How Financing Equipment can Help Screen Printers Do More  |

You know the struggle: your conveyor dryer breaks down, and without it, you can’t run at the volume you need in order to meet deadlines. You need a new conveyor dryer, but that’s a few thousand dollars that you don’t have in your pocket at the moment. How are you going to pay for a new conveyor?

Good news: there’s an answer to this problem. Queue financing. The term may sound scary, but financing provides a great opportunity to pay off expensive equipment slowly, in manageable installments. With a couple of financing options, you can pay how you like. Let’s talk about how financing through works, what your options are, and how to do it.

100 dollar bills stacked against each other


Financing equipment can allow printers to invest in their shop without sinking their savings in as well. With monthly payments and low-APR options, this is a great option. Here are a few key reasons print shops should consider financing equipment.

Preserving Capital: Leasing or financing equipment helps preserve capital by spreading the cost over a period of time. Instead of making a large upfront payment, businesses can allocate their financial resources to other critical areas like marketing, hiring, research, or expanding operations.

Cash Flow Management: Equipment leasing or financing provides predictable and manageable payment terms, typically structured as regular installments. This allows businesses to budget and forecast cash flow more effectively, as they know the exact amount they need to pay each period. It helps avoid sudden cash flow constraints that can arise from large upfront equipment purchases.

Flexible Options: Agreements often offer flexibility in terms of duration and end-of-term choices. Businesses can choose lease terms that align with their specific needs, such as short-term leases for temporary projects or long-term leases for core equipment. At the end of the lease term, there may be options to renew the lease, upgrade to newer equipment, purchase the equipment, or return it.

Tax Benefits: Lease payments are often considered operational expenses and may be tax-deductible in many jurisdictions. This can provide potential tax benefits to businesses, reducing their overall tax liability.


It's important to note that the specific terms and benefits of leasing or financing equipment may vary depending on the agreements and providers involved. It's advisable for businesses to carefully evaluate their needs, financial situation, and the terms of the lease or financing agreement before making a decision.


a person holds a calculator at a desk


In today’s day and age, financing equipment is not only available to established businesses but also directly to consumers. Here’s a couple of options: 


There are several platforms that offer microfinancing loans that can help break up payments over flexible terms and options, some as low as 0% interest. Shop Pay is one of the leading options in this category. Shop Pay installments are a fantastic option that allows printers to split their purchase into four bi-weekly, interest-free installment payments. 

For products $50-$999, printers can choose from 4 bi-weekly installments with no interest. For products from $150-$17,500 USD, monthly installments can be paid with competitive APR in payments of three, six or twelve months. Shop Pay Installments is a great option for printers without a business license. 


CIT financing offers small business equipment loans as fast as one day to help you secure the assets that will enable your business to expand. According to First Citizen’s Bank, “CIT offers flexible term lengths and repayment options to meet your business’s specific needs, and provides dedicated customer service to ensure you have a remarkable financing experience.” Pay your equipment off monthly and invest in all the quality upgrades your shop needs. 

Products and packages of over $5,000 USD, with competitive APR and a loan limit of 12 months. Shops with Business Licenses will benefit from using CIT to finance packages and shop upgrades. 


two hands hold paper cutouts, one of a lightbulb and the other a bag of money


Note: Always consult with a financial advisor to understand the specifics of any financing agreement.

Alright, we’ve talked about both options. Now, let’s dive in to the practical aspect; how do you finance equipment? 


Shop Pay is a super-simple interface that allows customers without business licenses to finance equipment. Here’s how to use it:

  1. Fill your cart, then choose Shop Pay at checkout.
  2. Choose to pay in installments and tap Continue.
  3. Select the installments option that best suits you.
  4. Choose a debit or credit card to use for payment, then tap Continue.
  5. Follow the steps to verify your identity—this usually takes just a few moments.
  6. If you agree to the terms, click Agree, then tap Authorize purchase.
  7. Enter the 6-digit verification code that was sent to your phone.

Both Shop Pay application options — 4 bi-weekly installments with no interest, or longer installments with competitive APR — work the same way. Finance small shop packages and equipment to upgrade your shop and make your trade even better. 


Small packages like the Riley Hopkins 150 Complete Screen Printing Kit are available for 0% interest. Let’s say you wanted to finance the kit with Shop Pay Installments. You could pay $333.33 per month for 6 months with 0% interest, or $96.97 per month with 15% APR at 24 months. 

Smaller equipment, like Riley Hopkins 150 4x1, are available for Shop Pay’s 4-month, bi-weekly payments of $124.99. It’ll allow you to pay off the press without taking the entire amount out of your account at once.


For businesses with a business license, financing equipment over $5,000 USD is a great option. CIT Financing through Bank of America offers competitive APR and loan amounts. The application process for this is also fairly straightforward. Here’s how to do it: 

  1. Log in to your account.
  2. Head to the “Support” tab dropdown menu and select the “High Level (up to $29,999)” option for CIT financing and business-licensed shops. 
  3. The High Level Financing term will provide information and a link reading “Apply/Pre-Qualify Here.” Click this link to head to the application window.
  4. Fill out the application form. You should receive a response soon.

the financing window of CIT financing through

The CIT financing application window through

Once you’re approved, choose the term limit for financing. Large equipment like the Riley Hopkins 300 6x4 or the Riley Hopkins 250 Complete Screen Printing Kit are perfect options for CIT financing. Want to do some math before you make the leap? Here’s an APR Calculator to help you determine your monthly payments for financing equipment. 

No matter what you choose to finance, you’ll be able to make the payments manageable instead of coughing up thousands right away. You can keep saving for that dope press upgrade you’ve wanted, while not enduring the sticker shock of new equipment. Keep upgrading your shop, expanding your offerings, and bringing in business without emptying your pockets in the process. 


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