Machine tool financing.

CNC mills and lathes, horizontal and vertical machining centers, EDM machines, grinders, press brakes and shears, laser and waterjet cutting, saws and fabrication equipment, and tooling and workholding packages, new, used, or from auction, from a $15,000 usual minimum to $5 million and above. Rigging, installation, and tooling can be included on qualifying transactions.

Yes. On a used CNC the control generation matters more than the year it was built: a machine with a current or still-supported control finances on a longer term than an older control the builder no longer supports. Private-party purchases add a lien search and an inspection, with funds paid directly to the seller. Our guide to buying a used CNC from a private party lists what to verify.

Many established-business programs start around 600 FICO, and two or more years in business opens the broadest set of programs and the best pricing. Between one and two years narrows the field but stays workable; under one year the file is underwritten as a startup, which typically means 700+ personal credit, relevant industry experience, and working capital left after the purchase.

The score alone rarely decides it: cash flow, the equipment, and money down all move the answer. Full detail is in the qualification guidelines and the credit score guide.

Equipment finance agreements run 24 to 84 months and leases 24 to 60 months, with $1, 10%, or fair market value buyouts. The term cannot outrun the equipment's remaining useful life, so used equipment is often written on a shorter term than new.

Machining centers and EDMs hold value and run for decades, so most shops finance them and own them, with the term sized to the contract or utilization the machine is being bought for. Our guide to financing machine tools and using cash to scale covers the utilization math. The lease vs. loan guide runs one machine through every structure with real numbers.

Yes. A sale-leaseback on paid-off machining centers, EDMs, or grinders returns cash as a lump sum while the machines keep running, on terms up to 60 months, with no prepayment penalty on most approvals. EDMs and grinders hold a durable collateral value, which is covered in our tool and die leaseback guide.

Most applications get a first response within 1 to 2 business hours, with same-day options on qualified files and approvals in as little as 30 minutes on clean application-only files. Funding follows in as little as 24 to 48 hours once documents are signed.

Application-only decisions, with no tax returns or financial statements, are available up to $500,000 on qualifying files; above that, expect a full financial package. The application starts with a soft credit inquiry, which does not affect your score. A builder or dealer quote, or the auction lot with serial and control, is usually all a first response needs.

Usually, yes. For 2026 the Section 179 limit is $2,560,000 of qualifying equipment, phasing out above $4,090,000 of purchases, and bonus depreciation is 100%. New and used equipment both qualify, and financing does not change the deduction: equipment bought on an equipment finance agreement or a $1 buyout lease with nothing down is deducted the same as a cash purchase, as long as it is placed in service by December 31.

On a fair market value lease the funder owns the equipment, so you deduct the payments as rent instead. Run the estimate in the Section 179 calculator and confirm the treatment with your tax advisor.

Yes. Tooling and workholding, like toolholders, fixtures, vises and chucks, can go in the same payment as the machine they're for on qualifying deals. A tooling package can also be financed on its own once it reaches our usual $15,000 minimum. Below that, it's usually simplest to add the tooling to a machine deal.

Tool and die shops waiting on final payments for tooling they've already built can raise working capital with a sale-leaseback on EDMs, grinders and other machines they own outright.

It depends on the price, the term and the rate you qualify for. As an example only, at an assumed 9% rate: a $150,000 machining center financed in full comes to about $3,114 a month over 60 months, or about $2,413 a month over 84 months. A $60,000 used CNC lathe over 36 months is about $1,908 a month.

Those are illustrations, not quotes. Your actual rate depends on your credit, time in business and the machine. To see your own numbers, set the cost, term and down payment in the Quote Builder, with no credit pull.

Yes. Refurbished machine tools are among the most common lease deals we see, and used machines lease too. Terms run 24 to 60 months with a $1, 10% or fair market value buyout. Just like financing, the term has to fit the machine's remaining useful life, so an older machine usually gets a shorter term.

Run the numbers first in the Quote Builder: set the equipment cost, term, down payment, and structure and see an estimated payment in a few taps, with no credit pull. When it fits, one short application and a soft credit inquiry get you matched with a dedicated funding professional who manages the deal from application to funding.