Setting up a new café or restaurant? Need to upgrade food service and preparation equipment in a venue, hospital, cafeteria, care home? Changing cuisine to suit trends and need new cooking equipment? Commercial fridge on its last legs and need replacing?
Whatever the equipment, whatever the type of food service establishment, whatever the size and scale of the operation, where catering business loans are required, operators can use our expert lending services. We’re specialists in catering equipment finance, with a vast selection of lenders and lending facilities to suit all set-ups – new and established, and all types of equipment.
With over 25 years in the commercial lending sector, we fully understand and appreciate the specific cost pressures and challenges faced by food service and hospitality operators. It can be a tough sector with high operating costs and changing market and food trends to contend with.
Success in the hospitality game can often depend heavily on having the right food service equipment financing.
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Reports of operators that have not succeeded usually include reasons relating to financial issues. Highlighting the importance of cost-effective catering equipment loans that work for, and lay a base for profitability, for the specific operation.
Rents, wages, fluctuating food costs, surging power bills, balancing overheads in general in the catering business can be a major challenge. When new equipment is required, or when setting up a new eatery, the catering equipment loan costs, and especially repayments, must be workable when considering other essential expenses.
Postponing the replacement of ageing, broken or inappropriate equipment may present operators with an even more burdensome set of challenges – added time and staff costs in preparation, customer dissatisfaction, and falling trade.
Securing affordable financing assists operators to obtain the equipment they need, without the large upfront costs of buying outright or with the higher rates of overdrafts and lines of credit. Conserving available cash for other ongoing overheads.
To be the venue of choice in your market, to be the one that is set-up for success, to be the one to operate with loan costs within budget – contact us for individually tailored and affordable catering equipment loans.
Our personalised approach to sourcing and structuring catering equipment loans, addresses individual requirements to deliver individual, cost-effective solutions.
Our guides offer quick comparisons and simple explainers to help you cruise through the financing process with confidence.
A wide range of the equipment required by operators that prepare and serve food can be financed with commercial asset acquisition loans. We offer a complete selection of catering business loans to suit the different set-ups and financial objectives of restaurants, venues, take-away outlets, institutions, small cafes, and packaged meal providers.
The selection of restaurant equipment finance facilities includes Leasing, Rent-to-Own, Chattel Mortgage and Commercial Hire Purchase. For operators setting up a new establishment or operation, we have access to no financials, no doc and low doc options through specialist lenders.
With most applications, the equipment being financed is used as the security for the loan, with no additional collateral required. Subject to individual approval of applications, the full purchase price can be financed with no deposit required. Freeing up finances for other purposes.
The decision as to which particular catering business loan is best suited to the operation, will depend on the accounting method, the balance sheet strategy, taxation strategy, and the broader view of the financial objectives. Our brokers work with each customer, and advise referring to an accountant on accounting measures and issues relating to the loan.
For a quick quote, use our convenient online request platform or call and speak with one of our brokers in person.
With most applications, the equipment being financed is used as the security for the loan, with no additional collateral required. Subject to individual approval of applications, the full purchase price can be financed with no deposit required. Freeing up finances for other purposes.
The decision as to which particular catering business loan is best suited to the operation, will depend on the accounting method, the balance sheet strategy, taxation strategy, and the broader view of the financial objectives. Our brokers work with each customer, and advise referring to an accountant on accounting measures and issues relating to the loan.
For a quick quote, use our convenient online request platform or call and speak with one of our brokers in person.
Some of the greatest challenges in sourcing affordable catering finance can be easily overcome by engaging Jade Finance to handle the process for you. We save operators time by handling the entire process. We save frustration and confusing with finding the lender best suited to the requirements. We save costs by securing food service equipment financing at the lowest rates sourced across our lender base of 80+ lenders. Lenders that include those that specialise in lending to the catering sector. We save the worry of budget balancing by securing the most flexible terms and structuring workable repayments.
Our personal approach, with an individual broker assigned to each customer, is an assurance that individual needs and objectives are specifically addressed. Our access to more lenders that most operators could even imagine accessing, provides channels to those all-essential best interest rates and workable terms. Our brokers are sharp negotiators and work directly with our lenders for the terms that deliver that important cost-effective repayment structure.
Financing may be secured for individual items of equipment or structured to include multiple items in the one finance package to streamline the repayment process. Solutions are optimised for tax benefits and delivered quickly, with a streamlined application process.
To have your individual needs catered for, contact us to secure individually tailored catering equipment finance.
Catering business loans can be secured for a wide range of equipment across the spectrum of food service, preparation and catering business. As specialists in the sector, we appreciate that the specific equipment can depend on the type of food service establishment – fine dining, casual bistro, takeaway, functions venue, hospital nursing homes, and the style of cuisine. We assist with loans for all types of equipment, purchased new, second-hand, from a dealer, another venue or at auction.
Equipment we finance includes for all cooking styles, refrigeration, storage, preparation and clean-up. For a quote on restaurant equipment finance, connect with us by phone or online.
Obtaining catering equipment finance through Jade Finance is a smooth, streamlined process with your individual broker handling the procedure for you. We guide customers through the requirements for their loan type including the documentation required for commercial catering finance.
Eligibility is quickly checked and confirmed to start the process. The broad requirements are for applicants to hold a current ABN and provide verifiable identification. If setting up a new business, newly obtained ABNs are acceptable.
A range of financial documentation about the business operation is required. These include income tax returns, BAS returns, profit and loss statements, bank statements and turnover figures. Where a business is small, the financials for the owners or directors may also be requested.
For new operators without financials, business plans and personal financials can be presented to support the application. We do have lenders that approve new business financing applications. All applications are subject to a review of the credit profile.
Once we have your docs, we source the best offer, working with our lenders to negotiate the preferred terms to deliver the most workable repayment schedule. When accepted, we finalise the finance and arrange settlement.
For fast 24 hour catering equipment loan approval, contact us.
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THE INTEREST RATE IS CALCULATED ON A SECURED LOAN PREDOMINATELY FOR BUSINESS USE, EFFECTIVE 19/09/2024 AND SUBJECT TO CHANGE. WARNING: THE INTEREST RATE IS TRUE ONLY FOR THE EXAMPLES GIVEN AND MAY NOT INCLUDE ALL FEES AND CHARGES. DIFFERENT TERMS, FEES OR OTHER LOAN AMOUNTS MAY RESULT IN A DIFFERENT INTEREST RATE.
Yes. Leasing is one of several commercial credit facilities available to fund equipment for food service operations.
Interest rates on all commercial loans are individually offered after an assessment of the application by the lender.
Operators without financial documentation may be assessed based on personal financials or may use a broker to source no documentation lenders.
Operators can select from Chattel Mortgage, Lease, Rent-to-Own and Commercial Hire Purchase to fund catering equipment. The most suitable option depends individual objectives and accounting method of the business.
Subject to lender approval of the application, commercial financing can be secured for the full purchase price of the goods.
Subject to approval of the individual application, multiple pieces of equipment may be packaged into the one loan.
Interest rates and loan terms and conditions can vary for new and used goods.
Yes. All types of equipment classified as business assets may be purchased with finance.
Most commercial financing is approved with the equipment as the sole form of security.
A balloon is an option with Chattel Mortgage and Commercial Hire Purchase finance.
