Get Competitive Restaurant Equipment Financing In Hawaii
Restaurant Equipment Financing in Hawaii for startups and established companies.
Even mom and pop restaurant owners know they could always use new equipment. Most restaurants owners maximized its revenue by expanding their establishment. You can be creative, but you are limited based on that location’s demographic and capacity. So, the solution is to expand. Most expansion means new location, taking over existing locations or even knocking down walls, building new ones or just leasing some well positioned location to maximize revenue. To make this happen, you will need capital. You can leverage your cashflow, or you can borrow.
Funding for equipment in Hawaii can be very useful on any stage since cash is king when it comes to operating a restaurant. As you grow, even more crucial to get restaurant financing to preserve working capital. but you have built credit that second, third location will go smoothly with prior credit history. You now have a comparable credit you can use and show to your potential prospective lenders who wants to help only businesses at certain size. Once a restaurant hits 3 to 5 years in age, that’s when most lenders will feel comfortable to lend. Banks will consider 3 years and under start up. No matter, your credit will determine whether you can borrow as a startup restaurant or funding your future expansion.
Therefore, restaurant equipment financing has many benefits. It will save your business cashflow by financing depreciating assets. Avoid obsolescence and inflation buster. Don’t forget it builds asset for the business while benefiting from tax deductibility under IRS section 179 of these types of purchase. these types of equipment can be too expensive to buy, and anyway, they depreciate so fast. Equipment Leasing is the best way to go about it conserves cash and protecting from obsolescence. The best thing about Office Equipment Leasing is that you also enjoy tax benefits and the low monthly payment it affords you, same as the person that buys the equipment, most of these transactions will not appear on personal credit since it’s a business loan.
Available business funding for restaurant owners
Feature | Business Loans | Equipment Leasing | Equipment Financing |
Ownership | 50% | 100% | 100% |
Origination, Admin Titling Fees | Low | Low to moderate | Varies |
Monthly Payments | Monthly, Daily, Weekly | Monthly | Monthly |
Credit Minimum: | 500 | 600 | 650 |
Fund Disbursements | Client | Vendor | Vendor |
New/Used Equipment | n/a | Yes | Yes |
Maximum Term | 24 months | 60 months | 60 months |
Time in Business | 3+ years | Startup OK | Startup Ok |
Interest Rates | Moderate | Low | Low |
Application Only | $150K | $250K | S250K |
Funding Time | Same Day Funding | 1-3 days | 1- 5 days |
Hawaii Restaurant Equipment Financing Options
These Restaurant Financing Solutions typically involve two primary Financing Options:
- Restaurant Equipment Financing: Businesses secures equipment financing for Restaurants in Hawaii for kitchen, frontend equipment like chair, tables, displays and cases and freezer should be utilize as a way to conserve cash. These Restaurant kitchen equipment financing allow businesses to spread the cost of the equipment over time, making it more affordable for business owners with equipment financing.
- Restaurant Equipment Leasing: Leasing involves off-balance sheet financing in the form of Fair Market Value (FMV). During the lease term, the business pays regular payments to the leasing company. Payments is deducted 100%. At the end of the lease term, the business may have the option to purchase the equipment, typically, 10% or based on current fair market value. Or return the equipment or negotiate a new lease agreement for upgraded equipment. Capital lease or a dollar buyout should be considered especially if you’re planning to have lower payback.
Both financing and leasing options offer benefits such as preserving cash flow, avoiding large upfront costs, and providing flexibility in of consistently having an updated equipment. Additionally, financing and leasing solutions for equipment may include maintenance, installation, delivery, and service agreements.
Equipment Financing In Hawaii For Restaurants
If you’re looking to grow or start your restaurant business in Hawaii, Liberty Capital offers competitive restaurant equipment financing solutions tailored to your unique needs. Whether you’re opening a new location, upgrading kitchen equipment, or expanding your dining space, our flexible financing options are designed to support your goals. With competitive interest rates, customizable repayment terms, and quick access to funds, Liberty Capital can help you acquire everything from ovens and refrigerators to furniture and POS systems, ensuring you have the tools you need to succeed in the vibrant Hawaiian culinary scene. Our streamlined application process and expert financial advisors are here to make the financing experience smooth and hassle-free, empowering you to focus on delivering exceptional dining experiences to your customers.
We know Finance! We’ve been doing it for 20 years. The restaurant equipment search can be long and difficult, so Liberty Capital uses a simplified online application to get you preapproved. Once approved, the process to get you the equipment is quick and easy. We’ll arrange with your vendor for payment and delivery as fast as possible. Compared to traditional lenders, our advantages to you include:
- Up to 120% equipment cost
- 100% pre-funding
- Up to $250,000 with a simple one-page application
- Up to $5,000,000 with financial statements
- Next-day funding approval
- Food Truck Financing
- 12 – 60-month fixed payment terms
- No down payment required for qualified borrowers.
- Lowest Rates in the industry for qualified borrowers
- Eligibility for all new and used equipment financing.
- Will not appear on personal credit reports.
- No pre-payment penalties
Choose Between Equipment Finance Agreement or Equipment Lease for Restaurant Equipment
We’ve provided Restaurant Equipment Financing in Hawaii for Franchisors who are mandated to upgrade such as kitchen equipment, chairs, tables, and lobby furniture, TV’s, A/C units, counters, and POS reservation systems. We are a direct lender that specializes in the hospitality market, so we can develop a customized finance solution geared to enhancing your property’s growth, image and bottom line. If you do catering we can do all of your catering equipment including spoons, forks, tables, portable coolers, and bins. We can finance not only food truck but commercial vans for your food delivery or services or catering business.
Liberty Capital accommodates clients with to financing options that will yield very little working capital outlay.
- $99 for the first 6 months: Requires only $99 to start.
- 90-day Deferred Payments – $0 for the first three months
- Working Capital loans for short-term cashflow needs
- Fast approvals online application only up to $250,000, full financials above $250,000.00
- Other off-balance sheet financing – Fair Market Value, 10%
- Lease – “$1 buyout lease.”
- Terms from 12 – 60 months
Credit Requirements for Startup Restaurant Equipment Financing in Hawaii:
Credit Requirements for Startup Restaurants Financing in Hawaii:
- Business license or active business entity with the secretary of state
- Personal guarantees required from all owners.
- Minimum 600 credit score
- No bankruptcies in the last 7 years
- No unresolved tax liens
The Restaurant Equipment Vendor? What part do they play?
We have utilized our years in business, experience in verifying and vetting restaurant equipment vendors, and formal resources to weed out vendors that are not well suited for our customers. To that end, we recommend looking for those who are reputable. We can get the vendor approve for you as well. To avoid fraud, we work with you to make sure your successful protected from unscrupulous vendors. Contact us quickly before putting any down payment to any vendors without verifying their history. We can do that for you!
What do I need to apply?
- ONLINE APPLICATION: You can fill out our application, upload and authorized us to process your application. We do soft-inquiry, and our lender will do hard inquiries once you are approved for Equipment Financing only.
- Equipment Invoice or Quote for the kitchen equipment you want to buy. Multiple vendors accepted. We’ll lump them into one monthly payment for you. We’ll accept bill-of-sale for some private sale.
- Banks statements (3-4 months) – Proof income, proof of banking, and proof funds availability in case down payment is needed and to match for ACH Payment Drafting – as an auto pay.
For questions, please don’t hesitate to call 808-207-5787
