The longer you’ve been in business, and the deeper your credit profile… the easier it gets. With decent credit and time in business there’s usually not even a need for hassles like bank statements and financials and stuff.
Financing Rates for 3D Printing
The “easier” your financing is (longer time in business and good credit, for example)…
…the lower the “risk premium” will be needed to get that printer in your hands.
So… what does that mean?
Equipment lenders look at pools of financing contracts and analyze the number that pay on time, the number that pay late, and what is the percentage chance based on your profile they’ll have to send out the repo man to take your printer.
If you are a minimal risk (based on what a computer says), your rates will be good… like only slightly higher than what you’d pay at your bank (if your bank will finance you… which is a longshot these days…)
The higher the risk – the higher payment you should expect.
Here’s a calculator with guestimates.
Note: there’s only so much my cheesy little calculator can factor in… so while these numbers are a decent starting point… they don’t substitute for an actual approval.
The Bottom Line
If you need to finance a 3D printer… we can help you with that.