A machine is usually a bigger decision than a month of payroll. Here is how Central Texas owners can think through an equipment purchase before they apply.
Apply Now →Central Texas covers a very wide range of businesses. The Austin-Round Rock-San Marcos metro had 2,352,426 people at the 2020 census, and our grouping reaches 19 counties, including Travis, Williamson, Hays, Bell, Coryell and McLennan. Across that area a purchase might be a skid steer for a site contractor, a combi oven for a restaurant, a dental chair for a clinic or a press for a print shop.
Whatever the machine, the first question is the same: what does it add to monthly revenue or subtract from monthly cost? If you cannot answer in a sentence, the purchase is not ready.
| Line | Question |
|---|---|
| 1 | What new revenue or saved cost does it create per month? |
| 2 | What do the payments plus operating costs run per month? |
| 3 | Does line 1 exceed line 2 by a comfortable margin? |
| 4 | What happens if line 1 is half as large for three months? |
Line 4 matters most. It is the stress test, and an owner who has not run it is guessing.
Working capital pays for costs that repeat, such as wages, rent and inventory. Equipment is a one-time purchase of something that lasts. Mixing the two causes trouble: using short-term cash for a machine that will take years to pay for itself leaves you short in the meantime, and the reverse leaves you with an asset financing you did not need. For repeating costs, working capital is the closer fit; for a machine, financing built around the purchase is cleaner.
Not our terms, rates or typical results. A site contractor in Williamson County looks at a $60,000 machine. It would let the crew take on jobs they currently sub out, adding perhaps $6,000 of margin a month. If payments and operating costs together are $4,000 a month, the machine adds about $2,000 net. If jobs slow and the extra margin halves, the net is negative $1,000, which the owner must be able to absorb. Running that downside case is the most useful hour of the decision.
Funding runs from $25,000 to $5,000,000 and can be funded in as little as 24 hours once approved. The application takes about 5 minutes with a soft credit pull, and sole proprietors can apply. Structure and terms are set on the application. Start an application.
This page does not make claims about specific equipment types or conditions. Describe the purchase on the application.
Often, because it is built around a single purchase. A line is for repeating gaps.
Sole proprietors can apply.
Write down what the machine earns or saves per month and run a case where that is half as large.
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
