POS System Financing Options
Of course the least expensive POS Financing Option is CASH, but for those looking for alternatives, we have several financing options and a lot of information for you!
Probably one of the most popular POS System Financing Options is leasing. Leasing is quick and easy. Leasing usually requires a one page application with approval in 24 to 36 hours. There are many leasing companies
that will provide funding based on a 12, 24, 36, 48 or 60 month term with just the first payment in advance. As the term increases so do the credit requirements. For a new restaurant most leasing companies require a personal guarantee from a corporate officer with a strong credit rating. Leasing companies are not interested in recovering the collateral, they want their payments, so good credit is a must. Most POS system leasing is handled by a third party, an independent leasing company, and not by the company providing your POS system.