Finance & Leasing with MJS

Finance & Leasing with MJS

At MJS Catering & Refrigeration Equipment, we understand that investing in commercial catering equipment can be a significant expense.

Whether you're opening a new business, refurbishing an existing kitchen, replacing essential equipment or expanding your operation, having access to the right equipment is vital.

That's why we can help arrange flexible equipment finance and leasing solutions, allowing you to spread the cost of your investment over an agreed period rather than paying the full amount upfront.

With access to a wide range of leading catering equipment brands, we can help you get the equipment you need while keeping more money available within your business.

 

Why consider leasing?

Get the equipment you want

Don't let an immediate budget restrict your choice of equipment.

Protect your cashflow

Keep capital available for wages, stock and other day-to-day business expenses.

Spread the cost

Spread equipment costs over an agreed period, typically between 1 and 5 years.

Plan your expenditure

Fixed scheduled payments make it easier to budget and forecast future costs.

 

What are the benefits of equipment leasing?

1. Improve your cashflow

Cashflow is essential to every business, regardless of its size. Leasing allows you to retain more working capital in your bank account instead of committing a large amount of money to equipment purchases.

2. Access the equipment you really need

Rather than compromising on equipment to meet an immediate budget, finance allows you to consider a wider range of options and invest in equipment that better suits your business requirements.

3. Finance up to 100% of the equipment cost

Depending on the agreement and finance provider, it may be possible to finance the full cost of your equipment, reducing the need for a substantial initial capital outlay.

4. Keep existing bank facilities available

Equipment leasing can provide a separate funding facility, helping you preserve existing overdrafts and bank borrowing arrangements for other business requirements.

5. Fixed, manageable payments

Agree a finance term and scheduled payments in advance, helping you plan expenditure and manage your monthly commitments.

6. Upgrade and modernise your equipment

Keep your kitchen up to date with modern, efficient equipment without having to fund the entire investment from available cash.

 

How does equipment leasing work?

Leasing is an established method of financing business equipment. A finance agreement is arranged between your business and a finance provider, allowing you to use the equipment while spreading the cost over an agreed period.

The process is straightforward:

1. Choose your equipment

Select the catering equipment you require from MJS. We can help you source equipment from our extensive range of manufacturers.

2. Request a finance quotation

We can introduce you to our finance partner, who will discuss the available options and provide a quotation.

3. Agree your finance terms

Choose an appropriate repayment period and review the proposed monthly payments and agreement conditions.

4. Complete your application

Submit your application to the finance provider for assessment and approval.

5. Receive your equipment

Once the agreement has been approved and completed, your equipment can be supplied and delivered in accordance with the agreed arrangements.

 

Is there a tax benefit to leasing?

Depending on the type of finance agreement, leasing may offer tax advantages for your business.

Under certain qualifying lease arrangements, rental payments may be treated as allowable business expenses and deducted when calculating taxable profits.

However, tax treatment varies depending on the structure of the agreement, the accounting treatment and your business circumstances.

We recommend speaking with your accountant or tax adviser to establish the potential tax benefits available to your business before entering into an agreement.

 

How are lease payments made?

Payments are generally collected by monthly Direct Debit, providing a convenient and straightforward way to manage your finance commitments.

Your payment amount and collection dates will be confirmed within your finance agreement.

 

Is the finance secured against my property?

Equipment finance is generally arranged against the equipment being financed, rather than requiring your business premises or property as security.

However, depending on the finance provider, the applicant and the circumstances of the application, personal or directors' guarantees may sometimes be required.3

 

Should I approach my own bank?

Equipment leasing can provide an alternative funding route to a conventional bank loan or overdraft.

By using a separate finance facility, you may be able to preserve existing banking arrangements for other business expenses, unexpected costs or periods when cashflow is tighter.

It also offers the benefit of agreed payment schedules, helping businesses plan their expenditure more effectively.

 

Frequently asked questions

What equipment can I finance?

A wide variety of commercial catering and refrigeration equipment may be eligible, including ovens, fryers, dishwashers, refrigeration, ice machines, preparation equipment and complete kitchen installations. Eligibility is subject to the finance provider's criteria.

How long can I spread the payments over?

Finance terms are typically available between 1 and 5 years, depending on the equipment, agreement and finance provider.

Can I finance the full cost of my equipment?

Finance of up to 100% of the equipment cost may be available, subject to approval and the terms offered by the finance provider.

Will I own the equipment at the end of the agreement?

This depends on the type of finance agreement. Some arrangements include an option to purchase the equipment following completion of the agreed payments, potentially subject to a final payment or other conditions. Your finance provider will explain the ownership arrangements before you commit.

Who can apply for equipment finance?

Business finance may be available to eligible limited companies, partnerships and sole traders, subject to the finance provider's credit assessment and lending criteria.

Do I have to use finance for every purchase?

Absolutely not. Finance is simply another payment option available to customers who would prefer to spread the cost of their equipment investment.

 

Ready to Invest in Your Business?

Whether you need a single piece of equipment or a complete commercial kitchen, speak to MJS about spreading the cost through an equipment finance solution.

Let us help you find the right equipment and explore the finance options available.

01788 891510

www.mjsequipment.co.uk

Finance is subject to application, credit approval and the finance provider's terms and conditions. MJS does not provide tax or financial advice. Tax treatment depends on individual circumstances and the type of agreement.