Manufacturing & Wholesale
Manufacturing & Industrial Equipment Financing in Canada
Finance CNC machines, fabrication equipment, automation and material handling through one process with access to 40+ financing sources. Raymond Leigh arranges new, used and imported machinery financing for Canadian manufacturers and distributors, typically from about $50,000 to $5 million.
At a Glance
Manufacturing Equipment Financing in Canada: At a Glance
What can be financed
CNC machines, machine tools, lasers, press brakes, robotics, packaging and processing lines, and warehouse equipment.
Transaction size
About $50,000 to $5 million, from one machining centre to a complete production line.
Used machinery
Used machines may be considered based on age, condition, control system and resale market.
Imported equipment
Machinery bought from overseas suppliers may be considered. Deposits, shipping and currency need to be planned into the structure.
Soft costs
Installation, tooling, rigging and training may be included in some transactions, depending on the financing source.
Machines you already own
Equity in owned machinery may support refinancing or a sale-leaseback.
Manufacturing & Wholesale
Financing Built Around Production
Manufacturing equipment earns money one part at a time. A new machining centre, fibre laser or robotic cell can add capacity, cut cycle times or bring outsourced work back in-house. The return comes over years, so paying for the machine over years usually makes sense.
Machinery purchases are often large and lumpy. Deposits are due months before delivery, installation and tooling add cost, and the machine does not produce revenue until it is running. Financing keeps working capital available for materials, payroll and the customer orders the new machine is meant to fill.
Many Canadian shops also buy used or imported equipment. Used machines can be excellent value, and imported equipment may be the only source for some processes. Both need a financing source that understands the asset, which is why it helps to have more than one option.
Equipment
Manufacturing & Industrial Equipment We Finance
These are the main machinery categories manufacturers and distributors finance.
Machining
CNC machining centres, CNC lathes, manual lathes, milling machines, grinders and EDM.
Fabrication
Fibre laser cutters, plasma cutters, waterjets, press brakes, shears and welding equipment.
Plastics and moulding
Injection moulding machines, extrusion equipment, moulds and auxiliary equipment.
Automation
Industrial robots, robotic cells, conveyors, vision systems and controls.
Packaging and processing
Packaging lines, filling machines, labelling equipment and food processing machinery.
Material handling
Forklifts, reach trucks, racking, warehouse automation and compressors.
By Process
Industrial Machinery Financing by Process
Each machine type has its own resale market and its own risks. Here is how financing usually works for the main categories.
CNC Machine Financing
Manufacturers finance CNC machining centres, CNC lathes, milling machines and related production equipment when replacing aging machinery, adding capacity or starting a new process. Brand, control system and age influence how financing sources value the machine.
Machine Tool Financing
Machine tool financing covers grinders, EDM, boring mills and manual machines alongside CNC equipment. Older manual tools are often financed as part of a larger shop purchase rather than alone.
Laser Cutting & Fabrication Equipment Financing
Fabricators investing in fibre lasers, plasma cutters, press brakes and waterjets can finance the machinery instead of funding the full acquisition from working capital. Automated loading towers and software bundled with the machine may be included.
Automation & Robotics Financing
Robotic cells, industrial robots, conveyors and automation systems are significant investments. Financing can spread the cost over the system's working life. Integration and installation costs are reviewed with each financing source.
Packaging Equipment Financing
Packaging lines, case packers, wrappers, filling machines and labelling equipment are financed by food, beverage, consumer goods and contract packaging companies adding speed or new formats.
Material Handling Equipment Financing
Forklifts, reach trucks, pallet systems and warehouse automation are financed by manufacturers, distributors and 3PLs. A fleet of forklifts can be financed together.
Production Line Financing
A new or relocated production line can include dozens of pieces of equipment, installation and controls. Financing sources look at the full project, the timeline to production and the contracts behind it.
Used Manufacturing Equipment Financing
Used machines from dealers, other manufacturers or auctions can often be financed when the machine is in good working order and fairly priced. Financing sources may ask for an appraisal. Learn about equipment financing for used machinery.
Financing Options
Financing Options for Manufacturers & Distributors
The best structure depends on the machine, how long it will run and how the business is funded today.
Equipment Financing
Finance the purchase of new or used machinery, with the equipment as security.
Explore equipment financingEquipment Leasing
Lease structures can suit technology that changes quickly, such as lasers or automation, with options at the end of the term.
Progress Payment Financing
Some financing sources can fund deposits and progress payments before a machine is delivered and running. This is reviewed case by case.
Multi-Asset & Line Financing
Finance several machines, or a complete line with installation, in one transaction.
Equipment Refinance
Borrow against equity in machinery the business already owns.
Explore equipment refinanceSale-Leaseback
Sell owned machinery to a financing source and lease it back to raise working capital without interrupting production.
Explore sale-leasebackDistributors and wholesalers carrying large inventories may also look at inventory financing or invoice factoring.
Use Cases
Common Manufacturing Financing Scenarios
Adding capacity
A machine shop running at capacity adds a second five-axis machining centre so it can quote larger orders.
Automating a bottleneck
A food manufacturer installs a robotic palletizer and conveyor system to reduce labour pressure at the end of the line.
Bringing work in-house
A fabricator buys its own fibre laser and press brake instead of sending cutting and bending out.
Buying used or at auction
A plastics company buys used injection moulding machines from a plant closure and finances them after an appraisal.
Opening another facility
A distributor opens a second warehouse and finances forklifts, racking and material handling equipment together.
Ontario & Quebec
Ontario and Quebec Notes for Manufacturers
Ontario and Quebec are home to most of Canada's manufacturing base. A few points come up often in deals there. None of this is legal or tax advice.
Imported machinery
Machines bought in US dollars or euros carry currency risk between the deposit and delivery. Discuss timing and currency with the financing source early.
Lease terminology in Quebec
In Quebec, financial leases are often called crédit-bail, and security interests are registered at the RDPRM. In Ontario, registrations are made under the PPSA.
Sales tax recovery
Manufacturers registered for HST, or for GST and QST in Quebec, can often claim input tax credits on equipment. How tax fits the financing depends on the structure, so confirm with your accountant.
For vendors & OEMs
How Industrial Equipment Vendors & OEMs Can Offer Customer Financing
Machinery dealers, distributors and OEMs can offer customer financing without building a finance company. Raymond Leigh connects your buyers to financing sources that understand industrial equipment, while you keep ownership of the sale.
Capital equipment sales often stall at the budget stage. A customer likes the machine but cannot fund the full price this quarter, or their bank does not understand the asset. A manufacturer financing program lets your sales team present a monthly payment alongside the quote and gives the deal a second path if the customer's usual lender declines.
Financing can be offered on new machines, demo units, used trade-ins and imported equipment. Raymond Leigh handles the application, lender routing and documents, and keeps you informed so installation and delivery can be scheduled with confidence.
How can equipment manufacturers offer financing?
Through a financing partner rather than an in-house lending arm. You introduce interested buyers, and Raymond Leigh arranges the financing with third-party sources. You do not lend money or carry the credit risk.
Can financing include installation and tooling?
Sometimes. Some financing sources will include soft costs like installation, rigging and tooling with the machine. It depends on the source and the size of the soft costs relative to the equipment.
What if the customer's bank says no?
A decline from the customer's usual bank does not always end the deal. Other financing sources may view the equipment and the business differently. Approval is never guaranteed.
Why Raymond Leigh
One Financing Process. More Places to Take the Deal.
One lender sees one kind of deal. A used five-axis machine, an imported line or a fast-growing shop may not fit its rules. Raymond Leigh brings your file to 40+ financing sources and matches it with the ones that understand the machine and the business.
- CNC, fabrication, automation, packaging and material handling
- New, used, imported, dealer and auction purchases where appropriate
- Single machines through full production lines, about $50K to $5M
- Refinancing and sale-leaseback on owned machinery
- Coordination with your vendor on deposits and delivery
- Canada-wide, with strong focus on Ontario and Quebec
How It Works
How Machinery Financing Works
Applying does not commit you to anything, and approval is never guaranteed. Here is what happens after you reach out.
Tell Us About the Equipment
Send the quote, machine specs and delivery timeline, plus basic company information.
We Review the Transaction
We review the business, the machinery and the financing needed, including any deposits.
We Identify Financing Options
The deal is matched with financing sources that understand the machine type and structure.
Complete the Transaction
Once the paperwork and lender conditions are in place, we coordinate payment with the machinery vendor, including any deposit schedule.
FAQ
Manufacturing & Wholesale Financing Questions
Yes. CNC machining centres, lathes and mills are commonly financed in Canada. Terms depend on the machine's brand, age and price and on the business's financial profile.
Often, yes. Used machinery in good working order can be financed, sometimes with an appraisal. Older or highly specialized machines may face shorter terms or larger down payments.
Yes, it may be considered. Plan for deposits, shipping, duties and currency. Financing sources may want to see the purchase agreement and delivery schedule.
Some financing sources include soft costs in the transaction. Whether they qualify depends on the source and how large they are compared with the equipment cost.
In some cases. Progress payment financing is available from certain sources for larger machines with long lead times.
Potentially. An equipment refinance or sale-leaseback can turn equity in owned machines into cash without interrupting production.
Start by connecting with a financing partner. Raymond Leigh can work with your sales team to define how customers are introduced and how financing is presented in quotes.
Yes, usually. Demo units and trade-ins can be financed when condition and pricing are documented.
Next Step
Add Capacity Without Draining Working Capital
Share the machine or project. We will look at the deal and show you what structures could work.