Equipment commonly financed
Assets used in hospitality
Examples include the equipment below. Eligibility depends on commercial use, transaction size, condition, seller and lender requirements.
- Commercial ovens, ranges and fryers
- Walk-in and reach-in refrigeration
- Freezers and ice machines
- Dishwashing and sanitation systems
- Bakery and dough-processing equipment
- Brewing and food-production equipment
- Food trucks and mobile kitchens
- Point-of-sale and eligible technology
- Durable restaurant furniture and fixtures
Equipment and renovations need separate budgets
Commercial kitchen projects often combine equipment, plumbing, electrical work, millwork, permits and décor. Lenders finance durable assets more readily than leasehold improvements or general opening costs, so itemized supplier quotes are essential.
For an existing operation, historical sales and cash flow help explain the purchase. For a new location, operator experience, equity, lease terms, concept, total project budget and contingency planning become especially important.
Qualification is transaction-specific. Merrit Capital does not promise approval, rates, down payment, term or funding time before a lender has reviewed the borrower, asset and documents.