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Restaurant Equipment Funding
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- Restaurant Equipment Funding
EconoLease and Vortex Restaurant Equipment
EconoLease is proud to partner with Vortex Restaurant Equipment to help hospitality businesses across Canada access the equipment they need. Whether you’re opening a café, upgrading your kitchen, or expanding operations, our flexible financing options are tailored to suit businesses at every stage of the hospitality journey.
About EconoLease
EconoLease provides flexible financing for Canada’s hospitality industry. From independent cafés to full-service restaurants, we help businesses access the equipment and financing they need to achieve their dreams. Our Rent-Try-Buy, Lease, and Loan finance options give business owners the freedom to grow, adapt, and succeed with confidence
Advantages to leasing
- Lease or finance to own.
- Longer-term contracts.
- Lower monthly carrying costs.
- $10 or 10% end of term options.
- All types of equipment.
- Leaseholds including exhausts, walk-ins.
Easy process
Equipment financing made for hospitality
With over 30 years of experience, EconoLease is your trusted partner for fast and easy financing solutions. Whether you need to finance new equipment, fund repairs or fitouts, access cash, or refinance debt, we provide quality service and tailored funding options from a wide range of lenders to ensure your business runs smoothly.
Our finance options are designed to suit a range of business needs, including:
- Rent-Try-Buy — A flexible 12 month rental agreement that allows you to change, upgrade or own at any time
- Lease — 12-60 month lease term with the best rates in market.
- Loan — Cash loans to support your operating expenses, wage costs, repairs and more.
Whether you’re a start-up or established business, EconoLease can tailor a finance solution for you with Rent-Try-Buy, lease and loan products.
Learn About Equipment Leasing / Financing
Get started in 4 simple steps
Apply
It’s quick and easy! Simply fill out an Application.
Approval
We approve you. It is fast with flexible options.
Buy Equipment
Choose the equipment and we buy them on your behalf.
Conserve Cash
Lease your equipment and conserve your cash.
How Rent-Try-Buy works
EconoLease provides flexible financing for Canada’s hospitality industry. From independent cafés to full-service restaurants, we help businesses access the equipment and financing they need to achieve their dreams. Our Rent-Try-Buy, Lease, and Loan finance options give business owners the freedom to grow, adapt, and succeed with confidence
With Rent-Try-Buy, you can:
Change, upgrade or own at any time
Try the equipment before deciding whether to buy it! You have the flexibility to pivot operations by being able to change the equipment completely. Or you can upgrade your equipment if you want to keep it in warranty, or if you outgrow your current model.
Maintain your cash flow
Avoid large upfront costs. Keep your capital free for day-to-day operations and growth.
Have 100% tax deductible payments
When you rent your hospitality equipment, you can treat the rental payments as an operating expense, which can be claimed as a tax deduction!
Make the most of your approval
Your initial EconoLease finance limit remains valid for 90 days, so you can add more equipment if needed.
Enjoy flexible options after 12 months
Continue renting (at a discounted rate), upgrade, buy, or simply return the equipment. If you buy, we give you back 60% of your net rental payments made in the first 12 months to put toward the purchase price.
Learn About Rent-Try-Buy
Get started in 4 simple steps
Apply
It’s quick and easy! Simply fill out an Application. We offer instant approval up to $50,000!n.
Get Equipped
Choose the equipment you need and we will purchase it for you on your behalf.
Start Business
Once you’ve received your commercial kitchen equipment, you are ready to go!
Flexible Options
Purchase or upgrade at any time. More flexible options are available after 12 months.
Apply today Frequently asked questions
What are the benefits of leasing or renting restaurant equipment with EconoLease, and how do they differ?
Leasing or renting your equipment is a smart alternative to buying, especially when managing the many costs of running a hospitality business.
Rent-Try-Buy ® :
- A 12-month rental agreement that gives you the freedom to change, upgrade, or purchase your equipment at any time.
- Low weekly payments that are 100% tax deductible, helping to keep your cash flow healthy.
- At the end of the term, you can return the equipment, continue renting, or work toward ownership with Easy Own ®.
Leasing:
- Ideal for standard and non-standard equipment (like vehicles, signage, or technology).
- 12 to 60 month terms available.
- Own the equipment at the end of the lease, with nominal buyout options available.
Both options are designed to help you preserve capital and adapt as your business evolves.
What is the interest rate?
What is the interest rate?
For EconoLease’s lease product, they work with a variety of lenders to secure the best rates in market based on your profile. Rent-Try-Buy is a rental contract and as a result, does not have an interest rate. There is a cost of borrowing, however Rent-Try-Buy is an off balance sheet loan, meaning that it acts as an operating cost and doesn’t impact your ability to borrow more funds.
What are the benefits of leasing or renting restaurant equipment with EconoLease, and how do they differ?
Applications take as little as 5 minutes, and most customers are approved within 24 hours.
