3D Print Finance
Funding the future of manufacture
- Spread the cost of any equipment
- Purchase or lease
- Maintenance and support
- Solutions for specialised assets
- Reduce overall costs
- Preferential rates
- Monthly payments match cashflow
- Ideal for startups
- Cost-effective way to raise funds
- Competitive rates from 6%
- Repay over up to 60 months
- No interruption to your use of the asset
Talk to Rangewell – the business finance experts3D printing now offers more than simply rapid prototyping. It offers a completely new manufacturing technology. At Rangewell, we know the lenders who can provide the finance you need to adopt 3D printing for your business.
3D printers turn a digital model into a physical three-dimensional object by adding material a layer at a time. It is an entirely new technology that is starting to revolutionise traditional manufacturing. Rangewell can provide the funding to embrace 3D manufacturing.
3D printing, or Additive Manufacturing, is a fundamentally new way of producing components in ceramics, plastics and metal alloys.
Desktop printers melt plastic feedstock and lay it down onto the print platform through a nozzle like a high-precision glue gun. Ceramic machines work in a similar way, but may be much larger. Large industrial SLS machines use a laser to melt (or sinter) thin layers of metal or plastic powders.
3D printing is a rapidly developing technology. It is relatively slow compared with most traditional subtractive manufacturing, but it does make it possible to create designs which would be impossible by any other methods such as casting or machining.
3D printing allows fabrication of complex shapes and internal structures which cannot be produced by any other manufacturing method.
It is, therefore, currently suited to areas such as jewellery, aerospace and automotive applications where the relatively high cost is less important than precision and light-weight - but with costs falling with each new generation, 3D printing is constantly finding new applications, and being adopted by more businesses.
In many applications such as prototyping, where time may be critical, 3D printing already has clear cost advantages.
The cost of a 3D printed part depends only on design time, the amount of material used, the time taken to print it and any post-processing required. Every item can be customised to meet a particular specification without impacting the manufacturing costs. 3D printing is already the best option for a single or short-run part which needs a quick turnaround - and for producing parts with intricate geometry that cannot be created in any other way.
The costs of 3D Print Equipment
Making efficient use of 3D printing will require more than simply buying in a machine. When you are setting up a 3D print operation the basic tool will also require a range of ancillaries, from final machining and finishing systems to material handling solutions - but the most important adjunct to 3D print will be a design office ready to deliver the specialised design skills required.
Putting the latest 3D print solutions within reach
A business loan could provide a simple way to spread the cost of any 3D printing manufacturing solution.
Unsecured business loans operate much like a personal loan and can be arranged quickly - inside a working day with some lenders. They are suitable for smaller sums and repaid in monthly or quarterly instalments over an agreed term under 5 years.
However, Asset Finance may be able to offer a more appropriate solution - and reduce your costs.
Asset Finance is essentially a type of finance secured on the asset itself. If you were unable to make the repayments the lender would simply repossess it. This reduces the risk to the lender, and so can reduce your monthly repayments. It could allow you to have the latest 3D print equipment working in your business for the lowest initial cost.
There are two main types of Asset Finance
Hire Purchase - or HP - lets you acquire equipment with a single deposit payment. It then lets you spread the remaining costs in regular monthly instalments over up to 5 years. At the end of this term, you own the asset outright - making Hire Purchase ideal for equipment which has a high cost and a relatively long life. However, Leasing may be more suitable. Leasing works much like a rental agreement. The finance provider will acquire the 3D printer or other equipment for you, and let you rent it from them.
It has an important advantage in a fast-moving field such as 3D Printing - at the end of a lease you are not landed with obsolete equipment, and simply replace your 3D print system with the latest model.
Refinancing Existing Assets - letting you use your investment again
You may find that your existing equipment represents the largest investment in your business.
Asset Refinance can let you use that investment again - while still retaining full use of your equipment
It works by letting you finance the equipment you already own to release cash. So with Asset Refinance, the finance company will buy the asset from you for an agreed cost based on its current market value, providing you with the cash sum you need. They will then let you buy or lease the asset back from them, under a new finance arrangement.
Your business can carry on using the asset just as you do now, and at the end of the agreement, it can become your property again.
REAL EXAMPLES OF WHAT WE CAN DO
Help a subcontractor for the automotive industry finance a new prototyping system
Fund a rapid wax printing system for a manufacturing jeweller
Find the most competitive funding for a plastics manufacturing company to adopt 3D Print
Source funding to let a prosthesis manufacturer adopt 3D print for complete sizing freedom
Create a leasing solution to provide a complete 3D line for an automotive parts supplier
The help you need from Rangewell
Getting the most competitive funding for your needs is essential.
At Rangewell, we know lenders that offer the most attractive funding solutions. But we don’t stop there. We will work with you to understand your business plans, and use our expertise to help find the funding that meets your needs. We can provide solutions such as low start finance, payment holidays, and funding for businesses with less than perfect credit ratings.
Whether you are a sole trader with a small workshop or a large-scale manufacturer, simply call us to get the Rangewell team working for you - and the funding you need to start making the most of 3D printing.
Meet real business owners we have helped fund 3D print equipment
Helping you build your profits
Reduce or eliminate capital costsSome types of funding remove the need for upfront capital expenditure altogether.
Repayments that work with your operating budgetSpread the cost of your equipment over months or years.
Any scale of equipmentWe can fund any scale of machine, from desktop plastic printer to large-scale metal sintering installations.
Reducing your riskIf you found the repayments on equipment became a problem, the lender could simply repossess the equipment.
Lease cutting-edge equipmentLeasing to let you update technical equipment whenever you need to which means you can always work with the latest and most efficient technology possible.
Use your existing investments againRefinancing your existing assets can provide a cost-effective source of funding - like having your existing investment to use again.
If you are seriously looking at 3D print equipment finance you need to see the full picture
How does 3D printing equipment finance work?
What are your options for financing 3D print equipment?
How can I apply for finance for 3D print equipment?
What are the costs of financing 3D print equipment for my business?
What are the restrictions of business finance for 3D equipment?
What paperwork do I need to provide with my business finance application?
What key terms do I need to check when applying for finance for my 3D print equipment?
Download the free e-book to see your options for financing 3D print equipment for your business
Equipment finance may count as debtLenders may view long-term equipment finance as debt and adjust their valuation of your business, reducing your ability to call on other types of finance.
Your key equipment could be at riskIf you are unable to keep up repayments on an asset finance agreement, the equipment your business depends on could be at risk.
Getting maintenance and repair as part of your lease may be requiredLease arrangements may include maintenance and repair. If these are the responsibility of the leasing company you need to ensure they have the necessary resources to support your equipment.
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