Taking on Millions of Debts to Replace Old Machines?

March 29, 2024 9:20 am

What would you do if you ran a machine shop for years, and now your equipment is getting outdated and you realize it’s going to cost MILLIONS OF DOLLARS to replace it all?!
This is the unfortunate reality that many shop owners run into if they run on a low- to no-debt model – as machines, even with the best maintenance, do tend to become less reliable as the years roll on. Should the owner take on huge debt to replace all of their equipment? We’re covering that and more on this episode of Practical Machinist’s MACHINE SHOP TALK with Ian Sandusky from Lakewood Machine & Tool.

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