Before you finance a machine in Abilene, audit the equipment you already depend on. The audit tells you what to replace first.
Apply Now →Abilene is in Taylor and Jones counties, with 125,182 residents at the 2020 census, and is the principal city of its metropolitan statistical area. It is home to three Christian universities (Abilene Christian University, McMurry University and Hardin-Simmons University), and Dyess Air Force Base sits on its west side. Interstate 20 forms a rounded bypass loop along the northern side of the city. Local business includes oilfield service, equipment and supply companies, hauling firms, and the restaurants, hotels and shops that serve field crews, alongside ag supply and feed stores.
| Asset | What stops if it fails | Question to ask |
|---|---|---|
| Service truck | Every job that day | How old is it, and what does a day down cost? |
| Trailer or hauling unit | Deliveries and invoices | Can another unit cover it? |
| Pump, compressor or tool set | Field work | Is a rental an option, and for how long? |
| Feed or supply handling gear | Receiving and delivery | What is the cost of a missed delivery? |
The asset whose failure costs the most per day is the one to finance first, not necessarily the oldest.
In general, equipment financing is money for buying a specific machine or vehicle, which makes it a natural fit for purchases with a clear price. It is not the right answer for a recurring cash gap; for that, see a business line of credit. We consider funding from $25,000 to $5,000,000, and funding can arrive in as little as 24 hours. The application takes about five minutes with a soft credit pull, and sole proprietors can apply. The terms of any offer are set in the offer.
A small hauling company has a truck that keeps breaking down. Each day down costs a day of billing and a day of driver pay. A replacement might cost $60,000, a round number for the example, not a term we offer. If the old truck costs a few days of lost work every month, the replacement may pay for itself in avoided downtime. If it breaks once a year, repair may be the better choice. Write the numbers down before you decide.
A new machine needs fuel, insurance, training and sometimes accessories. Do not spend everything on the machine and leave nothing for running it. For a general cushion see working capital; for speed, same-day funding or merchant cash advance; for defined projects, term loans.
Who will run the machine, and are they trained? What will insurance, fuel and maintenance cost each month? How long will it take to earn back the purchase through avoided rentals, avoided downtime or new work? What is the used market like for similar machines, and is a newer or older one the better value? These questions are plain, but owners who skip them sometimes find that the machine fits the shop and not the budget. Abilene owners who serve field crews and farm customers may also want to ask how seasonal their work is, because slower months still carry the cost of owning the equipment.
See oilfield services and ag supply and feed stores. Area pages: Taylor County and Big Country and Concho Valley. Apply here.
The asset whose failure costs the most per day, not necessarily the oldest.
Usually a line of credit or working capital fits a repeating gap better.
Yes. Sole proprietors can apply.
Interstate 20, which forms a bypass loop along the northern side of the city.
We consider $25,000 to $5,000,000.
Three months of business bank statements and a 5-minute application. FICO 500+ considered. $25,000 to $5,000,000, funded in as little as 24 hours.
Apply Now →It takes about two minutes and it will not affect your credit score.
No obligation • No impact to your credit score
