Equipment financing
Manufacturers in Ann Arbor face equipment costs between $85,000 and $2.4 million depending on sector and automation level. Ironcrest Lending Group brokers manufacturing equipment financing in Ann Arbor that covers CNC mills, injection molding presses, food-grade processing lines, and automation systems without requiring full cash outlay. We match your production timeline to lender programs, explain every fee before application, and operate as a licensed broker at 5210 S State Rd, Ann Arbor, MI 48108.
Equipment financing
Ann Arbor's manufacturing corridor runs along State Street and Eisenhower Parkway, where companies produce automotive components, medical devices, and specialty food products. Manufacturing equipment loans address the capital intensity of precision tooling and compliance-grade machinery. Unlike general business loans, equipment-specific programs use the asset as collateral, which often results in lower documentation burdens and faster closings. The broker model means we shop multiple lenders simultaneously, so you see the full cost structure for each option before committing. Transparency matters when a single machining center ties up half your annual revenue.
Loan programs
Equipment financing covers 80-100% of invoice cost for CNC lathes, laser cutters, and packaging lines, with repayment terms that mirror the asset's useful life. SBA 7(a) loans work for manufacturers buying both equipment and real estate or refinancing existing debt alongside new machinery purchases. Working capital lines bridge the gap between raw-material orders and customer payment cycles, especially for job shops serving the automotive supply chain in nearby Ypsilanti and Superior Township. Food manufacturers in Scio Township often pair equipment finance with term loans to cover FDA-compliant facility upgrades. Invoice factoring provides same-week cash against outstanding receivables when a large OEM order strains liquidity.
Lenders evaluate manufacturing risk differently. Some favor businesses with long-term contracts, others prioritize equipment resale value, and a few specialize in food-grade or cleanroom assets. We submit your profile to the lenders whose underwriting criteria match your situation, then present every offer with itemized origination fees, documentation costs, and payment schedules. You compare the true cost of each option without visiting multiple banks. We also coordinate timing so funding arrives before your equipment supplier's delivery window closes, which matters when lead times for German or Japanese machinery stretch six months.
A precision machining shop near Dixboro needed a five-axis CNC mill to fulfill a contract with a Dexter-based automotive supplier. The $340,000 machine required a 15% deposit within two weeks. The owner had strong cash flow but limited liquidity after purchasing inventory for another project. We arranged an equipment loan covering 85% of the invoice, structured the deposit from a short-term working capital advance, and aligned the first payment to occur 60 days post-delivery when the contract's first milestone payment would arrive. Total broker cost and lender fees were disclosed in writing before any application was signed.
Every manufacturing equipment financing proposal we deliver includes the lender's origination fee, any third-party appraisal or inspection costs, filing fees for UCC liens, and the total interest paid over the loan term. We do not mark up rates. Our broker fee is a flat amount or percentage agreed in writing before we submit your file. If a lender charges prepayment penalties or requires annual equipment insurance riders, those appear in the term sheet we review together. You will know the all-in cost before you commit.
Serving the Ann Arbor area
We know which lenders fund which kinds of Ann Arbor businesses, and we position your file where it fits.
One local broker, many lenders, and no cost to apply.
Common questions
Talk to a local advisor and get matched to the right program, no obligation.
