A manufacturer can call Redpark Lenders at (662) 445-7556 or send the request form, and the funding partners who review the machine quote and the business set any terms.
A Columbus, MS manufacturer or machine shop can finance CNC machines, press brakes, laser cutters, welding cells, forklifts and tooling, new or used, and carry long receivables and second-shift payroll on a line or working capital. In the worked example the used lathe costs less each month and in total. Floor space, foundations and power runs are building work this site does not fund.
At a glance
- Manufacturing (NAICS 31-33), Lowndes County, MS
50 employer establishments, 3,778 paid employees (CBP 2023)
- Share below five employees
30.0% (CBP 2023)
- Manufacturing employer establishments at ZIP 39701
23 (ZBP 2023)
- Manufacturers with no paid employees
62 (Nonemployer Statistics 2024)
Manufacturing equipment loans for Lowndes County, MS: robotic welders, forklifts and tooling
An equipment loan for a plant pays the machine builder or dealer, and the machine secures the debt. A robotic welding cell with its positioner and controller, an electric or propane forklift, fixtures and dies, and the tooling package for a part number all fit that shape through equipment financing.
Tooling deserves a closer look. Dies and molds made for one part number have less resale value than a forklift, and a partner can weigh that when it sets a term or a down payment.
Fewer than five people were on payroll at 15 of the 50 manufacturing employer establishments in Lowndes County, MS in 2023. That count is worked out here from the 30.0% share County Business Patterns reports for NAICS 31-33.
Machine shop financing in Columbus, MS: quality lab gear, saws and long receivables
A machine shop's quality lab holds a coordinate measuring machine (CMM), height gauges, surface plates and calibrated hand tools. Those are equipment with resale value, and a horizontal band saw or a cold saw for cutting bar stock to length belongs on the same request.
Long receivables are the other half of a machine shop request. A part shipped on net-60 or net-90 terms is earned when it ships and paid two or three months later, while the bar stock and the machinist hours were paid for at the start. Covering the gap from shipment to payment is the job of a line of credit, or of a working capital loan when one large order is behind it.
Fabricated metal product manufacturing, the code that takes in machine shops (NAICS 332), had 7 employer establishments in Lowndes County, MS in 2023 (CBP).
ZBP lists a count of 4 for NAICS 332 at ZIP 39701 that year.
Business loan to buy machinery in Columbus, MS: press brakes, laser cutters and second shifts
Press brakes and fiber laser cutters arrive as one big purchase, and the quote lists freight, rigging and installation beside the machine price. A partner can finance the machine and its delivery costs together. Anything done to the building to set the machine down, such as a foundation or a power run to the machine, is building work and stays outside this site.
A second shift brings payroll before the extra output is billed. A working capital loan can cover those first pay periods, while the machine itself stays an equipment purchase. Buying a whole machine shop as a going business is a term loan question.
Illustration only, invented figures: take a $148,000 press brake. After a $14,800 down payment, $133,200 is financed. Over 72 months at an 8.75% annual rate each payment is $2,384.51, the 72 payments come to $171,684.72 in all, and $38,484.72 of that is interest.
Manufacturing payrolls in Lowndes County, MS held 3,778 people in the March 2023 pay period, counting all 50 employer establishments together (CBP).
Used CNC machine financing for Lowndes County, MS: CNC lathes, welding cells and bar stock
What decides a used CNC request is whether a partner can value the machine. The details a partner can ask about: the control model and its year, spindle hours, the last rebuild or service, the tooling and chucks included, and whether a dealer or the original owner is selling.
| Cost item | New lathe | Used lathe |
|---|---|---|
| Price | $142,000 | $68,000 |
| Term (months) | 60 | 48 |
| Rate (annual %) | 8.75 | 10.25 |
| Monthly payment | $2,930.49 | $1,732.83 |
| All payments | $175,829.40 | $83,175.84 |
| Interest within those payments | $33,829.40 | $15,175.84 |
In this example the used lathe costs less each month and in total, on a shorter term and a higher rate. A used welding cell is priced the same way, with the robot's hour meter and its controller software version in place of spindle hours.
Bar stock and other raw material bought for a job count as inventory, which inventory financing can carry against the material itself.
CNC machine financing for Lowndes County, MS: vertical mills, tool presetters and spindle hours
A vertical machining center can come with a tool presetter, a toolholder package and a chip conveyor on the same quote, and a partner can finance the whole quote as one piece of equipment. Spindle hours are the running measure of how hard a CNC machine has worked; a service contract is a cost to price in, not equipment.
In a plastics plant, the injection molder, its mold, a conveyor off the press and a rotary screw air compressor can sit on one request. The molder, the conveyor and the compressors have resale value of their own; a mold built for one part has less.
ZIP Code Business Patterns lists 23 manufacturing employer establishments at ZIP 39701 for 2023, with a 34.8% share below five employees.
Nonemployer Statistics for 2024 count 62 manufacturing businesses in Lowndes County, MS that have no paid employees.
The industries page sets manufacturers beside repair shops and contractors, and the Columbus, MS page links the city website and sets out county business counts by trade.
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