Restaurant Equipment Financing

Are you interested in starting a restaurant? Do you already own an establishment but need more equipment to get by? If you answered yes to either of these questions you are in the same group as thousands of others. Owning a restaurant is not cheap. While there is a lot of money to be made, you will have to put out cash from time to time to ensure that you are offering the best food and experience to your customers as well as your workers.

When it comes time to get the right restaurant equipment you have two options: leasing or buying. Both of these options have pros and cons. Some restaurant owners only lease their equipment. Others swear by the benefits of buying. And of course, there are some who do a little bit of both.

Leasing Benefits

There are many benefits of leasing restaurant equipment:

  • You don’t have to put out as much money upfront
  • Lower monthly payments
  • You only have to keep the equipment until your lease term expires
  • Once you trade in your old equipment you can upgrade to the latest and greatest that the industry has to offer

Buying Benefits

Would you rather take out a loan to purchase restaurant equipment?

There are benefits of doing so:

  • Once the equipment is paid off you own it, free and clear
  • You don’t have to worry about lease terms and conditions that are often times unclear

Before you sign on the dotted line, you should compare the benefits of restaurant equipment leasing to buying.

When it comes to buying equipment, you need to ask yourself this question: are you going to do so with cash or will you finance the purchase? The answer could help you make a more informed decision.

Every year, thousands upon thousands of new restaurants open in the United States. Along with this, those who are already in the business are looking to upgrade their equipment.

Don’t try to get by without the right equipment – this will only make things more difficult in an already competitive industry. Instead, compare the pros and cons of restaurant equipment leasing and buying. In the end, you will know which option is best for you and the goals you have set for your restaurant.

Kayleen M
Kayleen M
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American Business Credit exceeded my expectations! They were so helpful from the very beginning of the process to the end. Everyone I came into contact with were very professional and had valuable incite to help me with any hesitations and questions that I had. I am very impressed with the service they provided. Craig Johnson was my main advisor through this process and I would high recommend him based on his expertise, guidance, and service he provided to me as a client. Any financial needs I have in the future I will be a returning customer of American Business Credit. Thank you Craig for all your hard work.
Derek J
Derek J
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American Business Credit was extremely knowledgeable, professional, and helpful from start to finish. My loan processor Craig was extremely helpful, answering all of my questions as they arose. They delivered the exact results promised during our first call in a timely manner. Highly recommend.
Eduard A
Eduard A
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I am so glad I found ABC, every company or lender I talked to told me we needed to have revenue on our business to get a loan, well we are a start up, and need the loan to get started generating revenue. ABC was able to get us funded at great rates in a short amount of time. I definitely plan on using them again as our business grows!
Erik R
Erik R
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Amazing! Kina Jackson was sooooo helpful and made the process a breeze! We weren't sure what we could get as a start-up and needed a ton of equipment to get our business going. Kina dug deep and found us what we needed to fund our equipment needs and we can't thank her enough! Thanks again Kina and American Business Credit! Stop by the store next time you're in Vegas! - Erik Rogers, Veg-In-Out Market
Cassandra M
Cassandra M
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Kina was amazing to work with. As a new business owner and limited credit history, she really went to bat to ensure my business plan was heard by the lenders, so they felt confident in investing with me. Highly recommend!!
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