Drexel Metals recognizes the importance of securing high-quality financing to support your business growth. That’s why we’ve partnered with industry-leading providers who specialize in offering flexible, accessible financing solutions for businesses of all sizes.
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 Drexel Metals 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. Apply for Financing
Corbel is not a lender. They 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.
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.
Corbel offers a variety of financing and leasing structures, including Equipment Financing Agreements (EFAs) and Fair Market Value (FMV) leases. Their Customer Success team will work closely with you to identify the best structure for your business.
Corbel supports 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).
No, you are welcome to apply at any point in the sale process. A final invoice can be supplied after you receive your approval.
Corbel’s financing partners use a soft inquiry which means applying will not impact your personal credit score.
Maximize your year-end tax advantages while spreading out the cost of your equipment. Lower your taxable income. Potentially realize tax savings of up to 30% of your equipment purchase price. Invest in your business. Acquire capital equipment that supports and accelerates growth in the coming year. Improve cash flow. Minimize upfront costs with manageable monthly payments, while still benefiting from immediate tax advantages. The Section 179 deduction enables businesses to write off up to $1,220,000 in qualifying equipment purchases from their taxable income for the current tax year. Eligible equipment may be purchased, financed, or leased, as long as it is placed into service by December 31 of that same year. Keep in mind that not all equipment qualifies, and deduction limits can vary depending on factors such as total purchases and overall business income. It’s best to consult with a tax professional to confirm eligibility and understand how Section 179 applies to your specific situation.
Drexel Metals does not offer direct financing, but partners with a variety of financing and leasing providers. Although we have preferred partners, Drexel Metals is not affiliated with any bank or financing institution. Many financial institutions provide options such as loans, leases, and other financing programs. Be sure to speak with your lender to determine the best fit for your needs. All financing agreements are strictly between the purchaser and the lender. Drexel Metals is not involved in the financing process. We strongly encourage you to review all documentation carefully and consult your lending representative with any questions regarding interest rates, loan or lease terms, and other details.
