This Tealwood Funding Group page covers machine shop and metal fabrication financing in Washington County, Utah: CNC and plasma equipment, welding rigs, added shifts and invoice gaps, with Census counts and invented examples.
At a glance
- Fabricated metal product manufacturing (incl. machine shops), Washington County, UT
56 employer establishments with 887 paid employees (CBP 2023)
- Fabricated metal payroll, Washington County, UT
$50.3 million (CBP 2023)
- Manufacturing, Washington County, UT
233 employer establishments with 3,802 paid employees (CBP 2023)
St. George, UT Used CNC Machine Financing for Machine Shops Planning Welding Rigs
Used CNC machine financing covers a pre-owned vertical machining center or lathe bought from a dealer or at auction. Partners finance used machines on their age, hours, control and the dealer's inspection.
Washington County, UT had 56 employer establishments in fabricated metal product manufacturing, the Census group that includes machine shops, with 887 paid employees and $50.3 million in annual payroll in 2023; 28 of them had fewer than five employees (County Business Patterns).
Welding rigs (truck-mounted welders) are titled with the truck and can be financed with it.
Ask the dealer for the machine's service history and spindle hours. A partner pricing a used machine reads the same records, and a machine with documented maintenance can carry a longer term.
CNC Machine Financing Options for St. George, UT Metal Fabricators
CNC machine financing options include equipment loans from banks and equipment finance companies, leases, and financing from the machine builder or dealer. Each sets its own down payment and term.
Leases can end in a return, a fair market value buyout or a fixed buyout. A shop that plans to keep a machine for its whole life compares a loan with a fixed-buyout lease.
The buy vs. lease calculator works out the loan side of that comparison.
Machine builders sometimes offer promotional financing on new equipment. Compare it with a loan on a used machine doing the same work, in total dollars over the term.
Machine Shop Financing: Vertical Machining Centers and Plasma Tables for Metal Fabricators
Machine shop financing covers vertical machining centers, CNC lathes, plasma and laser tables, press brakes, shears, saws, welders and inspection equipment. Tooling and fixtures can sometimes be added to the machine loan.
Metal fabricators adding a plasma table often need more power at the shop. Electrical work is a building cost; ask the landlord and check the zoning and permits guide before buying.
Rigging and installation are real costs; ask whether the dealer's quote includes them.
Inspection equipment such as coordinate measuring machines lets a shop document tolerances for customers who require it. It finances like any other machine, on its quote.
CNC Machine Loan for St. George, UT Metal Fabricators: Plasma Tables and Welding Rigs
Illustration only, invented figures: a used $118,000 CNC machining center on a 60-month loan at an annual rate of 10.5% costs about $2,536 a month and $34,177 in interest over the term (our arithmetic).
Put the payment beside the work the machine adds. If it takes on parts that were outsourced, the outsourcing bill it replaces is part of what pays for it.
Plasma tables and welding rigs finance the same way, on their own quotes.
Software for programming and CAM is often licensed by subscription. Ask whether the first year is inside the quote and what it costs after that.
Metal Shop Loans in St. George, UT for Net-60 Invoices and Added Shifts
Metal shop loans for net-60 invoices carry the wages and material for parts already shipped but not yet paid. An added shift raises that gap, because more work is out before payment arrives.
Illustration only, invented figures: a shop ships $46,000 of parts on net-60 terms and pays a biweekly payroll of $9,800. Payrolls inside 60 days: usually 4, sometimes 5 (our arithmetic: 60 / 14 = 4.3), or $39,200 to $49,000 in wages before the invoice is paid. A line of credit sized near that figure covers the wait.
Bring the receivables aging report, which shows each customer's invoices by age.
An added shift also raises utility, tooling and insurance costs before the extra parts are invoiced. Count those along with wages.
What Is a Machinery Loan? Where St. George, UT Machine Shops Start
A machinery loan buys production equipment, and the machine itself stands as the collateral. Machine shops around St. George, UT start with the quote, the shop's bank statements and returns, and a list of the work the machine is for.
Manufacturing as a whole had 233 employer establishments with 3,802 paid employees and $208.9 million in payroll in Washington County, UT in 2023 (County Business Patterns).
Related pages: construction, plumbing and HVAC, equipment financing, working capital, all industries, and the St. George, UT page.
A shop with one or two large customers should show those relationships, including purchase orders and payment history. Partners read customer concentration as part of the risk.
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