Restaurant Equipment Leasing
Every restaurant owner needs to worry about cash flow. Restaurant equipment leasing enables you, as the restaurant owner or manager, to manage your cash flow and operating capital more efficiently. Equipment leasing also preserves your credit lines that you have and may need for business needs such as managing your inventory, paying payroll, etc.
There are several advantages that leasing restaurant equipment provides that other financing options don’t. What are those advantages, you might ask? Tax breaks and deductions that are beneficial to your company are the most important advantages. Other advantages include immediate write-offs, greater flexibility, and more precise cash flow management.
Statistics show that close to 1 billion dollars worth of restaurant equipment is leased each year in the United States. That would be 1 billion reasons why you should too.
There are great equipment leasing rates and restaurant funding services out there so roll up your sleeves and go find you one. I’m no expert, but I think I’d start by doing a search engine search and by calling my banker:).
Having said all that, if you are in a position to not rely on the banking cartel, then I would highly recommend paying for your equipment outright. At the end of the day, a person with no debt can rest at ease, but those with lots of debt carry a heavy burden that weakens the soul. Just my humble opinion for what its worth.