Kitchen equipment fits equipment financing; food orders and slow-week payroll fit a line of credit or working capital. Startups without revenue, buying the building and work on the building are outside this site.
At a glance
- Full-service restaurants with paid employees, Alamance County, NC (CBP 2023)
139
- Limited-service restaurants with paid employees, Alamance County, NC (CBP 2023)
144
- Restaurants and other eating places with paid employees (CBP 2023, NAICS 7225)
321
- Restaurants and other eating places with no paid employees (NES 2024, NAICS 7225)
72
Loans for Restaurants: A Six-Burner Range and Weekly Food Orders
A six-burner range will cook for years; a produce order is gone by the weekend. Putting both on one fixed loan means still paying for meals eaten long ago. The range fits equipment financing, with a term set to its working life. Food orders fit a line of credit, drawn when the supplier invoices and paid down as card sales settle.
Illustration only, invented figures: a $7,400 range financed over 36 months at an annual rate of 10.25% has a fixed payment of $239.65. Across the 36 payments the kitchen pays $8,627.40, of which $1,227.40 is finance cost.
Restaurant Funding for a Burlington, NC Restaurant: Fryers and Slow-Week Payroll
A fryer that fails mid-service is a replacement purchase with a quote and a delivery date, and it fits equipment financing. A slow week is different: cooks and servers are paid in full even when the dining room was half empty, and the money comes back over the next weeks of sales. Working capital or a line of credit covers that gap; a fixed equipment term does not.
| Code (NAICS) | Establishments | Fewer than 5 employees |
|---|---|---|
| Full-service restaurants (722511) | 139 | 39 |
| Limited-service restaurants (722513) | 144 | 29 |
| All restaurants and other eating places (7225) | 321 | 77 |
The 7225 row includes the two restaurant codes and other eating places such as snack bars. Payroll across all 321 came to $135.1 million for 2023, a sum for the whole group, not one restaurant. Separately, Nonemployer Statistics listed 72 restaurants and other eating places in the county for 2024 with no paid employees.
Line of Credit for Restaurant When a Burlington, NC Restaurant Needs Ranges
A line of credit can pay for a range when the amount is small enough to clear in a few months, such as a used unit or a second range for a busy line. A larger or new range is a better fit for equipment financing, which spreads the cost over the years the range will work and keeps the line open for food and payroll.
Illustration only, invented figures: a $4,800 draw for a used range at an annual rate of 13%, paid down by $1,200 each month, carries interest of $52.00, $39.00, $26.00 and $13.00, or $130.00 for the 4 months. Each payment frees that much of the limit again.
How to Get a Restaurant Loan: The Steps for a Dish Machine at a Burlington, NC Restaurant
- Price the machine: model, delivery and the vendor's connection to the existing water and drain lines.
- Call (336) 505-7297 or send the short request form with the contact details and the three ranges it asks for.
- Talk through the purchase on the call; a partner may then ask for recent bank statements and the dish machine quote.
- After its assessment, the partner chooses whether and how to fund the kitchen.
- Compare the payment and total cost with the kitchen's weekly cash, and sign only if it works.
If a new dish machine needs new water, drain or electrical lines run to it, that work is on the building and is outside this site. Replacing a machine in the same spot is equipment.
Restaurant Business Loan and Reach-In Cooler Repairs: Notes for Burlington, NC Restaurant Owners
A repair bill on a reach-in cooler or an ice machine is a one-off operating cost: it is paid once and leaves nothing new to secure, so a line of credit or working capital fits it. When the repair quote approaches the price of a new unit, replacing it becomes an equipment question, and equipment financing can spread the new cooler over its working life.
Walk-in cooler and freezer units, reach-ins and ice machines are equipment and can be named as the funded item. The walls, floor and wiring around a walk-in belong to the building.
Business Loan for New Restaurant Plans: Why a Kitchen's Sales History Comes First
Startups without revenue are outside this site, including a restaurant with no sales yet. An operating restaurant is different. Equipping a second location, or buying an existing restaurant business with its equipment, name and stock through a term loan, starts from a kitchen that already has sales and bank deposits to review. The restaurant’s premises and the land beneath it are not financed here.
For the full spread of funding types by trade, see the industry pages or the Burlington, NC page.
By Sageway Lending · Updated