Equipment Finance News

New leasing programs for 3D printers

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3d printer

Becoming 3D has launched vendor finance partnerships with two of the US’s leading leasing corporations, GreatAmerica Financial Services Corp and Ascentium Capital.

The aim of the partnerships is to offer affordable leasing options for purchasing high-end 3D printing equipment.

Becoming 3D is a leading provider of 3D printing design-to-manufacturing solutions including 3D printers, print materials and supplies for both professionals and consumers.

sadowski grant

Becoming 3D’s CEO Grant Sadowski (pictured above) said: “Financing or leasing expensive 3D printers allows businesses and individuals to acquire better machines than they could normally afford while preserving capital.

“After evaluating the partners available in the market we have selected GreatAmerica Financial Services and Ascentium Capital.  Both have sterling reputations and excel in providing affordable financing products, have rapid credit approvals, and are committed to long-term customer service.”

He added: “Our goal is to help speed the adoption of 3D printing into mainstream manufacturing markets and to the general public. Historically, established companies lease equipment to keep bank credit lines open for other purposes. Young, start-up companies and home users lease primarily to conserve cash – while businesses requiring state of the art technology lease equipment to avoid technological obsolescence and to preserve the ability to upgrade.

Sadowski stressed that the Becoming 3D approval and leasing process can be completed in just a matter of hours after an applicant has initiated the process online at their website.

“Leasing,” he said, “gives Becoming 3D customers the ability to lease more sophisticated equipment or obtain multiple machines they otherwise would be unable to afford with a direct purchase.

“Industry experts estimate that up to 70% of traditional manufacturing companies lease their equipment. It only makes good business sense to bring that model to the world of 3D printing and additive manufacturing. Further, being able to offer the same finance options to home consumers as well is just good business sense.”

GreatAmerica is a national US commercial equipment finance company helping manufacturers, vendors, and dealers be more successful and keep their customers for a lifetime. It has a staff of over 400 employees with offices in Georgia, Minnesota, and Missouri.

Ascentium Capital delivers innovative equipment finance solutions through a unique finance platform combined with an exceptional service offering that makes access to capital quick and easy. Its finance programs benefit manufacturers, distributors, resellers, franchise organizations as well as direct financing options for small, mid-sized and Fortune 500 companies across the US.