Equipment Financing in Lexington, SC: Kitchen Lines, Shop Lifts and Dental Chairs

A salon request can cover styling chairs, hood dryers, hair color processors, pedicure chairs and the color bar. Freestanding pieces for a salon suite, such as styling stations, mirrors and storage carts, can be financed with the equipment. Shampoo plumbing, lighting, built-in cabinetry and other work on the space itself are building work outside this site.

Salons with a staff and chair renters both show up in the federal counts. A salon owner pricing new stations is one of the 79 beauty salons on a payroll in Lexington County, SC (County Business Patterns 2023, NAICS 812112). Nonemployer Statistics, a separate program, counted 794 beauty salons with no paid employees there in 2024, and a suite renter can send a request the same way a staffed salon can.

A skid steer, mini excavator or telehandler bought used can come in well under the new price, and that purchase can be financed as well. What a partner can look at is the machine more than the paperwork: its age, its hours, its service records and who is selling it.

• The hour-meter reading, plus the model year.
• An inspection report, from the dealer or an independent mechanic.
• A dealer invoice or a private bill of sale, with the serial number.
• Whether the machine is clear of liens before the sale.
• A shorter term than a new machine would get, matched to its remaining life.

Illustration only, invented figures: a builder finds a used mini excavator for $64,000 and puts $9,000 down, leaving $55,000 to finance. Enter that price and down payment in the calculator on this page with a rate (annual %) and a term in months, and it returns three figures: the monthly payment, the interest over the term, and what the machine costs in all once the down payment is added back.

Builders with a ZIP 29072 address and paid staff numbered 33 in ZIP Code Business Patterns for 2023 (residential building construction, NAICS 2361).

Both end with the station owning the equipment. With an equipment loan, the partner lends the money and takes a lien on the walk-in cooler, ice machine or point-of-sale system. With an equipment finance agreement, the station signs one contract to pay for the equipment over a set term, and the provider pays the vendor. The paperwork differs; the monthly payment, the term and what happens at payoff are what to compare side by side.

• Early payoff: allowed or not, and what it would cost.
• Ask who holds the title or lien while payments run.
• Ask what happens if the equipment is damaged before payoff.

A $1 buyout lease works like a purchase on payments: the shop leases the lift for the full term, and at the end it pays $1 and owns it. Payments run higher than on a fair market value lease because they cover the whole price.

Illustration only, invented figures: a two-post lift with installation costs $9,800. The shop signs a 48-month lease priced at an annual rate of 12%, and each lease payment is $258.07. The 48 payments plus the $1 buyout come to $12,388.36, which is the full cost of owning the lift this way.

For automotive repair and maintenance, the county count is mostly small shops: 113 of 184 employer establishments in Lexington County, SC had fewer than five employees in 2023 (County Business Patterns, NAICS 8111).

A fair market value lease charges for the use of the equipment over the term, not its whole price. When the term runs out, the builder picks one of three exits: hand the gear back, sign on for more months, or pay its value at that point and keep it. It suits gear that ages or gets replaced on a cycle: laser levels, survey instruments, compact equipment the builder does not plan to keep.

Illustration only, invented figures: on $42,000 of compact equipment over 36 months at an annual rate of 11%, a lease that leaves $12,600 of value at the end has a payment of $1,078.02. Paying the full price over the same term would cost $1,375.03 a month, or $297.01 more each month, but the builder would own the equipment at the end instead of handing it back or paying for it again.

1. Ask the vendor for a written quote that names the model and the price.
2. Phone (803) 455-2971, or open the request form; it takes contact details, the company name, years in business, revenue and the dollar amount.
3. A funding partner reviews the business and the equipment, and may ask for the quote and bank statements.
4. If it offers terms, the partner pays the vendor, and the equipment secures the balance.
5. The station makes monthly payments until the balance is paid, or the lease ends.

The same steps apply to a restaurant's second fryer line, or to dental chairs and imaging for one of the 129 offices of dentists with paid staff in Lexington County, SC (County Business Patterns 2023, NAICS 6212). Kitchen lines, shop lifts, dental chairs, clinic ultrasound units and child care vans all have serial numbers, which is what lets the equipment secure the deal.