Restaurant equipment finance helps hospitality business owners obtain the necessary equipment and tools they need to run their establishments smoothly. From ovens and refrigerators to furniture and POS systems, restaurant equipment is essential for the day-to-day operations of any restaurant, cafe or bar.
At Whisk Finance, we understand that every business has different needs. That's why we work with you to find the best financial solutions for your unique situation. Whether you're just starting out and need to outfit your restaurant with essential equipment or looking to upgrade your existing equipment, we can help you find the right funding options to suit your budget.
With restaurant equipment finance, you can acquire the equipment you need for your business without the burden of paying the full amount upfront. Instead, you can divide the cost into manageable payments over time, which allows you to maintain a healthy cash flow and keep your business operations running smoothly.
Our team of experts will guide you through the process and provide you with the information you need to make informed decisions about your business's financial future. With our assistance, you can rest easy knowing that you have the necessary tools to run your business efficiently and effectively.
Purchasing equipment outright can be expensive and may not be feasible for your budget. That's where restaurant equipment finance comes in — it can offer several benefits for your business.
Equipment financing can offer tax benefits, as the interest paid on your loan is typically tax-deductible. Depending on the structure of the loan the equipment may also be depreciated over time, saving you money.
Instead of paying a lump sum upfront, restaurant equipment finance allows you to spread out the cost over time.
Depending on the type of your financing, you may be able to choose a repayment plan that best suits your business needs and budget.
With restaurant equipment finance, you can acquire better quality equipment that might be out of your budget if you were to purchase it outright.
As your business grows and evolves, you may need to upgrade or replace equipment. Restaurant equipment finance makes it easier to do so without incurring significant expenses upfront.
✓ Start up and established businesses accepted
✓ Minimum or projected $150,000 gross annual turnover
Nearly any type of equipment and fit out that is used in the hospitality industry can be financed through restaurant equipment finance, including kitchen appliances, furniture, point-of-sale (POS) systems and more.
Yes, however, the terms and interest rates may differ from financing for new equipment.
The approval process for restaurant equipment finance can vary depending on the complexity of your application. At Whisk Finance, we offer fast approval and funding within 24 hours.
While having a good credit score can increase your chances of getting approved for financing, it's not always a requirement. We offer financing options for businesses with lower credit scores or less established credit histories.
Yes, in most cases, you will own the equipment outright once you have paid off your loan.
Typically, you are responsible for maintaining and repairing the equipment.
Depending on the terms of your financing agreement, you may be able to upgrade or replace equipment before your loan is paid off. Contact us to determine what options are available to you.