Best Restaurant Equipment Financing Options of 2025
Restaurant equipment financing can help you buy appliances, cash registers and other essential equipment for your restaurant, cafe or fast-food business.
Financing your restaurant’s refrigerators, furniture and other equipment with a small-business loan
Dedicated equipment loans
Here are our picks for restaurant equipment financing options.
Why trust NerdWallet
How much do you need?
We’ll start with a brief questionnaire to better understand the unique needs of your business.
Once we uncover your personalized matches, our team will consult you on the process moving forward.
Max loan amount
$5,000,000
Min. credit score
650
Min. annual revenue
Undisclosed
See Your Loan Options with Fundera by NerdWallet
Pros
- Large borrowing maximums.
- Interest rates are capped.
- Long repayment terms available.
Cons
- Collateral is typically required.
- Longer processing times than online lenders.
SBA 7(a) loan
Best for large loan amounts
Max loan amount
$5,000,000
Min. credit score
650
Min. annual revenue
Undisclosed
with Fundera by NerdWallet
Pros
- Large borrowing maximums.
- Interest rates are capped.
- Long repayment terms available.
Cons
- Collateral is typically required.
- Longer processing times than online lenders.
Max loan amount
$250,000
Min. credit score
580
Min. annual revenue
$150,000
with Fundera by NerdWallet
Pros
- Can fund within one to two business days.
- No prepayment penalty.
- Flexible repayment options: monthly, quarterly, annually or semiannually.
Cons
- Charges an origination fee.
Triton Capital - Equipment financing
Best for bad credit
Max loan amount
$250,000
Min. credit score
580
Min. annual revenue
$150,000
with Fundera by NerdWallet
Pros
- Can fund within one to two business days.
- No prepayment penalty.
- Flexible repayment options: monthly, quarterly, annually or semiannually.
Cons
- Charges an origination fee.
Max loan amount
$250,000
Min. credit score
625
Min. annual revenue
$120,000
with Fundera by NerdWallet
Pros
- Cash can be available within 12 to 24 hours.
- Can be used to build business credit.
- Low minimum credit score requirement.
Cons
- Requires weekly payments.
- Not available in North Dakota, South Dakota or Nevada.
- Rates can be high compared with traditional lenders.
Bluevine - Line of credit
Best for fast line of credit draws
Max loan amount
$250,000
Min. credit score
625
Min. annual revenue
$120,000
with Fundera by NerdWallet
Pros
- Cash can be available within 12 to 24 hours.
- Can be used to build business credit.
- Low minimum credit score requirement.
Cons
- Requires weekly payments.
- Not available in North Dakota, South Dakota or Nevada.
- Rates can be high compared with traditional lenders.
Max loan amount
$150,000
Min. credit score
600
Min. annual revenue
$250,000
with Fundera by NerdWallet
Pros
- Funding in as little as 24 hours.
- Prepayment discounts available.
- Offers loans to startups and borrowers with bad credit.
- No collateral or down payment required.
Cons
- Charges a factor rate that makes it more difficult to compare costs with other lenders.
- Requires higher annual revenue than other online lenders.
- Misleading website marketing: National Funding offers only short-term loans and equipment financing/leasing.
- Charges an origination fee.
National Funding - Equipment financing
Best for flexible requirements
Max loan amount
$150,000
Min. credit score
600
Min. annual revenue
$250,000
with Fundera by NerdWallet
Pros
- Funding in as little as 24 hours.
- Prepayment discounts available.
- Offers loans to startups and borrowers with bad credit.
- No collateral or down payment required.
Cons
- Charges a factor rate that makes it more difficult to compare costs with other lenders.
- Requires higher annual revenue than other online lenders.
- Misleading website marketing: National Funding offers only short-term loans and equipment financing/leasing.
- Charges an origination fee.
Max loan amount
$500,000
Min. credit score
660
Min. annual revenue
$50,000
with Fundera by NerdWallet
Pros
- Cash can be available within two business days.
- Competitive rates among online lenders.
- Terms up to five years.
- iBusiness Funding also offers SBA loans up to $5 million.
Cons
- Charges an origination fee.
- Must be in business for a minimum of 24 months.
- Minimum credit score is higher than some other lenders.
iBusiness Funding - Online term loan
Best for long-term loans
Max loan amount
$500,000
Min. credit score
660
Min. annual revenue
$50,000
with Fundera by NerdWallet
Pros
- Cash can be available within two business days.
- Competitive rates among online lenders.
- Terms up to five years.
- iBusiness Funding also offers SBA loans up to $5 million.
Cons
- Charges an origination fee.
- Must be in business for a minimum of 24 months.
- Minimum credit score is higher than some other lenders.
Max loan amount
$250,000
Min. credit score
625
Min. annual revenue
$100,000
with Fundera by NerdWallet
Pros
- Cash can be available within the same business day (does not apply in California or Vermont).
- Accepts borrowers with a minimum credit score of 625.
- Streamlined application process with minimal documentation required.
- Can be used to build business credit.
Cons
- Cannot fund North Dakota-based businesses.
- Requires frequent (daily or weekly) repayments.
- Interest rates can be high compared with traditional lenders.
- Charges origination fee.
OnDeck - Online term loan
Best for speedy financing
Max loan amount
$250,000
Min. credit score
625
Min. annual revenue
$100,000
with Fundera by NerdWallet
Pros
- Cash can be available within the same business day (does not apply in California or Vermont).
- Accepts borrowers with a minimum credit score of 625.
- Streamlined application process with minimal documentation required.
- Can be used to build business credit.
Cons
- Cannot fund North Dakota-based businesses.
- Requires frequent (daily or weekly) repayments.
- Interest rates can be high compared with traditional lenders.
- Charges origination fee.
Max loan amount
$100,000
Min. credit score
625
Min. annual revenue
$50,000
with Fundera by NerdWallet
Pros
- Flexible qualification requirements.
- No prepayment penalties.
- Funds available by next business day after approval.
Cons
- Most borrowers are subject to a 2% draw fee.
- Not available in all U.S. states.
Headway Capital - Line of credit
Best for low-revenue restaurants
Max loan amount
$100,000
Min. credit score
625
Min. annual revenue
$50,000
with Fundera by NerdWallet
Pros
- Flexible qualification requirements.
- No prepayment penalties.
- Funds available by next business day after approval.
Cons
- Most borrowers are subject to a 2% draw fee.
- Not available in all U.S. states.
Max loan amount
$750,000
Min. credit score
700
Min. annual revenue
$250,000
with Fundera by NerdWallet
Pros
- Competitive interest rates.
- Longer repayment periods.
- Bank of America’s Preferred Rewards program can offer interest rate discounts and other perks.
- Fee discounts available for veteran-owned businesses.
Cons
- Charges an origination fee.
- Prepayment fees may apply to early repayments.
- Can be slow to fund.
- Application cannot be completed online.
Bank of America - Equipment loan
Best for low-cost financing
Max loan amount
$750,000
Min. credit score
700
Min. annual revenue
$250,000
with Fundera by NerdWallet
Pros
- Competitive interest rates.
- Longer repayment periods.
- Bank of America’s Preferred Rewards program can offer interest rate discounts and other perks.
- Fee discounts available for veteran-owned businesses.
Cons
- Charges an origination fee.
- Prepayment fees may apply to early repayments.
- Can be slow to fund.
- Application cannot be completed online.
Jump to
Where to get restaurant equipment financing
A variety of lenders offer financing options that can be used to purchase equipment for your restaurant.
- Banks and credit unions. Generally, you’ll find the most competitive
interest rates SBA lenders. - Online lenders. If you don’t qualify for a
bank or SBA loan loans offered by online lenders - POS providers. Some restaurant point-of-sale companies, for example Toast and Lightspeed, provide funding for their existing customers through
merchant cash advances
» MORE: Best business bank loans
How to choose restaurant equipment financing
Choosing the best business loan for your restaurant
Understand how much your restaurant can afford
Because restaurant cash flow can be volatile, especially within the first few years, you’ll want to make sure that you can support payments on an equipment loan before you commit to anything. That means understanding what to expect from your daily or weekly cash flow and how it aligns with other fixed expenses related to your restaurant.
If you work better when visualizing numbers, your restaurant's point-of-sale system equipment loan calculator
Consider your restaurant’s qualifications
Understanding what type and amount of funding your restaurant will qualify for is a huge part of determining which type of financing you should get. Similar to most small-business loans, restaurant equipment lenders will take your restaurant’s financial history, time in operation and your personal credit score into account when evaluating your application.
Generally, equipment financing can be more lenient because it comes with built-in collateral; however, you’ll still need to have strong annual revenue.
» MORE: Bad-credit business loans
Determine which type of financing is best for your business
There are several types of financing — equipment loans, term loans or lines of credit — that you can use to purchase equipment for your restaurant. Here is a look at each, as well as the situations where they may make the most sense for your business.
Equipment loans
Term loans
Business lines of credit
» MORE: Best business auto loans
Compare rates and terms
Once you’ve narrowed down your loan type and lenders, you’ll want to compare as many as you can.
Make sure you’re looking at annual percentage rate
Keep in mind that the actual rate and term you get from a lender will depend on your restaurant’s specific qualifications. To avoid being blindsided, you may consider comparing the highest rates, or working directly with the lenders you’re comparing to get a narrower idea of what you can expect.
Restaurant equipment leasing
When evaluating your application, leasing companies
NerdWallet writer Rosalie Murphy contributed to this article.
Methodology
NerdWallet’s review process evaluates and rates small-business loan products from traditional banks and online lenders. We collect over 30 data points on each lender using company websites and public documents. We may also go through a lender’s initial application flow and reach out to company representatives. NerdWallet writers and editors conduct a full fact check and update annually, but also make updates throughout the year as necessary.
Our star ratings award points to lenders that offer small-business friendly features, including: transparency of rates and terms, flexible payment options, fast funding times, accessible customer service, reporting of payments to business credit bureaus and responsible lending practices. We weigh these factors based on our assessment of which are the most important to small-business owners and how meaningfully they impact borrowers’ experiences.
NerdWallet does not receive compensation for our star ratings. Read more about our ratings methodology for small-business loans editorial guidelines