Models
Eaton Magnum DS Switchgear Financing
Magnum DS gear ships on long lead times, and the energization date does not move because the finance package is still in review. We structure Eaton Magnum DS switchgear financing so approval clears before the submittal is stamped, not after. Projects from $50,000 up to $400,000 often close on an application-only basis, and larger deals move within one to two weeks once we have three months of bank statements.
The Magnum DS is Eaton's flagship low-voltage power circuit breaker lineup, rated from 800A through 6000A and available in drawout configurations for selective coordination requirements. New gear for a ground-up build and used or refurbished Magnum DS equipment for a retrofit both qualify. We work with electrical contractors taking delivery of distributor stock, industrial plants upgrading aging gear, and data center developers hitting a hard commissioning date. The financing structure matches the situation, not a one-size template.
What Eaton Magnum DS Projects Look Like
A typical Magnum DS order involves a lineup of metal-enclosed main breakers and feeders, often with ground fault protection, zone selective interlocking, and integral metering. Total project cost usually lands between $150,000 and $600,000 once you price in the switchgear structure, breakers, relay panels, and freight. Some projects add protective relay panels or remote trip accessories that push the invoice higher.
Drawout breakers let crews rack out and maintain individual circuits without de-energizing the bus, which is why the Magnum DS is common in healthcare facilities, industrial plants, and data center main distribution rooms. Frame sizes run 800A, 1600A, 2000A, 2500A, 3200A, 4000A, 5000A, and 6000A. The switchgear structure can be configured for front-only access or front-and-rear access depending on room layout.
Used Magnum DS equipment is widely available from gear dealers and plant decommissions. Age, hours, and breaker trip unit condition matter for underwriting. We finance used switchgear on the same application process as new, provided the gear has been tested and certified by a qualified service shop.
How The Financing Process Works
Submit a one-page application with the quote or purchase order. For transactions up to approximately $400,000 we do not require full financials, just the application plus three months of business bank statements. Decisions come back quickly, typically in 24 to 48 hours on clean files. Funded deals close in about one to two weeks from approval.
Structures available include an equipment loan where you own the gear outright from day one, or an equipment lease with a fair market value buyout or a dollar buyout at end of term. If you are buying gear that was already financed and want to refinance the existing obligation, we handle equipment refinancing on Magnum DS assets too. Terms typically run 36 to 72 months depending on asset age and transaction size.
Contractors purchasing gear on behalf of a project owner can structure the financing under the contracting company, with the switchgear as the collateral. The lien attaches to the gear, not to real estate, which keeps the transaction clean for project accounting. Progress billing and deposit-advance structures are available for projects with a long manufacture window through our progress and deposit financing program.
Who Uses This Financing
Electrical contractors represent the largest group. A $300,000 Magnum DS lineup is a real cash drain when it sits in the distributor warehouse while the owner's payment schedule lags two months behind delivery. Financing lets the contractor take delivery, put the gear in place, and service the debt from progress billings. Electrical contractors with active projects and a solid bank history are the easiest approvals we see.
Industrial plants with aging low-voltage distribution are the next group. A 1990s-era lineup with obsolete trip units and no parts support is a liability on the one-line. Upgrading to a current Magnum DS switchgear system is a capital project, not a maintenance line item, and financing it over 48 to 60 months keeps the capital account intact. The industrial and manufacturing sector runs these projects regularly.
Data center developers and operators buy Magnum DS gear for main and sub-main distribution because selective coordination is mandatory in most jurisdictions for facilities above a certain load. A tight commissioning schedule means the gear has to be ordered, delivered, set, and energized on a fixed timeline, and financing that clears before the order is placed removes one variable from that schedule.
New Gear Vs. Refurbished Magnum DS
New Magnum DS switchgear carries current warranty terms from Eaton, and the trip units are programmed to spec at the factory. Lead times for factory-configured lineups can run 16 to 30 weeks in high-demand periods, which is one reason progress financing exists. If the energization date is firm, locking in a factory order early and financing the deposit preserves the slot in the production queue.
Refurbished Magnum DS gear from certified reconditioning shops is a real option for retrofit projects where budget is constrained. A qualified shop will clean the bus, inspect and retest the drawout mechanism, replace worn contacts, and certify the trip unit calibration. We finance refurbished switchgear when the refurbishment documentation is current and the shop has traceable testing records. The rate may be slightly higher than new, but the acquisition cost is often 40 to 60 percent of replacement, so total financing cost is lower.
Price This Switchgear Financing Package
Send the quote, seller, lead time, deposit requirement, project location, and the electrical package scope. We will review the structure around the purchase schedule.
Review Switchgear TermsCommon Questions on Eaton Magnum DS Switchgear Financing
Straight answers before you send the equipment file.
Can I finance Magnum DS gear before the project owner has issued the purchase order?
Yes. Contractors routinely finance distributor purchases against an executed subcontract rather than a PO. We underwrite the contracting company and use the gear as collateral. You can take delivery and stage the equipment while the owner's administrative process catches up.
Does a 20-year-old Magnum DS frame still qualify for financing?
Age alone does not disqualify. We look at the refurbishment record, the condition of the drawout mechanism and trip units, and whether parts are still available. A unit that has been properly reconditioned and tested by a certified shop will generally qualify, though terms and advance rates may differ from new gear.
Can I refinance Magnum DS gear I already own to pull out working capital?
Yes. If the gear is paid off or nearly paid off, a sale-leaseback or cash-out refinance against the equipment converts the asset's value into working capital. We evaluate current fair market value and structure a term that fits the asset's remaining useful life.
My company has a couple of slow-pay marks from a bad project year. Does that kill the application?
Not automatically. We work with B and C credit on equipment transactions. The switchgear itself is real, identifiable collateral with a liquid secondary market, and that matters to underwriters. Explain the circumstances and let the file speak for itself.
Are freight and installation costs financeable alongside the gear?
Soft costs like freight and installation can often be rolled into the financed amount when they are on the same invoice or closely related purchase order. The asset value of the gear needs to support the overall advance. Talk to us before you separate those line items.
Review The Eaton Magnum DS Switchgear Financing Package
Send the equipment quote, seller, lead time, deposit schedule, and project location. The finance desk will review the package against the actual procurement calendar.