Working to meet your financing needs, not ours.

Equipment financing is a loan or lease used to get business equipment now and pay for it over time, instead of paying cash up front. The equipment itself usually serves as the collateral. Depending on the product, terms run from 12 to 84 months.

The main types are Equipment Finance Agreements (EFAs), simple interest loans, capital leases, true or operating leases, and rentals. With an EFA or a loan, you own the equipment. With a lease or rental, the lender owns it and you pay to use it. Simple interest loans are available for CNC machines, press brakes, and CMMs. For equipment you bought with cash within the last 90 days, a sale-leaseback can free up that cash. Terms: EFAs 12 to 84 months, simple interest loans 24 to 84 months, leases 12 to 84 months, rentals 12 to 24 months.

Here is a simple example. A machine shop wants a used CNC mill from a dealer. The owner fills out a one-page credit application. A lender approves an EFA over 60 months, pays the dealer, and the shop makes monthly payments while the machine is already making parts. At the end of the term, the shop owns the mill. (Example only. Real terms depend on the deal and the lender.)

New and used manufacturing and fabrication machinery, CNC machines, forklifts, automation equipment, inspection equipment, and most items needed in your manufacturing facility. If it runs on your shop floor, ask us.

Yes. We finance both new and used equipment. For application-only deals, lenders look for standard, good-quality equipment, so a well-known make and model in good shape is the easiest to finance.

Yes. Startup financing is an option with MCEF, for new or used equipment. It takes a little more than the one-page application, so be willing to do some extra work. We will do the same for you.

Typically, once we receive your application, we can have an answer within 24 to 48 hours.

You get a specific quote from us up front, before you fill out any application. We research your business first: Dun & Bradstreet, Secretary of State filings, time in business, existing UCC filings, number of employees, revenue. That homework is why our quotes are typically very close to the final approved rate. Rates still depend on your credit strength and the financing product, and a formal approval requires a credit application and a credit decision from the lender. The rate we quote is the true rate, with no advance payments hiding the real cost.

Yes. With established business credit, 100% financing is an option. That means no down payment on the equipment.

Yes. MCEF and the lenders we use can make progress payments to vendors. You pay interest only on the progress payments until the loan starts. That keeps your cash in the business while the machine is being built or shipped.

It's possible. We work with challenged credit and with owners who aren't sure they will qualify. We know which of our lenders work with challenged credit, so we place your deal with the one that fits, instead of sending it everywhere. We will tell you straight if a deal is not a fit.

For application-only deals, lenders generally look for 3 or more years in business, good personal credit for the owners, comparable prior borrowing, standard, good-quality equipment, no bankruptcy, no tax liens. Missing one? Call anyway. Startups and challenged credit are considered with more documents.

More than you could with one bank. Each lender we work with sets its own application-only limit. Multiple lenders go up to $350,000, $500,000, $750,000 with a one-page application, and one goes up to $1,000,000. Multiple machines can be approved with multiple lenders, for a much higher application-only total than one bank or lender alone. Depending on the equipment and your credit strength, several lenders can be used at the same time for separate machines. Go direct to a single bank and you are capped at that bank's one application-only limit. You pay each bank or lender directly, not MC Equipment Finance. Documents are signed with DocuSign.

For most deals, just the one-page credit application. Have your business name, address, and federal tax ID, each owner's personal details, and the equipment quote from your vendor. Startups should expect to provide more.

It depends on the product. EFAs and leases run 12 to 84 months. Simple interest loans run 24 to 84 months and are available for CNC machines, press brakes, and CMMs. Rentals run 12 to 24 months.

If you want to own the machine and keep it for years, a loan or EFA usually makes sense. If you want lower payments or the option to upgrade or return the equipment, a lease may fit better. A capital lease is built for you to keep the equipment at the end. We explain the trade-offs on your actual deal before you choose.

Yes, with a sale-leaseback, as long as you purchased the equipment within the last 90 days. The lender buys the equipment from you and leases it back, so you keep using it and get your cash back into the business.

No. MC Equipment Finance is an independent loan and lease broker. We work directly with large and small national banks and private lenders across the United States, and we place each deal with the one that fits it best. That gives you more lending products, more flexibility with creative terms, and more credit boxes to fit into. You're not a number or a deal. We want to be your go-to from your first deal to your 20th.

Look for someone who learns your business before quoting, explains every term in writing, and is upfront about fees and advance payments. Ask who will see your application: one application sent to several banks at once can mean several credit pulls. Clear terms and no surprises matter more than a flashy rate in an ad.

No. The banks and lenders we work with review credit before they finance equipment, and you should be careful with any offer that promises to skip that step. What we can offer is a simple process: a one-page credit application for deals from $5,000 to $1,000,000, and an answer typically in 24 to 48 hours. If your credit is challenged, tell us up front. We work with challenged credit too.

Equipment financing comes from national banks, regional banks, and private lenders that specialize in equipment. MC Equipment Finance is a broker that works directly with large and small national banks and private lenders across the United States. We know which lender fits your equipment, credit, and structure, and we place your deal with that lender, instead of sending one application to every bank at once. Every extra application can mean another credit pull.

Usually, yes, within limits. Soft costs like tooling, rigging, freight, installation, and training can often be rolled in. It depends on the lender and how much they can tolerate: most lenders are fine with 10% to 15% in soft costs, and some will go higher. Put everything on the quote and we will tell you up front what fits.

Some lenders collect the first and last payment up front, at signing. Your payments are still figured on the full amount, but you get less cash to work with, so the real rate is higher than the quoted rate. For example, $100,000 at 6% over 60 months is about $1,933 a month. Collect two of those payments up front and the true rate is about 6.4%. Our quotes are true rates with no advance payments.

No. We finance businesses anywhere in the USA. We are based in Mertztown, Pennsylvania, and we work with banks and private lenders across the United States.