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Manufacturing Equipment Leasing & Financing

Fast turnaround times and flexible financing terms make it easy to finance or lease machinery, tooling and technology

 
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Lease and Finance Options Available for Machine Tools

If you own or operate a small business that relies on machinery, tooling, and related technology to satisfy the needs of your customer base, you’ll want to pay close attention to the machine tool financing and leasing options that are available today at National Funding. We have helped thousands of customers across a variety of industries for nearly 20 years, and our clients appreciate our rapid turnaround times and flexible financing terms when it comes time to finance or lease needed equipment. After all, many industries rely heavily on the performance of in-house machinery and tools to deliver top-quality end products throughout a range of business lines.

Machine tool equipment leasing and financing
Manufacturing Technology Orders Dropped in June 2013

Significant tax benefits to leasing equipment

Using hard-earned cash to purchase equipment and tools makes little sense – especially when you are able to finance or lease equipment with such favorable terms. You’ll want to consult your tax adviser, but there are significant tax benefits to leasing equipment – like the Section 179 deduction. For more information on machine tool leasing or machine tool financing, contact us today!

Three Choices for Financing Machine Tool Equipment

When it comes time to secure new or preowned machine tools, you generally have three choices when it comes to paying for the equipment.

 

Working Capital Purchase

First, you can use working capital to purchase the machine tools. Some business owners like this option because it eliminates debt and provides total ownership of the equipment on day one. But, it also reduces the amount of on-hand cash for the business, which can lead to a situation that may limit the business from spending money on other important expenses. As long as the business debt is the result of securing an asset like machine tools, this would generally be considered good debt.

 

Machine Tool Financing

A second option is machine tool financing. This refers to the lender providing the upfront cash necessary to purchase equipment, with corresponding loan terms that require periodic repayments until the principal amount is paid back. Similar to buying and financing a car, payments must be made until the principal amount is brought to zero and then the equipment is fully owned by the business. At that point, the business must decide what to do with the equipment – either keep it or sell it. Often times, the equipment isn’t worth a whole lot by the end of the term, especially if it has been used hard throughout the entire span of the loan. But having the ability to make your own decision as to the future of the piece of equipment is quite empowering. You may find that the machine tool has become an integral part of your operation, and having it paid off and productively working may be priceless.

 

Machine Tool Leasing

The third option is machine tool leasing – and this refers to a specific, structured lease that enables you, the business owner, to pay for the equipment through periodic repayments. Then, you’ll have to decide what to do with the equipment once the lease term is over. We offer several options when it comes to leasing, including purchase option, dollar buyout leasing, and high cost equipment leasing.

  1. The purchase option is considered a traditional type of lease agreement and offers low monthly payments and three options at the end of the lease term. You can purchase the leased equipment at the fair market value at the time of the lease expiration, you can simply renew the equipment lease, or you can return the equipment. The last option is terrific if the value of the leased equipment has dropped significantly.
  2. A dollar buy-out lease enables you to purchase the machine tooling for $1 at the end of the lease term. You’ll have slightly higher payments than a purchase option lease, but you will be able to buy it out at the end of the term.
  3. The last option is the high value equipment lease, and it is reserved for purchases of more than $150,000. Generally designed for commercial applications, we offer specific programs that are tailored to the unique requirements of larger businesses.

 

Equipment Leasing & Financing

New and pre-owned equipment leases

National Funding is a leader in the equipment financing industry. With our Lowest Payment Guarantee and no down payment requirement, we cost you less. Our dedicated Loan Specialists will work to get you a quick approval on virtually any type of equipment. They will then find the payment option that’s best for you.

Click or call and receive a quick decision and the equipment you need.

  • Up to $150,000 in equipment leasing

  • New or pre-owned equipment

  • Wide variety of payment options

  • Huge potential tax savings

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Terms & Conditions

General Acceptance

Any applications submitted electronically shall have the same force and effect as if the application bore an inked original signature(s). The above information, together with any accompanying financial statements, schedules, or other materials, is submitted for the purpose of obtaining credit and is warranted to be true, correct, and complete.

 

US Patriot Act:

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person and business that seeks a business loan. What this means for you: When you apply for a loan, we will ask for your business name, address, and Tax Identification Number. We will also ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

 

For Loan/Merchant Services:

The Merchant and Owner(s)/Officer(s) identified in the application (individually, an “Applicant”) each represents, acknowledges and agrees that (1) all information and documents provided to National Funding, Inc. (“NF”) including credit card processor statements are true, accurate and complete, (2) Applicant will immediately notify NF of any change in such information or financial condition, (3) Applicant authorizes NF to disclose all information and documents that NF may obtain including credit reports to other persons or entities (collectively, “Assignees”) that may be involved with or acquire commercial loans having daily repayment features and/or Merchant Cash Advance transactions, including without limitation the application therefor (collectively, “Transactions”) and each Assignee is authorized to use such information and documents, and share such information and documents with other Assignees, in connection with potential Transactions, (4) each Assignee will rely upon the accuracy and completeness of such information and documents, (5) NF, Assignees, and each of their representatives, successors, assigns and designees (collectively, “Recipients”) are authorized to request and receive any investigative reports, credit reports, statements from creditors or financial institutions, verification of information, or any other information that a Recipient deems necessary, (6) Applicant waives and releases any claims against Recipients and any information-providers arising from any act or omission relating to the requesting, receiving or release of information, and (7) each Owner/Officer represents that he or she is authorized to sign this form on behalf of Merchant.(8) I consent to receive direct mail, faxes, text-messages, and e-mails sent by National Funding and its affiliates for the purposes of transmitting account updates, requests for information and notices, and (9) this request is for business and not for consumer purposes.

 

For Equipment Services:

I hereby certify: (1) the information provided is true and correct, (2) you are hereby authorized to investigate all bank, credit, and trade references, and said references are hereby authorized to release any requested information to you or your nominee, (3) such authorization shall extend to obtaining personal credit profile in considering this application and subsequently for the purposes of update, renewal or extension of such credit or additional credit and for reviewing or collecting the resulting account, (4) this information may be transmitted by us to you and by you to underwriter(s) for the purpose of granting me credit, either electronically or manually, and that by submitting this application, I take full responsibility for transmission thereof, (5) I am over 18 years of age, (6) I acknowledge my rights under the Fair Credit Reporting Act, (7) I consent to receive direct mail, faxes, text-messages, and e-mails sent by National Funding and its affiliates for the purposes of transmitting account updates, requests for information and notices, and (8) this request is for business and not for consumer purposes.

 

Text Messaging:

By providing my wireless phone number to National Funding, Inc., I agree and acknowledge that National Funding, Inc. may send text and multimedia messages to my wireless phone number for any purpose. I agree that these text or multimedia messages may be regarding the products and/or services that I have previously purchased and products and/or services that National Funding, Inc. may market to me. I acknowledge that this consent may be removed at my request but that until such consent is revoked, I may receive text or multimedia messages from National Funding, Inc to my wireless phone number.

  
The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status or age (provided the applicant has the capacity to enter into the binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. If for any reason your application for business credit is denied, you have the right to a written statement of the specific reasons for the denial. To obtain the statement, please write to National Funding Inc., 9820 Towne Centre Drive, San Diego, California 92121. Funding amount and credit approval is subject to a full credit profile review.