As a fabricator, you know that your equipment is your livelihood. It’s what allows you to produce the parts and products your customers need. But what happens when your equipment starts to wear down, break or become outdated? You need to replace it, and that can be a big expense.
There are several benefits to financing fabrication equipment. First, it allows you to get the equipment you need without having to pay for it upfront. This can free up your cash flow so you can invest in other areas of your business. Second, financing can help you spread out the cost of the equipment over time, making it more affordable. Third, financing can give you access to equipment that you might not be able to afford to buy outright.
When choosing a financing option, it's important to compare rates and terms from different lenders. You should also make sure that the lender you choose understands the manufacturing industry and the specific type of equipment you need.
This is where we come in. We’ve been in business since 1981 and really know our stuff. We're a small, yet mighty business focused on helping businesses of all sizes get the financing they need for the equipment they want. We don’t focus on just your credit score. Best of all? We have a quick turnaround when it comes to letting you know if you’ve been approved for financing.
Here are some of the specific benefits of financing fabrication equipment:
Improved productivity: Newer, more efficient equipment can help you produce more products or fabricate more countertops in less time. This can lead to increased profits and a competitive advantage.
Reduced costs: New CNC equipment can often help you save money on energy, materials, and labor. This can free up cash flow so you can invest in other areas of your business.
Enhanced product quality: New equipment can help you produce higher-quality products. This can lead to customer satisfaction and repeat business.
Expanded capabilities: New equipment can give you the ability to produce new products or services. This can help you grow your business and reach new markets.
Improved safety: Newer equipment is often designed with safety features in mind. This can help protect your employees from injuries.
And some additional tips for financing fabrication equipment:
Get quotes from multiple lenders.
Compare interest rates, terms, and fees.
Make sure the lender you choose understands the manufacturing industry.
Ask about any discounts or incentives that may be available.
Be prepared to provide financial information, such as your business's credit history and financial statements.
Financing fabrication equipment can be a great way to improve your business. By carefully considering your options and working with a reputable lender, you can get the financing you need to succeed.