Buying a CNC Machine: Should I Take Out a Loan? While having debt isn't ideal, loans are sometimes a necessary part of business. Since getting a loan is so common these days, we THINK we understand them more than we ACTUALLY do. If you've got loans down pat, test your knowledge by taking our LOAN quiz on the NYCCNC site! The answers will surprise you!
That being said, we all NEED to know how these loans work and how to avoid common pitfalls and be smart entrepreneurs! We've said it once before but we'll say it again; "You don't know what you don't know!" Being a well-informed borrower can make the difference between owning that machine or having your personal assets taken!
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Take the LOAN QUIZ here: http://bit.ly/2Iyg3zv
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I discovered machining as a young adult and am grateful to have found something I love and am able to share with others.
We hope NYC CNC not only makes you a better machinist but helps you understand and learn more about how to succeed as a manufacturing entrepreneur!
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