Obtaining a loan for your business is an easy process. Simply click on the "Start" button to fill out a quick form and get pre-approval. If you meet the criteria, one of our agents will contact you to finalize the process. <br><br>To do this, you will need to provide additional information about your business, such as recent financial statements, cash flow information, information on guarantees, and a description of the equipment you want to finance.

Business loans up to 300 000$

Restaurant Equipment Financing…

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Restaurant Equipment Financing

Get restaurant equipment financing for your business ranging from $5,000 to $300,000 in just a few business days, click the “Get Started” button to start the process.

Get your pre-approval in under 60 seconds by completing the easy and quick application process.

How does it work?

3 easy steps:

5 minutes

1. Fill out the questionnaire

Answer a couple simple questions about your financing needs thanks to our secure and easy to navigate quiz.

1 business day

2. Choose a financing option

Receive a call from one of our agents to navigate the financing options available to your business.

Same day

3. Get the funds for your business

Once approved and the contract is signed, receive your funds on the same day directly to your bank account.

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How does restaurant equipment financing work?

Obtaining financing for the equipment of your restaurant business with MicroCapital is easy. It is a fixed term loan, where you have to repay the loan (ranging between $5,000 and $300,000) in predefined installments until the loan and interest are fully repaid.

What are the eligibility criteria?

Here are the eligibility criteria to qualify for a fixed term business loan:

The company operates in Canada

Annual income: 100 000$

No active bankruptcy

The company has been operating for at least 6 months

Who can lend money to businesses to finance restaurant equipment?

There are several options for financing restaurant equipment for a business in Quebec.

Here are a few examples:

Bank and private loans: Businesses can apply for a bank or private loan to finance the purchase of restaurant equipment.
Government grants: There are government grant programs to help businesses purchase restaurant equipment.
Leasing: Businesses can rent restaurant equipment with options to purchase at the end of the contract term.

What are you waiting for?

Get pre-approved in less than 5 minutes…

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100% secure process

Get pre-approved in less than 5 minutes...

FAQ

How does it work?

Obtaining a loan for your business is an easy process. Simply click on the “Start” button to fill out a quick form and get pre-approval. If you meet the criteria, one of our agents will contact you to finalize the process.

To do this, you will need to provide additional information about your business, such as recent financial statements, cash flow information, information on guarantees, and a description of the equipment you want to finance.

What are the eligibility criteria?

To be eligible for equipment financing with us and our partners, you must meet the following criteria: a personal credit score of at least 550, a business credit score of at least 1300, be a Canadian business, annual revenue of at least 100,000$, operating in Canada for at least 6 months, and not currently in active bankruptcy.

What is the business term loan rate for restaurant equipment financing?

Interest rates for fixed repayment business loans can vary between 8% and 29% depending on the financial situation of your business and that of its owner.

Which industries are not accepted?

Although we offer loans to more than 700 industries, some sectors are considered risky and cannot be financed by us or our partners: firearms suppliers, government agencies, divination/horoscope activities, the adult entertainment, public administration, NPOs, religious organizations, money services businesses and all lottery/casino/betting related activities.

Example of repayment of a fixed-term loan

In the example of a term loan of $50,000 at an interest rate of 10% repayable over 16 months. The monthly reimbursement payments will be $3,531.25 for a total amount of $56,500. Interest on the loan will be $6,500.

You can use the following loan calculator offered by calculator.net to reproduce and view other business loan repayment examples.

What type of restaurant equipment can you finance?

There are many types of catering equipment that can be financed, such as professional kitchen equipment (such as ovens, refrigerators and hobs), service equipment (such as counters and tables), beverage service equipment (such as bars and brewing equipment), cleaning and washing equipment (such as dishwashers and floor scrubbers), storage equipment (such as refrigerated cabinets and freezers), preparation equipment (like blenders and mixers), cooking equipment (like grills and fryers), steaming equipment, and support equipment (like lighting and sound systems).

Why MicroCapital?

Our company, 100% Quebec, was created with the aim of providing Quebec SMEs with a reliable, flexible and fast financing solution.

99.2% Satisfaction rate

100% Canadian

We finance SMBs in over 700 different industries

What industries do we finance?

Restaurants

Online businesses

Retail stores

Professional services

Factories

Tourism

and more than 700 others…

At MicroCapital, we are committed to supporting Canadian SMBs by offering them financing solutions tailored to their specific needs.

We help companies in more than 700 different sectors, whether it is to manage a factory, a restaurant or any other type of business. We understand that every business has unique financing needs, which is why we offer a variety of financial products to meet those needs, such as purchasing equipment, financing an expansion or reorganizing the Treasury.

We work closely with our clients to understand their needs and offer them the best solutions to reach their full potential and are proud to contribute to the success of Canadian businesses.

Don’t wait any longer, click the button below to get started.

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