CNC Machine Finance allows businesses to secure funding for purchasing CNC machines without paying the entire cost upfront. This form of financing spreads the cost of the machine over time with affordable, fixed monthly repayments. It allows businesses in various industries, such as manufacturing, construction, and metalworking, to access advanced machinery without depleting their working capital.

By financing CNC machines, businesses can improve efficiency, accuracy, and overall productivity while maintaining a healthy cash flow.

For more information on how financing works, check out this guide on how equipment finance works from the Australian Government.

CNC machines are a vital investment for businesses in manufacturing, engineering, and fabrication. Opting for financing instead of purchasing outright provides several advantages:

• Preserve Cash Flow: Financing your CNC machine allows you to preserve capital for other important business expenses, such as labor, materials, and overhead costs.

• Access to Latest Technology: Upgrading your machinery regularly ensures your business stays competitive. Financing allows you to access the latest technology without the hefty upfront costs.

• Flexible Terms and Repayments: CNC machine finance typically offers flexible repayment terms and low-interest rates, making it more affordable for businesses of all sizes.

• Tax Benefits: Depending on your business structure, you may be eligible to claim tax deductions on the interest payments and depreciation of the equipment.

We provide financing for a wide range of CNC machines across various industries. Some of the common types of CNC machines you can finance include:

• CNC Milling Machines: Used for cutting, drilling, and shaping materials like metal, wood, and plastics. They are one of the most versatile types of CNC machines.

• CNC Lathes: Perfect for creating cylindrical or symmetrical parts like shafts, wheels, and tubes.

• CNC Routers: Ideal for cutting and engraving materials such as wood, plastics, and composites.

• CNC Plasma Cutters: These high-speed machines are used to cut through metal using a plasma torch.

• CNC Laser Cutters: High-precision machines used to cut and engrave materials with a laser beam.

For a more in-depth look at CNC machinery, check out resources from leading companies like Haas Automation, Mazak, and DMG Mori, all of which provide detailed specifications and capabilities for various CNC machines

The application process for CNC machine finance is simple and streamlined. Here's how it works:

1. Submit an Application: Start by completing our online application form. This will include details about your business, the CNC machine you want to finance, and the amount you wish to borrow.

2. Provide Necessary Documents: After submitting the application, you may need to provide supporting documents such as financial statements, business plans, and identification.

3. Approval Process: Our team will review your application and determine whether you qualify for CNC machine finance. In most cases, we can provide approval within 24-48 hours.

4. Finalise Your Agreement: Once approved, we’ll send you the loan agreement for review and signature. After signing, the funds will be provided to your chosen CNC machine supplier.

5. Receive Your CNC Machine: After completing the agreement, your CNC machine will be delivered to your business, and you can begin using it right away.

Repayment terms for CNC machine finance typically vary based on your loan amount and business needs. However, common loan terms range from 12 months to 5 years. We offer:

• Flexible Repayment Schedules: We understand that every business is different, so we offer custom repayment plans tailored to your cash flow.

• Fixed Interest Rates: With fixed interest rates, you can plan your budget effectively without the worry of unexpected rate hikes.

• Early Repayment Options: Many businesses choose to pay off their loan early. We allow early repayment with minimal or no penalties.

Yes, we offer financing options for both new and used CNC machines. Purchasing used CNC equipment is a great way to save money while still gaining access to reliable machinery. When financing used machines, however, it’s important to ensure they meet the operational needs of your business and have a good history of performance.

For insights into purchasing used CNC machines, check out MachineryTrader.com, a leading marketplace for used CNC machinery.

Both financing and leasing have their advantages, but financing CNC machines generally offers more benefits for businesses looking for long-term ownership:

• Ownership at the End of the Term: When you finance a CNC machine, you own the equipment outright after the final payment. Leasing typically does not provide this benefit.

• Tax Deductions: As a business owner, you can claim tax deductions on both the interest payments and depreciation of the machine, which may not be available with a lease.

• No Restrictions: Financing doesn’t come with the usage restrictions that often come with leasing agreements, so you can use the CNC machine as needed without limitations.

At Equifund Financial Group, we are committed to helping businesses thrive by providing flexible, tailored financing solutions. Here are the key reasons why you should choose us for your CNC machine financing needs:

Approval for CNC machine finance is typically fast. Once you’ve submitted your application and all necessary documentation, we can provide approval within 24-48 hours. Once approved, funds can be made available within a few business days, allowing you to secure your CNC machine and continue your operations without unnecessary delays.