Fieldhill Loans arranges equipment financing and leasing for businesses in Columbus, IN and Bartholomew County, IN, from CNC machines and walk-in coolers to dental chairs and skid steers, new or used. The equipment anchors the request and payments are spread over its useful life. Partners review the quote, the equipment's value and your cash flow before deciding.
| Anchored by | The machine or vehicle being bought or leased |
|---|---|
| Options | Loan (you own it) or lease (you use it) |
| Partners review | The quote, the equipment's value and your cash flow |
How to finance equipment for a business: Bartholomew County, IN routes
There are two main routes. With an equipment loan, you own the equipment from the start and repay the loan in installments; the partner holds a lien on it until the loan is paid. With a lease, the partner owns the equipment and you pay to use it, sometimes with an option to buy it at the end.
Because the equipment backs the request, partners look at what it is, what it is worth and how long it will last, as well as your business's cash flow. A payment schedule that roughly matches the machine's useful life can keep the payment in proportion to the value it produces.
Used equipment financing
Partners do finance used equipment. They may want more detail than for new equipment: the year, make, model, hours or cycles, the seller, and sometimes an inspection or appraisal. The age of the machine can shorten the term a partner will offer, because there is less working life left to spread payments over.
How should a small shop finance used equipment? No single route suits everyone, but a dealer quote with a serial number, a clear title and a realistic market value makes any request stronger. Private-party purchases can be financed too, though some partners require extra checks on ownership.
Used construction and heavy equipment loans
A resale market for excavators, skid steers, compact loaders and trailers can help a used heavy equipment request. Expect partners to ask about hours, maintenance records and whether the machine has liens from a prior owner.
Restaurant supply financing
Ovens, fryers, hoods, walk-in coolers, dish machines and point-of-sale systems are all financed this way. Because restaurant gear can be hard to resell, partners may read the restaurant's deposits closely. The county had 56 full-service and 70 limited-service restaurant employer establishments in 2023 (County Business Patterns); the restaurant page covers the kitchen cash cycle.
Contractor and shop equipment
Contractors finance trucks, trailers, lifts and tools; machine shops finance CNC mills, lathes and press brakes. Bartholomew County, IN had 49 residential building contractors and 37 fabricated metal product manufacturers with employees in 2023. See contractor funding and the CNC machine payment calculator, which estimates a monthly payment and total cost from a price, down payment, rate and term you enter.
Healthcare equipment financing
Practices finance imaging units, exam chairs, dental operatories and optometry equipment. The county had 60 offices of physicians and 34 offices of dentists in 2023. The medical and dental page covers practice equipment and build-outs.
A labeled example, not an offer
Hypothetical figures only: a shop buys a used vertical machining center listed at $68,000 and puts $7,000 down. A partner financing the remaining $61,000 over a term matched to the machine's remaining life produces a fixed monthly payment that the shop can test against the work it expects to run on the machine. The partner sets the actual rate and term; the calculator lets you test your own figures.
Lease or buy: the questions to settle
- How long will you keep it? Equipment you will run until it wears out favors ownership; equipment you will replace in a few years can favor a lease.
- How fast does it date? Software-driven and diagnostic equipment can age faster than a lathe or a trailer.
- What happens at the end? Leases differ: some end with a nominal purchase option, others with a fair-market-value buyout or a return.
- Who maintains it? Some leases bundle service; most loans do not.
Compare the full cost of each route over the period you expect to use the equipment, including any end-of-lease purchase, rather than the monthly payment alone.
What partners commonly review
- The quote or invoice, with make, model, year and serial number.
- For used equipment: hours, condition, seller and any existing liens.
- Business bank statements and time in business.
- Machine or vehicle payments you already make each month.
Compare with the other options on the funding comparison page. If the purchase is part of a larger expansion, a line of credit can carry the smaller costs around it. See how a request is handled, and the Columbus, IN page for county figures.
By Fieldhill Loans · Updated
