A common hurdle in launching or expanding a business is restricted access to the right equipment. Sound familiar? So, when purchasing or hiring costs impact profitability, what’s the solution?
Machinery and tooling finance is a cost-effective option for businesses. Giving them access to the tools and machinery they need to fulfil their services without impacting cash flow or breaking the bank.
From CNC machinery, printing presses and furnaces to specialised items like tooling, 3D printers and moulds, there are various finance options to fund the equipment you need for the length of time you need it.
Whether you’re looking to purchase machinery or tooling, we can help you find the right financial solution to help keep your business operating.
Are high upfront costs pricing your business out of machinery & tooling equipment? Distributing payments over a period of time could help significantly.
Many trades and businesses have to turn away jobs because they lack the machinery or cash to hire the required equipment.
Machinery and tooling finance enables businesses to take on more opportunities. By paying affordable monthly payments to a lender, they can complete and invoice the work without any upfront costs.
Can I finance machinery & tooling that I already own?
Yes! Origin has access to many lenders who offer refinance, but is restricted to just machinery. Refinance is one of the most underutilised finance products & can be a great way to release working capital. A good rule of thumb is that you would need 60% equity for refinance to be a viable option.
Can I fund used machinery & tooling equipment?
With Origin you can fund any requirement above £10,000, and the equipment can be new and used.
Can Origin Finance cover the entire cost of machinery and tooling?
Yes! Delivery, infrastructure, and installation can be included in the finance agreement, using one of our turnkey solutions.
Can you get machinery and tooling on finance?
Yes! Origin can help you to purchase machinery and tooling. Whether you know exactly what type of finance you need or just want an initial chat as you work everything out, we’re here to help.
How do I know whether I’m eligible for machinery and tooling finance?
If you’re not sure whether you’d be eligible for our finance solutions, try our eligibility checker. We just need some basic information from you and you won’t have to enter any personal information. Alternatively, why not set up a discovery call with a member of the Origin team?
How does machinery & tooling finance work?
Through asset finance, we match you with the most suitable lender to fund the purchase and installation of your machines. With flexible payments and competitive rates, businesses can afford and embrace greener solutions.
What different finance solutions does Origin offer?
We offer a range of finance solutions to businesses of all shapes and sizes and in every sector: Government-backed lending schemes; asset and equipment finance, including finance lease and hire purchase; business loans; and refinance. We also provide expert guidance and insight into commercial finance and can support you with Government-backed funding options.
What type of loan is best for machinery and tooling finance?
Several different finance options can help you purchase machinery, tools, and tooling, including loans. However, asset finance is the most common product used with interest rates often being lower than those of commercial loans, and the added potential of tax benefits.
Finance for Equipment
What equipment can Origin help to fund?
We can help businesses to fund equipment of all shapes and sizes, across a wide range of sectors.
