LeaseQ and Canadian food service equipment manufacturer group DaVinci Compass, owner of Picard Ovens, Sipromac and Lambertson, announced a partnership to provide automated equipment financing to restaurant industry borrowers.

“We were offering financing, but it was the old way of doing things,” said Vincent Tourigny, vice president of Picard Ovens, Sipromac and Lambertson “Our dealers often do business with end users who don’t qualify for traditional financing, and with the LeaseQ solution, we can provide more end users with increased access to new equipment, greater productivity, cost savings and higher profits.”

The partnership signals LeaseQ’s entry into the Canadian food and beverage market, and provides 4,000 dealers across DaVinci’s multi-national dealer network access to the LeaseQ platform for more financing options and increased conversion rates.

“The food and beverage market is unique in that it requires great flexibility and speed in financing many different types of equipment,” said Cory Damm, vice president and general manager for the Food & Beverage Vertical Market Group at LeaseQ. “Our partnership with Picard Ovens, Sipromac and Lambertson allows us to serve up countless financing options to a strong network of 4,000 dealers—which they can then pass on to their borrowers.”