excavator on construction site

Advantages of
Leasing or Financing
Your Restaurant 
Equipment

$5,000 – $500,000 
2 to 6 Year Terms
6.99 t0 29.99 APR

How Equipment Leasing Works

Leasing restaurant equipment works in the same way as leasing a car.  By entering into a lease, you have the right to use the equipment without the burden of ownership. The advantages of a lease are lower payments as you’re paying for only a portion of the assets, reduced upfront costs (if any), flexible end of term options.
bulldozer on constructions site

The Advantages of Equipment Leasing

With an equipment lease, you get access to the equipment you need to get you up and running, even if you don’t have a lot of cash to work with. You might be able to afford a monthly payment, but not a large lump sum. You also don’t necessarily need to have good credit to lease equipment, which can be a benefit to many business owners. Additionally, the payments are tax deductable as a business expense.
construction workers on site
How Equipment Financing Works
Equipment financing refers to the practice of taking out a loan to pay for equipment over time. By choosing to finance equipment, you will eventually own the asset outright. This works well for assets with a long life expectancy.
Financing is popular, in part, due to restricted capital budgets. While most equipment financing is collateralized debt, the loan amount may impact your available line of credit.
The Advantages of Financing Your Restaurant Equipment
Acquire assets with little or no immediate cash outlay. You will not have to part with a large lump sum payment to acquire the equipment. The capital you conserve can then be allocated to other areas of your organization.
Ownership. After the terms of the loan are satisfied, the title will pass to you, the owner. For mature equipment with a long useful life, this will help you maximize your return on investment.
SECTION 179 of the IRS TAX CODE
It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves. It allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy or finance a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. 
Lease payments appear as an expense deduction on your taxes.

Equipment Financing Questionnaire
Name
Email
What kind of equipment?
FICO Score
Phone
Company Name | Industry
Years In Business
Amount Requested
Website
What will you use it for?
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