Borers are bought to machine things nothing else in the shop can hold, and the install bill is often the part nobody budgeted for.
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Yes. Horizontal boring machines are funded as hard assets, normally on hire purchase, and good used borers are fundable — these machines have long working lives and an established dealer trade. The thing that catches buyers out is everything that is not the machine. Foundations, floor plates, crane provision, power supply upgrades and rigging can add a great deal to the project, and funders generally treat civils and site works as outside the advance because they cannot repossess a concrete pit. Establish what is fundable before you sign for the groundworks.
Used kit: Yes — used borers fund well and can be decades old where they are in good order, with CNC examples judged on control support rather than age.
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Business asset finance is quoted on a flat rate, so that is what this shows — with the equivalent APR underneath, because the two are not the same number. A quick guide only; your actual rate depends on the asset, term, deposit and lender.
Representative example: on Hire Purchase, borrowing £25,000 over 48 months at a 6.0% flat rate (equivalent to 11.5% APR representative), you would repay around £646 a month; total amount repayable approximately £31,000, of which £6,000 is the cost of finance. This calculator is for illustration only — it is not a quote or an offer of finance, and the rate and repayments you are offered will depend on the asset, term, deposit and your circumstances. CW Asset Finance is a credit broker, not a lender, and may receive a commission from the lender that funds your agreement. All finance is subject to status, affordability and lender approval. CW Asset Finance is an Appointed Representative of Rural Finance Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 630701).
Underwriters see borers as durable, long-life security, which counts in their favour, but they also know the machines are enormous. The cost and difficulty of removing one from a building is factored into how much they will advance, and a machine sitting in a leased unit raises questions about landlord access on default. Control generation and continuing support decide the value on CNC borers far more than the year of build, because a large machine on an unsupported control has a very thin market. Boring bars, facing heads and rotary tables are treated as soft costs. Heavy engineering demand follows energy, defence and infrastructure cycles, so funders will read the order book. Declines cluster where a young company takes on a very large machine that dwarfs its balance sheet.
Examples of the machines we are asked to fund. This is not an exhaustive list — if what you are buying is not here, it does not mean we cannot fund it. Your supplier quote is what the agreement is written against.
| Machine | What it is |
|---|---|
| Union horizontal borers | Table type borers for large fabricated parts |
| Soraluce FR floor borer | Floor type borer for heavy components |
| Soraluce TA travelling column machines | Column borers for long workpieces |
| TOS Varnsdorf WHN 13 CNC | Horizontal boring machine for general engineering |
| TOS Varnsdorf WRD 150 | Ram type borer for heavy machining |
| Kuraki KBT-11 DA | Table borer for accurate hole work |
| Toshiba BTD-200 | Horizontal borer for large precision parts |
| Juaristi TS series | Travelling column borers for fabrication shops |
| Climax portable line borers | On site boring kits for plant repair |
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Heavy engineering, fabrication and repair businesses machining large weldments, castings, gearcases, pump and valve bodies, or press and rolling mill components. Often a firm that has been subcontracting its large boring work out for years and is losing control of lead times. Also bought by plant and machinery repairers who need to reclaim and line-bore worn housings rather than replace them.
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Bought on hire purchase, business plant and machinery normally qualifies for capital allowances on the full cost even though you pay for it monthly, which is a large part of why hire purchase is the common structure. On a finance lease you generally set the rentals against profit instead. The rules change between budgets and your position depends on how you trade, so treat this as the direction of travel and get your accountant to confirm the detail before you commit.
Usually not. Concrete, pits, floor plates and structural work become part of the building, and a funder cannot recover them, so they sit outside the advance. Occasionally a funder will allow a limited installation allowance within the overall facility. Treat the civils as a cash cost when you build the project budget and you will not be caught out.
It can. A funder financing a very large machine into a rented building may ask about the lease term and sometimes wants a landlord waiver confirming they can access and remove the machine. It is a routine document. Raising it early avoids a delay at the end when everyone is waiting on a signature from a property agent.
Often yes. These machines were built to last and a well-maintained manual borer of that vintage can still be commercially useful and saleable. The funder will judge wear, spindle condition and what a dealer would pay rather than the date on the plate. CNC borers of that age are harder, because the control is likely unsupported.
Yes, and it is a different proposition entirely — smaller, mobile and attractive because it can be redeployed anywhere. Funders are comfortable with it, subject to the usual minimum deal sizes. Being portable also means funders may ask how it is secured and insured, since it travels to customer sites rather than staying in one building.
They will pay an overseas supplier, but they want the transaction clean: a proper invoice, clarity on currency and who bears exchange risk, and an understanding of duty, VAT and shipping. Those costs usually fall outside the advance. Dismantling and transport from a foreign site is treated as a service, not an asset, so plan to fund it yourself.
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Not an offer of finance. All finance is subject to status, affordability and lender approval.
Tell us what you’re looking to fund and Conor will come back to you personally — usually the same day.
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