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More from Ken Hurwitz
Prepare for your CMTS 2021 visit
- By Ken Hurwitz
- Sep 24, 2021
- Management
- Blog Post
The show offers a unique opportunity to negotiate a great deal or take advantage of a “CMTS Show Special.”
Leasing: Your questions get answered
- By Ken Hurwitz
- Sep 17, 2021
- Management
- Blog Post
In this issue, we invited shop owners from across the country to submit leasing/financing questions to be answered by expert Ken Hurwitz.
Turn to leasing for your turnkey project
- By Ken Hurwitz
- Jul 28, 2021
- Management
- Blog Post
The term turnkey refers to a machining cell that is capable of complete-part creation, as well as some design work and programming of the part, automation, fixtures, and tooling.
Cash is king when running a manufacturing business
- By Ken Hurwitz
- Jun 23, 2021
- Management
- Blog Post
Finding an alternative source of funding is necessary, and some manufacturers may want to consider lease financing.
It's all about the lease structure
- By Ken Hurwitz
- May 28, 2021
- Management
- Blog Post
Getting new technology on the shop floor is important. Here are three ways that correctly structuring an equipment lease can help.
Sale leasebacks free up cash
- By Ken Hurwitz
- Apr 22, 2021
- Management
- Blog Post
A sale leaseback is a transaction in which an asset’s title is conveyed, at an agreed-upon price, to a financial institution in exchange for a lump-sum cash payment.
3 ways to attract a lender
- By Ken Hurwitz
- Mar 23, 2021
- Management
- Blog Post
One of the biggest problems that many busy shops face is the need to increase capacity while using the same number of operators. This means installing new, expensive technology, which calls for new funding.
A closer look at buying machinery
- By Ken Hurwitz
- Feb 24, 2021
- Management
- Blog Post
Some of the research comes from industry partners, tradeshows, and Google to start.
What your lender looks for in your application
- By Ken Hurwitz
- Jan 27, 2021
- Management
- Blog Post
Every lender’s key question is why the equipment is required. A lender always prepares a proper write-up for credit analysts detailing the motivation behind the request.
Understanding EOY financing
- By Ken Hurwitz
- Dec 7, 2020
- Management
- Blog Post
This is a good time to get a great deal on a stock or demonstration machine because sellers are acutely aware of the normal buying cycle in which January and February traditionally are slower months for sales.
Give your software a new lease on life
- By Ken Hurwitz
- Nov 17, 2020
- Management
- Blog Post
Having the newest machine tools on your floor is great, but if systems, such as software are not in place to support them, then the gain could be compromised.
Understand the financing process
- By Ken Hurwitz
- Oct 19, 2020
- Management
- Blog Post
Editor’s Note: Canadian Metalworking invited shop owners from across the country to submit leasing/financing questions to be answered by expert Ken Hurwitz. This is Part II of a two-part series featuring the most common and most interesting questions.
Know your financial options, responsibilities
- By Ken Hurwitz
- Sep 29, 2020
- Management
- Blog Post
When a lease has been granted by an alternative lender/non-bank-owned funder, it’s important for the borrower to understand that the leasing company is under as much pressure from its funding source as they are to make payments.
Use your money wisely in a recession
- By Ken Hurwitz
- Jul 22, 2020
- Management
- Blog Post
The reasons for keeping money in the corporate bank account are no different in a slow economy than when it is booming: Cash is always king.
COVID-19 downturn hits lending industry
- By Ken Hurwitz
- Jun 18, 2020
- Health & Safety
- Blog Post
Credit departments have started reviewing their decisions and, in some cases, began declining applications that previously had been approved.
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