Quillhaven Financial in Huntington, West Virginia sends restaurant funding requests to funding partners. This page covers kitchen equipment, adding delivery, the main financing options, what card statements show, Cabell County restaurant counts and an invented fryer line priced as a loan and as an advance.
At a glance
- Restaurants and eating places
Restaurants and other eating places, Cabell County, WV: 222 employer establishments (CBP 2023)
- Full-service restaurants
Full-service restaurants: 87 employer establishments in Cabell County, WV (CBP 2023); 41 in ZIP 25701 (ZBP 2023)
- Limited-service restaurants
Limited-service restaurants, Cabell County, WV: 109 employer establishments (CBP 2023)
Loans for Restaurants Replacing Fryers, Ranges and Walk-In Coolers
Fryers, ranges, ovens, dish machines and walk-in coolers wear out, and when one fails the kitchen loses sales until it is replaced. Equipment financing spreads the cost over the life of the new unit and is commonly secured by it, so the restaurant keeps its cash for food and wages.
Ask the vendor for a quote that separates the equipment, freight and installation. Gas lines, electrical work and hood connections can add a large share to the price and may need permits. The equipment page covers walk-ins, hoods and ice machines in detail.
Restaurant Funding for a Cabell County, WV Kitchen Adding Delivery
Adding delivery or takeout can mean packaging, a second line of prep equipment, point-of-sale and online ordering hardware, a vehicle, or a counter remodel. The costs are mixed: some are equipment, some are interior work, some are stock.
A partner looks at whether the existing restaurant can carry the payments while the new service builds. Card statements before and after any trial period are useful evidence, as is a simple plan showing the expected orders per week.
Third-party delivery platforms take a commission on each order and pay out on their own schedule, which changes the timing of cash coming in. Include those payouts in the records, and work out what an average delivery order earns after the commission before deciding how much new equipment the service can support.
Restaurant Financing Options: Equipment, Term or Card-Sales Funding
Three structures cover most restaurant needs. Equipment financing pays for a specific unit. A term loan pays for a larger project, such as a dining-room remodel or buying the restaurant. Card-sales funding, a merchant cash advance, pays a sum now in exchange for a share of future card sales.
An advance is not a loan and is collected from card settlements, so collections drop in a slow week; it is also priced with a factor and can cost far more over a short period. A loan has a fixed payment and a stated rate. Compare both in total dollars, using the invented example below as a template.
Financing a Restaurant Business With Two Years of Card Statements
Two years of card processing statements show a partner how a restaurant's sales move: busy and slow days, monthly swings, chargebacks and how the average ticket changes. Paired with bank statements and tax returns, they are often the core of a restaurant request.
Statements also show any existing advances, because providers collect from card settlements. List every advance and loan up front; a partner will find them in the records anyway.
A restaurant serving alcohol may be asked for its license status. The WV ABCA license guide explains how a lender checks it.
Cabell County, WV Restaurant Counts: Table Service and Counter Service
Cabell County, WV had 222 restaurants and other eating places with employees in 2023: 87 full-service restaurants, 109 limited-service restaurants and 24 snack and nonalcoholic beverage bars, among others (County Business Patterns). No six-digit industry in the county had more establishments than limited-service restaurants.
Full-service restaurants employed about 2,300 people and limited-service restaurants about 1,999. ZIP 25701, which reaches into Wayne County, had 41 full-service and 33 limited-service restaurants (ZIP Code Business Patterns). Drinking places, counted separately, numbered 32.
An Invented Fryer-Line Replacement, Loan Set Against Advance
Illustration only, invented figures: a kitchen needs a new fryer line priced at $16,800. As an equipment loan over 36 months at an invented annual rate of 11.5%, the payment would be about $554 a month, and the total paid about $19,944 (our arithmetic).
Using the same invented figures, as a merchant cash advance of $16,800 with an invented factor of 1.28, the provider would collect $21,504 from card sales, often within months. The invented advance costs $4,704, against about $3,144 in loan interest spread over three years.
The advance is not a loan, and its collections fall if sales fall; the loan has a fixed payment. Neither set of figures is an offer.
Which funding fits a hood swap works an invented kitchen project through three options.
By Quillhaven Financial · Updated
