An Alternative Method to Pay for New CNC Machines
Financing might be a more attractive option to using conventional bank loans or cash on hand to purchase new CNC capital equipment as one industry expert explains.
CNC machine shops are typically quick to use traditional resources , such as their local bank or perhaps their cash on hand. However, there are other financing strategies that shops can benefit from that they might not consider enabling them to keep their cash or line of credit for expenses such as expansion, payroll or raw material. In the video below, Huong Do, vice president of business development for Machinery Finance Resources, describes ways shops can benefit from an alternate financing strategy.