A Lincolnton, NC auto repair shop can finance hybrid battery service gear and a new air compressor as equipment, carry drums of fluid on a credit line, and cover technician training with working capital. Plumbend takes the request by phone or form and passes it to a funding partner, which reviews it and sets any terms. Air piping and wiring are property work outside this site.
Four invented cases for one shop: hybrid battery gear on an equipment loan, a rotary screw compressor and dryer, fluids and filters on a credit line draw, and high-voltage training for two technicians on working capital. Anything fixed to the building is property work.
A hybrid battery lift table, insulated tools and a module balancer on a Lincolnton, NC equipment loan
Illustration only, invented figures: a Lincolnton, NC repair shop that wants to take hybrid battery work prices a battery lift table at $7,850, two insulated tool sets at $1,290 each and a battery module balancer at $5,640, an invented $16,070 package.
On an equipment loan at an invented 11.85% annual rate, 42 monthly installments of $469.29 pay for the package. Those invented installments total $19,710.18, which means $3,640.18 of interest.
The lift table rolls on casters and the balancer plugs into an outlet, so nothing in the package is fixed to the building. A funding partner may ask for the supplier quote with model numbers, and the gear secures the agreement while the shop pays.
County Business Patterns 2023 counted 70 automotive repair and maintenance establishments in Lincoln County, NC. Nonemployer Statistics, a separate program, listed 139 businesses in that industry with no paid employees for 2024.
A rotary screw compressor is equipment; the air piping and its circuit are property work
Illustration only, invented figures: the shop's old piston compressor can no longer keep up with its impact tools, and the owner prices a rotary screw compressor at $11,480 and a refrigerated air dryer at $2,360, an invented $13,840.
Financed at an invented 12.2% annual rate over 48 months, the pair runs $365.82 a month. Across the 48 invented payments the shop pays $17,559.36, and $3,719.36 of that is interest.
The compressor and dryer are equipment. The air lines, drops and fittings that carry air to the bays, and the electrical circuit that feeds the compressor, are property work: Plumbend takes no requests for them, and the shop arranges that work separately with the building's owner or its own contractor.
A repair bill on a compressor the shop already owns is an operating cost that working capital can carry instead.
Oil, transmission fluid and filters by the drum on a Lincoln County, NC credit line draw
Illustration only, invented figures: the shop buys four drums of motor oil at $1,165 each, two drums of transmission fluid at $1,240 each and a filter order at $1,935, an invented $9,075 draw on a business line of credit.
If the invented draw is paid down in full after 46 days, as the oil changes and services that use the fluid are paid, the interest at an invented 13.75% annual rate is $157.26.
Fluids and filters are used up job by job, so a revolving line fits them better than a fixed agreement: each paydown reopens the limit for the next order. The drums sit on the shop floor or on a rack, with nothing installed.
High-voltage safety training for two technicians: course fees and wages on working capital
Illustration only, invented figures: before taking hybrid battery jobs, the owner sends two technicians to a four-day high-voltage safety course at $1,875 each, $3,750 in fees. Their wages for the course days, 8 hours a day at $28.50 an hour, come to an invented $1,824.00, so the invented total is $5,574.00.
As working capital at an invented 16.1% annual rate over six months, the cost is $973.11 a month; the six invented payments total $5,838.66, with $264.66 of interest.
Course fees and wages for training days are operating costs, not equipment, so they stay off the battery gear's equipment agreement. Which course a shop chooses is its own decision; the request only covers paying for it.
By Plumbend Lending Group · Updated
