Machine tool is any stationary power-driven machine that is used to shape or form parts made of metal or other materials. Machine tools that form parts by removing metal chips from a work piece include lathes, shapers and planers, drilling machines, milling machines, grinders, and power saws.
Special-purpose machine tools are designed to perform special machining operations, usually for production purposes. They are also called work machine, this machines manufacture various machines that are used for processing equipment.
Machine Tool Financing is a credit facility that helps you borrow funds or loans to buy, lease, repair or upgrade machinery. It is a type business loan that enables you to improve your productivity and efficiency without compromising your capital. It allows your business to acquire all the machinery it needs without spending upfront working capital.
Machine Tool loans are equipment financing agreements that enable businesses to purchase equipment or software, finance up to 100% of the cost of acquisition and repay the cost over time. As owner of the equipment, a business can realize the benefits of depreciation and interest expense deductions for tax purposes.
Machinery finance otherwise known as equipment or asset finance, allows you to fund the plant or machinery that your business requires. It option you in getting new equipment’s and paying for in small manageable payment.
You can use this finance if you decide to grow your business and need to cover the cost of new technologies or equipment that will help you scale upwards. Alternatively, you can use machine finance to take care of any machinery default repairs or replacements.
Machine Tools That Can Be Financed
- Manufacturing machinery
- Specialist assets
- Cars and trucks
- Office machinery and supplies
- Construction machinery and equipment
- Agricultural machinery
- Machinery handling equipment
- Technology
- Medical and scientific equipment
Types of Machine Tools
Turning machines
The engine lathe, as the horizontal metal-turning machine is commonly called, is the most important of all the machine tools. It is usually considered the father of all other machine tools because many of its fundamental mechanical elements are incorporated into the design of other machine tools.
The engine lathe is a basic machine tool that can be used for a variety of turning, facing, and drilling operations. It uses a single-point cutting tool for turning and boring. Turning operations involve cutting excess metal, in the form of chips, from the external diameter of a work piece and include turning straight or tapered cylindrical shapes, grooves, shoulders, and screw threads and facing flat surfaces on the ends of cylindrical parts.
Shapers and Planers
Shaping and planning operations involve the machining of flat surfaces, grooves, shoulders, T-slots, and angular surfaces with single-point tools. The largest shapers have a 36-inch cutting stroke and can machine parts up to 36 inches long. The cutting tool on the shaper oscillates, cutting on the forward stroke, with the work piece feeding automatically toward the tool during each return stroke.
Planning machines perform the same operations as shapers but can machine longer work pieces. Some planers can machine parts up to 50 feet long.
Drilling machines
Drilling machines, also called drill presses, cut holes in metal with a twist drill. They also use a variety of other cutting tools to perform the following basic hole-machining operations: (1) reaming, (2) boring, (3) counter boring, (4) countersinking, and (5) tapping internal threads with the use of a tapping attachment.
Milling machines
A milling machine cuts metal as the work piece is fed against a rotating cutting tool called a milling cutter. Cutters of many shapes and sizes are available for a wide variety of milling operations. Milling machines cut flat surfaces, grooves, shoulders, inclined surfaces, dovetails, and T-slots. Various form-tooth cutters are used for cutting concave forms and convex grooves, for rounding corners, and for cutting gear teeth.
Apply For a Machine Tool Loan For your Business
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