The hospitality and catering industry requires a wide range of specialised equipment. Since hospitality is all about luxury, you need to buy the best equipment for your business. This can be capital-intensive. In fact, the biggest portion of your capital will go towards acquiring the equipment you need to run a successful catering or hospitality business. Since you may not be able to come up with all the money you need to buy the equipment, you should look for hospitality & catering equipment finance.
There are only a few companies offering this type of financing. While banks and other mainstream lenders may provide you with the finances, they do not understand the industry, so they may have unreasonable expectations. That is why it is crucial you look for firms that have specialized in offering catering and hospitality equipment financing. Be sure to compare interest rates and deposit requirements before making a decision.