CNC machine finance

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Rav
I was struggling to obtain finance for a vehicle, for my company, through the car dealership. I spoke with Adrian at Swoop who took care of it all. He was professional, approachable, easily accessible and liaised directly with the car dealership (who weren't particularly forward leaning!). Thank you to Adrian and Nichola for all your help 🙂
Sep 6, 2025
Elizabeth Parkinson
Very quick response time from Adrian Barratt who I dealt with
Sep 4, 2025
Victor Meus
The Swoop system was simple and straightforward to use. I submitted my application and had a loan approved within a week. Overall, a smooth experience—I would recommend it to anyone looking for a quick and easy loan.
Sep 1, 2025
Lisa Mary
Excellent service today. Thank you to driver 318, Rich, for making me feel calm and relaxed, and also to the Brazilian driver. Both very pleasant and approachable. I would deffo recommend Swoop
Aug 28, 2025
Iulia Popescu
James has been absolutely fantastic throughout the entire funding process. He guided us with clear, straightforward advice and was always quick to respond to any questions we had. Thanks to his support, we were able to secure the funds we needed swiftly and without any unnecessary complications. His professionalism, efficiency, and deep understanding of the funding landscape made what could have been a stressful experience feel smooth and manageable. I would highly recommend Swoop—and especially James—to any business looking for reliable, expert support in securing finance.
Aug 5, 2025
Mr B
Simple- Helpful - Accurate
Aug 5, 2025
Jodie Marshall
At a time when I needed some extra funding for my business, I went to SWOOP. They were absolutely amazing. My business is a social enterprise, we so have a not for profit clause which often means mainstream lenders don't like to lend. But these guys found me a company willing to lend at an amazing rate and with amazing terms (better than any social investor I've come across). I gave them what I thought was an impossible task on the off chance, and they delivered! So impressed with their professionalism, friendliness and super quick turn around! Thank you SWOOP!
Aug 5, 2025
Neil Jones
Just when you need that additional business boost, Swoop have you covered. Fantastic turnaround from Adrian and team. They kept me fully informed from start to finish, and with a follow up to make sure everything went well and all is good. Fantastic, highly recommended.
Aug 4, 2025
susan allan
had an amazing experience with BEN nicest taxi driver ever . helped us with a stressful end to the night and couldn’t thank him enough staying with us until we were all safe . if anyone needs a taxi i would recommend ben with swoop .
Aug 3, 2025
Jack
Absolutely brilliant company to deal with. Farhan was extremely helpful, friendly and very efficient from start to finish and have helped us get funding with minimal interest rates which will help the company repay quicker and expand faster. Thanks so much Swoop
Jul 21, 2025
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    Page written by Chris Godfrey. Last reviewed on December 4, 2024. Next review due October 1, 2026.

    Computer Numerical Control (CNC) machining is the bedrock of US manufacturing. Controlling everything from industrial lathes and drills to grinders, mills and more, CNC technology can make light work of very complex tasks. However, CNC machinery does not come cheap, and paying for it out of cash flow can be prohibitive. Fortunately, CNC machine finance is here to take the load. Read on to learn more about this form of business funding, how to get it, and what the benefits are.

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      What is CNC machine finance?

      CNC machine finance is a form of equipment finance. Businesses use it to buy or lease the big-ticket CNC machinery and equipment they need. This supports their cash flow by spreading the cost over time instead of paying 100% of the purchase price upfront.

      How does CNC machine finance work?

      CNC machine finance falls into two classes – business loans to buy the equipment, and leases that are long-term equipment rental agreements:

      Business loans to buy your CNC machinery

      Although many types of business loans are suitable for buying CNC equipment, they all work with the same basic format: You borrow a sum of cash and then repay it over time. Interest charges and fees are added to the principal amount you borrow, and the lender may retain a lien on the machinery during the term of the loan. At contract end, you’ve paid off the loan and you own the equipment outright.

      Pros

      Advantages of business loans to buy CNC machinery

      • Regular repayments can improve your financial planning
      • You own the equipment at contract end
      • May allow you to own better and more expensive machinery than buying with cash
      Cons

      Disadvantages of business loans to buy CNC machinery

      • Some loans may require added collateral or a personal guarantee
      • Interest rates on some business loans can be high
      • At contract end the machinery may still need replacing or upgrading

      Lease your CNC machinery with a finance or operating lease

      Leasing works differently from business loans. With a lease, you’re not buying the equipment, you’re entering into a long-term rental agreement. Depending on the type of lease you choose, (finance lease or operating lease), you may have the option to buy the CNC machinery at contract end for a pre-agreed sum, (which could be as low as $1 but is typically the residual value of the machine – which means what it’s worth in used condition).

      Because you’re not repaying the whole cost of the equipment, leasing usually requires lower monthly payments than a business loan. You may also pay a smaller down payment – perhaps equal to one or two month’s repayment instalments.

      If you choose not to buy the machinery at the end of the lease, (or you have chosen an operating lease that forbids it), the equipment goes back to the lender. You would then need to take out a new lease and obtain new CNC machinery. (Which could allow you to obtain more modern and up to date equipment).

      Some lessors (lenders) may give you the option to extend the lease if you prefer to keep the machinery but do not wish to pay the residual. 

      Pros

      Advantages of leasing  CNC machinery

      • Pay a lower monthly sum
      • May pay a lower down payment
      • Could allow you to obtain better and more expensive equipment than a business loan
      • No added collateral required
      • May have the option to buy the equipment at contract end.
      Cons

      Disadvantages of leasing CNC machinery

      • May not own the equipment at contract end
      • There may be restrictions on the types of machinery you can lease

      What CNC machinery can I finance?

      CNC machine financing can be used to buy or lease almost any type of equipment that uses computer controlled technology to manage its operation. This includes:

      • Grinders
      • Lathes
      • Mills
      • Drills
      • Laser cutters
      • Routers
      • Plasma cutters
      • Electric discharge machines
      • 3D printers
      • Pick and Place machines

      Can I finance used CNC machinery?

      Yes, although some lenders may place restrictions on the types of used CNC machinery you can finance and may also set a limit on the number of operating hours the machine has worked.

      How to get CNC finance

      Terms and conditions for CNC financing are often complex and will vary from one lender to another. Sometimes, the differences between offers could add up to thousands of dollars over the life of the loan. It therefore makes sense to shop around before settling on a deal. You can do this by approaching banks, credit unions and online lenders one by one, or you can use the services of a loan marketplace that will immediately introduce you to a choice of CNC finance deals from a range of lenders. Some marketplace platforms can also give you advice and help you with the application process. This can be especially useful for borrowers who have never taken out a CNC machine loan before.

      What you’ll need to get CNC machine finance:

      Although every lender will have their own qualifying requirements, you’ll usually need the following to obtain a CNC machine loan:

      • Personal FICO credit score of +600
      • In business at least 6 months
      • +6 months revenues
      • Cashflow forecast
      • Business registration documents and any required licenses or permits
      • Bank statements – most recent 6 months 

      Depending on the type of loan you choose, you may also need to provide collateral with a value that is at least equal to the amount you wish to borrow. Collateral can be real estate, land, or other major assets. Lenders typically ask for this type of security when businesses have weak trading results or when the business owner or principal has poor personal credit.

      Get started with Swoop's business funding platform

      No matter if you’re seeking your first business loan or you’re a seasoned borrower, working with business finance experts can make all the difference when applying for funding. Contact Swoop to discuss your borrowing needs, get help with your application and to compare high-quality CNC machine financing from a choice of lenders. Give your manufacturing business the boost it deserves. Register with Swoop today.

      Written by

      Chris Godfrey

      Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Wells Fargo Bank, Visa, Experian, Ebay, Flywire, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of US consumer and business finance.

      Swoop promise

      At Swoop we want to make it easy for SMEs to understand the sometimes overwhelming world of business finance and insurance. Our goal is simple – to distill complex topics, unravel jargon, offer transparent and impartial information, and empower businesses to make smart financial decisions with confidence.

      Find out more about Swoop’s editorial principles by reading our editorial policy.

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      Disclaimer: Swoop Finance Ltd (Swoop) helps US firms access business finance, working directly with businesses and their trusted advisors. We are a credit broker and do not provide loans or other finance products ourselves. All finance and quotes are subject to status and income. Applicants must be aged 18 and over and terms and conditions apply. Guarantees and Indemnities may be required. Swoop can introduce applicants to a number of providers based on the applicants’ circumstances and creditworthiness. Swoop may receive a commission or finder’s fee for effecting such introductions. If you feel you have a complaint, please read our complaints section highlighted above and also contained within our terms and conditions.
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