This page from Canyonmoor Lending Group in Montrose, Colorado covers equipment financing and leasing: construction machines, farm and ranch equipment, auto shop lifts and scan tools, gym equipment and salon stations, with invented worked payments, a checklist before the dealer quote, and how leasing companies differ from equipment loans.
At a glance
- Construction employers, Montrose County, CO
278 (County Business Patterns 2023)
- Auto repair employers
42 (County Business Patterns 2023)
- Landscaping service employers
28 (County Business Patterns 2023)
Construction Equipment Financing for Contractors and Builders
Construction counted 278 employer establishments in Montrose County, CO in 2023, with 1,937 employees, and residential builders alone 64 (County Business Patterns 2023). Nonemployer Statistics, a separate program, counted 914 construction businesses without paid employees for 2024 (Nonemployer Statistics 2024). Skid steers, mini excavators, dump trailers and crew trucks are the machines behind that work.
Illustration only, invented figures: a used mini excavator at $68,000 with $6,800 down, financed over 60 months at an invented annual rate of 9%, costs about $1,270 a month (our arithmetic). The machine secures the loan, and a partner reads its age, hours and dealer inspection. The article on skid steer terms works through term lengths for used machines.
Farm and Ranch Equipment Financing Around Montrose, CO
Tractors, balers, stock trailers, implements and side-by-sides are financed the same way as any other machine: a loan or lease with the equipment as security, sometimes through a dealer's own finance program. County Business Patterns leaves out crop and animal production, so no farm counts are quoted here. It does count businesses that support agriculture and forestry: 10 employer establishments in Montrose County, CO in 2023 (County Business Patterns 2023), and 74 without paid employees in 2024 (Nonemployer Statistics 2024).
Illustration only, invented figures: a $95,000 tractor with a loader, $19,000 down and 72 months at an invented annual rate of 9.5%, costs about $1,389 a month (our arithmetic). Some agricultural funders offer annual or semiannual payment schedules; ask each funder which schedules it offers and compare the total paid. The article on financing farm and ranch equipment sets loans, leases and dealer programs side by side.
Shop Lifts and Scan Tools for Montrose, CO Mechanics
Auto repair and maintenance counted 42 employer establishments in Montrose County, CO in 2023, 59.5% with fewer than five employees, and 82 more without paid employees for 2024 (County Business Patterns 2023; Nonemployer Statistics 2024). Illustration only, invented figures: a $9,500 two-post lift and a $6,500 scan tool, $16,000 together over 48 months at an invented annual rate of 11%, come to about $414 a month (our arithmetic).
The auto repair page and the article on how auto shops fund lifts and scanners cover the rest of the bay.
Racks, Rowers and Cardio Machines: Gym Equipment Financing for Montrose County, CO Studios
Fitness and recreational sports centers counted 4 employer establishments in Montrose County, CO in 2023 (County Business Patterns 2023), too few for a page of their own on this site, yet the financing question is common to studios everywhere: buy racks and cardio machines with a loan, or lease them and swap them out later. Illustration only, invented figures: $42,000 of equipment over 48 months at an invented 11.5% costs about $1,096 a month (our arithmetic).
A lease of the same gear at an invented $1,050 a month may cost less each month and include upgrades, but the studio owns nothing at the end unless it pays a buyout. Partners read membership drafts, cancellations and the lease on the space.
Salon Equipment Loans for Montrose, CO Stylists
Hydraulic chairs, shampoo bowls, stations, dryers and pedicure spas are a salon's financed purchases. County Business Patterns counted 9 beauty salons and 4 nail salons with paid employees in Montrose County, CO in 2023 (County Business Patterns 2023); Nonemployer Statistics counted 109 beauty salons, 9 nail salons and 15 barber shops without paid employees for 2024 (Nonemployer Statistics 2024). The two programs are counted separately and never added here.
Illustration only, invented figures: $18,500 of salon furniture over 36 months at an invented 12% costs about $614 a month (our arithmetic). The article on which loan fits a small salon compares equipment loans, term loans and working capital for a small studio.
How to Finance Equipment for a Business: A Checklist Before the Dealer Quote
- Get a written quote with model, year, hours or mileage, and serial number for used units.
- Decide between buying and leasing before comparing offers.
- Match the term to the useful life; a payment that outlasts the machine is a warning sign.
- Ask whether delivery, installation, training and sales tax can be included.
- Ask what insurance the funder wants on the machine and who must be named on it.
- Phone (970) 238-5206 or send the web form with the quote amount.
How Can I Get Equipment Financing With a Short Track Record?
Because the machine itself secures the loan, equipment financing can be open to businesses that would struggle with an unsecured loan. A partner weighs the resale value of the equipment against the owner's credit and the business's deposits. A larger down payment, a newer machine or a co-signer can shift that balance; a used machine with an uncertain history pulls the other way.
Landscaping services counted 28 employer establishments in Montrose County, CO in 2023, 82.1% with fewer than five employees (County Business Patterns 2023); many such crews have short histories and finance mowers, trailers and trucks as they grow. The landscaping page covers commercial mowers and irrigation gear.
How Do Equipment Leasing Companies Work Compared With an Equipment Loan?
A leasing company buys the equipment and rents it to the business for a set term. At the end, a fair-market-value lease returns the equipment or buys it at its then value; a dollar-buyout lease transfers ownership for a nominal sum and behaves much like a loan. An equipment loan puts ownership with the business from day one, with the funder holding a lien until the last payment.
| Question | Equipment loan | Lease |
|---|---|---|
| Who owns it during the term? | The business, with a lien | The leasing company |
| End of term | Lien released | Return, renew or buy out |
| Fits | Machines kept for their full life | Gear replaced on a cycle |
Restaurants, dental offices and builders each have pages on their own equipment: restaurants, dental offices and contractors.
Four longer articles follow single machines from quote to final payment: term lengths for a skid steer or mini excavator, tractors, balers and other ranch machinery, lifts and scan tools in a repair bay and chairs and stations for a small salon.
By Canyonmoor Lending Group ยท Updated