Manufacturing Process Financing
Get hold of what you need to get going with our business use equipment finance services.
Safe and secure equipment loans for your business
Finding the right equipment loan can take time and effort. At Simply Finance, we make finding equipment finance simple. With financing options available across various manufacturing processes, including plastics technology, robotics, automation, welding and AIT solutions, there is a safe and secure loan for all your manufacturing process needs.
Reputable lenders
Talk with a range of trusted Australian lenders.
Competitive rates
Find competitive industry rates for your equipment loan.
Fast approval process
Get approval the same business day.
Why take advantage of Additive Manufacturing & 3D Printer Financing?
Our Manufacturing Process Financing is a safe and secure way for business owners to purchase essential equipment. Low upfront costs and regular ongoing repayment gives you complete control over your cash flow with no nasty surprises.
Instead of paying cash for equipment, you can finance it with pre-tax dollars, reducing the amount of money you are taxed and improving cash flow. And you’ll be optimising your business’ long-term cash flow by using financing to purchase higher quality equipment with improved output, better quality assurance, less waste and improved efficiency.
Plus, businesses are able to claim deductions on depreciating assets, such as machinery and equipment.
There’s never been a better reason to make the most out of Simply Finance’s tailored financing options available. Our Manufacturing Process Financing makes funding premium tools and equipment easy, letting you focus on what matters most: your business.
We work with reputable lenders across Australia to find a loan to fit your business needs without impacting your cash reserves – meaning you’re saving money for your business’s daily operations and expenses.
With a range of secure and flexible financing options available, there has never been a better time to invest in manufacturing process tools and equipment
What equipment can I receive a loan for?
We know every business is different. If the equipment you need exists, has a valid serial number and is available within Australia, we can finance it.
Simply Finance offers finance solutions for a wide range of essential equipment and manufacturing process tools.
CNC Machinery
Advancements in computer numerical controlled (CNC) machinery have simplified manufacturing processes. CNC machinery can create highly complex precision parts and are a valuable piece of equipment for manufacturing businesses.
CNC machine financing is available for:
- CNC Swiss Turning machine. A precision manufacturing machine designed to create complex parts.
- CNC Milling machines cut along several axes and are used for various materials, including wood and steel.
- CNC Turning Centers create advanced custom parts using CNC technology to ”turn” materials.
- CNC Grinding machines use an abrasive ”grinding” plate to create finishes on metals.
- CNC Routers. Like a CNC milling machine, a CNC router is used to cut and shape materials
Fabrication Equipment
Fabrication is the method of cutting, bending or welding materials into parts or complete products. There is a wide variety of fabrication equipment on the market, from water jets, lasers, press brakes, shears and punches.
Each tool has a function in developing a product. Water jets and lasers can cut metal with high precision, and press brakes make easy work of bending metals into the desired shape.
Lathes
Lathes are a powerful and versatile manufacturing tool that you can use for turning, drilling, knurling, sanding and boring woods or metals.
A lathe is a versatile solution, often doing the work of multiple tools. While CNC machinery is considered faster and more efficient, manual lathes are a lower-cost alternative to CNC machinery. Get in touch to find out more about lathe financing.
Metal Cutting Machines
Metal cutting is one of the main functions of any metal fabrication works. Some of the most common tools include laser and plasma cutters, traditional saws and waterjet cutters.
- Laser-cutting machines use extreme heat (via light) to cut metal. Lasers are extremely precise and can be used on many materials.
- Plasma cutting machines, like laser cutting machines, use extreme heat for precision cutting. However, unlike laser, which uses light to cut, plasma cutting is achieved through compressed gasses. Plasma cutting is only suitable for metals.
- Saws such as bandsaws, circular saws, jigsaws and grinders are all tools you can use to cut metal.
- Waterjet cutting uses pressurised water and an abrasive (such as sand) to cut through metal. This tool does not rely on heat, making it the preferred tool for heat-sensitive materials.
What types of loans are available to me?
Now that you know what equipment you need and are ready to apply for a loan, what’s next? A range of loans are available for businesses investing in equipment, which we explore below.
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What is a low doc loan?
A low-document (or low-doc) loan is a fast and easy way to secure financing
If you’re self-employed, a sole trader or a small business owner, the laundry list of details and documents that big banks or loan institutions ask for can be overwhelming.
Low-document loans just need proof of ID and some supporting information – simple, easy and fast!
What is a chattel mortgage?
A chattel mortgage is a great option if you use your equipment for your business at least 51% of the time
Your lender of choice will purchase your business equipment, register a chattel mortgage, fix an interest rate and set up a repayment schedule agreed to by you. Enjoy tax-deductible interest charges and depreciation if you own a small business.
- Fixed interest rate
- Flexible loan lengths ranging from one to seven years
- Residual value or balloon payments available
What is a rent to buy/operating lease?
Get all the perks of equipment ownership without the responsibility
Pay a fixed monthly lease or rental amount for the lifespan of your loan for ultimate business flexibility. Rest assured, asset leases are structured in line with ATO guidelines, sitting on the balance sheet as a business expense. Your options are:
- Pay your equipment’s remaining value and take ownership
- Make the switch or trade your gear
- Refinance outstanding payments
How to apply for Manufacturing Process Finance?
What do you need to apply for finance to get finance for Additive Manufacturing and 3D printing?
- A driver’s licence or another applicable form of ID, such as a passport.
- A filled-out application form.
- A signed privacy statement.
- Equipment quote including the costs for all equipment needed.
FAQs
How much can I borrow for manufacturing process finance?
We will sit down with you and talk finance – how much do you need, how much can you afford? How much finance do you need now, and will you need more in the future.
Every business is different, and equipment needs will vary. If the equipment you need exists, has a valid serial number and is available within Australia, we can finance it.
Can I get financing for used manufacturing process tools?
Yes you can. Simply Finance have solutions to help you acquire new and used equipment. The used equipment needs to be in good working order. We don’t want to give you finance for something that is going to break down and end up costing you an arm and a leg.
Can equipment loans be offset against tax?
Many business finance options can be tax deductible. This allows you to free up capital to invest in your business more. Check with your accountant about how much you can deduct from your tax before making a claim.
If manufacturing is where you see yourself now and in 10 years time, get in touch with the team at Simply Finance so we can help you raise the finances to realise your dreams.
Looking for another type of loan?
If a business car loan is not what you need at the moment, try looking into our other loan options. We offer a variety of business loans and personal loans.
Whether you want to get that special something or you’re looking to make a business investment, we’re happy to help.
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