Restaurant Equipment Financing
If you are in the restaurant business and require restaurant equipment financing to provide assets for operation, the good news is that there are equipment financing and leasing companies that finance these types of equipment.
The bad news is that the loan to value or lease to value is not very high compared to other types of assets and the personal covenant of the owners of the restaurant need to be sufficient to cover the risk of the financing.
Basically this is covenant financing where the underlying assets don’t lend a great deal of security value to anyone providing financing for their acquisition or refinancing.