Leasing, Rental & Financing Options
Paragon has partnered with EconoLease and SilverChef, two of the nation’s leading financing companies, to offer you flexible options that allow you to get the equipment that you need now.
Whether you choose to Finance, Lease or Rent, you’ll find a variety of programs specifically designed for the hospitality industry. Be sure to contact us if you have any questions about finding the best solutions for your business.
Handy Quote Calculator
Get an estimate on financing costs:
- Input the pre-tax Equipment Cost
- Select your Business Type
- Select your preferred Term
- Contact our preferred Financing Partners to get more information (see below)
Get fast approval for financing almost any equipment or smallwares purchases for your foodservice operation!
Keep Your Cash
Finance is a smart way to run and grow your business. The benefits of financing your equipment over paying by cash include:
- No major cash outlay upfront lets you keep working capital
- Flexibility to try before you buy
- Flexibility to upgrade or change equipment
- Try out equipment while working towards ownership
For Start-Ups to Existing Businesses, Econolease is Canada’s leading provider of financial services to the food service industry, offering cost-effective solutions that best fit your financial needs.
Keep cash in your bank account, especially during these unprecedented times and let us pick up the tab. You pay it off over a term that you choose. Equipment from $1,000 – $2M. Full projects or one piece. You can apply now, easily and securely, using our online application.
Are you over three months in business and need some cash? Our working capital loans allows you to unlock cash for your business that can be used for non-asset-based lending. With a loan you get daily and weekly payment options, financing available in under 3 days, fixed repayment terms, and terms from 6 to 12 months.
Our rental program has been designed to help you get the equipment you need as quickly and as simply as possible. Just select the equipment you need, then fill out a simple application which we will submit for approval. Usually, rental approvals for your kitchen equipment can be processed the same day or even instantly. Quick and easy.
Introducing Canada’s first 0% financing solution designed for food service operators. Instant online approvals and digital documentation. Designed for Canadian food service operators and available for thousands of products. Our fully automated online financing platform allows you to get the equipment you need today and pay it off with short-term installment payments.
SilverChef is the hospitality equipment finance specialist with options that fit your needs. It’s quick and easy to apply online or by phone, and SilverChef looks for ways to say ‘yes’, so you can stop dreaming and start doing.
Renting kitchen equipment can be a good alternative to buying outright. There are a lot of costs involved in setting up and running a commercial kitchen, so choosing to rent commercial kitchen equipment can leave you more money for running your business and other expenses.
With SilverChef’s Rent-Try-Buy you get additional flexibility over typical rental products. You can decide to upgrade your equipment in the first 12 months if you need something bigger and better (in the same equipment category e.g. upgrade rented fridge to a bigger fridge); you can also decide to purchase it and get a 60% net rental rebate on your payments so far (up to 12 months).
At the end of your 12 month contract, you can decide whether to keep renting your restaurant equipment, work towards ownership, or return. Please note that if you decide to purchase your kitchen equipment after the end of your 12 month term, the net rental rebate drops to 20% after 12 months.
With Lease-to-Keep you get the equipment you need now, with monthly payments spread over four or five years. At the end of the term, the equipment is all yours. Simple.
Having the right commercial kitchen equipment is critical to your restaurant’s success and profitability. But, fitting out a restaurant is a costly business. When you lease commercial kitchen equipment you can spread the cost over time. By leasing some of your equipment, you keep your upfront setup costs more manageable.