Mesashore Finance helps Texarkana, Arkansas manufacturers request funding for machines, raw materials, plant expansions and payroll while customers pay. Miller County, AR had 27 manufacturing employers in 2023 with 2,366 paid employees (County Business Patterns); funding partners review each request.
At a glance
- Manufacturing payroll, Miller County, AR
$160.6 million, the largest sector (CBP 2023)
- Manufacturing employees, Miller County, AR
2,366, the most of any sector (CBP 2023)
- Manufacturing employers, Miller County, AR
27 (CBP 2023)
- Fabricated metal manufacturers incl. machine shops, Miller County, AR
6, with 333 employees (CBP 2023)
Manufacturing Equipment Financing for Packaging Lines and Press Brakes in Texarkana, AR
A packaging line, a press brake, a laser cutter or a robotic welding cell is a machine with a long working life and a resale market, which is what equipment financing is built around. The machine secures the financing, and the term can be set near the years the plant expects to run it.
Illustration only, invented figures: a $210,000 packaging line with $21,000 down, financed over 72 months at an invented annual rate of 9%, would cost about $3,407 a month and about $245,292 over the term (our arithmetic). Installation, rigging and electrical work may be financed with it or separately; ask the partner. Equipment financing covers leases and loans in more detail.
Loan for a Manufacturing Company's Raw Materials in Miller County, AR
A large order often means buying steel, resin, lumber or packaging before production starts. That purchase is paid off when the finished goods ship and the customer pays, which may be months away. Funding sized to the material and paid down as the order is billed fits the cycle.
Partners reading a raw-material request look at the customer purchase order, the customer's payment history, the supplier quote and the plant's current obligations. Inventory financing covers material used as collateral.
Business Loans for a Manufacturing Business Waiting on Slow-Paying Customers in Texarkana, AR
Larger customers often pay on net-60 or longer terms. The plant has paid for material, labor and freight by the time the invoice goes out, and then waits two months or more. Between those dates, payroll still falls due every week or two.
Illustration only, invented figures: a plant waiting on $75,000 in invoices takes a $75,000 working capital loan over 4 months at an invented annual rate of 13%. The monthly payment would be about $19,261, with about $2,042 in interest over the term (our arithmetic). A line of credit tied to receivables is the alternative when the wait repeats every month.
Loans for a Manufacturing Business Expanding Its Plant Floor
A plant expansion adds space, power, a loading dock or a mezzanine as well as machines. The building work has no resale value on its own, so it is usually financed with a term loan or a commercial mortgage, while the machines can go on equipment financing.
- Contractor bids for the building work and the electrical upgrade.
- Equipment quotes for the machines that will fill the space.
- Financial statements for recent years and a current balance sheet.
- The contract, forecast or backlog that the added capacity will serve.
Food Manufacturing Loans in Texarkana, AR: Mixers, Ovens and Packaging Equipment
Food plants run mixers, ovens, fillers, freezers and packaging equipment, and carry ingredients that spoil. Equipment financing covers the machines; ingredient purchases fit short money paid down as product ships, since perishable stock is rarely accepted as collateral.
Food manufacturing counted 3 employer establishments in Miller County, AR in 2023, with 95 paid employees (County Business Patterns). Food-safety rules and inspections apply to food plants; confirm requirements with the state before planning a new line.
Heavy Machinery Loans for Miller County, AR Equipment Dealers and Repair Shops
Industrial repair shops and equipment dealers finance service trucks, welding rigs, lifting gear and rental units the same way a plant finances machines: the equipment secures the loan, and the term follows its working life. Partners look closely at hours and condition on used units.
Machinery, equipment and supplies merchant wholesalers counted 8 employer establishments with 109 paid employees in Miller County, AR in 2023, and commercial and industrial machinery repair shops 3 (County Business Patterns).
Manufacturing Payroll in Miller County, AR Set Against Every Other Sector
Manufacturing had 27 of Miller County, AR's 730 employer establishments in 2023, but its payroll of $160.6 million was the largest of any sector and its 2,366 paid employees the most of any sector (County Business Patterns). By our arithmetic, that is 31.7% of the county's employer payroll and 21.7% of its paid employees.
| Sector | Employer establishments | Paid employees | Annual payroll |
|---|---|---|---|
| Manufacturing | 27 | 2,366 | $160.6 million |
| Transportation and warehousing | 44 | 1,445 | $68.6 million |
| Health care and social assistance | 92 | 1,283 | $49.7 million |
| Retail trade | 110 | 1,158 | $35.8 million |
| Construction | 58 | 650 | $33.8 million |
Fabricated metal product manufacturing, which includes machine shops, had 6 of the 27 manufacturing employers and 333 paid employees. Manufacturers without employees are counted elsewhere, in Nonemployer Statistics, which found 35 in Miller County, AR for 2024.
For more, see the full industry list, ZIP 71854 figures and working capital loans.
For a worked example, read about how plants pay for new machinery.
By Mesashore Finance ยท Updated
