Restaurant equipment financing and leasing, fast.

All restaurants need equipment, and today many food operations demand intense, specialized items like commercial mixers, walk-in fridges, flat-top stove ranges, and pizza ovens. The high sticker price on these items can be prohibitively expensive for small business owners, especially if you’re a new restaurateur or looking to expand an existing business.

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Restaurant equipment financing is a lending tool aimed at fixing this conundrum. Equipment financing empowers small business owners to buy a piece—or several pieces—of equipment and pay back the financing over time. Restaurant equipment financing, therefore, is a way restaurateurs can obtain restaurant equipment without paying for it all upfront.

To apply for restaurant equipment financing, you must identify first what sort of equipment your restaurant needs—ovens, blenders, ventilation, freezers, refrigerators, and safety equipment, for example. Almost any equipment can be financed, even non-electrical items like food-prep counters.

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Some manufacturers, like Hobart, offer direct financing for their equipment. In other cases, you can decide on the equipment you need and then apply to financiers for the total cost.

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If your credit score is relatively high and you have documentation showing that your business generates strong revenue, you can probably qualify for equipment financing. The application process for restaurant equipment financing is not as stringent as other forms of financing, like a term loan from a bank, in part because the restaurant equipment serves as collateral.

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After approval, funds often arrive as soon as 24 hours. You can then buy the needed restaurant equipment with this money. Every month, you’ll pay the same agreed-upon repayment amount—and once the financing is repaid, which usually takes 1–10 years, you own the equipment.

Restaurant equipment financing allows your business to obtain expensive, but necessary, pieces of equipment without paying for it upfront—one of its major benefits. By doing this, you can start earning money using the equipment without costing a huge chunk of capital at once.

You can finance restaurant equipment of all types and sizes, from walk-in refrigerators to blenders and coffee makers.

If your credit score is below 650, you can still qualify for restaurant equipment financing. Financiers will review how long you’ve been in business and your restaurant’s revenues and cash flow. While a lower credit score may mean you’re offered financing with higher interest rates, the best way to proceed is by filling out a free application to see what financing is available.