Inexpensive automatic wanted

[Prosperi-Tees]

Ok my bank just shot me down for a new automatic so I am wondering if anyone has an inexpensive automatic in good working order in the California area? All brands considered. You can email me at gerry@prosperitees.org Thanks

[garagewear]

Did you look into Lending Club yet?

[RICK STEFANICK]

check out don fenno at reliable technologies..1888.2918116

[Scobey Peterman]

Call Brown Mfg.  Sometime they has used autos.

http://www.brownmfg.net/

[jsheridan]

Did you try a lease option?

More apt to get a lease than a flat out  loan.

[ebscreen]

Keep an eye out for an American Auto-Rototex. (preferably the second version with air)
Can't say enough for those presses. Many modern conveniences with a very low pricetag.

There's also this:

http://sfbay.craigslist.org/sfc/for/2491470313.html

But I don't think I would take one for free. If all you need is something to push
a squeegee for you there you go.

Get an old cheap (American or M&R) machine to get you into the auto game and go from there. You'll
be trading up sooner rather than later.

[Frog]

Gerry, does Denco in Fresno have a screen printing sales rep (Concord used to have a great one)
Tim. later with Screen Printing Products,  was knowledgeable, and since he had a sales route, he was also on top of local shops' equipment needs and when they needed to get rid of old stuff to make some room.

Local suppliers can be a gold mine for this purpose.

[mk162]

Check out an old precision oval.  I've heard you cannot knock those out of registration.

[Frog]

It's also not impossible to find for free, or even be paid to haul it away.

[ZooCity]

We're fast approaching this point as well and I've been mulling over a fancier, bigger used machine v. a simple, smaller new one like an Anatol Titan, etc.,, but one thing to consider regarding your bank loan-

most lenders consider equipment assets at half the value you purchased them for, even used equipment that's actually worth more than it's purchase price by the time you install it.

That's been a big frustration for me.  I know where our equipment assets stand in real, cash terms of what the gear is worth but the bank doesn't see it that way and wants to mega-collateralize the loan by undervaluing everything. 

Consult with them to see how your purchase is going to effect what they need from you in terms of equity remaining in the company.  Remember, it's not about common sense and the actual value of what you buy to them. From their perspective it's about covering their asses on the loan and having something valuable enough to put a lien on to ensure this.  I know, in our case, this is going to dictate what type of machine we get, for better or for worse. 

Then again, most lenders don't know, care or give a flying one about the specifics of your company and your purchase so you could just call that used press a "re-manufactured" model or something.
 
What type of loan did you pull?  I'm looking hard at the SBA 504 (I think that's the number) where the SBA guarantees 40%, you pay 10% down and the bank covers the other half. 

[ZooCity]

Oh, and with that SBA 504 loan they allow projected growth to be factored in to the decision making process it sounds like.   Just an fyi for those interested. 

[tonypep]

Ok my bank just shot me down for a new automatic so I am wondering if anyone has an inexpensive automatic in good working order in the California area? All brands considered. You can email me at gerry@prosperitees.org Thanks

I think Inkman might have something for you.

[Prosperi-Tees]

I tried Lending Club they "pre approved" me at 22%
Geneva was 21%
I am just trying not to get raped. I understand I have not been in business long but I feel they are taking advantage of the situation. I have a 680 credit score and bought a car last year at 6% so 18-22% is hard to swallow.

I have seen some precision ovals around California for sale for between 3-6K. Are these things workhorses? I found a American Rototex for 2K but its on the east coast and freighting and setting it back up would kill that deal.

I will have to talk to someone at Denco - great suggestion Frog!

[squeegee]

I tried Lending Club they "pre approved" me at 22%
Geneva was 21%
I am just trying not to get raped. I understand I have not been in business long but I feel they are taking advantage of the situation. I have a 680 credit score and bought a car last year at 6% so 18-22% is hard to swallow.

I have seen some precision ovals around California for sale for between 3-6K. Are these things workhorses? I found a American Rototex for 2K but its on the east coast and freighting and setting it back up would kill that deal.

I will have to talk to someone at Denco - great suggestion Frog!

It depends on how you want to define "workhorse" 
For standard reg jobs, a good quality hammer is key

[ebscreen]

crazedlist.org

Search for rototex or something specific like that.

Was a guy in southern oregon had one for $1000 or less.

Setting up is easy, real easy.

Take one of those over an Oval any day. No offense Oval guys.
Though it might suit your shop better depending on your floorspace.