Breaking Down Costs: Financing Options for Restaurant Equipment in Calgary

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Opening or upgrading a restaurant in Calgary requires significant investment, particularly when it comes to commercial kitchen equipment. The Food Service Equipment Depot (FED) understands the financial challenges restaurateurs face and has partnered with SilverChef and EconoLease to offer flexible financing solutions that can help you acquire the equipment you need without breaking the bank.

The Importance of Quality Equipment

High-quality commercial kitchen equipment is essential for running an efficient and successful restaurant. However, the upfront costs can be daunting. Financing options allow you to access top-tier equipment while preserving your working capital for other critical aspects of your business.

Financing Options Through SilverChef

The FED’s partnership with SilverChef provides Calgary restaurateurs with two primary financing options:

1. Rent-Try-Buy

This flexible option is ideal for new or established businesses needing $1,000 or more in equipment funding. Key features include:

  • 12-month rental agreement
  • Weekly rental payments
  • Option to upgrade or buy equipment at any time
  • 60% of net rental payments can be put towards the purchase price if you decide to buy
  • 100% tax-deductible rental payments

Rent-Try-Buy is perfect if you want to test equipment before committing to a purchase or if you anticipate your needs might change rapidly.

2. Lease-to-Keep

Suited for businesses that have been operating for over 12 months and need at least $10,000 in equipment funding, this option offers:

  • 48 or 60-month finance lease
  • Low monthly payments
  • Fixed interest rate
  • Ownership of the equipment at the end of the agreement
  • Tax-deductible interest component

This option is ideal if you’re certain about your equipment needs and prefer to spread the cost over a longer period.

Benefits of Equipment Financing

Opting for financing through The FED and SilverChef offers several advantages:

  1. Improved cash flow: Acquire equipment without large upfront costs
  2. Flexibility: Adapt your equipment to changing business needs
  3. Tax benefits: Take advantage of deductions on payments or interest
  4. Access to better equipment: Afford higher-quality or more equipment than with cash alone
  5. Quick approval: Online applications up to $50,000 can be approved in under five minutes

Making the Right Choice

When considering financing options for your Calgary restaurant, it’s crucial to assess your current needs and future growth plans. The FED’s experienced team can help you navigate the selection process, ensuring you choose the right equipment and financing option for your unique situation. By partnering with SilverChef, The Food Service Equipment Depot offers Calgary restaurateurs a path to equipping their kitchens with top-quality gear while maintaining financial flexibility. Whether you’re just starting out or looking to upgrade your existing setup, exploring these financing options can help you achieve your culinary goals without compromising your financial health. Visit The FED’s online store to explore our range of commercial kitchen equipment and learn more about our financing options. With the right equipment and financial strategy, your Calgary restaurant can thrive in this competitive market.

Purchase All Your Commercial Kitchen Equipment From The Foodservice Equipment Depot (FED)

Purchase All Your commercial kitchen equipment in Calgary, AB from The Foodservice Equipment Depot (FED). Explore our used Calgary Restaurant Equipment. Enjoy a seamless online ordering experience, ensuring fast and frictionless access to professional-grade food service equipment. Shop at our Restaurant Equipment Store in SE Calgary, AB. or our Restaurant Supply Online Store.

For more insightful articles and tips, visit The FED Blogs.