For a Canadian fabrication shop preparing a CNC machine financing request, prepare a dated supplier quote, a budget for putting the machine into service and a short explanation of the work it will do. Give the lender the quote revision and the amount you want reviewed. Keep a separate figure for cash your shop expects to pay before the first production job.
Download the equipment financing preparation worksheet (CSV)
Get a quote the lender can identify
Ask for the buyer’s legal business name, installation address, machine model, selected options, currency, quote expiry and payment milestones on one document. Keep the supplier’s quote number on every revision. If tooling or site work comes from another supplier, attach its estimate and identify who will pay it.
| Machine | Ask the supplier to itemize | Get a separate site estimate for |
|---|---|---|
| Sheet fiber laser | Machine model and power, cutting area, material handling, extraction, cooling, software and start-up consumables. Mark each item included or optional. | Unloading route, electrical connection, assist-gas supply and any ductwork assigned to the shop. |
| CNC press brake | Machine configuration, punches and dies for the planned parts, clamping, backgauge, sheet supports, training and commissioning. | Rigging, access, floor or foundation requirements and electrical work for the selected machine. |
For example, a brake quote might include the machine and delivery while the tooling supplier quotes the dies separately. Both figures belong in the project budget. Ask the lender to identify which invoices it will consider and when each supplier can be paid. A deposit due when dies are ordered can create a cash requirement before the brake arrives.
Use the fiber laser cost guide or the press brake cost guide to prepare equipment questions for Rise Tek.
Separate project cost, financing requested and cash due
Build the budget in one currency. For each line record the quoted amount, tax as shown, supplier, due date and currency. If a quote is in another currency, date your conversion assumption and ask who carries exchange-rate changes. Mark allowances as estimates until the supplier confirms them.
- Total project cost. Add the machine, selected options, third-party work, freight and applicable taxes once. Check whether freight or commissioning already appears in the machine price.
- Amount requested. Mark each cost you want the lender to review. Record the lender’s written decision beside it, including any limits or conditions.
- Cash due by milestone. List the deposit, amounts due before shipment, delivery expenses and later payments. Record which payments come from the shop and which the lender expects to fund. Count an applied deposit once against the purchase price.
Prepare the business case and documents
Explain what the machine will change in your shop. A laser purchase might bring outsourced blanks in-house. A press brake might add capacity for a recurring enclosure order. Show the work behind the estimate using recent outsourcing invoices, planned part volumes or order history. Allow for installation, training and the time needed to reach the planned workload. Identify assumptions your lender should review.
BDC’s equipment financing guidance identifies a supplier quote and business financial information as common starting points. Ask your chosen lender which financial statements, interim results, cash-flow forecast or other documents it requires for your application. Send private financial records through the lender’s designated secure channel. Rise Tek’s initial machinery enquiry needs the project and contact details. BDC’s equipment financing guide
Compare the written offers on the same machine package
Put the quote revision at the top of each offer. Compare the financed amount, deposit, term, payment frequency, rate basis, fees, security and insurance requirements. Ask when payments begin, what triggers supplier funding, and how early payout is calculated. For a lease, identify the end-of-term purchase price or return conditions and any notice deadline. Ask your accountant how the proposed agreement applies to your business.
A smaller monthly payment can reflect a longer term, a larger deposit or an amount still due at the end. To compare offers, write down the upfront cash, the scheduled payments and the end-of-term cash required for the outcome you want. Mark any variable payments or unknown costs so a provisional total stays identifiable.
Check these out
MiniS sheet fiber laser
Specify the sheet sizes, material mix and handling requirements you want covered in the equipment quote.
Explore MiniS →
HACO FlexBend press brake
Send representative drawings and ask for the machine, tooling and commissioning scope as separate line items.
Explore FlexBend →Start a financing enquiry
Send Rise Tek your machine choice, business location, intended delivery date and required options. Ask for an itemized quote and a financing introduction. The lender reviews the application and provides the eligible amount, pricing, timing and conditions in writing. Explore Rise Tek equipment financing.
Frequently asked questions
Can installation and freight be included in CNC machine financing?
Ask the lender to review the actual freight, rigging and installation invoices or estimates. Record the approved items, who pays each supplier and when funds can be released.
What should a shop prepare for its first enquiry?
Give Rise Tek the machine configuration, business location, delivery target and required options. Ask the lender separately for its document list and secure submission instructions.
When should we pay the machine deposit?
Confirm the supplier’s deposit deadline and ask the lender in writing how a deposit affects funding or reimbursement before committing funds. Keep the receipt with the quote revision.