Copperford Finance helps Washington County, Wisconsin manufacturers request funding. Manufacturing paid $1.01 billion in county payroll in 2023, the largest of any sector, across 341 employer establishments. This page covers industrial equipment, machinery finance companies, CNC machines for fabricators, machine shop funding and how to finance a CNC machine step by step.
At a glance
- Manufacturing employers, Washington County, WI
341 (County Business Patterns 2023)
- Manufacturing annual payroll
$1.01 billion, the largest sector payroll (County Business Patterns 2023)
- Fabricated metal manufacturers (incl. machine shops)
118 (County Business Patterns 2023)
Washington County, WI Manufacturing in the 2023 Census Count
County Business Patterns counted 341 manufacturing establishments with employees in Washington County, WI in 2023. They employed 14,988 people, 27.5% of the county's employer workforce, and paid $1.01 billion, 33.3% of all county payroll (our arithmetic), more than any other sector (County Business Patterns 2023). Only 24.9% had fewer than five employees, and payroll per employee came to about $67,503 (our arithmetic).
Fabricated metal product manufacturing, the code that includes machine shops, counted 118 establishments with 4,186 employees and $278.1 million in payroll, an average of about 35 employees each (our arithmetic) (County Business Patterns 2023). Printing counted 24 establishments with 1,402 employees and food manufacturing 10 with 1,216.
Industrial Manufacturing Equipment Financing in Washington County, WI: Presses, Robots and Conveyors
Industrial equipment financing pays for presses, robots, conveyors, paint lines and the controls that tie them together. Illustration only, invented figures: a robotic welding cell at an invented $185,000 with $18,500 down, financed over 72 months at an invented 8.5%, costs about $2,960 a month (our arithmetic). Installation, programming and safety guarding belong in the quote, because a partner finances the working cell, not a crate on the dock.
A plant buying several machines at once can ask whether a partner will fund them as one package or as separate loans; separate loans let each machine's term match its own life.
Machinery Finance Companies: How They Work for West Bend, WI Manufacturers
Machinery finance companies include manufacturers' captive finance arms, independent equipment lenders, banks with equipment divisions and leasing companies. They differ in what they will fund (new only or used too), how they value the machine, whether they offer a $1 buyout or fair-market-value lease, and how quickly they read a request. Ask each for the total cost of the same machine over the same term.
Copperford places a manufacturer's request with funding partners whose criteria fit; each partner sets its own terms. Machinery wholesalers, which often arrange vendor financing, counted 57 employer establishments in the county (County Business Patterns 2023).
CNC Machine Financing for Washington County, WI Fabricators
CNC machines are a common reason a fabricator seeks equipment financing, because spindle capacity decides how much work the shop can take. The longer schedule eases the monthly figure and lifts the total. Illustration only, invented figures: an invented $240,000 vertical machining center at an invented 8.75% costs about $4,953 a month over 60 months, a total of about $297,176, or about $3,831 over 84 months, a total of about $321,804 (our arithmetic).
The machinery loan calculator runs the same arithmetic on a real quote.
Manufacturing Equipment Loans Across Washington County, WI
Beyond machines, a manufacturer's equipment loans can fund forklifts and racking, quality equipment such as a coordinate measuring machine, compressors and dust collection. Commercial and industrial machinery repair businesses, which keep that equipment running, counted 23 employers in the county (County Business Patterns 2023). Each piece can carry its own loan, or several can be bundled when they are bought together.
Machine Shop Financing for West Bend, WI Job Shops
A job shop works to customers' prints, so its funding needs follow its purchase orders: machines for capacity, material for each order, and payroll while parts are made. Machines go on equipment financing, material and payroll on a line of credit or working capital, and buying a retiring owner's shop on a term loan. A partner reads the backlog, customer concentration and the age of the machines on the floor.
How to Finance a CNC Machine for a West Bend, WI Shop
- Get a written quote listing the machine, tooling, rigging, installation and training.
- Estimate the added hours the machine will bill each month and at what rate.
- Compare that income with the payment from the calculator.
- Send the request with the quote amount and the backlog behind it.
- Read the partner's offer, total it, and compare with any dealer financing.
Illustration only, invented figures: 120 added spindle hours a month at an invented $95 an hour bring in $11,400 (our arithmetic), set against the payment on the machine. The term loan article works the same purchase through in full.
Two articles follow a machine purchase all the way through: how a term loan works for a CNC machine and how a $1 buyout lease works for a fabricator.
By Copperford Finance · Updated