Injection Moulding Machine Financing in Canada

Injection moulding projects are often systems, not single machines

A business may describe the purchase as an injection moulding machine even when the quote contains several major components.

The press is only one part of the production system.

Moulds, hot runners, temperature controllers, material handling equipment and other auxiliaries can add substantial cost.

Show the lender each part of the project instead of presenting one combined number.

The mould needs its own explanation

A mould can be valuable to the business but highly specific to a particular product.

That makes it different from the injection moulding machine itself.

If the project includes one or more new moulds, identify them clearly and show their price separately.

The lender can then decide how it wants to treat those assets within the financing structure.

Explain what the system will produce

Injection moulding equipment can be used for packaging, industrial components, consumer goods, medical products and many other applications.

Tell the lender what your company produces and why this particular system is being purchased.

If the purchase supports a new customer program or contract, explain that without overstating future revenue.

If the machine is replacing older equipment, say so.

Used injection moulding machines need configuration details

Age alone does not describe a used moulding machine.

The lender may need to understand the manufacturer, model, year, clamp tonnage, controls, condition and seller.

If major components have been rebuilt or upgraded, provide documentation.

If the machine is being sold without the auxiliaries needed to run your process, include the cost of those items in the overall project plan.

Installation can be a real part of the project

Moving and commissioning an injection moulding system may involve rigging, electrical work, water, cooling and other plant requirements.

Separate those costs from the core machine price.

Some financing sources may consider certain capitalized installation costs. Others may focus primarily on the equipment.

The lender needs to see the breakdown before it can answer.

What should you send?

• Vendor quote
• Press manufacturer and model
• New or used status
• Mould pricing
• Hot runner and controller pricing if applicable
• Auxiliary equipment included
• Installation costs
• Seller information
• Delivery schedule
• Business purpose

Several related purchases may belong in one financing request

If your business is adding a complete moulding cell, it may not make sense to finance the press today and then separately request financing for robots and packaging equipment a few weeks later.

Show Raymond Leigh the full planned purchase at the beginning.

That allows the transaction to be considered as a complete manufacturing project.

Our robotics and automation financing guide and multi machine financing guide cover those related pieces.

If you already have a system quote, send it with your business details for review.