Restaurant Equipment Leasing Rates

What are real restaurant equipment financing rates.

Restaurant equipment leasing rates.

Webstaurantstore food service resources blog. With our creative methods for restaurant equipment financing it s easy to update your entire restaurant to keep your business hopping at all times. Equipment financing refers to a loan used to purchase business related equipment such as a restaurant oven a vehicle or a copier scanner. Lendio is an aggregator of business financing the company matches customers to the right financing from its network of over 75 business funders.

To pre qualify for a kitchen equipment lease takes only 2 minutes and the rates have never been better for restaurant equipment financing and kitchen equipment leasing. Let s go back to the example of 1 050 as a 5 year payment on 50 000 worth of equipment. Leasing equipment is almost always a better option when you re opening a new restaurant because of the high failure rate of restaurants. Whether you are a start up restaurant or a well established food service organization you can get a restaurant equipment lease for a broad array of restaurant equipment.

Equipment priced less than 100 000 usually comes with a higher finance rate anywhere from 8 to 20. Financing or leasing your equipment is a valuable way to enjoy the benefits of new technology without the heavy costs of buying your own machinery with cash from your pocket. Equipment loans provide for periodic payments that include interest and principal over a fixed term. Get the best financing solution for you.

If the restaurant fails after two years then you won t be stuck with long term payments on expensive equipment. The costs and benefits of leasing restaurant equipment. In order to get payments that low you usually need at least 3 years in business good credit both business and personal and a history of strong cash flows and profitability. Best restaurant equipment leasing companies.

Currency formerly currency capital is an aggregator of equipment financing offers for restaurant owners. Call now 888 565 6692. Equipment financing rates are determined based upon the size of the lease your credit score and payment history and where your business is located.