How to refinance commercial kitchen equipment in Maryland?

Yes — Maryland restaurants can refinance kitchen equipment if they have stable cash flow, a FICO ≥620, and at least 12 months of operating history. See your rate in 2 minutes.

The specifics

Typical refinance terms for commercial kitchen equipment in 2026 range from 48 to 84 months, and APRs usually fall between 9 % and 12 %【Nav】. Loan amounts often require a 15–20 % down payment【Nav】, and lenders prefer a debt‑to‑income ratio below 40 % of gross monthly revenue【Nav】. Monthly debt service should represent 8–12 % of gross revenue, a standard also highlighted by Go Food Service【GoFoodService】. Lenders typically enforce a debt‑service‑coverage ratio (DSCR) of at least 1.25×, a benchmark derived from SBA guidelines【Nav】. Equipment itself can be used as collateral, often reducing the APR by 1–3 %【Nav】.

Loan-to-value considerations favor newer or well‑maintained gear, according to Biz2Credit【Biz2Credit】.

Quickly check your potential rate in 2 minutes using our affordability calculator. The average approval window is 30–45 days【Nav】, and for a deeper dive, review the 2026‑restaurant‑equipment‑financing‑approval‑study. If you operate a food truck, you may also be interested in Fast Funding for Maryland Food Trucks and Mobile Kitchens, which tailors programs for mobile kitchens.

Qualification & edge cases

Credit scores below 620 can still qualify, but lenders will typically require a larger down payment or additional collateral, such as a second lien on the equipment【Nav】. Firms with a monthly debt‑service ratio above 12 % of gross revenue may need to demonstrate improved cash flow or secure a larger loan to distribute payments more favorably【GoFoodService】. Extending a short‑term (24‑month) loan to a full refinance can add 20–30 % to total interest costs over the life of the loan【Nav】. Food truck operators in Maryland find that short‑term financing with specialized lenders can offer faster approval and flexible terms; see Fast Funding for Maryland Food Trucks for more detail.

Background & how it works

Equipment financing is a secured credit line, which keeps rates lower than unsecured lines because the equipment itself backs the loan. The process starts with a soft credit pull—no impact on your score【Nav】—followed by an assessment of cash flow statements, tax returns, and a valuation of the equipment. Once approved, the new loan replaces the old one, often lowering monthly payments or extending the term. Documented cash reserves of 3–6 months and a DSCR ≥1.25× are common requirements that help lenders gauge repayment capacity【Nav】.

Bottom line

Refinancing commercial kitchen equipment in Maryland is attainable for most established owners with a FICO above 620. Take advantage of the low‑interest, asset‑backed options today; see your qualifying rate in just 2 minutes.

Disclosures

This content is for educational purposes only and is not financial advice. commercialkitchenfinancing.com may receive compensation from partner lenders, which may influence which products are featured. Rates, terms, and availability vary by lender and applicant qualifications.

Sources

• Nav
• Go Food Service
• Biz2Credit