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How Does Manufacturing Equipment Financing Work?


Planet Financial is one of the leading loan firms in Canada. Planet Financial provides flexible manufacturing equipment financing solutions for business owners turned away from traditional bank lending options.  In case you or any of your clients are seeking a beneficial non-bank alternative to purchase or refinance your new or used manufacturing-related equipment and machinery, our team will work with you to help structure your manufacturing equipment loan Brampton or manufacturing equipment financing and leasing agreement to suit your needs and you can always get a free inquiry by calling us. We are available 24*7 to solve all your queries and find the right solution for your business.   

Some of the examples of Manufacturing equipment that you can use for getting a manufacturing machine loan are as follows:

  1. CNC Machines
  2. Lathes and Turning centers.
  3. Machining centers
  4. Multi-axis/ Multi-tasking Machines
  5. Metal Fabrication Equipment
  6. Grinders
  7. Press Brakes
  8. Injection moulding machines
  9. Plasma cutters
  10. Electric discharge Machines
  11. Laser Cutters
  12. Robots
  13. Structural steel equipment
  14. Woodworking equipment.

In terms of the financial arrangements and the types of projects they may finance in the current market, manufacturing enterprises have a significant amount of flexibility especially if you’re looking for manufacturing equipment financing in Alberta. Manufacturing is a sector that is always developing, and manufacturing equipment is always in demand. Depending on your background and the sort of equipment being purchased, equipment loans can be obtained from a variety of sources.

The choices available to modern manufacturing organizations for financing equipment are numerous. These businesses profit from a market where lending is more competitive than it was previously, in addition to the availability of finance if you’re looking for Equipment financing in Mississauga.

Here are a few of the most popular financing options available today:

  • The actual equipment itself may occasionally be used as security for the loan, depending on its nature. Additionally, equipment loans can occasionally be for lesser sums than a standard bank loan, which might make traditional financing a choice for qualifying small company borrowers. This depends on the type and cost of the equipment being acquired.
  • Similar to what was said above for traditional lenders, online lenders also provide financing that is appropriate for buying equipment. The rates and terms will vary based on the specific lender you pick
  • Any type of machinery, tooling, warehouse equipment, commercial equipment, waste management, or from assembly lines and drilling equipment to injection moulding and robotic systems, we are happy to collaborate with you to create the solution that is best for your specific business goals and financial requirements.
  • If you have financing options like manufacturing machine leasing or loans available, you can get the equipment you need while maintaining a cash flow. Additionally, if you decide financing manufacturing equipment finance equipment is right for you, your business can be profitable with special tax benefits. Applying for financing is easy. You can read about all the documents which are required by our company. Simply fill out the credit application available on our website under Apply Now button and our dedicated team will contact you in helping you expand your business and manufacturing equipment financing for trucking companies. Replacing worn-out manufacturing machines can come with a high price tag. You can upgrade or replace the machinery your business needs and keep cash available for your other business expenses with manufacturing equipment loans. This financing solution for expensive machines and equipment gives you the option of buying the equipment or setting up an equipment lease. Both purchase and leasing options are available for new or used equipment so you can find the best machines for your business. Do not wait any longer. If you need a manufacturing equipment loan here is our Document Checklist and here is how equipment financing work:
  1. Valid ID
  2. Bill of Sale
  3. Article of Business Incorporation
  4. Last-three-month bank statements.
  5. Credit Application (download it here)

You can email all the documents to marketing@planetfinancial.ca or you can also get your free inquiry at 647-449-6060 if you’re looking for manufacturing equipment financing in Canada.

Click the “Apply Now” button to proceed with your desired heavy machinery loan provider. Some clients will rather have some guidance throughout this process, so we also have the added option for you to pre-apply at Planet Financial. Our team will sort through your information and give you the best rate of interest all over Canada if you’re looking for Toronto equipment financing. You can also Sign up for our newsletter for our recent updates and get special offers on heavy equipment loans. Apply online by filling up the credit application for quick approvals for your own or commercial truck loans Call us and book an appointment. We would be happy to serve you.



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