Question 1

Can CNC machines and machine tools be financed?

Accepted Answer

Yes. CNC mills and lathes, turning centres, laser and waterjet cutters, press brakes, welding cells and inspection equipment are all routinely funded.

Terms usually run three to seven years, because well-maintained machine tools stay productive far longer than most mobile plant and hold a strong second-hand value.

Question 2

Can installation, tooling and commissioning be included?

Accepted Answer

In most cases yes. Rigging, foundations, power supply works, tooling packages, fixtures and operator training can be rolled into the facility rather than paid out of working capital. Where the machine is imported, staged payments to the manufacturer against a proforma are normal and we structure the drawdown to match.

Question 3

Is used machine tooling fundable?

Accepted Answer

Yes, and it is a large part of what we arrange in this sector. Auction and dealer purchases of established brands are straightforward. Funders look at age at the end of the term, spindle hours where recorded, and how readily the machine would resell. A recognised make with a live second-hand market is treated more generously than a bespoke one-off.

Question 4

Can I release capital from machines the workshop already owns?

Accepted Answer

Often, yes. Refinancing owned machine tools raises working capital for a new contract, a factory move or additional capacity, based on current market value and resale demand. It is a common way to fund the deposit on a larger machine without touching the overdraft.

Question 5

I have never used a finance broker before. Is it more hassle?

Accepted Answer

Less, in our experience. You complete one application and one conversation with us. We then approach the funders on your behalf, rather than you filling in separate forms for your bank, the dealer's finance arm and anyone else you might have approached. We handle the paperwork, the funder's questions and the chase-up, and we come back to you with the options set out plainly. You keep the decision; we do the legwork. It also protects your credit file. Rather than several lenders searching you in a short space of time, we place the proposal with the funders most likely to say yes to that particular asset and business.

Question 6

What types of assets can be funded?

Accepted Answer

Broadly, anything identifiable, durable and used for business purposes. In practice that means: tractors; combines and harvesters; balers, mowers and forage equipment; telehandlers and loaders; ATVs, side-by-sides and utility vehicles; grain handling, storage and drying plant; livestock housing, feeding and handling equipment; milking parlours and robotic milking systems; irrigation and water management; groundscare machinery including greens mowers, fairway units, sprayers and top dressers; construction plant such as excavators, dumpers and rollers; commercial vehicles, vans and trailers; solar arrays, battery storage and other renewables; and IT, software and telematics. If an asset is unusual we will say so early. Specialist or bespoke equipment can usually be funded, though the funder panel narrows and the structure may differ.

Engineering finance

Finance for every category of engineering equipment

Engineering equipment we fund every week

Categories we regularly fund

Engineering finance: common questions

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