CNC mills and lathes are the core of most job shops and production machining operations. They are long-lived, serialized and widely traded, which makes them straightforward to finance whether you are adding a first CNC machine or replacing a manual one.
Subject to credit approval and documentation.
Most shops use an equipment finance agreement (EFA) so they own the machine and can take Section 179. A deferred or step payment can help while a new machine ramps up on approved deals.
| Equipment finance agreement (EFA) | You own it from day one. Fixed payments; usually eligible for Section 179. |
|---|---|
| $1-buyout lease | Lease payments, then you buy it for $1. Treated much like an EFA for tax. |
| Fair-market-value (FMV) lease | Lower payments. Return, renew or buy at market value at the end. |
Time in business, business and owner credit, revenue, and the equipment’s details: make, model, year, serial number and condition. Requests above $1M also need financial statements.
Equipment bought with an EFA or $1-buyout lease and placed in service by December 31 may qualify for a first-year deduction. Estimate your tax savings.
Need cash for delivery, training, materials or the ramp-up? Add working capital to the same application.
Yes. We verify the seller owns the machine, confirm the serial number and check for existing liens before we pay. An inspection report or video under power helps.
Terms depend on the machine’s age and expected life and on your credit. New machines are commonly financed over 36 to 84 months; older used machines over shorter terms.
LenderCloud finances equipment from $10,000 to $10 million. Requests up to $1 million can usually be decided on the application alone; larger requests need financial statements. All financing is subject to credit approval.