Have the seller's quote ready and call (505) 546-4106; funding partners review the request and set any terms.
Equipment financing ties the payments to a specific machine or fixture. This page walks through store coolers, concrete and painting equipment, a restaurant line and hotel furnishings, each with an invented payment example.
At a glance
- Traveler accommodation, McKinley County, NM
31 employer establishments (CBP 2023, NAICS 7211)
- Grocery and convenience stores, McKinley County, NM
16 employer establishments (CBP 2023, NAICS 4451)
- Specialty trade contractors, McKinley County, NM
36 employer establishments (CBP 2023, NAICS 238)
Grocery and C-Store Equipment Financing in Gallup, NM: Refrigerated Cases and Reach-In Coolers
Cold cases are the equipment a grocery or convenience counter cannot run without, and they wear out on their own schedule. A financing request for a Gallup, NM store can cover reach-in coolers, refrigerated display cases, an ice merchandiser, point-of-sale registers and shelving, as long as each item is on the seller's quote.
Grocery and convenience stores (NAICS 4451) had 16 employer establishments in McKinley County, NM in 2023 (County Business Patterns). ZIP Code Business Patterns lists 11 grocery and convenience store establishments (NAICS 4451) at a ZIP 87301 address for the same year. Gasoline stations (NAICS 4471) had 44 county establishments; their store side counts here, while the fuel side of a station and the lot it sits on are site work outside this site.
| Item | Figure |
|---|---|
| Equipment price | $18,500 |
| Down payment | $2,500 |
| Amount financed | $16,000 |
| Rate (annual %) | 11% |
| Term (months) | 48 |
| Monthly payment, rounded | $413.53 |
| Interest in total | $3,849.44 |
| Total cost including the down payment | $22,349.44 |
The payment is rounded to the cent first; the totals are that payment times the term, so they can be checked by hand.
Concrete Equipment Financing Options for McKinley County, NM Contractors: Mixers and Skid Steers
Concrete equipment financing options come down to what the machine is and how long it will earn. A McKinley County, NM contractor can put a skid steer, a towable mixer, a walk-behind saw or a flatbed trailer on one request. For a used machine, a partner may ask for the hours, the year and photos as well as the price.
| Item | Figure |
|---|---|
| Equipment price | $42,000 |
| Down payment | $4,200 |
| Amount financed | $37,800 |
| Rate (annual %) | 9.5% |
| Term (months) | 60 |
| Monthly payment, rounded | $793.87 |
| Interest in total | $9,832.20 |
| Total cost including the down payment | $51,832.20 |
Construction (NAICS 23) had 59 employer establishments in McKinley County, NM in 2023, and 47.5% of them had fewer than five employees (County Business Patterns).
Nonemployer Statistics counted 228 construction businesses with no paid employees in the county for 2024. A one-person outfit can still finance a machine; a partner may look harder at the owner's own records.
Painting Equipment Financing Options: Sprayers and Lifts for Gallup, NM Painters
Painting equipment financing options suit a crew that is renting the same lift every month. An airless sprayer, a scissor lift, a pressure washer and the trailer that carries them can go on one quote, and owning them ends the rental bill.
| Item | Figure |
|---|---|
| Equipment price | $11,800 |
| Down payment | $0 |
| Amount financed | $11,800 |
| Rate (annual %) | 12.5% |
| Term (months) | 36 |
| Monthly payment, rounded | $394.75 |
| Interest in total | $2,411.00 |
| Total cost including the down payment | $14,211.00 |
Specialty trade contractors (NAICS 238), the code that includes painting contractors, had 36 employer establishments in McKinley County, NM in 2023; 16 of them, or 44.4%, had fewer than five employees (County Business Patterns).
Equipment Financing for a Gallup, NM Restaurant: Fryer Line, Range and Prep Tables
A Gallup, NM kitchen can finance the cooking equipment that sits on the floor: a range and fryer line, a flat-top griddle, stainless prep tables, a dish machine, reach-in refrigeration, or a concession trailer for events and lots. Food and paper orders are not equipment; they belong on working capital or inventory financing.
| Item | Figure |
|---|---|
| Equipment price | $38,000 |
| Down payment | $6,000 |
| Amount financed | $32,000 |
| Rate (annual %) | 10.5% |
| Term (months) | 60 |
| Monthly payment, rounded | $687.80 |
| Interest in total | $9,268.00 |
| Total cost including the down payment | $47,268.00 |
McKinley County, NM had 40 full-service restaurants (NAICS 722511) and 52 limited-service restaurants (NAICS 722513) with paid employees in 2023 (County Business Patterns).
Hotel Equipment Financing in Gallup, NM: Room Furniture, Seating and Laundry Machines
Hotel equipment financing companies can ask three things: what is being bought, how many rooms it covers, and how the property's revenue has run. A Gallup, NM hotel or motel can ask about beds and case goods, seating, commercial washers and dryers, and breakfast-area appliances. Heating and cooling units are part of the building and stay off the list.
| Item | Figure |
|---|---|
| Equipment price | $48,000 |
| Down payment | $0 |
| Amount financed | $48,000 |
| Rate (annual %) | 8.5% |
| Term (months) | 60 |
| Monthly payment, rounded | $984.79 |
| Interest in total | $11,087.40 |
| Total cost including the down payment | $59,087.40 |
Traveler accommodation (NAICS 7211) counted 31 employer establishments in McKinley County, NM in 2023, with 453 people on payroll in the March pay period (County Business Patterns). For ZIP 87301, ZIP Code Business Patterns shows 30 traveler accommodation establishments in 2023.
To test a quote of your own, the calculator on this page needs four entries (price, any down payment, the rate (annual %) and the months) and gives back a monthly estimate, the interest over the term and the all-in cost with the down payment. Nothing typed into it is sent anywhere.
By Rainview Business Loans · Updated