NuTek Machinery partners with established equipment leasing and lending specialists to help you acquire the machinery you need on terms that work for your operation. Apply directly through our partners, or call us to discuss your options.
Quality industrial woodworking machinery is a long-term asset — and most shops finance these purchases rather than paying cash up front. Our financing partners specialize in capital equipment for the woodworking and manufacturing industries, so they understand what they're funding and how it produces returns. Combined with potential Section 179 tax deductions, financing can make a major equipment purchase substantially more attainable than it first appears.
We work with two established financing specialists. You can apply directly through either — or call NuTek and we'll help you decide which option fits your situation.
"The Path of Leased Resistance"
Equipment leasing specialists with experience in industrial machinery. Leasing preserves capital and may offer tax advantages compared to outright purchase — particularly relevant for shops expanding or upgrading production capacity.
"We get the job done!"
FDIC-insured national bank with a dedicated equipment finance division. Stearns Bank offers traditional equipment loans alongside leasing options, with a co-branded NuTek application portal for faster processing.
Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment in the year it's placed in service — rather than depreciating it over several years. For capital equipment purchases like industrial woodworking machinery, the deduction can substantially reduce your taxable income and the real after-tax cost of the equipment.
All machinery sold by NuTek qualifies for Section 179 treatment. The official Section179.org website has a calculator that estimates your tax savings based on equipment cost and your tax bracket.
NuTek Machinery is not a tax advisor. Consult your accountant or tax professional regarding eligibility, deduction limits, and how Section 179 applies to your specific business situation.
There's no single right path — what works depends on your purchase size, your banking relationships, and your timeline.
Already know whether you want a lease or a loan? Apply online through Sunbelt Lessors or Stearns Bank above. Both offer quick approval processes.
Not sure which option fits your situation? Call (216) 904-0215 and we'll walk through the differences between leasing and traditional financing.
Before deciding, use the Section 179 calculator to see what tax benefits would apply. The after-tax cost is often substantially lower than the sticker price.