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Bakery Equipment Financing

The Equipment You Need With Minimal Upfront Costs
bakery-imageBakery equipment financing enables our customers to purchase the baking equipment they need, without having to bear massive upfront costs associated with acquiring new equipment.

Through our partners, we are able to provide payment terms that allow our customers to easily purchase our available product offerings. Below are a series of Frequently Asked Questions that can help address any concerns you may have regarding the financing process with Erika Record Baking Equipment and these partners.

Does Erika Record Baking Equipment offer direct financing or leasing?

We are experts in bakery equipment, not financing or leasing. As a result, we have a variety of experienced partners that can provide these services. These include direct lending partners who are able to provide direct funding to customers with good credit scores. This enables us to remain competitive with pricing and offer an exceptional customer experience that is centered around bakery equipment and production solutions.

 

What are some basic requirements needed in order to obtain financing or leasing?

Our bakery equipment financing partners typically require a minimum of 2 years time in business and a FICO score of at least 640.

Do I have to apply utilizing my personal credit information?
If you do not provide personal credit information, our bakery equipment financing partner can make a determination based upon the credit history of your business. The only time an your personal credit report is effected, is when you opt to apply for financing utilizing your personal information.
Can I receive preliminary rates based on the credit information and FICO scores I provide?

Yes, our bakery equipment financing partner can provide preliminary rates and payment terms based on the credit information and FICO scores you provide. However, final numbers are determined once our partner has run your credit information.

I have less than perfect credit, is financing/leasing still an option for me?

We understand that customers may be in the process of recovering from certain financial difficulties and hardships. For customers with recent bankruptcies, tax liens, repossessions, or other extreme credit issues our partners can seek approval through one of their third party lenders. This is done solely at the approval of the applicant.

Is financing available for used or refurbished equipment?

We do have bakery equipment financing partners that will consider used or refurbished equipment.

Business Hours

We're here to serve you. Our business hours are Monday - Friday: 8:00AM - 5:00PM EST.

Estimated Payments

The chart below provides payment estimates that assume good credit. The amounts listed are not guarantees and are subject to credit approval and financing. Your actual monthly payments may differ. 

$10k
  • 24 Months: $454/mo.
  • 36 Months: $317/mo.
  • 48 Months: $250/mo.
  • 60 Months: $209/mo.
$15k
  • 24 Months: $681/mo.
  • 36 Months: $476/mo.
  • 48 Months: $374/mo.
  • 60 Months: $313
$25k
  • 24 Months: $1,134/mo.
  • 36 Months: $793/mo.
  • 48 Months: $623/mo.
  • 60 Months: $522/mo
$50k
  • 24 Months: $2,268/mo.
  • 36 Months: $1,585/mo.
  • 48 Months: $1,246/mo.
  • 60 Months: $1,043/mo