After that, the request sits with funding partners, who set any terms they offer.
Machines a crew tows or carries to the job, from mixers to trenchers and scaffold frames, are equipment a partner may finance over three to five years. Repair bills and lumber statements that come due before a general contractor pays can go on a line of credit or a short working capital loan.
At a glance
- Construction, Ross County, OH
90 employer establishments (CBP 2023)
- Specialty trade contractors (238)
60 of the 90, 35 with fewer than five employees
- Construction at a ZIP 45601 address
66 employer establishments (ZBP 2023)
- Invented trencher and compactor
$20,950 over 36 to 60 months
Credit line uses for Ross County, OH contractors: equipment repairs and the weeks before a general contractor pays
County Business Patterns counted 90 construction establishments with paid employees in Ross County, OH for 2023, and 51 of them (56.7%) had fewer than five employees. Specialty trade contractors made up 60 of the 90 and construction of buildings 26; 35 of the specialty trade contractors had fewer than five employees.
Construction employer establishments with a ZIP 45601 address: 66 on the 2023 ZIP Code Business Patterns list.
Contractors who work without paid employees are counted on their own: the 2024 Nonemployer Statistics list 621 construction businesses in Ross County, OH.
In this invented case, a ride-on trencher breaks down mid-job and the repair shop's bill comes to $5,140. Drawn on a line of credit and paid back 60 days later, after the general contractor's payment for the phase arrives, the invented draw at a 14.1% annual rate costs $119.14 in simple interest.
A partner may set the line's limit from the contractor's bank statements and may check credit. Crew payroll in the same weeks can go on a short working capital loan instead, with fixed payments. A crew payroll and a lumber yard statement carried for 38 days, by line draw or by a 6-month loan, are compared in the unpaid jobs article.
Financing a towable concrete mixer and scaffold frames for Chillicothe, OH contractors
In this invented example, a Chillicothe, OH masonry contractor prices a towable concrete mixer at $6,780 and a set of scaffold frames, braces and planks at $3,690. At a 12.75% annual rate for 36 months, the mason's invented $10,470 works out to $351.52 monthly; $12,654.72 goes out over the term and $2,184.72 of it is interest.
Both invented items move from job to job, so they back the request without any tie to a building. With equipment financing, a partner may also look at a used mixer, and may ask for its age and the seller's details.
A ride-on trencher and a plate compactor on one Chillicothe, OH equipment request
In this invented example, a Chillicothe, OH electrical contractor that runs underground service lines adds a ride-on trencher at $18,640 and a reversible plate compactor at $2,310, an equipment request of $20,950.
The invented quote can list the trencher's boom length and chain, the compactor's plate width, both serial numbers once delivered, and the delivery charge. Attachments bought with the machine, such as a second chain, can sit on the same invented request.
County Business Patterns counted 6 electrical contractors with paid employees in Ross County, OH for 2023, 4 of them with fewer than five employees.
Trencher and compactor payments: how a Chillicothe, OH contractor spreads the cost over three to five years
The table spreads the invented $20,950 at an 11.35% annual rate.
| Term | Monthly payment | Total of payments | Interest |
|---|---|---|---|
| 36 months | $689.35 | $24,816.60 | $3,866.60 |
| 48 months | $545.03 | $26,161.44 | $5,211.44 |
| 60 months | $459.17 | $27,550.20 | $6,600.20 |
Going from the 36-month row to the 60-month row, the invented trencher payment drops $230.18 while the interest bill grows $2,733.60.
A shorter term ends the payments sooner on machines that wear with use; a longer one leaves more cash in the weeks a general contractor's payment is pending. The equipment financing page sets a lease and a loan side by side for other machines.
Budgeting lumber on account at a Ross County, OH contractor without draining the operating account
In this invented case, a Ross County, OH framing contractor buys $15,640 of lumber on a supplier account due 30 days after delivery. The invented contractor bills the phase on day 30, and the general contractor pays 45 days after the bill, on day 75.
Paying the invented statement on day 30 from the operating account leaves the next 45 days of crew payroll to whatever is left. Carrying the invented lumber statement on a credit line for those 45 days instead, at a 13.45% annual rate, adds $259.35 of simple interest to the $15,640.
Working capital on a fixed six-month term is the other way to carry a materials bill when the contractor wants set payments rather than a revolving balance.
Construction has 66 establishments in the ZIP 45601 sector table on the Chillicothe, OH business loans page, and landscaping crews sit with contractors in the Job sites, plants and garages group on the trades page.
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