Equipment Financing for Restaurants.
Restaurants operators turn to equipment financing when kitchen equipment, walk-ins, pos systems, and hvac or build-out and renovation of new or existing locations can't wait on a bank timeline. Summit underwrites the sector against time in business, not just two years of clean returns.
Equipment Financing for restaurants.
Finance kitchen equipment, walk-ins, POS, and FF&E with 0–10% down and terms up to 84 months.
For restaurants equipment financing placements, expect amount of $25K – $5M, apr of 7% – 28%, term of 24 – 84 Months. Qualification typically requires time in business 0 – 24+ Months (start-up programs available) and annual revenue $150,000+.
- ◆Kitchen equipment, walk-ins, POS systems, and HVAC
- ◆Build-out and renovation of new or existing locations
- ◆Seasonal payroll and inventory bridges
- ◆Marketing pushes for openings and promotions
What to expect.
Equipment Financing · Restaurants.
Finance kitchen equipment, walk-ins, POS, and FF&E with 0–10% down and terms up to 84 months.
Most restaurants equipment financing placements close in 3 – 10 days. Summit's desk routes the file to the lenders most active in this sector.
Invoice or quote from the equipment vendor. Last 3 months of business bank statements. Most recent business and personal tax return (for amounts over $250K).
Initial review is a soft pull. A hard inquiry only happens after you select an offer and proceed to closing.
Get equipment financing for your restaurants operation.
Indicative terms within 24 hours. No hard credit pull.
Begin Pre-Qualification →