FAQs from our equipment financing experts
Q: Will I own the equipment at the end of the payment term?
A: Yes! Leasing is sensible, not criminal. Giving yourself more time and capital to run other areas of your business and not tie up funds in commercial kitchen equipment is a very common way to pay for equipment and in the end, the equipment belongs to you, end of story.
Q: How long will it take for me to ‘breakeven’?
A: If by breakeven you mean pay off your equipment leasing bills and start making full profits from your foodservice sales, then we’ve got easy calculators for all of those questions. No obligations… Just plug in some numbers and see where you land.
Many people start out with an equipment quote from one of our industry veterans first; you can quickly get a quote by using the “Connect” tab or shopping our inventory online.
Q: How lengthy is the equipment leasing application process?
A: You’ve probably waited in drive-thru lines longer than it will take to fill this out. In all seriousness, up to $250,000 can be financed very quickly and you can preview the entire application so you know what information is to be provided. All financing decisions are made within 24 business hours so it is a simple and fast process.
Q: So… what’s the catch? Why would anyone buy if equipment leasing is this easy?
A: Honestly, we get this question a lot. We’ve worked hard with our partners at Ascentium Capital to make this process efficient and painless as that is in the best interest for all of us. You don’t even have to provide financials for purchase up to $250,000!
Some franchise programs (not ours) will not allow equipment leasing. Up-front capital is a franchise requirement and there is no way around it. You should definitely check with the franchise program you are considering before signing leasing paperwork (or maybe just check ours out).
Q: Are there limitations to the type of equipment I can lease?
A: No, not with us. Here are some examples of the types of equipment that you can finance with PFSbrands…
- POS systems
- Furniture and fixtures
- Industry equipment
- Signage and canopies
- Leasehold improvements
- New and used equipment
- Technology acquisitions
- Refrigeration
- Dispensers
- And so much more!
Hopefully, this answers a few of your questions and puts you at ease that equipment leasing is a smart solution for foodservice success. Becuase of our vast foodservice experience, PFSbrands has outfitted over 3,000 locations and is the parent company of Champs Chicken, BluTaco, Cooper’s Express, and KitDel you can count on us to help your location!
To check out our full selection of equipment visit our foodservice equipment shop or contact us for individualized service, quotes or questions.
If you are ready to start an equipment leasing application now – jump right in!