Ledgecrest Lending takes the request by phone or the request form and passes it to funding partners, who decide whether to offer equipment financing, working capital or a line of credit, and on what terms.
Invented cases for a three-machine turf renovation package, a set of hardscape tools priced on equipment financing and on a 12-month working capital term, and a second crew cab pickup whose payment overlaps the first, plus Madison County, KY landscaping counts from CBP 2023, ZBP 2023 and Nonemployer Statistics 2024.
At a glance
- Landscaping Services (NAICS 561730), Madison County, KY
31 employer establishments (CBP 2023)
- Of those, fewer than 5 employees
26, or 83.9% (CBP 2023)
- Landscaping employers with a ZIP 40475 address
22 (ZBP 2023)
- Landscaping businesses with no paid employees, Madison County, KY
155 (Nonemployer Statistics 2024)
What landscaping equipment financing in Richmond, KY can cover for a working crew
The requests that fit a landscaping company here are the ones a crew already in the field runs into: a stand-on aerator or a sod cutter, a block splitter for patio jobs, a pickup for a new crew, or a payroll that lands before a large client pays. With equipment financing, the aerator or splitter being financed can itself serve as security. Working capital and a line of credit cover costs that are not a machine.
- Turf and mowing equipment: aerators, overseeders, dethatchers, mowers and spreaders
- Hardscape tools: block splitters, paver vacuum lifters, stone saws and lasers for grade
- A crew cab pickup or another work vehicle that carries a crew and its tools
- Payroll, plant and stone orders, or irrigation parts bought for a signed client job
Work on the company's own yard or shop, such as a storage building, a wash bay or a fenced equipment yard, is property work and stays outside this site. A funding partner decides whether to offer anything for the items above.
An aerator, overseeder and dethatcher on one schedule for a Madison County, KY lawn care company
Invented figures for illustration: a Madison County, KY lawn care company prices a stand-on aerator at $8,940.00, an overseeder at $6,315.00 and a dethatcher at $3,260.00, $18,515.00 on one dealer quote.
Put on one 36-month schedule at a 12.15% annual rate, the three turf machines would cost the company an invented $616.29 a month. The 36 invented payments come to $22,186.44, so spreading the $18,515.00 costs $3,671.44 in interest.
With all three machines on one quote there is one payment date to plan around instead of three. Each machine should still have its own line with a make, model and price, because a partner that takes the equipment as security may want to see what each piece is worth.
Hardscape tools at a Richmond, KY landscaping company: equipment financing or a working capital term
Invented figures for illustration: a Richmond, KY landscaping company that has started laying patios prices a block splitter at $4,780.00, a paver vacuum lifter at $7,350.00 and a stone saw at $3,640.00, $15,770.00 in all. The same tools are priced two ways in this invented case.
| Product | Monthly payment | Total of payments | Interest |
|---|---|---|---|
| Equipment financing, 36 months at 11.8% | $522.28 | $18,802.08 | $3,032.08 |
| Working capital, 12 months at 15.2% | $1,424.86 | $17,098.32 | $1,328.32 |
In this invented comparison the equipment financing payment is $902.58 a month lower, and it adds $1,703.76 of interest because the balance is carried for two more years. The invented working capital term costs less in interest but asks for $1,424.86 every month for a year.
Which one fits depends on how much of each month's deposits the business can set aside. A funding partner may offer one, both or neither, and it sets the rate and term.
A second crew cab pickup while the first is still being paid off in Madison County, KY
Invented figures for illustration: a Madison County, KY landscaping company still pays $812.40 a month on its first crew pickup, with 14 payments left. It adds a second crew and finances a $49,600.00 crew cab pickup over 60 months at a 10.1% annual rate, an invented $1,056.30 a month.
| Months | First pickup | Second pickup | Paid each month |
|---|---|---|---|
| 1 to 14 | $812.40 | $1,056.30 | $1,868.70 |
| 15 to 60 | $0.00 | $1,056.30 | $1,056.30 |
For the first 14 invented months the company sends $1,868.70 a month toward pickups, and after that the invented outlay drops to $1,056.30. The remaining invented payments on the first pickup add $11,373.60, and the second pickup's 60 invented payments total $63,378.00, $13,778.00 of it interest.
The overlap months are the ones to test against the bank statements, since the new crew's wages begin in the same weeks as the new payment.
Crew sizes behind Madison County, KY landscaping services, CBP 2023
County Business Patterns counted 31 employer establishments under Landscaping Services in Madison County, KY for 2023, with 105 paid employees and $3.2 million of annual payroll. Of those 31, there were 26 with fewer than five people on payroll, an 83.9% share.
Sorting employers by street address instead, ZIP Code Business Patterns listed 22 landscaping companies in ZIP 40475 for 2023.
Nonemployer Statistics, a separate program for businesses with no paid employees, listed 155 landscaping businesses in Madison County, KY for 2024, with $3.5 million of receipts between them. The owner-run count stands on its own and is not added to the 31 employers. Other trades are on the industries page, and county figures for all employers are on the Richmond, KY page.
Zero-turns, an enclosed trailer, a dump truck and a used mower are priced in mowers and a dump truck for Richmond, KY crews.
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