Shire Leasing are FCA authorised specialists in restaurant equipment finance and wider catering equipment finance and leasing. We supply equipment to all types of businesses that require it to prepare food and drink. Establishments including bars and pubs, fast food outlets, food franchises, food processing/manufacturing facilities, and hotels and restaurants lease equipment from us. Not only can we provide funding to businesses, but we can also support catering equipment suppliers in offering finance options to their customers too.
When you apply for catering equipment leasing through Shire Leasing, whether it’s for leasing appliances or food equipment leasing, we provide funding solutions to support you. Our commercial asset finance services, such as restaurant equipment leasing, ensure you find a flexible funding solution for your business.
View our case studies from our clients.
What Catering Equipment Can Be Financed?
There are many tailored equipment finance options available depending on your business’s requirements. We will ensure a high level of service, to get the right funding for you as quickly as possible, whether you need restaurant financing or to lease commercial kitchen equipment.
We can fund:
- Cooking equipment
- Food equipment
- Refrigeration equipment (such as fridges and freezers)
- Epos and cash registers
- Restaurant furniture
- Ice machines
- Cold rooms
- Coffee machines
- Vending machines
What Are the Main Benefits of Catering Equipment Leasing?
For your business, you may need equipment for a new shop, hotel or restaurant or there might be certain equipment you need to prepare food for an event or wedding. Perhaps your equipment is in need of upgrading to cater for more customers or to meet new food safety regulations. Whatever the reason, there are many benefits to leasing catering equipment:
- Help your cash flow – Leasing your kitchen equipment will ensure you have what you need without majorly affecting cash reserves. Perhaps you need more space for freezing, a commercial freezer lease will allow you to acquire that quickly without having to invest the full sum upfront.
- Afford top-of-range catering equipment – Lease the latest equipment to ensure the highest standard of food.
- Pay as you use leased catering equipment – Spread the cost of your catering lease through its working life – e.g. three to five years.
- Finance lease rental payments for your catering equipment can be 100% tax deductible against profits.
- By leasing catering equipment, you can upgrade at any time to ensure you have the best appliances at all times.
- Leasing can help you plan your budgets for the year.
- Other costs associated with the catering equipment you finance (such as installation and maintenance) could all be included under a single direct debit plan.
- Other credit lines are not affected by leasing catering equipment.
You can view the advantages for all our finance solutions to find the right one for your business.
What Is The Process For Getting Leasing?
- Identify the costs of your catering equipment from your supplier/suppliers
- Get a no-obligation quote from Shire Leasing and a credit decision within 4 hours
- Documents are sent for you to complete via e-signatory
- Once all documentation is completed and you have confirmed the commercial kitchen equipment has been delivered/installed, we pay the supplier in full
- Your agreement is made live and you pay affordably by direct debit as you use the equipment
Although this process gives a general understanding, with Shire Leasing, the journey is tailored around your needs. For example, if you prefer to sign your documents physically, we can post these out to you. Or if your supplier requires stage payments before delivery, we can adapt to this and even pay out in foreign currencies such as US Dollars or Yen (we will not pay out suppliers based in the EU, however we may be able to make other arrangements to support you. Please speak to an account manager to find out more).
For a limited time, businesses can also utilise our Quarterly Deferred Product; a time-limited asset finance solution which allows UK businesses to acquire new equipment/assets on a quarterly Finance Lease and defer the first payment until the next quarter; with absolutely no additional or hidden costs.
For more information on leasing catering equipment from Shire Leasing, contact us today!
