Several different leasing options are available, so all potential customers, even those with less than perfect credit, can lease equipment through FoodServiceWarehouse.com.

Standard Lease Options
Whether you are starting a new restaurant, or just want to buy new equipment, the following lease options are available to any qualifying person:

• 100% Financing
• Municipal Leasing
• Small or No Down Payment
• Small Business Administration (SBA) Loans

Additional Options for Existing Businesses
Additional lease options available for existing businesses, even those with less-than-perfect credit.

• 30/60/90 Day Deferred Payment
• Second Chance (credit score as low as 500)
• Easy Pay Cash Advance (no credit required)

The more information about yourself that you provide, the more we will be able to tailor a leasing program to your individual situation. When filling out the lease application, you will be asked to provide the following:

• Social security number. This is the most important piece of information because it allows us to check your credit rating.
• Insurance information. Although not required to process the application and deliver a decision, proof of insurance will need to be provided before moving forward with the leasing process.
• Credit references. Provide either a bank reference or other contacts with whom you have credit accounts as sources of your credit information (start-ups can usually leave this portion blank).
• Federal tax ID number. This information is required to assure that your restaurant is a legitimate business that is registered with the IRS.
• Equipment list. The equipment list is needed so we can put together a price quote for you and help you determine how much money you will need to be approved for. The equipment does not all have to be from the same manufacturer.

Depending on your credit rating, the leasing company will only approve funds for a specific dollar amount, much like a bank loan. For example, if you need to lease $50,000 worth of equipment but have a low credit score, the leasing company may only approve $35,000. You will need to purchase the remaining $15,000 worth of equipment through a credit card, bank loan or other form of payment. When leasing new restaurant equipment from FoodServiceWarehouse.com, you will go through these simple steps:

1. Choose new restaurant equipment to lease.
2. Download and fill out the leasing application.
3. Send the equipment list and signed application to leasing@foodservicewarehouse.com, or fax it to 303-476-4487.
4. Accept a call from the leasing company to discuss your individual situation.
5. Receive initial rate and leasing terms. Terms are negotiable.
6. Once you agree on leasing terms, the actual leasing document/contract will be mailed to you, so you can fill out and return it.
7. FoodServiceWarehouse.com sends the new restaurant equipment and supplies directly to you.
8. You make monthly payments per your leasing agreement. Payments usually do not begin until the equipment has been delivered.
9. At the end of the lease term, you can either pay the buyout amount, so the equipment is yours, return the equipment to the leasing company or extend the lease for a predetermined length of time.

On the FoodServiceWarehouse.com website, you will find an estimated lease-to-own amount next to most of our restaurant equipment. The rate displayed is based on an excellent credit rating and a 60 month lease term. Depending on your individual credit score and the length of your lease, your actual monthly payments can be higher or lower than the example shows. Installation costs are not included in the leasing agreement. However, FoodServiceWarehouse.com is able to help you locate a local agent to do installation. Depending on your circumstances, we may be able to negotiate special terms with the leasing company to get you installation funds. Standard warranties still apply for all of your leased equipment. If you need to service your equipment while the equipment is under warranty, you can either call the manufacturer directly or call FoodServiceWarehouse.com, and we will act as your liaison with the manufacturer. Once the warranty has expired, we can help you locate an authorized service agent in your area. You will be responsible for paying any service or parts fees that are incurred. When you sign your lease agreement, you will have your choice of buyout options. These options affect your monthly payments and how much you will have to pay at the end of the lease term.

• Fair market value (FMV). At the end of the term you can purchase the equipment for its current Fair Market Value. This option gives you lower monthly payments and maximum tax benefits, and it is ideal for equipment that rapidly depreciates in value. The end of term option is open-ended.
• Dollar buyout. With the dollar buyout option, you will have higher monthly payments. At the end of your lease term, you purchase the equipment for $1, and the title to the equipment is transferred from the leasing company to you.
• 10% Put. At the end of the lease term you can purchase the equipment for 10% of its original purchase price. The end of the lease payment is predetermined at either a fixed percentage of the equipment cost or a specified dollar amount.

You can pay off the lease before the end of the term, but you will have to pay the entire agreed upon amount, including interest and buyout price. There is no penalty for buying out early, but there is also no real benefit since you are still responsible for paying the entire amount to the leasing company. If you are opening a new restaurant, you will need more than just restaurant equipment. You will also need a Point of Sale (POS) system and all the hardware and software required to run that system, and FoodServiceWarehouse.com can help you finance that as well. We can even help you finance non-restaurant related equipment, such as gym equipment for a hotel fitness room. There are some restrictions to our leasing program:

• $2,000 minimum. Leasing anything under $2,000 will not be worth your while. Lease application fees and terms will be too high to make leasing a viable option. You are better off just buying the equipment with cash. You will save money in the long run.
• No leasing for smallwares or furniture. We cannot lease smallwares and furniture, because they depreciate in value very quickly. Also, there are no serial numbers on these items, and you will most likely replace some smallwares and reupholster your furniture while doing business.
• No leasing for custom built equipment. Kitchen hoods, flight dishwashers and most walk-in coolers are custom built for each individual establishment. As such, these pieces of equipment are virtually impossible to resell if the leasing company has to repossess them. Therefore, we do not offer leasing options on custom-built equipment.