This calculator from Larkleaf Business Funding in Council Bluffs, Iowa estimates payments on fryers, hoods, walk-ins and other kitchen equipment from the numbers you enter. The result is arithmetic only and not an offer; real rates and terms come from funding partners.
Restaurant Payment Calculator: How a Council Bluffs, IA Owner Pays for Fryers
A fryer is one of the smaller kitchen purchases, but a bank of fryers with filtration adds up. Illustration only, invented figures: $9,800 of fryers financed over 36 months at an invented annual rate of 10.5% comes to about $319 a month (our arithmetic). Enter the same invented figures to check it.
Restaurant Business Loan Calculator: How a Council Bluffs, IA Owner Pays for Kitchen Hoods
A hood system is a larger purchase, so the term and the down payment matter more. Illustration only, invented figures: a $48,000 hood package with $4,800 down, at an invented annual rate of 9.5%:
| Term | Monthly payment | Total interest | Total paid |
|---|---|---|---|
| 48 months | $1,085 | $8,895 | $52,095 |
| 60 months | $907 | $11,237 | $54,437 |
| 72 months | $789 | $13,642 | $56,842 |
A longer term lowers the monthly payment and raises the total interest; the table shows both.
Inputs the Restaurant Finance Calculator Uses for Restaurant Owners
- Equipment price: the quote's equipment total, before or after installation, as the offer finances it.
- Down payment: any cash paid up front.
- Annual rate: the rate stated in an offer; with no offer yet, try a few to see the range of payments.
- Term: the number of monthly payments.
Payment Against Covers: Checking a Kitchen Loan Against Weekly Sales
A payment is easier to judge against the restaurant's sales. Illustration only, invented figures: the 60-month hood payment above is about $209 a week (our arithmetic, monthly payment times 12, divided by 52). At an invented average check of $21.50, that is the revenue from about 10 covers a week, out of an invented 900 (our arithmetic, rounded up).
Revenue is not profit, so the real test is whether the margin on those covers, or the savings the new hood brings, carries the payment.
What the Restaurant Finance Calculator Leaves Out of the Monthly Figure
- Documentation and origination fees.
- Sales tax, freight and installation if the offer does not finance them.
- A balloon payment or buyout at the end.
- Insurance the lender requires on the equipment.
- Prepayment terms.
Ask the lender for each. Equipment financing explains the structures, restaurant loans covers the rest of the kitchen, and the web form starts a real request.
By Larkleaf Business Funding · Updated
