Becoming 3D, provider of 3D printing design-to-manufacturing solutions including 3D printers, print materials and supplies for both professionals and consumers, has now formed a pair of strategic partnerships with leasing corporations GreatAmerica Financial Services and Ascentium Capital to provide leasing and purchase options for high-end 3D printing equipment.
The groups say financing or leasing expensive 3D printers will allow businesses and individuals to acquire better machines than they might otherwise be able to afford.
Grant Sadowski and Matt Craine, the co-founders of Becoming 3D, say it was their undertstanding that established companies lease equipment to keep bank credit lines open and capital available that led them to forming these partnerships.
“After evaluating the partners available in the market we are proud to have selected GreatAmerica Financial Services and Ascentium Capital,” says Sadowski, the CEO of Becoming 3D. “Both have sterling reputations and excel in providing affordable financing products, have rapid credit approvals, and are committed to long-term customer service. Our goal is to help speed the adoption of 3D printing into mainstream manufacturing markets and to the general public.”
Established companies generally lease equipment to keep bank credit lines open, whereas younger startups and home users often lease in order to conserve cash. Leasing can also serve businesses with state-of-the-art technology and help them avoid technological obsolescence issues.
The company says the Becoming 3D approval and leasing process can be completed in just hours following an application online. The leasing option provides Becoming 3D’s customers the capability to lease more sophisticated equipment — or obtain multiple machines — than they might otherwise opt for if they chose to make a direct purchase.
“Industry experts estimate that up to 70% of traditional manufacturing companies lease their equipment,” Sadowski says. “It only makes good business sense to bring that model to the world of 3D printing and additive manufacturing. Being able to offer the same finance options to home consumers as well is just good business sense.”
Becoming 3D offers sales and service for 3D printers from manufacturers such as envisionTEC, LulzBot, Airwolf 3D, Robo 3D, Matter and Form and Stratasys.
According to Becoming 3D, leases require no down payment; include all soft costs such as shipping, filament and service contracts which can be included in a monthly payment; can be customized to fit any budget and with payments lower than for conventionally financed deals and can include an option to buy at the end of the lease by simply paying a small buyout amount.
Have you ever considered leasing your 3D printers and accessories rather than making a direct purchase? Let us know in the Becoming 3D Lease Program forum thread on 3DPB.com.