[Noisebridge-discuss] noisebridge credit line - cashflow cushion / lasercutter

Patrick Keys citizenkeys at gmail.com
Mon Jan 10 17:11:06 PST 2011


Hopefully my final comment on this:
The reason companies buy things on credit even when they have the entire 
cash to buy it is to have better control of their liquidity (the cash 
they have).  Spending $5,000 or $10,000 or whatever it is on the laser 
cutter is ALOT of money to spend at once.

Whoever pools together their money and buys the laser cutter:
consider financing it instead of shelling out all that cash at once.  I 
still say Josh Myer's lease-to-own explanation was brilliant, 
appropriate, and worth considering.


Patrick



On 1/10/2011 5:01 PM, Jonathan Lassoff wrote:
> On Mon, Jan 10, 2011 at 4:54 PM, Patrick Keys<citizenkeys at gmail.com>  wrote:
>> You could accomplish the same exact goal of having a laser cutter with much
>> less effort and faster by just donating money to Noisebridge
>
> I think you summed it up pretty nicely right there. If there is a
> group of people that really want a laser engraver for Noisebridge,
> they should get together, pool their money and buy a laser engraver
> for Noisebridge. Done.
>
> There's no need to bring "Noisebridge" the corporation into this. The
> corporate entity is intentionally minimalistic and really only exists
> for tax reasons.
>
> Frankly, Noisebridge the corporation does not have a very stable and
> regular management (which on some level is partially my fault, but is
> also intentional), so making commitments (credit at a bank or
> otherwise) will likely be seen as a risky proposition since there wont
> be any strong accountability for it.
>
> On the other hand, an individual can go and get a line of credit
> themselves and buy a laser engraver in their own name and donate it to
> Noisebridge with a lot less hassle than bringing in the corporation
> into this.
>
> My two cents.
>
> Cheers,
> jof


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