Coronavirus (COVID-19) Small Business Relief Programs
Has your restaurant been affected by Coronavirus (COVID-19)? The Small Business Administration is offering assistance to SBA-declared disaster areas. You can learn more by clicking the following link below:
To lease or to buy. That is the decision facing restaurant, coffee shop, pizza, sandwich and food truck owners. Some of the most important advantages are the following:
Leasing restaurant equipment opens new credit sources. Unlike borrowing, leasing restaurant equipment does not necessarily restrict further borrowing. The number of restrictive covenants is usually limitied.
Leasing restaurant equipment has a tax advantage. This may be the most impportant advantage, especially to a small and medium-sized business. By taking advantage of Section 179, you can deduct the entire restaurant equipment cost from your net income in the first year you use it.
Leasing restaurant equipment frees capital. Get equipment now and pay for it later in small, manageable payments.
Earn money before payment is due. Financed restaurant equipment create incomes that exceeds the cost of the monthly payments restaurant equipment. Let your new restaurant equipment pay for itself while your restaurants earns additional income. Save your restaurants cash for other critical restaurant expenses.
Restaurant Equipment Financing for Startups
Commercial banks can be very reluctant to extend loans to new restaurant concepts and getting an SBA Loan can be frustrating since you only have projections and not actually revenue to pay back the loan.
Rent to Own Restaurant Equipment
Unlike renting or debt financing offered by your Bank or the Small Business Administration, which requires a down payment or some equity investment, leasing affords 100 percent financing. Depending on your credit rating you might be able to defer for your first payment for 90 days. Restaurant onwers with low credit ratings or Bankruptcy are still eligible for leasing, the first lease payment will be due at the start of the restaurant equipment lease.
Rent to own Commercial Refrigerator
The cost savings that result from the purchase of a labor saving on leasing restaurant equipment that does not need updating can be keep your restaurants cost under control. Atosa Restaurant Equipment come with a two year parts and labor warranty and a five year compressor warranty. Atosa refrigerator, Freezer, Sandwich Prep Table, and Pizza Prep Table still hold their value even after the end of the lease.
Any amount over the first year deduction cap may also be depreciated over the next several years, giving them an ongoing tax deduction. You should definitely consult your accountant for specific tax saving information.
Used Restaurant Equipment Leasing
Buying used restaurant equipment up front can be bargain and help with cash flow, but the bargain ends the used restaurant equipment fails. That cash on hand in the case of business emergency will now need to used to fix the failed restaurant equipment.
Atosa Deep Fryers, Griddles and Charbroilers
All Atosa propane and natural gas powered Char-Broilers, Griddles, Hot Plates and Deep Fat Fryers One year parts and labor warranty. Deep Fryer oil drums Five year warranty.
Atosa Refrigerators and Freezers
The Commercial Refrigerators, Commercial Freezers, Sandwich Prep Tables, and Pizza Prep Tables come with a two year parts and labor warranty. Plus you get a Five year compressor warranty.
Lease To Own Restaurant Equipment
My name is Sean Kearney and I own and operate The Restaurant Warehouse my cellphone number is 206-419-5801 and my email is therestaurantwarehouse@gmail.com I am more than happy to answer lease to own restaurant equipment emails, phone calls, or texts morning, noon or night.
