What Equipment Qualifies
- Cooking equipment (ovens, ranges, fryers, grills, smokers)
- Refrigeration (walk-ins, reach-ins, freezers)
- POS and technology (terminals, KDS, kitchen displays)
- Furniture (booths, tables, chairs, bar)
- HVAC and ventilation (hoods, fire suppression, AC)
- Vehicles (food trucks, delivery vans, catering trucks)
- Real estate improvements (build-outs, renovations)
Equipment Financing vs Equipment Leasing
| Dimension | Financing | Leasing |
|---|---|---|
| Ownership | You own at end | Lessor owns |
| Term | 12-60 months | 24-84 months |
| Down payment | 10-20% typical | $0-10% |
| Tax treatment | Section 179 deduction | Operating expense |
| Best for | Long-life equipment | Tech that obsoletes |
How Rates Are Set
Equipment financing rates depend on equipment type (longer-life equipment gets better rates), credit profile, restaurant tenure, and down payment. Typical rates 6-18% APR. Equipment serves as collateral, which lowers rate vs unsecured working capital.
Application Process
- Get equipment vendor quote
- Submit 5-minute equipment financing application
- 3 months bank statements + equipment quote
- Same-day decision
- Funded direct to vendor or to your account
- Equipment delivered, you start using and paying
When Equipment Financing Beats Working Capital
When equipment is the specific use case, equipment financing beats working capital because the equipment itself collateralizes the loan, lowering the rate. If you need money for mixed uses (some equipment, some payroll), working capital is more flexible.