Equipment Replacement Incentives

Canadian small businesses are the fabric of our economy. At Econolease, although foodservice is our bread and butter(pun intended) we do go beyond financing restaurant projects. We are continuously trying to help find financial solutions for Canadian business owners – day in and day out. Whether it be through providing equipment lease financing, discounted merchant […]

What Is A Lease?

What is a Lease? Do I have to give my oven back after leasing it? No, you do not have to give your equipment back at the end of your lease term. Our leasing program is lease-to-own. Our lease-to-own program means you will have a fixed monthly payment which is 100% tax deductible. Lease terms […]

Not in food service? We’ve got you covered.

Working in food service financing has been such a treat. Mom and pop shops, huge national and chain accounts and everything in between. We get to help regular everyday people and hear all about their hopes, goals, dreams and consult on how to get them there. When the use of cannabis became legal in Canada […]

It’s Not The Size, It’s How You Use It!

I was out to dinner the other night with a few friends, one of whom was new to the group. When he asked what I did for a living I advised that I was in the equipment leasing business. One of his immediate responses was – “who would lease? It’s expensive and only for those […]

Five Dining Trends for 2019

With the New Year comes new opportunities for your restaurant. As the year changes so do trends and habits. The following trends were observed by BENCHMARK®’s executive chefs and culinary experts at the company’s 80 luxury hotels, resorts and restaurants coast to coast, offshore and in Europe. 2019 dining trend #1 Tea. In some parts […]

What you Need to Know When Selecting a Finance Company

Learning what you need to know when selecting a finance company for your Restaurant Business can help keep your business in the food industry on track. Avoiding debt traps while attaining the financing you need to grow your restaurant doesn’t have to be a headache. What can you use your financing for and how do […]

Small Business Alternative Lending

In the world of small business alternative lending, there are a few things to keep in mind to avoid becoming trapped in debt for years. Understanding how lenders earn income and knowing what to look for in a lender can help save tens of thousands of dollars. Bad Lenders It’s not uncommon to hear stories […]

New Start-Up Restaurant Financing

Whether opening a new restaurant or updating a kitchen to accommodate a growing clientele, food service industry equipment leasing and renting could be the solution you’re looking for. Before agreeing to the first financing option that comes your way, it pays to understand how bad lenders can prevent you from reaching your goals. Avoid the […]

A Restaurant Equipment Calculator is an Excellent Tool!

Equipment Finance Calculator There are so many elements that go into running a successful restaurant. Hiring staff, designing the room, dealing with food and safety regulations, preparing the perfect menu, advertising…the list could go on and on. The restaurant business is an exciting, high-octane world. Having the right equipment to create sumptuous meals is paramount. […]

The Cost of Opening a Restaurant in Toronto

Tabulating the Cost of Opening a Restaurant in Toronto  There are so many details that must be considered when starting up a new restaurant. Calculating the costs can be daunting. Design, equipment, staffing, supply management, it’s hard to know where to begin. Here is a brief overview of how to start the process of tabulating […]