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U.S. Manufacturing Industry Recap from 2022

February 3, 2023 By Engs Commercial Finance

Financing Manufacturing Business Growth

The U.S. manufacturing industry had a strong year in 2022, with output rising more than expected and productivity increasing significantly. This was due to a combination of factors, including the continued growth of the economy, new technology investments, and the recovery from the Covid-19 pandemic. What Manufacturing Industry Analysts Observed In October 2022, GBQ hosted […]

Filed Under: Blog, Industrial

Improving Machine Shop Efficiency with New Equipment

January 5, 2023 By Engs Commercial Finance

Improve Efficiency with machine tool shops when financing new equipment

Are you looking to make your machine shop more efficient and productive? Installing new equipment can be a great way to achieve this goal, but financing these purchases can be intimidating. Luckily, there are several solutions available to help streamline the entire process and get you the tools you need to improve your shop’s productivity. […]

Filed Under: Blog, Industrial

Improve Manufacturing Profitability Through Sustainability

August 24, 2022 By Engs Commercial Finance

As a manufacturer in the U.S., a common misconception is that focusing on sustainability is a result of government involvement and leads to decreased performance and profitability.  While government does play a hand in moving many industries toward sustainable practices, this doesn’t have to be a negative nor costly move. We’ve all seen the headlines […]

Filed Under: Blog, Industrial Tagged With: Industrial Equipment, Industrial Equipment Technology

Technology Trends Redefining Robotics in Manufacturing

August 18, 2022 By Engs Commercial Finance

Technology and Automation Transforming Industrial Manufacturing

If automation was not already on the rise prior to the pandemic, a global slowdown and reduction in available workforce accelerated creative thinking among manufacturing leaders around the globe. Here are some of the automation and AI trends that are transforming manufacturing today. The Rise of “Cobots” One of the most significant changes we are […]

Filed Under: Blog, Industrial

How Collateral Value Can Influence Your Loan Interest Rate

August 11, 2022 By Engs Commercial Finance

Wood working tools financing

A lot of people don’t realize just how many different factors go into determining financing rates related to items like printing presses, vertical mills, industrial planers and other types of commercial industrial equipment. The business and owner’s/guarantor’s credit score plays a role in determining your rates, yes – but that’s just one small part of […]

Filed Under: Blog, Industrial Tagged With: machine tool financing, wood working tools, woodworking tools

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