This post comes right on the heels of “why financing CNC machines makes sense”. And why not – the types of machines are similar in many respects (and, depending on who you are talking to, a “CNC machine” and a “machine tool” might be the exact same thing.) For purposes of our discussion, let’s assume “machine tool” in… Read More »
You wouldn’t think an industry like equipment financing lends itself to funny / interesting stories, but the truth of the matter is, it really does. It’s partly because we touch on so many different industries, and also because our clients often tell us funny bank stories. I have one now, and it involves financing CNC machinery. For those… Read More »
Strange title – I know. You’ll understand in a few. First, let me get out my straw hat and corncob pipe… Every year around this time, Willie Nelson and Neil Young do their Farm Aid concert, and being a fan of both, I usually watch the simulcast (and attended a few years back too – that was fun.)… Read More »
Yes, I’ve been on a used equipment financing kick lately, and why not? It’s 2015, everyone watches their money now (it’s not the spend spend spend 1980’s and 1990’s anymore), and used equipment sometimes makes for a fantastic bargain. Plus, used equipment typically qualifies for a Section 179 deduction, so there’s another feather in its cap. But there… Read More »
Let’s discuss financing used equipment today. Because it’s a topic that doesn’t get nearly as much press as it should. Do you know why it doesn’t get all that much press? Because there aren’t a whole lot of lenders that embrace used equipment financing. And since I work for one of the few who do, I’m almost puzzled… Read More »