Call (319) 422-3298 or use the request form; Sprucehollow Financial brings the plant's request to funding partners, and the partner that reviews it decides.
Equipment agreements for new and used machines, inventory financing for material, a term loan for a line or a larger purchase: which one fits each plant cost on this page.
At a glance
- Manufacturing (NAICS 31-33), Des Moines County, IA
44 employer establishments (CBP 2023)
- Manufacturing payroll, Des Moines County, IA
$257.9 million (CBP 2023)
- Manufacturing with a ZIP 52601 address
27 employer establishments (ZBP 2023)
- Fabricated metal product manufacturing (NAICS 332), Des Moines County, IA
9 employer establishments (CBP 2023)
CNC machine financing in Burlington, IA: mills, lathes and the tooling package
A CNC mill or lathe arrives with more than the machine: the tooling package, workholding, the controller software and the rigging to set it on the floor; electrical hookup is property work outside this site. Equipment financing can take in the machine and the items on the dealer's invoice, with the machine itself as security.
| Measure | Value | Area | Program |
|---|---|---|---|
| Employer establishments | 44 | Des Moines County, IA | CBP 2023 |
| Share with fewer than 5 employees | 25.0% | Des Moines County, IA | CBP 2023 |
| Paid employees, March 2023 pay period | 4,433 | Des Moines County, IA | CBP 2023 |
| Annual payroll | $257.9 million | Des Moines County, IA | CBP 2023 |
| Employer establishments | 27 | ZIP 52601 | ZBP 2023 |
Manufacturing equipment loans in Burlington, IA: tooling, maintenance parts and larger orders
Plants in Des Moines County, IA are large employers by local standards. Dividing the sector's 4,433 paid employees by its 44 establishments gives about 101 per location, against about 17 for all 1,065 employer establishments in the county (our arithmetic on CBP 2023).
That scale shows up in the costs. Tooling wears and is replaced on a schedule, maintenance parts are bought ahead so a line does not stop, and a larger order means more material and more labor before the customer pays. Tooling and spares can be added to an equipment agreement or carried on a term loan; the material for a big order is a separate question, covered below.
Machine shop financing in Burlington, IA: dies, inspection gauges and bar stock
Fabricated Metal Product Manufacturing (NAICS 332), the code that includes machine shops, held 9 employer establishments in Des Moines County, IA in 2023. ZIP 52601 addresses carried 6 establishments coded 332 in ZBP 2023.
A machine shop's purchases are specific. Press brakes and band or cold saws cut and form the raw stock; dies are made or bought for each part; inspection gauges and a coordinate measuring machine confirm the work. Bar stock and plate are inventory, which inventory financing can fund against the material itself.
A press brake order shows how one request can be split. The brake and its tooling go on an equipment agreement, the first load of plate for the contract the brake was bought to run goes on inventory financing, and the electrician who runs a new circuit to the machine is installation that the dealer's invoice may or may not include. Naming those three lets a partner price each one.
Business loan to buy machinery in Burlington, IA: packaging lines, conveyors and pallet racking
Des Moines County, IA had 4 employer establishments in Food Manufacturing (NAICS 311) in 2023. For a food plant, or any plant that ships finished goods, a packaging line, conveyors and pallet racking are machinery purchases that change how much the floor can move in a shift.
Conveyors and racking can be quoted by an integrator with model details, freight and supplier setup itemized. A partner can ask which lines are movable hardware and which are fixed installation work; movable equipment can be financed, while fixed construction is excluded.
Illustration only, invented figures: a plant buys a press brake for $145,000 on a term loan of 84 months at 8.9% a year. The payment is $2,325.56 per month; eighty-four payments add to $195,347.04 in total, of which $50,347.04 is interest.
Used CNC machine financing in Burlington, IA: welding cells, grinders and shop air
Used CNC machines, welding cells, grinders and the compressor and piping for shop air can all be financed, but a used machine needs its history: the hours on the spindle, the age of the control, whether it was seen running under power. A partner may ask for the dealer's inspection or a third-party appraisal.
Raw material buys come after the machine is running. A purchase order from the customer is the document that ties the material to a sale, and an inventory loan or a credit line can carry the material until the invoice is paid.
Separately, Nonemployer Statistics counted 54 manufacturing businesses (NAICS 31-33) in Des Moines County, IA in 2024 with no paid employees. Other local counts are on the Burlington, IA page.
The blog post on plant equipment financing sets a used press against a new one and compares two loan terms.
By Sprucehollow Financial ยท Updated
