Tooele County, UT had 43 establishments under Manufacturing (NAICS 31-33) in 2023, with 1,973 paid employees between them (County Business Patterns).
A Tooele, UT plant borrows for machines, tooling, materials and payroll before an order ships. Equipment financing fits conveyors and added machines; working capital or a term loan fits a second shift and tooling. Quotes and orders go to funding partners for review, and any terms come from them.
At a glance
- Manufacturing (NAICS 31-33), Tooele County, UT
43 employer establishments (CBP 2023)
- Paid employees at manufacturing establishments, Tooele County, UT
1,973 (CBP 2023)
- Plants with fewer than five employees, Tooele County, UT
27.9% (CBP 2023)
- Manufacturing establishments with a ZIP 84074 address
32 (ZBP 2023)
Business Loans for Manufacturing Companies When a Manufacturer Plans a Line Upgrade
A line upgrade can mean new conveyors between stations, a higher-speed filler or labeler, PLC controls that tie the line together, or all of it at once. The quote from the integrator or machine builder sits at the center of an equipment financing request: it lists each machine, the controls, freight and installation, and it gives the delivery date.
Downtime is the cost that slips out of the budget. If the old line stops for two weeks during the changeover, payroll and fixed bills keep running without the output, and working capital can carry that stretch while the equipment request covers the machines.
Illustration only, invented figures: put $186,000 of conveyors and controls on an 84-month schedule at an annual rate of 8.9%, and each monthly installment is $2,983.14. The 84 payments total $250,583.76, so spreading the cost out adds $64,583.76 in this example.
Business Loans for Manufacturing Companies When a Manufacturer Plans a Second Shift
A second shift is a payroll decision before it is anything else. Machines that sat idle overnight start earning, but the new operators get paid every two weeks while the orders they run are invoiced and collected on the customer's terms.
Illustration only, invented figures: six operators at $23.50 an hour for 40 hours cost $5,640 a week, or $11,280 a payroll. If the customer pays 45 days after the first shift ships, 3 or 4 of those payrolls fall inside the wait, depending on where the first payday lands: $33,840 to $45,120 to carry before the first payment arrives.
For scale, the county's manufacturers paid $120.2 million in annual payroll across 1,973 employees in 2023 (CBP), about $60,920 per employee by our arithmetic. Just 27.9% of the 43 plants had fewer than five employees, so payroll swings the size of a shift are part of the picture here.
Business Loans for Manufacturing Companies When a Manufacturer Plans Tooling
Tooling is awkward to finance on its own. A die, a mold or a set of fixtures built for one customer's part has little value to anyone else, so a partner can treat it differently from a general-purpose machine. A term loan sized to the tooling and backed by the purchase order it serves is one way to frame the request; working capital is another when the tooling is small next to the order.
- The toolmaker's quote, with the delivery date
- The customer's purchase order or production agreement
- Expected tool life in parts or cycles
- Whose name the tooling sits under after the last payment
- Any schedule under which the customer reimburses the tooling over the first run
A plant that builds its own fixtures in its toolroom can still frame the request around steel, inserts and the toolmakers' hours. That is a working capital question, sized from the purchase order rather than from an outside quote.
Business Loans for Manufacturing Companies When a Manufacturer Plans Added Capacity
Added capacity here means a second machine beside the first: another CNC router, a second press brake, a packaging cell. It is an equipment request with a quote, plus raw material bought before the new capacity has orders to run, which can be inventory financing or a line of credit. A larger building or buying the plant itself is property work outside this site. The material itself (steel coil, resin, film, pallets of ingredients) shows up on a supplier invoice or purchase order, and that paper tells the partner what the draw pays for.
Plants with a ZIP 84074 street address numbered 32 in the 2023 ZIP Code Business Patterns file; just under a third of them, 31.2%, had fewer than five people on payroll. In the county file, 4 establishments fall under Food Manufacturing (NAICS 311) and 5 under Fabricated Metal Product Manufacturing (NAICS 332).
Machine repair shops and other trades have short notes on the industries page, and the Tooele, UT city page carries the county and ZIP 84074 employer counts.
By Laurelmont Commercial Capital ยท Updated
