Catering Equipment Finance
Soft Asset Finance for Catering Equipment
The Catering sector is not a sector where you would ordinarily consider using asset finance to finance catering equipment. However, it is now a well-known form of finance utilising soft asset finance.
What is a Soft Asset?
In its simplest definition, a Hard Asset is anything that could drip oil and a soft asset is everything else!
Whilst not strictly true, this is a pretty accurate description in most cases.
Soft Assets can be financed using either Hire Purchase or Leasing facilities with terms generally between 3 and 5 years.
Catering Equipment that can be financed
The following is a list of some of the more popular items which can be financed using a soft asset finance facility:
- Cooker / Oven / Hob
- Freezer
- Refrigerator & Refrigerated Display cabinets
- Dishwasher
- Glasswasher
- Ice Cream Maker
- Coffee Machine
- Baking Equipment
- Walk-in refrigerator
- Air Handling systems
- LED Lighting
- Kitchen refurbishments
Even if the equipment you would like to finance is not listed above, please get in touch as we can probably help.
Why use Asset Finance to finance Catering Equipment
Using asset finance to finance Kitchen and Catering Equipment has several advantages.
Using asset finance means that you can finance the equipment over the useful life of the equipment and then when it is repaid you may choose to update the equipment to something newer.
The repayments are fixed for the term of the facility meaning that you can have certainty for the period of the facility.
Business Finance Direct – Catering Finance Specialists
Over the years we have worked with several catering establishments and helped them to finance the equipment they need to run their business successfully. We have worked with Restaurants, Cafes, Pubs, Hotels and other hospitality venues.
In addition to our many years of experience, we also have access to an extensive panel of lenders who specialise in providing finance to businesses in the catering sector who are financing catering equipment.
Get in touch with us today and let us help you to finance the equipment you need for your commercial kitchen.