Financing
Configure and Finance Your NTM Machine
How it works:
- Submit your credit application, even if your quote isn’t finalized.
- Receive approval details within 4-8 business hours.
- Finalize your equipment purchase.
- Maintain contact with your NTM sales rep to purchase the equipment that will fuel your business growth.
**Final approval is subject to credit assessment, underwriting, equipment and vendor approval, and may be subject to additional documentation as required. Financing amounts, options, terms, and rates may vary depending on the applicant’s and the business’s creditworthiness and other factors. Terms and conditions apply.
Customer FAQ:
- Is Corbel a lender?
- Corbel is not a lender. We are a technology company that partners with equipment vendors and top-tier equipment finance providers to maximize your chances of getting approved and at the best rate possible. Corbel is partnered with some of the industry’s best lenders.
- What are the financing terms and rates?
- Once approved, you can choose a payment plan over 36, 48 or 60 months. Rates vary from 8-36% APR, as determined by the underlying personal and commercial credit of each application.
- What type of financing or leasing options do you offer?
- We offer a variety of financing and leasing structures, including Equipment Financing Agreements (EFAs) and Fair Market Value (FMV) leases. Our Customer Success team will work closely with you to identify the best structure for your business.
- What type of businesses do you support?
- We support most commercial buyers, ranging from small to mid-size businesses, as well as sole proprietors (i.e., those running a business out of their home with no formal business entity).
- Do I need to have a final invoice or purchase agreement before submitting my application?
- No, you are welcome to apply at any point in the sale process. A final invoice can be supplied after you receive your approval.
- Will applying hurt my credit?
- Our financing partners use a soft inquiry which means applying will not impact your personal credit score.
Section 179:
Take advantage of year-end tax savings and pay for your equipment over time.
- Reduce your taxable income. Receive up to 30% of the equipment purchase price in substantial tax savings.
- Invest in valuable equipment. Purchase capital equipment that will fuel your business growth in the year ahead.
- Optimize your cash flow. Lower your out-of-pocket expenses with easy monthly payments while receiving all of the tax benefits today.
The Section 179 tax deduction allows businesses to deduct up to $1,220,000 of eligible equipment purchases from their taxable income for the current tax year. This deduction applies to qualifying equipment that is purchased, financed, or leased and put into use by December 31st of the same year. Not all equipment qualifies under Section 179, and the deduction limits may vary based on your specific tax situation, including total equipment purchases and business income. We recommend consulting with a tax professional to determine eligibility and to understand how Section 179 may apply to your business.
Please note: New Tech Machinery (NTM) does not provide in-house financing but does work with various finance and leasing companies. First National Bank is NTM’s preferred lender. However, New Tech Machinery is not affiliated with any bank or financing company.
Many banks offer financing through loans, leasing, or have other plans available. Check with the lending agent to find out what fits your situation best.
Financing agreements are between the purchaser and the lender. NTM plays no role in financing your machine. We recommend reading the paperwork thoroughly and referring to your loan agent for questions you may have on how interest rates work, the terms of the lease or loan, etc.
To apply for financing from First National Bank, NTM’s recommended partner, click on the logo:
To learn more about loans, leasing, and financing options, click here.
To learn about the Section 179 tax deduction, click here.
For more information on F.N.B. equipment financing programs, click here.
For other third-party options, contact the companies by clicking the logos below:
Click Here For The Calculator!
