Restaurant loans help Loveland, Colorado owners fund kitchen equipment, remodels, a purchase of an existing restaurant, or payroll during a slow stretch. Larimer County, CO counted 612 full-service and limited-service restaurants with paid employees in 2023 (our arithmetic). This page compares lenders, equipment loans and card-sales advances for kitchens and cafes.
At a glance
- Restaurants with paid employees, Larimer County, CO
612 (296 full-service + 316 limited-service; our arithmetic; Census County Business Patterns 2023)
- Restaurant employees
14,211 (our arithmetic; Census County Business Patterns 2023)
- Drinking places
63 (Census County Business Patterns 2023)
Loans for Restaurants Next to Larimer County, CO Kitchen Counts
County Business Patterns counted 296 full-service and 316 limited-service restaurants with paid employees in Larimer County, CO in 2023, 612 in all by our arithmetic, employing 14,211 people (our arithmetic) (Census County Business Patterns 2023). Only 12.2% of the full-service and 12.3% of the limited-service restaurants had fewer than five employees, so a typical kitchen there carries a real payroll. 68 of those restaurants had a ZIP 80537 address (our arithmetic; Census ZIP Code Business Patterns 2023).
Accommodation and food services as a whole counted 1,021 employer establishments and 19,777 employees in the county (Census County Business Patterns 2023). Nonemployer Statistics, a separate program, counted 587 accommodation and food service businesses without paid employees for 2024 (Census Nonemployer Statistics 2024).
How to Finance Commercial Kitchen Equipment: Hoods, Ranges and Walk-Ins
Illustration only, invented figures: a kitchen replaces its hood and fire suppression ($38,000), a range ($9,500) and a walk-in cooler ($21,000), $68,500 in all. Over 60 months at an invented 10% annual rate, the kitchen would pay close to $1,455 monthly (our arithmetic). Ranges and reach-ins are mobile and easy to value. Hoods and walk-ins are partly built into the space, so a funder may price them differently and will want the landlord's consent.
- The written quote with make, model and installation costs.
- The lease, its remaining term and the landlord's consent to financed equipment.
- Recent bank statements and card processing statements.
- Permits, if the work involves the hood or fire suppression.
Restaurant Lenders: Banks, Equipment Funders and Card-Sales Providers
Restaurants draw on several kinds of funder. Banks and credit unions offer term loans and lines to established kitchens with strong statements. Equipment funders and dealer programs finance ovens, coolers and dish machines against the equipment. Online lenders read card and bank deposits. Revenue-based providers sell merchant cash advances against card sales. The Colorado lender-types guide describes each group. Rowanrun Business Loans places requests with funding partners from these groups, and the partner decides.
Restaurant Cash Advance Costs Set Against a Kitchen Equipment Loan
Illustration only, invented figures: a $25,000 merchant cash advance at a factor of 1.3 means $32,500 is collected from card sales, a cost of $7,500 (our arithmetic). A $25,000 term loan at an invented 13% over 12 months would carry about $1,795 in interest (our arithmetic). The advance is not a loan, collections move with card sales, and its cost is fixed however quickly it is collected.
For long-lived equipment, financing over the equipment's life keeps the payment in line with what it earns. The merchant cash advance page explains holdbacks and factor rates in detail.
Buying an Existing Restaurant or Cafe in Larimer County, CO
Buying a running restaurant brings its kitchen, staff, lease and sales history, and a partner reads that history closely. Illustration only, invented figures: a buyer pays $420,000 for a full-service restaurant, puts in $84,000 and finances the rest over 120 months at an invented 9.5% annual rate, about $4,348 a month (our arithmetic).
- The seller's tax returns and point-of-sale sales reports for recent years.
- The restaurant lease, the years left on it and the owner of the building's sign-off on a transfer.
- An equipment list with ages and condition.
- Liquor license transfer status, if the sale includes one.
How to Secure Funding for a Restaurant Remodel or Second Room
A remodel or added dining room is a term-loan purpose: a one-time cost that earns for years. A partner will want the contractor's bid, the permit status, how the room adds covers or sales, and how the kitchen keeps running during the work. Splitting the request, with equipment financing for the new kitchen gear and a term loan for construction, keeps each part on terms that fit it.
Payroll for a Kitchen Crew During a Slow Stretch
Illustration only, invented figures: a restaurant with a $16,500 weekly payroll that hits a slow month needs about $66,000 over four weeks (our arithmetic) beyond what sales cover. Working capital or a revolving line can bridge that if the business has a clear reason to expect sales to recover, such as booked catering or a reopening after a remodel.
Funding a gap that never closes only adds a payment to a loss. A partner will look at the trend in card deposits over the past year to judge which kind of gap it is.
By Rowanrun Business Loans · Updated