Financing program
Equipment Financing
Equipment financing spreads the cost of the hardware your service depends on across the years it will run, and the equipment itself carries most of the underwriting weight.
What is equipment financing for a food business?
Equipment financing pays a vendor directly for commercial kitchen equipment, refrigeration, POS systems, or vehicles, and you repay in fixed monthly payments over 2 to 7 years. The equipment secures the loan, so approval leans on the asset and your deposit history rather than a long balance sheet.
Estimates, not offers: Amounts, terms, and funding times are estimates based on programs commonly available in food service. Actual terms vary by program, lender underwriting, time in business, revenue, and credit profile. Nothing here is an offer of credit or a guarantee of approval. See source and method.
| Detail | |
|---|---|
| Typical amount | 5,000 to 500,000 |
| Term | 24 to 84 months |
| Time to funding | 1 to 5 business days |
| Documents | Application, equipment quote, bank statements |
| Cost structure | Fixed monthly payment |
Estimates, not offers: Amounts, terms, and funding times are estimates based on programs commonly available in food service. Actual terms vary by program, lender underwriting, time in business, revenue, and credit profile. Nothing here is an offer of credit or a guarantee of approval. See source and method.
Where it fits
- /Replacing a failed walk-in, hood, or line
- /Opening a second location's kitchen
- /Adding delivery vehicles or refrigerated trucks
How the program works
- /Applies to new and used commercial kitchen equipment, refrigeration, HVAC, POS systems, and vehicles.
- /Financing can cover soft costs such as delivery, installation, and freight.
- /Structures include equipment finance agreements, capital leases, and fair market value leases.
What it looks like in practice
A 40 seat bistro replaces a failed walk-in cooler in 3 days instead of waiting on a savings cycle.
A catering company adds 2 refrigerated vans ahead of wedding season.
Equipment Financing by business type
Equipment Financing questions
Can I finance used restaurant equipment?
Yes. Used and refurbished commercial equipment can be financed, though terms are usually shorter than for new units and some lenders require the seller to be a dealer rather than a private party.
How fast can equipment financing fund?
Most equipment requests fund in 1 to 5 business days once the application and equipment quote are in. Emergency replacements such as a failed walk-in are often decisioned the same day, with funds released once the vendor quote clears.
Do I need a down payment?
Programs commonly cover 80 to 100 percent of the equipment cost, and soft costs such as delivery and installation can often be included. Larger tickets, used equipment, and newer businesses more often require 10 to 20 percent down.
Does equipment financing require a hard credit pull?
Submitting a request does not require a hard pull. A specific lender will tell you what it needs before pulling anything.
Can I finance equipment for a business under a year old?
Often yes, because the equipment secures the transaction. Terms will be shorter and a down payment is more likely.
What equipment qualifies?
Ovens, fryers, hoods, walk-in coolers and freezers, dish machines, refrigeration, HVAC, POS systems, furniture, delivery vehicles, and refrigerated trucks.