Surface, cylindrical and centerless grinders, along with wire and sinker EDM machines, handle the tight-tolerance and hard-material work that sets precision shops apart. They are specialized but well known to equipment lenders.
Subject to credit approval and documentation.
Most shops finance grinders and EDM machines with an EFA. Pairing the machine with working capital for consumables and setup is common when it opens a new capability.
| 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, with documentation of the rebuild from a reputable rebuilder. The rebuild can extend the term we can offer.
Generally yes, when bought with an EFA or $1-buyout lease and placed in service by December 31. Confirm with your tax advisor.
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.