Press brakes and shears are the backbone of sheet metal and fabrication shops. Modern CNC press brakes with automatic backgauges and tool changers can cut setup time sharply, which is why many fabricators finance an upgrade rather than wait.
Subject to credit approval and documentation.
An EFA is the usual choice. Fabricators adding capacity for a new contract can pair the machine with a short working capital note for materials.
| 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. Several machines from one or more sellers can be financed together on one application.
Yes, from dealers, auctions and private sellers, with serial numbers and photos or an inspection.
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.