There are numerous funding sources for used machinery. Typically, when I hear the term "Machinery," I think of production equipment that is lower technology. Not only do lenders exist for this type of equipment, but there is a "subprime" market for those who are starting up or want to use the equipment for working capital.
We have the ability to finance used machinery for both purchase-leaseback as well as for new purchases. I'd be more than happy to discuss any opportunities to see if it is a good fit. feel free to contact me at sting@celticleasing.com.
Scott Capital Group funds used equipment depending on what it is, how old, applications for the equipment and the credit of the client. We will only look at used equipment with a capital price that exceeds $500,000 in Canada or the USA.
I can be contacted at garett.eggink@scottcapital.com