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Machine Tool Crashes: Big Problem, Bigger Solutions

February 24, 2022 By engsinsurance

Machine Tool Insurance

The most crucial part of your CNC machine is not the cutter. It’s not the lathe or the tools or any of the parts you can buy online. The most crucial part of any CNC machine is the programmer. It’s also the part that has the potential to cause the most problems! Even the best […]

Filed Under: Blog, Industrial, Insurance Tagged With: Commercial Equipment Insurance, Equipment Insurance, machine shop, Machine Tools

What Is Section 179 and How It Can Help Grow Your Business

August 10, 2021 By Engs Commercial Finance

Machine Tool Loans

Growing your business starts with finding the best practices for routine tasks, such as paying business fees and filing taxes. You have to be aware of beneficial deductions like Section 179 in order to utilize these in a timely manner. Section 179 is a tax deduction that applies to equipment and machinery depreciation to the […]

Filed Under: Blog Tagged With: Equipment Financing, Industrial Equipment, Industrial Equipment Technology, machine shop, Machine Tools, Manufacturing

How Small Machine Shops Gain Competitive Edge

March 15, 2020 By Engs Commercial Finance

Machine Shop Advantage

You’ve been in business for several decades or recently purchased an older, established machine shop from another proprietor and you’re sensing a squeeze from more competition and smaller margins.  Long-standing clients brought their prototyping in-house and are looking for ways to shave costs on manufacturing runs, pushing your prices lower to retain their business.  Is now […]

Filed Under: Blog, Industrial Tagged With: Equipment Financing, Industrial Equipment, machine shop

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