Ranges, ovens, fryers, dish machines and prep equipment make up most of a restaurant’s equipment budget. Financing the package lets owners and franchisees open or remodel without spending the cash they need for the first months of operation.
Subject to credit approval and documentation.
An EFA is typical. New locations can ask about deferred first payments on approved deals so the restaurant is open before payments start.
| Equipment finance agreement (EFA) | You own it from day one. Fixed payments; usually eligible for Section 179. |
|---|---|
| $1-buyout lease | Lease payments, then you buy it for $1. Treated much like an EFA for tax. |
| Fair-market-value (FMV) lease | Lower payments. Return, renew or buy at market value at the end. |
Time in business, business and owner credit, revenue, and the equipment’s details: make, model, year, serial number and condition. Requests above $1M also need financial statements.
Equipment bought with an EFA or $1-buyout lease and placed in service by December 31 may qualify for a first-year deduction. Estimate your tax savings.
Need cash for delivery, training, materials or the ramp-up? Add working capital to the same application.
Yes. Franchisor-specified packages are financed routinely, often on one invoice.
Often, yes. We look at owner experience, credit and the concept. A franchise brand or a down payment can help.
LenderCloud finances equipment from $10,000 to $10 million. Requests up to $1 million can usually be decided on the application alone; larger requests need financial statements. All financing is subject to credit approval.