A family restaurant in Sevierville, TN adding a buffet line, replacing its dish machine or restocking plates and glassware can compare an equipment loan, a fixed-payment term loan, working capital and a card-sales advance. Boldwick Funding Group hands each restaurant request to funding partners, and the decision is theirs. For a Sevierville, TN dining room, the first step is a call to (865) 326-1090 or the request form; nothing is decided on that call.
A buffet line of steam tables and holding cabinets on a 36-month loan, a dish machine at 36 or 48 months without its hookup, a smallwares order on a nine-month working capital loan, and the buffet line as a card-sales advance.
Loans for restaurants adding a buffet line: steam tables and heated holding cabinets in Sevierville, TN
A buffet line is mostly plug-in equipment: electric steam tables that keep pans of food hot, heated holding cabinets that keep trays warm until they go out, and the food shields that sit on the tables. All of it can be moved, which is what makes it equipment rather than building work.
Illustration only, invented figures: a family restaurant in Sevierville, TN prices two five-well electric steam tables at $3,980 each, two heated holding cabinets at $2,640 each and a carving station with a heat lamp at $890, $14,130 in all. At an invented 12.1% annual rate over 36 months, the restaurant pays $469.99 a month; the 36 payments total $16,919.64, which puts $2,789.64 of interest on top of the price.
Spread over an invented 26 service days a month, that payment is about $18.08 a day. A steam table that drains into a floor sink needs a plumber, and that connection is property work outside this site; a dry-well model that only plugs in keeps the whole line on the equipment side.
Not every sit-down restaurant here carries a payroll: 2024 Nonemployer Statistics counted 30 full-service restaurants in Sevier County, TN with no paid employees (NAICS 722511). An owner-run dining room of that kind can ask about the same buffet equipment. The restaurants page prices a combi oven, a meat and dairy order and two reach-ins, so the buffet line here is a different purchase.
Restaurant loans with fixed payments: a door-type dish machine at 36 or 48 months
A door-type dish machine is one large purchase that a restaurant goes on using for years, which is where a fixed monthly payment helps with planning.
Illustration only, invented figures: the machine costs $11,480. Over 36 months at 10.75% a year, each payment is $374.48, and the restaurant pays $13,481.28 in all ($2,001.28 of interest). Stretching the same loan to 48 months brings the payment down to $295.31, $79.17 a month less, while the interest climbs to $2,694.88, $693.60 more over the life of the loan.
The machine is equipment. Its water line, drain and any electrical circuit it needs are property work done by the building's trades and stay outside this site, so a quote that lists the machine apart from installation keeps the request clear. Machine loans and leases in general sit on Boldwick's equipment financing page.
Restaurant funding for a menu change: plates, glassware, pans and printed menus
A menu change can mean new plates for new dishes, more glassware, sheet pans and hotel pans in new sizes, and a fresh run of printed menus. None of it lasts as long as a dish machine, which makes a short working capital loan a closer match than a five-year term.
Illustration only, invented figures: the restaurant orders $5,870 of smallwares and printed menus. A nine-month working capital loan at an invented 13.55% annual rate costs $689.60 a month, and the nine payments come to $6,206.40, so the invented order carries $336.40 of interest.
A business line of credit is the other route: one draw for the order, paid down out of sales over the following weeks. Interest then runs only on what is drawn, for as long as it stays drawn.
A restaurant cash advance on the same buffet line: the fixed total and the days of holdback
A merchant cash advance is not a loan: a provider buys part of the restaurant's future card sales for a fixed total and collects it as a set share of each day's card receipts until that total is reached.
Illustration only, invented figures: a provider advances $14,130 for the buffet line at a 1.28 factor, so the fixed total collected is $18,086.40. The provider keeps 11% of card sales; on the invented average of $2,150 a day that is $236.50, so the buffet line's total is in after 77 days, counting a part-day as a full one.
In this invented case the advance costs $3,956.40 over the amount advanced, against $2,789.64 of interest on the 36-month loan in the first section: $1,166.76 more, collected in under three months instead of spread over three years. How a holdback is collected is set out on the merchant cash advance page.
By Boldwick Funding Group · Updated
