My wife is a printmaker. Simplified version, she engraves a block of wood, inks it, and runs through a press to make the print. She is in need of a press.
She previously owned a Conrad Machine etching press and this is our most likely choice for the new press as well. Takach is another manufacturer, but usually much more expensive. Plus, I've personally spoken with the owner of Conrad Machines and he was most helpful on the previous purchase (which we sold at 2 years old for around 75% of what we paid and could have gotten a lot more if not in a hurry to sell at the time - IOW, they have a high resale value).
Last time we paid cash. While I like that route, I also like the flexibility that financing such a large purchase offers since the final purchase price will be between $5-10k depending on just which press and options she opts for this time.
I know most lenders will have little knowledge of the market for the product but a number of lenders will make special collateral loans at decent terms for boats, RV's, and the like.
My question is: Does anyone have any ideas for lenders that might have loans for such items, either as a niche product or general collateral loan? I was hoping for a lower rate than a personal unsecured loan and even though we'll likely pay it off withing 6 months I want to avoid putting it on a cc, though that's not out of the question if I find the right card. We may also use it as a way to build her credit file a little more.
Thanks in advance.
