Advantages to Leasing Restaurant Equipment and Furniture
There are some definite advantages to leasing your equipment instead of
Cash flow, you may only need a security deposit and the first months payment.
Financing is easier to obtain: Only six to twelve months of credit history is needed.
Upgrading is easier. Equipment starts breaking down, needing expensive repairs and leasing allows you to keep all equipment up to date.
You Can afford more expensive equipment.
You may have the option to buy at the end of the lease for fair market value.
- Off balance sheet. An operating lease is not capitalized on the balance sheet as a liability, and therefore, does not affect the company’s debt ratios. Lease payments are expensed through the income statement. This means capital budget funds are left available for other important uses
Published monthly, the Restaurant Finance Monitor provides its readers with an in-depth analysis of the restaurant financing marketplace—the most complete understanding of financing markets that one can find anywhere in the restaurant industry.
Glossary of Leasing Terms - The goal of this glossary is to help insure that you will be a knowledgeable user of leasing through ready access to its technical "language."
NORTHWEST LEASING COMPANY, INC. has been in business since 1992. We provide commercial equipment leasing for small to medium size businesses, primarily in the Pacific Northwest. Our customers prefer to deal with a local lease company: a lease company who is familiar with regional economics and a company who can respond quickly to their needs. N L C has greater than a 50% return rate from its customers
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