Bare Metal Standard, a commercial kitchen fire prevention company and franchisor, has entered a partnership with Equipment Leasing Services (ELS) for a $5 million line of credit. The credit facility will enable franchisees to finance equipment with a favorable TRAC lease.

The TRAC lease that ELS has drafted for Bare Metal Standard offers franchisees a lowered initial cost, 36 monthly payments and then one TRAC payment at the end of the 36 months. Because the TRAC lease drastically decreases the initial cost of the necessary equipment, the deal ultimately allows current franchisees a cost-effective way to extend its service offerings while also offering prospective franchisees a lower cost of entry to the franchise. Terms of the deal were agreed upon by James Bedal, Bare Metal Standard CEO, and Jeff Dallstream, ELS vice president of Sales.

“In mitigating commercial kitchen fires, Bare Metal Standard provides a needed service with the utmost professionalism, up-to-date processes and experience that is unmatched by any of its competitors,” Dallstream said. “Making the decision to offer the TRAC lease and credit facility to its franchisees was not difficult once we factored in the need for its services and the decades of experience the leadership team provides. We look forward to working with current and future franchisees.”

“As a franchisor, one of our top priorities is to create great partnerships that ensure our franchisees have access to the tools they need to keep up with local demand,” Bedal said. “Equipment Leasing Services has demonstrated its faith in Bare Metal Standard by making these funds available to our network on such favorable terms. We anticipate many franchisees utilizing this new option when starting their new business.”