When it comes to growing your business, financing or leasing equipment can provide a flexible and efficient solution to acquire the tools and assets you need without large upfront costs. Whether you’re running a restaurant, coffee shop, retail store, or another type of business, leasing can help you maintain cash flow, build credit, and access the latest technology. In this guide, we’ll explore the benefits of leasing and highlight the options available through trusted providers like Econolease, LeaseDirect and, SilverChef.
Why Lease Equipment?
Leasing equipment offers a range of benefits that can make it an attractive option for businesses of all sizes. Here are some of the key advantages:
- Build Commercial Credit: Establish a strong credit profile for future borrowing opportunities.
- Improve Cash Flow: Spread costs over time, keeping your business liquid for other essential expenses.
- Reduce Taxable Income: Lease payments are often deductible as rental expenses, lowering your tax liability. Learn more about leasing costs from Canada.ca.
- Defer Taxes: Pay GST, PST, or HST on monthly payments rather than upfront, improving your cash flow management.
- Access to New Technology: Upgrade or replace equipment more frequently without the burden of ownership.
Financing Options at MCK Equipment
At MCK Equipment, we partner with leading leasing providers to ensure you have access to flexible financing options tailored to your needs. Explore our financing solutions below:
Econolease
Econolease offers competitive financing for new and used equipment. With streamlined application processes and customizable payment plans, Econolease helps you acquire the tools you need to grow your business.
Get started with Econolease today and see how easy financing can be!
SilverChef
SilverChef provides innovative financing options like Rent-Try-Buy® and Lease-To-Keep™ programs, designed to meet the unique needs of the foodservice industry. This flexibility allows businesses to try equipment before committing to ownership, making it easier to adapt to changing requirements.
Explore SilverChef financing and start building your dream kitchen!
LeaseDirect
LeaseDirect specializes in Lease-To-Own financing, offering flexibility for businesses across Western Canada. As a source-neutral leasing provider, they help you acquire equipment from dealers, auctions, or private sellers. With over 20 years of industry experience, LeaseDirect is ideal for businesses looking to lease new or used equipment and vehicles.
Learn more about LeaseDirect’s benefits and apply today!
Tax Benefits of Leasing Equipment
Did you know leasing equipment can provide significant tax advantages? Lease payments are often classified as operating expenses, allowing you to claim them as deductions on your tax returns. This helps reduce taxable income and provides more financial flexibility. For more insights on tax benefits, check out this comprehensive guide from FinCap Financial Group.
How Leasing Helps Specific Industries
Restaurants and Coffee Shops
Lease equipment like ovens, refrigeration units, and prep tables to maintain high standards while managing costs. MCK Equipment offers tailored restaurant financing solutions.
Retail Stores
Access shelving, point-of-sale systems, and delivery vehicles to streamline operations and improve efficiency.
Hair Salons and Aesthetic Ventures
Upgrade to the latest beauty equipment and styling tools without breaking the bank.
Choosing the Right Leasing Option
When deciding on a leasing provider, consider factors like:
- Lease Terms and Conditions: Ensure the terms align with your cash flow and business goals.
- Source Neutrality: Choose providers like LeaseDirect that allow equipment purchases from a variety of sources, including private sellers.
- Flexibility: Look for options like SilverChef’s Rent-Try-Buy® to adapt to changing needs.
For more guidance, visit our Financing Overview page to compare options.
How to Get Started?
Financing and leasing don’t have to be complicated. At MCK Equipment, we’re committed to helping you find the perfect solution for your business. Contact us today to explore leasing options through LeaseDirect, SilverChef, or Econolease.
