Finance for new catering equipment
Food and beverage companies rely on high-quality catering equipment to serve delicious meals and drinks to their customers. But many of these appliances or facilities can cost thousands of pounds, which most businesses don’t have lying around, especially if they’re just starting out.
When you want to launch, upgrade or expand your catering business, asset financing helps you access the equipment you need without high upfront payments. For example, a loan that only requires small, low-risk monthly payments, often at a fixed interest rate, can help you buy a new oven. That oven can then help you bring in more customers, earn more money and potentially be able to pay back your loan easily.
As an independent asset finance broker with over 35 years’ experience, Kane Financial Services brings you the best in catering equipment finance. Many of the plans we offer are available at much more competitive rates than you’d find on the high street. Get in touch today for a free quote, so you can provide an outstanding service to your customers with top-of-the-range catering equipment that you can afford.
Food and beverage companies we help
- Restaurants
- Pubs and bars
- Cafes and coffee shops
- Bakeries
- Takeaways
- Cafeterias
- Hotels, B&Bs and guest houses
- Mobile catering vans
- Motorway service stations
- Any other food and beverage outlet
Benefits of catering equipment finance
GROW YOUR BUSINESS MORE QUICKLY
Launch or grow your food and beverage business with top-quality catering equipment
ACCESS TO BETTER DEALS
Choose from more cost-effective financing plans than you will find on the high street.
STAY AFLOAT
Small businesses rely on healthy cash flow to operate. Asset finance helps you preserve your savings and working capital.
INVEST IN THE RIGHT TOOLS FOR THE JOB
The right catering equipment will improve your offer and increase your earning potential.
Catering equipment you can finance:
- Refrigerators and freezers
- Ovens, fryers, grills and microwaves
- Coffee and juice machines
- Vending machines
- Restaurant furniture
- Cold rooms
- Servery areas
- Much more
Catering equipment finance options
Asset finance gives you access to the catering equipment you need to attract more customers and grow your business. There are also potential tax benefits with asset finance, but we always advise customers to speak to their accountant about this.
We’ve covered a wide range of asset finance options in our blog (we’ve linked some useful articles below), and if there’s anything in particular you’d like to know, get in touch and we’ll be happy to advise you. Here’s a bit more information about each main type of asset finance:
Hire purchase finance
Hire purchase finance (sometimes abbreviated to HP) is a credit agreement where you pay a deposit and fixed instalments, but you do not “own” the item until you have completely paid it off.
Learn more:
Leasing
Leasing involves the owner of the item permitting someone else to use it on an ongoing basis, in return for regular (usually monthly) payments. At the end of the agreed period, you are usually required to return the item, although there are often options to buy it depending on the terms of the contract.
Learn more: Asset finance vs leasing
Loans
Loans tend to be a fairly straightforward way of borrowing money from a lender and agreeing to pay it back over a fixed period, with additional interest and fees charged on top.
How catering equipment finance works
At Kane Financial Services, we’re here to help you access the equipment you need to make your catering outlet a success. Whether that’s through asset finance, loans, hire purchase or leasing, we’ll talk you through your options and advise you on the best one for you based on your needs and circumstances.
Catering equipment finance FAQs
Q: Can I lease kitchen equipment?
A: Yes. The cost of large kitchen items like ovens and fridges in a commercial kitchen can be high, and leasing can be a good way to spread the cost.
Q: How does catering equipment financing work?
A: Catering equipment financing allows you to buy, lease or upgrade essential machinery and catering equipment that you need to run your business.
Q: Do you provide catering equipment financing in my area?
A: We cover the UK and Ireland. Kane Financial Services is an independent asset finance broker with over 35 years’ experience helping businesses like yours grow.
Q: How do I finance my catering business?
A: We totally understand that it can be difficult to know where to start with catering finance. We offer a comprehensive range of asset-funding options to best support your business, and we’ll give you helpful and honest advice regarding the best options for you.
Get a free quote for catering equipment finance
Call our expert team today on 028 9187 4000 to find an affordable finance plan that suits you.