7 min read
Growth capital repaid in covers, not payments
How dining-credit funding works, what it really costs, and the kind of room it suits.
Funding options, 4 min read
If the money is for an oven, borrow against the oven.
Equipment lenders don't care about your Tuesday covers. They care that a $40,000 combi oven is worth something if you stop paying. That makes this the cheapest way to fund hard assets and the wrong way to fund anything else.
At a glance
as of November 2026
- Typical size
- The cost of the equipment
- Speed
- Days to a couple of weeks
- Guarantee or collateral
- Often a personal guarantee; the equipment is collateral
- Cost structure
- Interest or a lease rate; the asset is the collateral
- Best for
- Ovens, hoods, refrigeration, POS hardware
How it works
An equipment loan or lease is secured by the gear you're buying. Because the lender can repossess it, rates are lower than unsecured money and approval is faster than a bank. Leases can keep the asset off your balance sheet; loans leave you owning it.
Use it for exactly what it's for. A hood, a walk-in, a line of ranges, a POS rollout. Don't use expensive working capital to buy an oven when a lender will finance the oven at a lower cost.
Equipment lenders are plentiful; a marketplace will surface several. We may be paid if you apply through one.
The trade
For
- ✓Cheap relative to unsecured money
- ✓Fast
- ✓Matches the asset's life to the loan
Against
- ✕Only for equipment
- ✕Usually a personal guarantee
- ✕Leases can cost more over time than buying
How we're paid
We may be paid when you apply to an equipment lender through a marketplace we link to. Full disclosure.
More funding options, explained
All of them
Find out which of these we'd place for your room.
Covers Advisory is an independent capital advisory, not a lender. We do not make funding decisions, and we are compensated by funding partners when a placement we arrange closes. Our recommendation is the same whether or not a partner pays us. How we're paid.