The rates will depend on a few outside factors, including the current federal rate, the borrower's credit, the type of machine financed, etc. Our fixed rates and flexible lease and loan terms allow your monthly payments to be predictable. We know how crucial and valuable time is in this industry; this is why we strive to approve borrowers within one business day.
We make the equipment financing process straightforward, mainly because we know that businesses needing financing for machine tools don't want to be limited by time-consuming processes, restrictions, and pleading collateral. 1st Commercial Credit can finance just about anything needed to run a business. We know the proper tools are the key to success but are also expensive. The good news is that we offer some of the best options in machine tool financing.
Some of the extra benefits associated with machine tool financing are:
Financing for your small business needs- A vital aspect of any business is obtaining the equipment needed for growth. Fabrication equipment financing and leasing can help you afford to equip your business and thrive.
Offer financing options to your customers- Sell your customers the machine tool, equipment, and technology needed to keep their business updated with financing. When you offer to finance, you will give those customers purchasing power while enabling your own success.
Better quality- Having the funds to obtain the latest and highest quality tools will allow you to serve your clients better.
Tax advantages- Some of our financing programs are tax-deductible, which means you can lease the tools you need and, on top of that, be able to deduct the cost from the taxes. We can help you figure out your specific tax situation to determine if the equipment you need qualifies.
More variety- With adequate funding, you will be able to buy what your business needs today. With financing, you can choose between many different brands, sizes, and types of tools that will benefit your company.
Payments structure- We are committed to your success and also understand that you are on a budget. This is why we offer small monthly payments that fit within your budget. At the end of an agreed-upon term, you will have options to decide what to do with the machine tools.
We know your company is different from the next and has specific requirements for tools. Our experts will meet with you to evaluate your financial situation and put together the best financing program. We also offer machine tool financing solutions for business owners turned down by other traditional bank lending options.
Our solutions provide funds to obtain the machine tools and other industry equipment and machinery for your business, including: