A broken oven, truck or press stops revenue the same day and sends a repair bill the next. Here is how to decide between repair and replacement, and how to size the money.
Apply Now →An equipment failure hits a business twice. First the machine stops producing, so sales slow or stop. Second a repair or replacement invoice arrives, usually with a short deadline. Staff and rent continue throughout. In a Texas business running through summer heat, refrigeration, air conditioning and vehicles are common failure points, and they are rarely cheap to fix in a hurry.
| Question | Leans repair | Leans replace |
|---|---|---|
| How old is the machine? | Fairly new, first major fault | Near the end of its expected life |
| How often has it failed? | Once | Repeatedly in the past year |
| Repair cost versus replacement? | A small fraction of new | Close to the price of new |
| How long is the downtime? | Parts are available now | Parts must be ordered and wait |
No table can make the decision for you, but filling it in on paper often shows which side the evidence favors.
Owners tend to compare the repair bill with the replacement price and forget the third number: what each day of downtime costs. Add up daily sales lost, wages still paid to idle staff, customers who go elsewhere and any penalties for missed deliveries. For illustration, an invented shop that normally earns $3,000 a day and is down for ten days loses $30,000 in sales, which can be more than the machine itself. Those are round numbers, not our terms.
With those four items you can tell a funder, and yourself, what you need and why it is the right amount.
The quiet cost of a breakdown is the customer who does not come back. If you can, rent a substitute machine, borrow time on a neighbor's equipment, or subcontract the urgent work, even if the margin on those jobs shrinks to almost nothing. A job completed at break-even keeps a relationship alive. Tell regular customers plainly what happened and when you expect to be back. People generally forgive a breakdown; they forgive silence less readily. Planning ahead also helps: a simple maintenance schedule and a list of local repair vendors turn the next failure into a shorter one.
We fund $25,000 to $5,000,000, with funding in as little as 24 hours. The application takes about five minutes with a soft credit pull. Sole proprietors can apply. The funding range starts at $25,000, so a smaller repair may not need it. When a machine is down, start your application and say what you need.
Compare age, failure history, the repair cost against replacement and the length of downtime.
Daily sales lost plus wages paid to idle staff, plus customers who leave.
Funding starts at $25,000.
Yes.
In as little as 24 hours.
Three months of business bank statements and a 5-minute application. FICO 500+ considered. $25,000 to $5,000,000, funded in as little as 24 hours.
Apply Now →It takes about two minutes and it will not affect your credit score.
No obligation • No impact to your credit score
