allloutmx
Titanium
- Joined
- Mar 6, 2013
- Location
- Rochester, NY
Im still a ways away from a new machine day thread, but still eager as anyone else would expect to get my hands on " the next best thing". Having never borrowed money for the business I have no idea what to expect from a dollar stand point, when talking about a machine payment or a small business loan, nor do I know the significance between the two.
What kinds of options are there, for example, in purchasing a VMC?
As of now I do not own a seat of CAM or CAD... with that said, there is a XYZ dealer down the road that would probably suit me up in a new 123 mill 4th axis and a seat of %^&# CAM for 100ish K... What kind of terms do they give you on something like that?
The other option I am curious about is should I go to a local bank and try to get some sort of loan, and purchase a decent used VMC, CAM and some misc tooling etc.... What would the terms on a 70K loan look like?
Im hoping this will better help me understand where I need to be on the business side of things as far as gathering a dollar amount of sales per month. I still have a decent day job and Im steadily progressing there which helps fund my current "investments". Everything I have now is paid for but I wouldnt say its more than 10k in used machinery etc...that might be a stretch too.
Any insight would be greatly appreciated.
What kinds of options are there, for example, in purchasing a VMC?
As of now I do not own a seat of CAM or CAD... with that said, there is a XYZ dealer down the road that would probably suit me up in a new 123 mill 4th axis and a seat of %^&# CAM for 100ish K... What kind of terms do they give you on something like that?
The other option I am curious about is should I go to a local bank and try to get some sort of loan, and purchase a decent used VMC, CAM and some misc tooling etc.... What would the terms on a 70K loan look like?
Im hoping this will better help me understand where I need to be on the business side of things as far as gathering a dollar amount of sales per month. I still have a decent day job and Im steadily progressing there which helps fund my current "investments". Everything I have now is paid for but I wouldnt say its more than 10k in used machinery etc...that might be a stretch too.
Any insight would be greatly appreciated.