders will want stellar credit ratings, some will want to know that you have assets to back the loan. Always read the loan agreement carefully as some do not have an option that allows to hold off paying during seasonal slow months or other hardships.
When you use a loan that equipment becomes yours and you are responsible for the upkeep and maintenance on it. You also cannot trade it for an updated model that you need until the loan amount is low enough to add more to it by refinancing.
Leasing on the other hand can have that option put in the lease where you can upgrade at any time without penalty. You also do not have to have the equipment you no longer need sitting around waiting to be sold. That equipment simply goes back to us. You can negotiate your lease deal much easier than negotiation a loan.
And, we also finance office furniture, lighting for offices and warehouses, and more as well as manufacturing equipment.
Manufacturing Equipment Financing Process
Here is how manufacturing equipment financing works:
- Fill out a simple form in a few minutes
- Attach bank statements (3 months), equipment invoices and copy of DL
- We can approve the same day!
It does not matter if your credit is excellent or poor. We have a manufacturing equipment finance solution that will work with your company. We have eight funding programs that fit any business needing capital to grow; especially small to medium businesses.
These industrial equipment financing programs cover funding opportunities for projects between $100,000 up to $50,000,000. These leasing programs include small or medium businesses without an actual financial presentation.
Some of the funding programs include:
- The application-only program is ideal for any project between $100k and 250k. It requires a few bank statements, a short application, and a personal FICO score above 680. Larger projects up to $50-milion, well-prepared financial records will accelerate the funding of your larger project.
- Our other business lending programs include our asset-backed business loans. These asset-backed loans are ideal for sales companies. Companies spending millions on new inventory orders that tie up large amounts of cash can take advantage of this program. You send us the invoices we pay for the inventory and you pay us when it sells.
- Our program for poor or bad credit companies is second to none. If your company has poor credit, bad credit, or no credit this program is the one you want.
Explore our various manufacturing equipment finance programs that suit your current needs. At Equipment Leases, we recognize that each company is unique, especially after overcoming the challenges posed by the pandemic. We commend your hard work, creativity, and innovation.
We look forward to earning your business and becoming your finance partner as you grow.
Just complete the short form at the top of this page and you will receive an immediate reply to your request and can discuss in detail your equipment needs and financial situation.
Remember Equipment Leasing is your best choice for manufacturing equipment financing and leasing. We can help you grow your business. We work with many industries including:
- Manufacturing
- Construction
- Food packaging
- Food processing equipment
- IT equipment leasing
- LED Lighting & Installation
- Material handling equipment
- Medical, dental & healthcare
- Mining equipment
- Office & TI equipment
- Oil & gas equipment
- Power generation equipment
- Renewable energy equipment
- Retail equipment
- Transportation equipment
We look forward to helping your small or medium company grow even bigger.
Equipment Leasing Success
Manufacturing Equipment Lease $4,250,000
We successfully financed a Weingarten Forge Press that was a 1979 model chassis. The press was mothballed in the late ’80s and sat idle for at least 30 years. We funded the initial purchase totaling $750,000.
We then funded the refurbishment and upgrade of the press to current standards for an additional 3.5 million. All new robotics, furnace equipment, hammers, safety gear, shipping, installation, and training came to an additional 1.750 million.
All in the refurbished press was 6.0 MM. A new Weingarten Press from Germany is over 20 Million that met our client’s specifications and production requirements, and it would take two years to wait time to acquire.
Both presses would work 24 hours a day, six days a week, and throw off 40 MM in revenue. We provided financing on a used project that saved the client several million dollars. We love a challenge and will work hard to fund projects Banks won’t touch.