Quick Cash For Your Restaurant Equipment
With A Sale and Leaseback Option
The equipment sale and leaseback option, is your new secret alternative cash flow financing tool, in addition to the focus on this site, which is the merchant cash advance.
What Can You Do When The Merchant Cash Advance Is Not An Option
If the “merchant cash advance option” is not a choice, what else can you do to acquire quick cash ?
This is where I come in as a financial loan consultant! I give you choices, options, alternative financing solutions when others lenders say No to you!
If you own the property your restaurant is located on, this can be used to excercise the sale and leaseback option or the hard money lending option, if super fast closing in 3-5 days is a must!
What may not be considered as collateral to a lender may be considered as Assets To Another! There are hidden assets right within your restaurant equipment, that may not have been viewed as assets to you for purposes of raising cash flow working capital.
Your restaurant equipment is your other secret ace in the hole, when you need some other financing options to pay off some bills, expansion, repairs, construction to accommodate more customers, advertising, etccc
What The Heck Is A Restaurant Equipment Sale And Leaseback Financing Option
A sale and leaseback financing transaction is where you as the owner of the restaurant sells its free and clear assets such as restaurant equipment, including cash registers, computers, freezers, etccc and leases it back at the same time. These sales and leaseback arrangements can be anywhere from $50k - $5 Million +
For the purpose of understanding how this type of financing can be used as a tool for your own cafe, bar/restaurant, diner, or possibly other businesses you may own.
Do you own a car wash, automobile repair shop, construction company with construction equipment, salvage yard, supermarket, copy service, dry cleaner, landscaping service, if you own any of these other businesses mentioned, any equipment being used in any other business that you may own can be used to raise very quick working capital!
Types Of Equipment You Can Do A Sale and Leaseback On
Construction equipment,dry cleaning equipment,medical equipment,dental equipment,restaurant equipment,manufacturing equipment, production equipment, yellow iron, dump trucks and trailers, agricultural and farm equipment, and other heavy equipment.
Lenders have come up with many industries standards to make the available credit pretty much standard. The first area that the lender will consider is the the value of the free and clear asset that is going to be sold and leased back. Each lender’s formula is somewhat similar but they usually value the acquired asset somewhere between 50%-70% of the auction value. This auction value will come from trade publications and other standards in the industry for these particular assets.
The applicant’s credit will be evaluated once value of equipment has been established.
Some lenders will consider the credit irrelevant and base it on value of the asset. Other lenders do care about credit and will accordingly come up with some kind of score and then assign rates based on the applicants credit score and assets they own.
The lender will lease these bought assets anywhere from 24-85 months back to the applicant. Additionally, the lender will offer residual buyout clauses anywhere from 25% residual to fair market value of the asset at the end of the lease. This will keep the applicant’s monthly payment as low as possible.
Sale and Leaseback Financing - What Are You Required to Provide:
- a lease application
- a detailed equipment list
- financial statements on a personal level
- assets to be sold and leased back are mentioned
- summarize what are the particulars about the deal
- year, model makes of equipment
- bill of sale and title
In What Ways Can You Use The Money Secured By A Sales Leaseback
Can be used for:
- working capital
- debt re-structuring
- equipment acquisitions
- paying off judgements and other liens.
Sale and Leaseback Financing - Unique Features Some other unique features of the sales and leaseback program is that usually these transactions are: Non-bankable type transactions, home ownership isn’t required, and poor credit isn’t an issue!
NOTE: We do not rent or sell any information to any 3rd party. All information acquired on this application is used only for the purpose of approving your business financing application.
Quick Cash For Your Restaurant Equipment
With A Sale and Leaseback Option