How To Finance Heavy Equipment For US Manufacturing Operations

How To Finance Heavy Equipment For US Manufacturing Operations

By Eric Freeman, Vice President, Summit Funding Group

In today’s market, nearly every aspect of acquiring new equipment is financeable, from the equipment itself, to installation costs, to freight. Here’s how to do it right.

Onshoring has become a major trend in the United States. U.S.-based companies are increasingly pulling their overseas manufacturing efforts and setting up shop in the States. In fact, since 2010, more than 200 companies, most of which are U.S.-based, have brought back production that had been sent out of the country. In addition, foreign companies are increasingly bringing their manufacturing jobs to the United States. According to the Organization for International Investment (OFII), foreign investment in U.S. manufacturing totaled $493 billion from 2007 through 2012, as opposed to a total of $270 billion the previous six years.

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