Krones
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Mehmi Financial Group helps businesses finance and lease Krones equipment, including manufacturing equipment, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used Krones units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About Krones
Krones supplies lines for beverage and food producers, from process technology and filling to packaging machines and IT. It was founded in 1951 by Hermann Kronseder in Germany, according to its company profile.
Krones equipment
Krones filling and packaging lines are used by breweries, beverage bottlers and food manufacturers.
How lenders view this equipment
Filling lines are large projects with installation and commissioning. Lenders review the project cost, the business's financials and supply contracts.
Financing Krones equipment
Projects can sometimes be funded in stages during installation. Used lines are financed on condition and an appraisal.
How Krones equipment financing works
Most Krones purchases are financed with an equipment loan or a lease. A loan gives you ownership from day one, with the lender registering a security interest (PPSA in Canada, UCC in the USA). A lease keeps title with the lessor and can lower the monthly payment, with a buyout, renewal or return option at the end.
What lenders check on a Krones manufacturing equipment
Lenders look at the machine type, installation and tooling costs, and the contracts or production the equipment supports. Soft costs such as rigging and installation may be included, subject to lender approval.
Expect to provide a credit application, recent business bank statements, the dealer quote or bill of sale with serial number and age and usage, and financial statements or tax returns for larger amounts.
See the full list of eligible equipment, compare equipment financing options, or estimate payments with the equipment financing calculator.
All Krones models with financing pages
| Model | Type | Category |
|---|---|---|
| Krones | Equipment | Manufacturing |
| Krones Bottling Line | Equipment | Manufacturing |
Tax treatment of Krones equipment
In Canada, machinery used to manufacture or process goods has its own CCA classes (Class 43 and Class 53), and which one applies depends on the asset and purchase date. Confirm the class with your accountant. With a loan, you generally claim capital cost allowance and deduct interest. With a true operating lease, lease payments are generally deductible instead. See the CRA classes of depreciable property. In the USA, Section 179 and bonus depreciation may apply; see IRS Publication 946. Always confirm with your accountant.
End-of-term options on a Krones lease
A $1 buyout lease is built for ownership: you keep the machine for a nominal amount at the end. A fair market value lease usually has a lower payment, and at the end you can buy the equipment at its market value, return it or upgrade. Read the return conditions, such as hour limits and wear standards, before you sign.
Who finances Krones equipment
Manufacturing: fabricators, machine shops, plastics and packaging manufacturers, food processors and contract manufacturers finance Krones equipment to take on new work, replace aging units or add capacity.
The right structure depends on how the equipment earns money. A machine tied to a long contract can support a longer term, while seasonal work may call for skip or seasonal payments that some lenders offer.
Questions to ask the dealer or seller before you finance
- What is the exact model year, serial number and age and usage?
- Is there a service history or recent inspection report?
- Is any warranty or extended coverage included, and does it transfer?
- Are attachments, delivery, installation and taxes itemized on the quote?
- For a private sale, is the equipment free of liens, and who will provide the bill of sale?
Insurance on financed Krones equipment
Lenders and lessors require the equipment to be insured for its replacement or financed value, with the lender named as loss payee, before funding. Some also ask for liability coverage. Getting an insurance quote early avoids last-minute delays.
Frequently asked questions
Can a brewery finance a Krones filling line?
Yes. Lenders review the project and the brewery's financials.
When was Krones founded?
In 1951 by Hermann Kronseder.
Can installation be included?
Some lenders finance full projects.
Can funding be staged during installation?
Some lenders offer progress payments.
Can I finance used bottling equipment?
Yes, with an appraisal.
Do supply contracts help?
Yes. They strengthen the application.
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