I know that you think you will only use the machine for labels but you might want to really consider going up to the Brother PE 770, you can use a 5 x 7 hoop or the 4 x 4 hoop. The more you use it the more you will want to do more. My friend has the PE 770 and loves it. I really like my Husqvarna sewing/embroidery machine - but I do have another machine that will sew decorative stitches so haven't used my Husqvarna for anything but embroidery for a long time.
Sewing Machines Plus has been sending me a lot of adds not sure what it is going on. But they do a lot of on-line sales.
If you check out Amazon you never know what you will find.
Good luck! I love having an embroidery machine.