A call or the request form sends the request to funding partners, who set any terms.
Equipment can be financed with a loan or a finance agreement, where the business owns the item, or leased, where the leasing company owns it until any purchase. The worked cases on this page are invented and compare totals only; partners set the real rates, terms and end-of-lease prices.
At a glance
- Construction employer establishments, Gray County, TX
33 (CBP 2023)
- Specialty trade contractors, Gray County, TX
25 employer establishments (CBP 2023)
- Full-service restaurants, Gray County, TX
20 employer establishments (CBP 2023)
Food Truck Financing for a Gray County, TX Sit-Down Restaurant Adding a Truck
Invented case: a sit-down restaurant already operating in Gray County, TX adds a food truck with its kitchen built in, priced at $87,650. With $13,000 down, the remaining $74,650 runs over 72 months at an annual rate of 10.15%: 72 payments of $1,388.61, or $99,979.92 in payments. Counting the down payment, the truck costs $112,979.92, and $25,329.92 of that is interest.
The truck and its kitchen are treated as one package here. A partner may finance them together or split the vehicle from the cooking equipment, and it may ask for the build sheet listing what is installed. Permits, inspections and parking rules for selling from the truck are for the owner to check with the local authorities.
That restaurant would sit among the 20 full-service restaurants with paid employees that Gray County, TX had in 2023 (County Business Patterns, NAICS 722511); 6 of them had fewer than five employees.
How Do Equipment Leases Work? A Gray County, TX Look at Scissor Lifts
Under a lease, title to the equipment stays with the leasing company while the business pays a monthly charge for the months it keeps it. When the term runs out, the lease itself names the choices: hand the equipment back, renew, or buy it at the stated price.
Invented case: a Gray County, TX drywall and painting contractor leases two electric scissor lifts for 30 months at $1,086 a month, $32,580 in payments. The lease names a $6,450 purchase price at the end; keeping both lifts brings the total to $39,030.
- The contractor picks the lifts and gets a quote from the dealer.
- The request goes to a leasing partner, which reviews the business.
- If the partner agrees, it buys the lifts and the dealer delivers them.
- Monthly payments run for the full term, whether or not the lifts are in use.
- At the end, the contractor returns, renews or buys at the stated price.
- Whether lift upkeep, breakdown repairs and insurance fall on the contractor or on the leasing company
- What wear counts as normal when the lifts go back
- What ending the lease early would cost
- Whether the end price is $1, a fixed amount or fair market value
Used Heavy Equipment Financing in Pampa, TX, With Skid Steers as the Example
Invented case: a Pampa, TX excavation crew finds a 2019 skid steer with 2,850 hours on the meter, priced at $36,470. A partner may set a shorter term for an older machine, so the table compares two schedules at an annual rate of 10.45%.
| Term | Monthly payment | Total of payments | Interest |
|---|---|---|---|
| 36 months | $1,184.50 | $42,642.00 | $6,172.00 |
| 54 months | $849.45 | $45,870.30 | $9,400.30 |
Choosing 54 months frees $335.05 of cash each month next to the 36-month schedule, and it costs $3,228.30 more in interest over the machine's term. For a used machine, the term may also be held to the years a partner expects the machine to keep working.
- The hour meter reading and the model year
- An inspection or service record, if the seller has one
- Whether the seller is a dealer or a private party, and a bill of sale either way
- A lien search showing the title is clear
Equipment Finance Agreement vs a Loan: A Pampa, TX Example Built on a Mini Excavator
Under both an equipment loan and an equipment finance agreement (EFA), the business owns the machine and the machine secures the payments. The difference is the paperwork: a loan is documented with a loan note, while an EFA is a finance contract, and the two can differ on fees, prepayment terms and what happens after a missed payment.
| Point of comparison | Equipment loan | Equipment finance agreement |
|---|---|---|
| Paid upfront | $5,738.00 (10% down) | None; finances the whole $57,380 price |
| Annual rate (invented) | 9.45% | 9.95% |
| Monthly payment | $1,083.32 | $1,217.74 |
| Total of payments | $64,999.20 | $73,064.40 |
| Total including anything paid upfront | $70,737.20 | $73,064.40 |
In this invented case the agreement costs $2,327.20 more in total, the price of keeping $5,738.00 in the bank on day one at a higher rate. Real offers may run the other way; the totals line is where to compare them.
Gondola Shelving in Pampa, TX: How Does a $1 Buyout Lease Work?
A $1 buyout lease runs like a loan in lease form: fixed monthly payments for the term, then the business buys the equipment for one dollar. It fits items a store means to keep, such as freestanding gondola shelving.
Invented case: a Pampa, TX retailer leases a $14,260 run of gondola shelving for 36 months at $489 a month. With the $1 buyout, the shelving costs $17,605. The same price on a 36-month equipment loan at an annual rate of 11.6% takes $470.92 a month, $16,953.12 in all, so here the lease costs $651.88 more.
Shelving that is anchored into walls or floors, or any change to the store itself, is property work outside this site; the case above covers the freestanding units only.
What Is a Fair Market Value Lease? Track Loaders in Pampa, TX
A fair market value lease sets the end price at whatever the machine is worth when the term ends. Nobody knows that figure at signing, which is why such leases can carry lower payments than a $1 buyout lease on the same machine.
Invented case: a Pampa, TX contractor leases a $71,900 track loader for 48 months at $1,412 a month, $67,776 in payments. If the loader is appraised at an invented $26,500 at the end and the contractor buys it, the total reaches $94,276; returning it ends the cost at $67,776.
The calculator on this page handles the loan side of a case like this: enter a price, any down payment, an annual rate and a term in months, and it shows the monthly payment, the total interest and the total cost including the down payment. Lease totals are worked by hand, as above.
Three articles price machines this page does not: a mortar mixer, scaffold frames and a masonry saw, a dealer program set against a cash price for a stand-on spreader and floor machines bought for one cleaning contract.
By Robinstead Commercial Capital ยท Updated
