Ironport Capital Group, a small-business funding service in Logan, Utah, helps Cache County owners request equipment financing for new or used machines, vehicles, trailers and fixtures. The equipment usually secures the deal, which can be a loan, a lease or an equipment finance agreement. Partners review the quote, the asset and the business, and set the rate, term and down payment.
| Usually pays for | Trucks, trailers, mowers, lifts, chairs, imaging, kitchen lines |
|---|---|
| Typical security | The equipment itself |
| Construction employer sites in Cache County, UT (CBP 2023) | 658 Cache County builders, more than any other sector (CBP 2023) |
| Payment check | The equipment payment calculator in the guides section |
How does equipment financing work?
A partner pays the seller for the equipment, and you pay the partner over a set term. Because the equipment secures the balance, partners care about what it is, how long it lasts and what it would sell for if it had to be repossessed. A business loan to buy equipment and an equipment finance agreement work much the same day to day; a lease differs because the partner owns the asset until the end.
| Equipment loan | An EFA, short for equipment finance agreement | Lease | |
|---|---|---|---|
| Who owns it | You own it; the partner holds a lien | You, while the partner holds a security interest | The partner, until any buyout |
| End of term | Final payment made, lien lifted | Paid off and title clear | Hand it back, extend, or buy it |
| Common fit | Gear you will keep running long after it is paid off | Similar to a loan; common with equipment finance companies | Tech that ages fast, or when payment size matters most |
Loans, EFAs and leases are taxed differently; ask your tax preparer which fits. Ask your accountant before choosing on that basis.
Used equipment financing
Used equipment matters to Cache Valley trades because a used skid steer or a second-hand lift can cost a fraction of new. Used equipment financing companies look at age, hours, condition and resale market. Older or specialized items can mean a shorter term or a larger down payment.
- Get a written quote with the serial number, year and hours
- Note whether it is a dealer sale or a private sale; a number of partners stick to dealer sales
- Photos and an inspection report help with older units
- Expect the term to be tied to the remaining useful life
Restaurant equipment financing
Commercial restaurant equipment financing covers ranges, hoods, walk-ins, fryers, dish machines and point-of-sale hardware. Kitchen equipment holds less resale value than vehicles, so partners often weigh the restaurant's deposits more heavily than the equipment itself. A hood and fire suppression install also carries labor and permit costs; see soft costs below.
Cache County had 45 full-service and 104 limited-service restaurant employer establishments in 2023 (CBP). The restaurant and food service page covers the rest of a kitchen's cash cycle.
Contractor equipment financing
Construction equipment financing companies finance excavators, skid steers, compact track loaders, dump trucks, trailers and work vans. Construction led Cache County by employer establishments in 2023, with 658 of 4,140 (CBP), and 69.6% of those builders ran with under five people. For small crews, one machine can be the largest purchase of the year.
Contractors and builders and auto repair shops each have a page on how equipment fits their cash flow. Landscapers buying trailers and mowers will find the article on commercial lawn care contracts useful.
What are soft costs in equipment financing for a Cache Valley, UT purchase?
Soft costs are the parts of an equipment purchase you cannot pick up and move: delivery, installation, training, software licenses, electrical work, and sometimes taxes. Some partners include a share of soft costs in the financed amount; others stop at the machine itself. Ask before you sign the purchase order, because a hood install or a CNC rigging bill can be a large share of the total.
A quote a partner can read
Partners read the quote closely in an equipment request. One that answers their questions up front shows:
- Make, model, year and serial number, with engine hours or usage for used machines
- The price of the equipment separate from delivery, installation and any attachments
- Who the seller is: a dealer, an auction or a private party, with contact details
- Any warranty, and whether it transfers to you
- For used equipment, photos and any inspection or service records the seller has
A private-party or auction purchase can still be financed by some partners, but they may want an inspection or an independent value. Ask early, before the auction closes or the seller takes another offer.
Run the Ironport payment calculator before you call
The equipment payment calculator takes price, down payment, rate and term and returns the monthly payment, total interest and total cost including the down payment. The rate box is yours to fill; partners set real rates after review.
Partners commonly ask for the quote, recent bank statements, the latest tax return and, for used items, the details above. How a request moves explains what happens next, the six funding types show the alternatives, and funding by industry covers specific trades. Cache County context sits on the Logan, UT page.
