375k

Median cost to open a restaurant in Canada

2yrs

Average time to break even

80%

Successful owners cite financing as their runway

Finance with Econolease

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:

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.

Rent–Try–Buy®

A flexible, 12-month rental agreement that lets you try hospitality equipment before deciding whether to buy it. The Rent–Try–Buy® agreement allows you to change, upgrade, or own at any time.

How Rent–Try–Buy® works:

EconoLease's Rent–Try–Buy® is a flexible, 12-month rental agreement that allows you to get the hospitality equipment you need, with the flexibility to change, upgrade, or buy your equipment at any time. All while maintaining a healthy cash flow, with low weekly payments that are 100% tax-deductible.

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.
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.

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.

Loan

Cash loans to support your operating expenses, wage costs, repairs, and more.

Lease

Leasing is a 12-60 month lease term with the best rates in the market.

Two men shaking hands in front of a restaurant string lights and greenery.

Explore Financing

Starting out isn't cheap and essential equipment never seems to wait for the "right moment" to break down, does it?

Flexible financing keeps your kitchen moving and your cash flow healthy.

Start here

Our industry can be unpredictable

That’s why we have teamed up with EconoLease to make upgrading easier. With flexible financing options, including leasing and Rent–Try–Buy®, you can get the equipment you need now without the upfront stress.

Gear Up, Pay Your Way, and Start Earning Income Now.

Start here

Work smarter not harder

Empower your journey as a new restaurant owner by utilizing financing for tax benefits. Free up funds for payroll, inventory, marketing, or unexpected expenses. We're here to guide you every step of the way.

Let RYCO take the worry off your plate.

Start here

Explore Financing

Starting out isn't cheap and essential equipment never seems to wait for the "right moment" to break down, does it?

Flexible financing keeps your kitchen moving and your cash flow healthy.

Start here

Our industry can be unpredictable

That’s why we have teamed up with EconoLease to make upgrading easier. With flexible financing options, including leasing and Rent–Try–Buy®, you can get the equipment you need now without the upfront stress.

Gear Up, Pay Your Way, and Start Earning Income Now.

Start here

Work smarter not harder

Empower your journey as a new restaurant owner by utilizing financing for tax benefits. Free up funds for payroll, inventory, marketing, or unexpected expenses. We're here to guide you every step of the way.

Let RYCO take the worry off your plate.

Start here

Ready to get started?

Apply now

Talk to the team at RYCO Kitchenworks or click below to apply directly with EconoLease.

Apply Now

Boost Cash Flow

Affordable monthly payments help you manage your budget and plan for growth.

Flexible Options

Choose to rent, lease-to-own, or try before you buy. You can even combine options in a single deal.

Tax Advantages

In many cases, lease or rental payments are fully deductible as operating expenses. *Check with your accountant for details.

Fast, Easy Approval

Apply online and get a quick decision—so you can keep things moving.

Offset the Unexpected

Free up funds for payroll, inventory, marketing, or unexpected expenses.

Designed for Foodservice

Financing terms tailored to the unique needs of restaurants and foodservice operations.

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.

Terms and Conditions

Terms, conditions and restrictions apply. Participation subject to approval. See details at econolease.com. Consult your own tax/legal advisors whether this program is right for you.

Financing FAQs

Frequently Asked Questions

Build your culinary dreams without creating a financial nightmare.

Econolease.com

Can I apply if I am a start-up business?

Yes, EconoLease has supported countless businesses from day one of their hospitality journey.

What if I don’t have strong credit?

EconoLease offers financing options to support a wide range of credit profiles. Their customer support team will contact you once your application is received and discuss which tailored financing solution would be best suited for you.

How do I know if I am approved?

Your dedicated Econolease Account Manager will contact you with your approval options within 24 hours.

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?

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.

How long does it take to get approved for finance?

Applications take as little as 5 minutes, and most customers are approved within 24 hours.