Tealford Business Capital in Houma, Louisiana helps Terrebonne Parish, Louisiana machine shops and fabricators request funding. The parish counted 45 fabricated-metal manufacturers in 2023 with 1,556 employees. This page covers machinery finance companies, industrial equipment financing, CNC machine loans, welding rigs, shop payroll on long payment terms and the records partners read.
At a glance
- Fabricated-metal manufacturers, Terrebonne Parish, LA
45 (County Business Patterns 2023)
- Fabricated-metal employees
1,556 (County Business Patterns 2023)
- Machinery repair shops
50 (County Business Patterns 2023)
Machine Shop Loans in Terrebonne Parish, LA: The Fabricators Counted
County Business Patterns counted 45 fabricated-metal product manufacturers in Terrebonne Parish, LA in 2023, the code that includes machine shops, with 1,556 employees and $111.1 million in annual payroll, about $71,393 per employee (our arithmetic); 28.9% had fewer than five employees (County Business Patterns 2023). Manufacturing as a whole counted 118 employers with $250.4 million in payroll.
Around them sit 50 commercial and industrial machinery repair shops, 65 machinery and equipment wholesalers and 62 businesses in support activities for mining, which includes oil and gas field services (County Business Patterns 2023). Nonemployer Statistics counted 34 fabricated-metal businesses without payroll in 2024 (Nonemployer Statistics 2024).
Machinery Finance Companies Near Houma, LA: Three Kinds
Machine tool makers and dealers run finance programs on the brands they sell. Banks and credit unions finance machines for established customers, sometimes alongside a line of credit. Independent equipment finance companies fund new and used machines from any seller, including auctions and private sales with an inspection. Each reads the machine's resale value, and the shop's deposits and credit.
Tealford matches a request with funding partners across these kinds; a partner reviews it and decides. Equipment financing explains loans and leases.
Industrial Manufacturing Equipment Financing: Total Cost, Not Just Rate
- Rate and term, and whether the term fits the machine's working life.
- Soft costs: rigging, installation, tooling and training, and whether they are funded.
- Down payment required for used machines.
- Whether the lien covers only the machine or all shop assets.
- End-of-term options on a lease.
Illustration only, invented figures: a $128,000 press brake financed in full over 72 months at an invented 9.2% annual rate costs about $2,320 a month (our arithmetic).
CNC Machine Loan Terms: What Changes With a Used Machine
A used CNC machine costs less, but a funder reads its age, hours, control system and service history, and can offer a shorter term or ask for a larger down payment. An inspection report and the machine's maintenance log give the funder what it needs. A machine whose control is no longer supported can be hard to value, so check that before agreeing a price.
CNC Machinery Loan: Request Steps for a Fabrication Shop
- Get the quote with rigging, installation and tooling listed.
- List the jobs or customers the machine will run work for.
- Gather statements, returns and existing equipment payments.
- Send the request with the full installed price as the amount.
- Compare loan and lease offers on total cost.
Illustration only, invented figures: a CNC lathe billed at $95 an hour for 120 hours a month brings in about $11,400 a month (our arithmetic), the figure to set against its payment.
Welding Rigs and Plasma Tables Financed With the Truck or Separately
Illustration only, invented figures: a $16,800 multiprocess welder financed over 48 months at an invented 9.9% annual rate costs about $425 a month (our arithmetic). A truck-mounted rig can be financed with the truck as one unit or as two items; splitting them can let each carry a term matched to its life.
The welding machine article goes further on welders and plasma tables.
Machinery Finance Worked Through: A CNC Lathe Purchase
Illustration only, invented figures: a Houma, LA shop buys a $185,000 CNC lathe, puts $18,500 down and finances the rest over 84 months at an invented 9.4% annual rate. Each month the shop pays about $2,713 by our arithmetic, set against the hours the lathe bills.
If the lathe runs fewer billable hours than planned in its first months, the payment does not change, so partners read the shop's existing workload and the customers named for the new machine.
Shop Payroll While a Large Customer Pays on Long Terms
Fabricators that work for larger industrial customers pay welders and machinists weekly while invoices are paid on 30, 60 or 90 days. Illustration only, invented figures: a shop with a weekly payroll of $21,500 waiting five weeks on a large invoice carries a $107,500 gap (our arithmetic). A line of credit sized from receivables covers that pattern; working capital covers a one-time gap.
CNC Machine Bank Loan: The Records a Partner Reads
- Business tax returns for recent years.
- Year-to-date financial statements.
- Business bank statements.
- Receivables aging and the main customer contracts.
- Machine quotes, inspection reports for used machines, and existing equipment payments.
The Houma, LA page has the parish counts.
The article on financing a welding machine works through a multiprocess welder and a plasma table with invented figures.
By Tealford Business Capital · Updated