At Concept Advanced Manufacturing Solutions, we’re often asked about equipment financing options — especially by customers looking to invest in advanced inspection technology while managing capital constraints. To answer those questions, longtime and trusted industry partner, Mark Charlton, President of Tech Financial Services, talked about creative financing for manufacturers.
A Legacy of Support in Manufacturing Finance
Tech Financial Services has been a cornerstone in equipment financing for two decades. They specialize in machine tools, inspection systems, and virtually anything in the manufacturing space — from metal cutting to coordinate measuring machines (CMMs).
“We help businesses get the latest and greatest capital equipment without draining their working capital,” Mark explained.
Why Consider Financing Your Equipment?
For many shops, especially small to mid-sized operations, capital outlays for inspection or production equipment can be a hurdle. Financing allows manufacturers to:
- Conserve working capital for materials, labor, and overhead
- Stay up-to-date with current technologies
- Turn capital investments into immediate productivity
Mark emphasized that unlike traditional banks, his team understands manufacturing equipment. That expertise translates to better terms, faster approvals, and simpler documentation — sometimes requiring only a one-page credit application.
Flexible Financing Options
Tech Financial offers a variety of financing structures tailored to the customer’s situation:
- Standard Equipment Loans (most common): Finance the machine as collateral — no blanket liens or complicated SBA paperwork.
- Leasing Options: Popular with large manufacturers looking to update equipment regularly without adding to their balance sheets.
- Transactional Lending: Focused on the asset, not the company’s entire financial picture.
“We’re a transactional lender. Once your machine is paid off, we hope you’ll come back when it’s time to grow again,” Mark said.
Family Business, Industry Values
Tech Financial is now a multigenerational company. Mark’s daughter and team members’ families are joining the ranks — bringing energy and continuity to the firm’s mission. It’s a family helping families — and businesses — thrive in manufacturing.
Looking Ahead in Financing Your Equipment?
Despite economic uncertainty, Mark sees opportunity. While some banks tighten credit, asset-based lenders like Tech Financial remain agile. He also noted reminded us of a key point:
“If the difference between making it and not making it is half a point in interest… you probably shouldn’t be buying the machine. But if the job’s there, you’ve got to get it done.”
Whether you’re considering new CMMs, laser scanners, or other inspection tools, partnering with a financing expert can be the key to staying competitive.
Need help financing your next piece of equipment?