Financing Restaurant Equipment

 

Financing Restaurant Equipment, also known as leasing restaurant equipment, restaurant equipment financing, and more is a great alternative to purchasing equipment with payment up front cash. Statistically 86% of corporations, form start-ups to Fortune 500 companies, use financing or leasing for their equipment and supply. Elite Restaurant Equipment Financing provides a fast and easy way to apply, with industry low interest rates. Here at Elite Restaurant Equipment, we know how hard it is to grow your business when you are lacking the capital to lease new equipment. Staying on top of the competition is a matter of upgrading your kitchen supplies and your service, and we are here to help you with your restaurant equipment leasing. We’ll help you take your small business to the next level and remain relevant to what consumers want.

 

Contents:  
Financing Benefits  
Top Questions  
Equipment Finance Calculator  
Financing Process  
Financing Terms  

 

Financing Restaurant Equipment Benefits: 

Cash Flow
As a business owner you know the importance of cash flow. Cash flow allows a business to make better investment decisions which can lead to the success of a corporation. Financing restaurant equipment lets you invest your money in higher dividend places such as: rent, supply, employees and more. Take advantage of payment off your restaurant equipment in terms up to 36 months. 

Bank Relationship
Bank relationships will prove to be a valuable tool for unforseen financial situations. Financing restaurant equipment can help build your credentials with any bank. Building a good relationship with your loaners can allow you to grow faster.

100% Tax Deductable
Financing restaurant equipment is 100% Tax Deductible. The IRS Tax Code allows a corporation to deduct the full purchase price for equipment purchased or financed in the current tax year. This can mean getting free usage of your equipment the first year of use.

Affordable Payments
With Elite Restaurant Equipment Financing, choose your payment terms. Pick a comfortable monthly payment that works for you!

 

 

More Reasons to Finance Restaurant Equipment: 

Conversion of Cash:
Cash flow is critical to the success of any business. For some people, paying cash is a good way to acquire equipment. For others, paying cash can be the most expensive way to solve the problem. Financing Restaurant equipment can work well if exectued strategically. 

Tax Deductable:
The IRS Tax Code allows a business to deduct the full purchase price for qualifying equipment purchased or financed during that tax year. In this way, you essentially get "free" usage of your equipment for over a year.Take advantage now.

Conversion of Bank Line:
An available line of credit is an extremely valuable tool to address unforeseen financial emergencies. Reducing your open lines of credit by using them to finance equipment can be dangerous.

Stay Up To Date:
A lease can be written for a term that fits the equipment's usefulness. At the end of the term, the equipment may be returned and a new lease can be written for new equipment that best suits your needs. You can have the equipment for a low monthly cost.

Pricing:
Our restaurant equipment loans aren’t the only valuable service we offer for businesses that are looking to upgrade and expand. Our financing options include: Working capital loans, purchase of dicounted equipment, restaurant equipment financing, growth financing, equipment financing, and more.

Quality:
As the best of the restaurant equipment leasing companies, we are here to offer you creative solutions to your financial dilemmas. We’ve provided hundreds of businesses with the capital they need to upgrade their equipment and ensure that quality is kept up to par at all times. Our financing solutions allow you to stay up to date without inconveniencing your customers.

 

 

When are You Going to Be Ready to Get Started? 

When you’re ready to take your restaurant to the next level by leasing newer equipment, give Elite Restaurant Equipment a call at 888-886-7279. With a simple phone call, you can see why thousands of businesses have chosen us over the competition when new equipment is necessary.

 

Top Questions:

Can I get approved now without extensive financing statements? YES

Can I take advantage of tax benefits and deduct payments? YES

Can I defer payments until the equipment is installed correctly? YES

Can I avoid financial reporting? YES

Can I have no cash outlay or down payment? YES

Can I match monthly payments to current cash flow requirements? YES

Can I buy equipment quickly? YES

Can I purchase used equipment? YES

Do I have ownership options at the end of the term? YES

 

 

Restaurant Equipment Finance Calculator

The restaurant equipment finance calculator allows you to easily calculate what your monthly payments will be. The attributes will be: the total price of your order, down payment, and finance terms. Elite Restaurant Equipment is proud to introduce the Finance Calculator for restaurant equipment. The restaurant equipment financing terms are a great solution for purchasing anything for the kitchen. If you are need of a new sink, but can use the cash flow small payments made every month can make you own it.  The restaurant equipment finance calculator lets you easily see what those small monthly payments will be. 

 

 

 

Financing Chart!

 

 

Easy 6 Step Approval Process

  1. 1. Click "Get Estimate" and fill out credit application. 96% get approved! Its simple and easy: 1 simplified documentation, easy one page applications, accelerated approval times, and more.
  2. 2. Finance documents will be emailed to you. 100% financing minimize your initial costs and allow you to earn profits from your new equipment faster.
  3. 3. Lease payments can be matched to project revenues, seasonal cash flow variations, budget limitations and other challenges.
  4. 4. Fill documents out, sign them, and email or fax them back to us. We can structure leases to meet FASB requirements for "off balance sheet" accounting treatment.
  5. 5. Tax Expensing. For companies that do not qualify or choose not to employ the Article 179 Alternative, lease payments are written off as they are made.
  6. 6.  Avoid Bank Restrictions: Leases do not include blanket liens, restrictive covenants, rate escalator clauses, "call anytime" provisions, compensating balance requirements, or any of those other nasty little surprises that tend to be a part of traditional lending arrangements.You’re finished! Your equipment will ship and our team will call you to confirm the arrival of your supplies.

 

 


Click Here to get your estimate! 



 

Recent Reviews

 

Posted 01- 06, 2014 (Michael Volstein Omaha, NE )

We chose Elite Restaurant Equipment to finance our our restaurantequipment. This is our third franchise so we knew exactly what we needed. We filled out the short form and representative from Elite Restaurant Equipment's finance department contacted us. We had to disclose sensitive information to be succesfuly in getting financed. Our business opened 5 years ago so we had some track record. We chose a 24 month program and got a goo interest rate for our restaurant equipment.

 

 Posted 01-16-2014 (Larry Mcdunder Manhattan, NY)

We purchased this flat glass bakery display case from Elite about 2 weeks ago. The item arrived on time without any damages. We are pleased with the service provided by Elite Restaurant Equipment and would most certainly do business with them again. We financed the bakery display case. We chose a 6 month program because we wanted to pay off the item as soon as possible. If you are interested in financing for restaurant equipment know the rates are higher than a standard loan such as a credit line or mortgage. The reason the rate for financing restaurant equipment is larger because it is a small amount with no bigs assets securing it. This makes it more risky for banks. Having said that, restaurant equipment financing can prove to be lucrative if using the money in the right place. It is working great for us and, short term is the way to go. 

 

Posted 02-01-2014 (Sarah Amanda San Fransisco, CA)

This 57'' high dry baker display case is exactly what my shop needed. The height if this case was perfect for my shop. We didnt have the credit limit available so we chose the use the finance program for our restaurant equipment. We chose an 8 month term. We have 1 month left and are happy we financed the baker display case. The frame is all stainless steel and is of the finest quality. Elite Restaurant Equipment was professional with its customer service as well as its delivery. I was very pleased with my experience with them they will be getting my business again.

 

Posted 02-02-2014 (Lyle Ruth Boston, MA)

We purchased this glass sliding door merchandiser through financing and we couldn't be happier with it. its easy to use, all we had to do is plug it in and we were all set. This item was a great investment and brought sales up. We got in house financing and are glad to say we finished payinh the glass reach in refrigerator within 6 months. Our business has been doing well, although I plan to finance more restaurant equipment since it pays for itself.

 

Posted 02-14-2014 (Matt Dougman Murray, Utah)

I designed my entire kitchen with Universal units because I like the price, quality, and functionality. I recommend this line to all my buddies who own restaurants. We financed over $20,000 worth of Universalrestaurant equipment. We vhose a 15 month plan.

 

Posted 03-24-2014 (Lucy Roberts Dallas, TX)

We financed restaurant blenders, as total of 4. The total price was less than $1500.00. We are paying a total of $450 interest over 18 months which i think is easy money. I bought all the big restaurant supply with cash.This Universal Commercial blender is mostly used for smoothies and it has no trouble powering through ice, carrots, frozen fruit, fresh apples, etc. I love the Universal brand (we also have some of their other refrigeration units) because their products are simple and easy to use (no frills) and they work well. For instance, most blenders would have a billion settings like "puree", "crush", etc. and have 5 different speeds. This blender has 2 settings: "hi" & "lo", and "on" &"off" and that's enough to do the job wonderfully.

 

Posted 04-04-2014 (Keith Mancuso Brooklyn, NY)

This is a good product (restaurant equipment and supply financing)  I am recommending it to my friends in the business. I know shipping a cutting board is easy, but it was packed  very well. The cutting board was rapped and completely brand new. We financed a lot of smallware (total: $7500). Finaincing smallware, dinnerware, and kitchenware was an easy choice out of the equipment and supply needed for my restaurant. We chose the 24 month finance pay off, and we put 30% down. Our payments are low and affordable.

 

 


 

 

*Restaurant Equipment Financing Terms

This is only an application. The payment method you chose will not be charged before your sales contact speaks to you and you are approved. A decision is made within 60 minutes of completing your finance application. If you apply after business hours a decision will be made the following morning. Once you are approved your order will be treated as regular and your items will ship out as soon as possible. Before your items ships your sales contact may ask for adiditional information such as: your ID, back up payment, and/or your social security number. Please read all details carefully ad conatact us with any questions before commting to restaurant equipment financing.