Restaurant equipment financing lets you acquire commercial kitchen equipment — ovens, ranges, refrigerators, walk-in coolers, dishwashers, POS systems, smallwares, even full build-outs — without paying the full cost upfront. You spread the payment over 12 to 60 months, the equipment itself serves as collateral, and you preserve your working capital for operations.
Operating restaurants generating $20,000+ in monthly revenue qualify for equipment financing from $10,000 up to $5,000,000 per piece. Most equipment loans are approved in 24 hours, with funds disbursed directly to your equipment vendor or to your account once you've made the purchase.
What Restaurant Equipment Can Be Financed
Cooking Equipment
- Commercial ovens — Convection, combi, deck, conveyor, pizza ovens — typically $5K-$40K per unit
- Ranges and stovetops — Gas and induction commercial ranges, $3K-$25K
- Fryers — Single and multi-vat fryers, ventless fryers, $3K-$15K
- Grills and broilers — Char-broilers, salamander broilers, flat-tops, $4K-$20K
Refrigeration
- Walk-in coolers and freezers — Modular and built-in units, $5K-$50K+
- Reach-in refrigerators and freezers — Single, double, triple door, $2K-$15K
- Prep tables with refrigeration — $2K-$8K
- Display cases and merchandisers — $3K-$20K
- Ice machines — $2K-$15K
POS and Technology
- POS systems — Toast, Square, Clover, Lightspeed, Aloha hardware and software, $5K-$30K
- Kitchen display systems — KDS terminals and displays, $2K-$10K
- Online ordering integration — $2K-$15K
How Equipment Financing Works
Equipment Loans
With an equipment loan, you own the equipment from day one. The lender holds a lien on the equipment as collateral until the loan is paid off. You make fixed monthly payments — typically over 12 to 60 months. At the end of the term, the lien is released and the equipment is fully yours.
Equipment Leases
With a lease, you make monthly payments for use of the equipment over a set term. At the end, you have options: buy out for fair market value, buy for $1, return it, or upgrade. Leases often require no money down and have lower monthly payments than loans, but you don't own the equipment until the buyout.
Equipment Financing Rates and Terms
- Strong credit (700+) — Annual rates from 7% to 15%, terms 36-60 months
- Average credit (600-699) — Annual rates from 12% to 22%, terms 24-48 months
- Building credit (500-599) — Annual rates from 18% to 30%, terms 12-36 months
