Manufacturing paid $294.3 million in wages in Dyer County, TN in 2023, the largest payroll of any sector, from 36 establishments (County Business Patterns). Goldbrook Financial in Dyersburg, Tennessee passes plant and shop equipment requests to funding partners. This page covers machines, funders, food and metal plants, metal shops and CNC loans or leases.
At a glance
- Manufacturing employers, Dyer County, TN
36, with 4,494 employees (CBP 2023)
- Manufacturing payroll
$294.3 million, 43.4% of all county payroll (CBP 2023, our arithmetic)
- Fabricated metal product employers
6 (CBP 2023, NAICS 332)
Industrial Manufacturing Equipment Financing for Dyersburg, TN Production Lines
Manufacturing counted 36 employer establishments in Dyer County, TN in 2023 with 4,494 employees and $294.3 million in payroll (County Business Patterns, NAICS 31-33). By our arithmetic that is 43.4% of all county payroll and 33.1% of employees, at about $65,482 per employee. Only 19.4% of manufacturers had fewer than five employees, against 48.7% of all employers.
ZIP 38024 held 27 of those manufacturers (ZIP Code Business Patterns 2023). Plants this size buy conveyors, packaging lines, forklifts, compressors and controls, each with a vendor quote and a working life measured in years, which is what equipment financing is built around.
Machinery Finance Companies, Banks and Vendor Programs Near Dyersburg, TN
| Funder type | What it funds | What it reads |
|---|---|---|
| Bank or credit union | Large machines, buildings, plant expansions | Audited or reviewed statements, collateral |
| Equipment finance company | Machines new or used, loans and leases | The quote, the machine's resale market, statements |
| Vendor or manufacturer program | That vendor's own machines | The quote; terms tied to the sale |
Machinery, equipment and supplies wholesalers counted 10 employer establishments in Dyer County, TN in 2023 with 136 employees (County Business Patterns, NAICS 4238). A vendor program can be convenient, but its terms should be compared with an independent offer in total dollars.
Manufacturing Financing Services for Dyer County, TN Food and Metal Plants
Food manufacturing counted 3 employer establishments in Dyer County, TN in 2023 but 722 employees and $46.5 million in payroll (County Business Patterns, NAICS 311). Fabricated metal product manufacturing, which includes machine shops, counted 6 establishments with 108 employees (NAICS 332). Commercial and industrial machinery repair counted 3 (NAICS 811310).
- Food plants: sanitary conveyors, ovens, refrigeration, packaging lines.
- Metal plants: CNC machines, press brakes, welding cells, saws.
- Both: forklifts, compressors, dust and fume control, building upgrades.
A large plant's request runs through its finance team and audited statements; a small shop's rests on the owner's returns and bank statements. The funding types are the same.
For a plant expansion that adds both a building section and machines, the two are funded separately: a real estate or term loan for the structure, equipment financing for each machine, so that each schedule follows the life of what it pays for.
How to Finance a Metal Shop in Dyersburg, TN: Welders, Saws and a Press Brake
Illustration only, invented figures: a Dyersburg, TN metal shop prices its first equipment package:
| Item | Invented quote |
|---|---|
| MIG and TIG welders | $18,500 |
| Horizontal band saw | $14,200 |
| Hydraulic press brake | $62,000 |
| Total (our sum) | $94,700 |
Financed as one package over 60 months at an annual rate of 10%, the payment is about $2,012.10 a month (our arithmetic). A partner reads the shop's contracts or customer orders, the owner's experience and the quotes; for a new shop with no history, the owner's own returns carry more weight.
Machine Shop Financing Options Around Dyersburg, TN
A machine shop has three funding needs that rarely line up: machines, steel and payroll. Machines go on equipment loans or leases. Steel bought for a customer order goes on a line of credit, paid down when the customer pays. Payroll between shipping and payment is working capital.
- Equipment financing for mills, lathes and press brakes.
- A line of credit for steel and parts per order.
- Inventory financing for bar stock kept on hand.
- A term loan for buying an existing shop or a building upgrade.
CNC Machine Bank Loan or Equipment Lease for a Dyer County, TN Shop
A CNC machine can go on a bank loan, an equipment finance company's loan or a lease. Illustration only, invented figures: a $210,000 CNC machining center over 84 months at an annual rate of 9% costs about $3,378.71 a month and about $73,811.34 in total interest (our arithmetic).
- Bank loan: the shop owns the machine with a lien; the bank may want more records and other collateral.
- Equipment loan: the machine secures itself; the quote and the resale market matter.
- Lease: lower or no down payment; check the buyout and the total dollars.
Nonemployer Statistics counted 34 manufacturing businesses without paid employees in Dyer County, TN in 2024, a separate program from the employer counts above; for one-person shops, the owner's returns carry the request.
By Goldbrook Financial · Updated