Baymark Commercial Capital in Marion, Indiana helps Grant County owners request equipment loans and leases for new and used machines. Funding partners review each request and set any amount, rate, term and end-of-lease option.
At a glance
- Manufacturing payroll, Grant County, IN
Manufacturing employers, Grant County, IN: 57 establishments with $302.5 million in annual payroll (CBP 2023)
- Construction employers
Construction employers, Grant County, IN: 100 establishments (CBP 2023)
- Full-service restaurants
Full-service restaurants, Grant County, IN: 41 employer establishments (CBP 2023)
Gym Equipment Financing in Marion, IN: Rowing Machines, Cable Stations and Free-Weight Racks
A gym or studio buying rowing machines, cable stations and free-weight racks can finance them like any other equipment: the dealer quote sets the price, the machines back the loan or lease, and the term follows their working life. Commercial cardio machines and strength stations last for years, so a term measured in years fits them; small items such as mats and bands are better bought outright.
Grant County, IN had 4 fitness and recreational sports centers with paid employees in 2023 (County Business Patterns, NAICS 713940), too few for a page of their own; gyms are covered on the industry list.
Office Equipment Financing Near Marion, IN for Phone Systems, Workstations and Agency Software
An insurance agency or a professional office buying phone systems, workstations, monitors, printers and agency software can bundle them into one equipment package. Hardware finances easily because it has resale value; software licenses and installation often can be included in the same deal if the vendor bundles them, but some lenders cap the soft-cost share.
Office equipment goes out of date sooner than a lift or an oven, so a shorter term keeps the payment from outlasting it. The insurance agency loans page covers office moves and producer hiring.
Restaurant Equipment Financing in Marion, IN: Combi Ovens and Reach-In Freezers
A restaurant replacing a combi oven or adding reach-in freezers has one of the clearest equipment requests there is: a quote, a model, an install date. Partners read the restaurant's sales history, the age of the kitchen and whether the new unit replaces a failing one or adds capacity.
In 2023 the county file listed 41 sit-down (full-service) restaurants and 51 counter-service (limited-service) restaurants with payroll in Grant County, IN (County Business Patterns). Hoods, walk-ins and dish machines finance the same way, though installed items such as hoods may be harder for a lender to recover and can carry different terms. See the restaurant loans page.
Dental and Medical Equipment Financing in Marion, IN: Intraoral Scanners and Panoramic X-Ray
Dental and medical offices finance intraoral scanners, panoramic X-ray units, chairs, sterilizers and exam tables. These are high-value items with active resale markets, and specialist medical equipment lenders often know the models well.
Grant County, IN had 15 offices of dentists and 21 offices of physicians with paid employees in 2023 (County Business Patterns). Imaging units can need room work, shielding and state registration before use, so build the install timeline into the request; the loan may fund before the unit sees its first patient.
Construction Equipment Financing in Marion, IN: Telehandlers, Mini Excavators and Dump Trucks
Contractors financing telehandlers, mini excavators and dump trucks deal with lenders who price on the machine's resale value. Popular makes with active used markets finance more readily than specialty machines. For used units, expect questions about the year, the hours on the meter and an inspection.
- Telehandlers: lift height and capacity set the price; forks and buckets can go on the same quote.
- Mini excavators: attachments such as thumbs and augers can be financed with the machine.
- Dump trucks: chassis and body are often financed together; ask whether the upfit is included.
Construction employers with payroll numbered 100 in Grant County, IN in 2023 (County Business Patterns). See the construction business loans page.
Machining Centers, Welders and Plasma Tables for Grant County, IN Manufacturers
Manufacturing is the largest payroll sector in Grant County, IN: 57 employers paid $302.5 million in wages in 2023, and 14 fabricated metal product manufacturers employed 315 people (County Business Patterns). A machine shop or fabricator buying a vertical machining center, a welding cell or a plasma table is buying a machine that can run for many years, which suits a long equipment term.
Large machines bring rigging, foundation and power work that can cost a meaningful share of the machine price; ask whether a lender will include it. The article on how manufacturers finance machinery walks through a purchase.
Food Truck Equipment Financing for a Grant County, IN Restaurant Adding a Mobile Kitchen
A restaurant already running a kitchen and adding a food truck or trailer can finance the vehicle and its kitchen equipment together. Lenders read it as a vehicle plus equipment, and they look first at the parent restaurant's sales record. A food truck without an existing food business behind it is a startup request, which Baymark does not arrange.
Plan for the county health department's mobile food rules and the City of Marion's rules on where the truck may park before buying; the truck cannot earn until both are settled.
Office Workstations, Lifts and Trucks: Loan or Lease for a Grant County, IN Business
A loan and a lease pay for the same machine in different ways. With a loan, the business owns the machine and pays it off. With a lease, the lessor owns it during the term, and the end of the lease decides what happens next: buy it for a set price, buy it at fair market value, return it or renew.
Illustration only, invented figures: a $28,500 combi oven financed on a 60-month loan at an annual rate of 9.75% carries a payment of about $602 a month and about $36,122 paid in all (our arithmetic). A lease on the same oven may show a lower monthly payment, but compare the total of all payments plus the end-of-lease buyout before choosing.
Try your own figures in the machine payment calculator, or see the six funding types, the Marion, IN figures and the retail page for store fixtures.
The articles section covers buying out a retiring repair shop owner, how store owners finance fixtures and how a secured credit line works.
By Baymark Commercial Capital · Updated