Manufacturing Equipment Financing in Drummondville, Quebec
Equipment financing for Drummondville manufacturers buying production machinery, automation, food-processing, plastics and industrial equipment.
Equipment needs in a diversified industrial market
Manufacturers in Drummondville and Centre-du-Québec can be buying CNC and fabrication equipment, plastics machinery, food-processing and packaging systems, automation, conveyors, inspection equipment, compressors and other plant assets.
The financing route depends on what is being purchased and how the project is structured. One machine from an established dealer is different from a complete production line with progress payments and site work.
New, used and rebuilt machinery
Used equipment can be financeable, but age, condition, seller, value, support and remaining useful life matter.
A rebuilt machine also deserves a clear description of what was replaced or upgraded, whether a warranty is included and who performed the work.
The borrower should provide the quote, machine details and seller information before committing to a short deadline.
Industrial expansion can create more than an equipment need
A manufacturer adding capacity may need the machine, electrical work, installation, raw materials and extra payroll before the new capacity starts generating cash.
Raymond Leigh separates those uses of funds so the company knows which costs belong in the equipment transaction and which may require working capital, inventory financing or another source.
How Raymond Leigh handles Drummondville files
Raymond Leigh works with 40+ Canadian lenders and financing partners. Typical equipment requests range from $50,000 to $5,000,000.
We can review new and used machinery, dealer purchases, private sales, auctions and imported equipment. Raymond Leigh is based in Montreal and does not have a Drummondville office.
Let's see if we can help!
A short conversation is usually enough to tell you which financing options fit and what they could look like.
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