When the oven, compressor, press or truck goes down, revenue stops while the bills continue. The first decision is repair or replace, and the answer depends on arithmetic, not mood.
Apply Now →| Question | Points toward repair | Points toward replacement |
|---|---|---|
| What does the repair cost against a new unit? | Well under half | Close to or above half |
| How many repairs in the last year? | One or none | Several, with rising bills |
| How old is it against its expected life? | Early or middle | Near the end |
| Are parts and a technician available? | Yes, quickly | Parts are scarce or backordered |
| How long will you be down? | A day or two | Weeks, with a quick replacement possible |
The thresholds in this table are rules of thumb for thinking, not engineering advice.
Work out what each day of downtime costs. For illustration, with round numbers: a bakery whose main oven fails loses $1,800 in sales a day, still pays $900 in wages and loses some stock. A replacement oven costs $28,000 and is delivered in a week; a repair costs $6,000 and takes three days but may fail again. Three days of downtime cost about $5,400 in lost sales plus the repair, and the repair risks another outage. A week of downtime on a new oven costs $12,600 in sales on top of the purchase. Putting the figures side by side turns an emotional decision into a comparison.
In New York, equipment tends to fail at the worst time for each trade. Refrigeration works hardest in summer heat. Heating and boilers fail in cold snaps. Plows, trucks and mowers break in the first week they are needed. If you know your equipment's busy season, service it early, and keep a contact for a repair person who answers quickly.
Once the immediate problem is solved, write down what failed, how long you were down and what it cost. Keep a log of service dates for every major piece of equipment, and set aside a modest monthly amount for the next failure. A small, regular reserve is far cheaper than an emergency purchase.
Even in an emergency, a second quote from another dealer or technician often takes only an hour or two and can change the picture. Ask about delivery time, installation, warranty and whether the old unit has any trade-in or scrap value.
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We fund $25,000 to $5,000,000, so smaller needs fall below our range.
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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.
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