Am I the only one who can't seem to get financing for a cnc Router???
I have been to several banks and they all say the same thing NO!!
I need about $30,000 for a cnc router. I am a 5 year old business with annual sales of $130,000.
I am only a one person shop with about $80,000 current debt.
My shop costs $63,000 annually.
I live off of $500.00 a month or $6,000 a year payroll. I have no home or, vehicle payments, medical problems, or dependents.
What is sending the bankers into a panic and run away from me?
I can try a leasing company they look at equipement differently than a bank but they rip you off so bad.
A 30K leased will cost me 42K in 5 years,
the interest lost to them is half of another cnc machine!!
What have you all done to get your equipement?