Restaurants Need Equipment Financing—Now More Than Ever
Part 3: The Right Time Is Now
We think equipment financing is a great solution 365 days a year. But if you need another reason to take the plunge, take a look at how equipment financing can help restaurant owners manage tax time, seasonal shifts, the tourist trade, and other important dates on the calendar.
- Preserve peace of mind with fixed-rate financing. Rising interest rates have made borrowing money an expensive prospect. With equipment financing, you can lock in an affordable rate now and be shielded from interest rate increases throughout the rest of your contract term.
- Lock in tax savings. Depending on your lease, your payments can often be written off as a business expense, rather than capitalized and depreciated. Talk to your accountant about where equipment lease financing fits in your tax strategy.
- Capture seasonal success. Is the tourist trade an important part of your business model? Are the holidays make or break for your business? With equipment financing, your business can be fully equipped to meet the rush, and even to open up new revenue streams (like outfitting a pop-up in a mall or food hall).
If you’re in the restaurant business, we have your back.
Want to learn more? Reach out anytime! Our team specializes in the foodservice industry, and we are dedicated to providing excellent customer service and transparency throughout the entire process.
- Plus, you will have a dedicated account manager who will work with you to answer any questions you may have.
Want to get started?
When banks close their wallets, TimePayment and LeaseQ open the doors to new opportunities. Contact us today.
