Aerospace Manufacturing Equipment Financing in Mirabel, Quebec

Equipment used across the Mirabel aerospace cluster

Aerospace manufacturers and suppliers can require CNC machines, 5-axis machining centres, lathes, inspection and metrology equipment, robotics, material-handling systems, tooling, composites equipment, test systems and other specialized production assets.

A standard machine-tool purchase and a custom aerospace production system do not present the same financing questions. Specialized assets can require more detail around configuration, useful life, resale value, integration and support.

New production, expansion and modernization

Mirabel’s aerospace ecosystem includes manufacturing, aircraft systems, maintenance and industrial development. A company may be replacing older machinery, adding capacity for a new program, improving inspection capability or automating part of a production process.

The lender still underwrites the borrower. The operating reason simply helps explain the transaction and the expected use of the equipment.

Where the project is tied to a customer contract or production program, the company should be ready to explain the timing and how the new equipment fits the work awarded.

Imported and specialized equipment

Aerospace and precision equipment is often sourced internationally. Imported machinery can create additional questions around currency, deposits, freight, customs, seller verification and the timing of payment before delivery.

For highly specialized assets, the financing source may also want to understand how the purchase price was determined and whether the equipment has a secondary market.

Starting the financing process before the machine is ready to ship gives more time to solve those issues.

How Raymond Leigh handles Mirabel files

Raymond Leigh is a Canadian equipment finance brokerage working with 40+ lenders and financing partners. Typical equipment requests range from $50,000 to $5,000,000.

We review the borrower, equipment, seller, project and requested structure before deciding where the file should go. Raymond Leigh is based in Montreal and does not have a Mirabel office, and final credit decisions come from the financing source.