CNC Machine Financing: New and Used, Quotes Up Front

CNC machine financing for new and used machines

MC Equipment Finance arranges simple interest loans, Equipment Finance Agreements, and leases for new and used CNC mills, lathes, and machining centers. You get a specific quote up front, deals from $5,000 to $1,000,000 can be done with a one-page credit application, terms run 12 to 84 months, and credit decisions typically take 24 to 48 hours. We place your deal with the lender that best fits your machine, credit, and structure.

CNC machine financing options

There is more than one way to pay for a CNC machine. The right one depends on how long you plan to run it and how you want it on your books.

Simple interest loan. 24 to 84 months. You own the machine from day one. Simple interest lenders finance CNC machines, press brakes, and CMMs.
Equipment Finance Agreement (EFA). Works like a loan, 12 to 84 months. You own it at the end.
Capital lease. Built for you to keep the machine at the end of the term.
True or operating lease. Lower payments, with the option to return or upgrade at the end. Good for machines you expect to replace.
Sale-leaseback. Bought a machine with cash? Get that cash back into the business and keep running the machine. The machine must have been purchased within the last 90 days.

Not sure which fits? Tell us how you plan to use the machine and we will lay the options side by side.

Financing by brand

Financing a used CNC machine

Used machines are a smart buy for a lot of shops, and we finance them. Lenders want to know what they are lending against, so have this ready:

Make, model, and year
Control type and hours, if you have them
The seller: a dealer, an auction, or another shop
The price and any rigging or install costs on the quote

Buying more than one machine?

Each lender sets its own application-only limit. Multiple lenders go up to $350,000, $500,000, $750,000 on a one-page application, and one goes up to $1,000,000. Depending on the equipment and your credit strength, several lenders can be used at the same time for separate machines, each placed with the lender that fits it. Go direct to one bank and you are capped at that bank's limit.

When the builder wants a deposit

New CNC machines often have lead times, and many builders want a deposit or progress payments before the machine ships. Progress payments can go straight to the vendor. You pay interest only on the progress payments until the loan commences, so your cash stays in the business while you wait on delivery.

Who the lenders are

We are not a bank. MC Equipment Finance is an independent broker that works directly with large and small national banks and private lenders across the United States. Some lenders know machine tools well and some don't. We know which ones do, and we place your deal with the one that fits. You're not a number or a deal. We want to be your go-to from your first machine to your 20th.

Starting a new machine shop?

Startups are considered. Expect to provide more information than the one-page application asks for. Be willing to do a little extra work. We will do the same for you.

Frequently asked questions

How do I finance a CNC machine?

Get a quote from the machine dealer and call us. We research your business and give you a specific financing quote up front. Then you fill out our one-page credit application, we place it with the lender that fits your deal, and you typically get a credit decision in 24 to 48 hours. Once you sign with DocuSign, the lender pays the dealer.

Can I finance a used CNC machine?

Yes. We finance new and used CNC machines. For application-only deals, lenders look for standard, good-quality equipment, so a well-known make and model in good working order is the easiest to finance. Have the year, model, and the seller's details ready.

What are CNC machine financing rates?

You get a specific quote from us up front, before any application. We research your business first, so our quotes are typically very close to the final approved rate. Rates depend on your credit strength and the financing product, and a formal approval comes from the lender after a credit application. Our quotes are true rates with no advance payments.

Can I get CNC machine financing with bad credit or no credit check?

Lenders review credit on every deal, so there is no honest "no credit check" option. But challenged credit is not an automatic no. We know which of our lenders work with challenged credit, and we place your deal with the one that fits instead of sending it everywhere.

Do you finance my brand of CNC machine?

Yes. We finance new and used CNC machines from the major builders, from smaller mills and lathes starting at $5,000 to full production machining centers. See financing by brand on this page, or call with the make and model.