Can I refinance commercial kitchen equipment in New York?
You can refinance kitchen gear in New York with 48–84‑month loans at 9–12% APR, even on a 620‑679 FICO. See your rate instantly.
Yes — you can refinance commercial kitchen equipment in New York, even with a 620‑679 FICO, by applying for a 48–84 month loan at 9–12% APR. Check rates.
Yes — you can refinance commercial kitchen equipment in New York, even with a 620‑679 FICO, by applying for a 48–84 month loan at 9–12% APR. Check rates.
The specifics
Refinancing in 2026 begins with a 48–84 month term (see Dimension Funding) and an APR of 9–12%, though fair‑credit borrowers may see a 3–5% premium. Lenders expect 15–20% down, a debt‑service coverage ratio (DSCR) of at least 1.25× the business gross monthly revenue, and 2+ years of operating history. Documentation includes bank statements, tax returns (past 2 years), service history, and a detailed equipment list. Eligibility can also depend on occupancy: a 70%+ utilization rate helps secure the best rates (per SBA guidance).
Qualification & edge cases
If your FICO sits in the 620‑679 range, the same loan terms apply but the APR may rise by 3–5% (see Nav). Used equipment typically incurs a 1–2% higher APR. Operating less than two years or being a new servicer can push you toward alternative lenders such as those listed in the alternative‑lenders group. In either case, a lower down payment or the addition of equipment as collateral can reduce the rate by 1–3% (see the SBA collateral benefit).
If your business is a franchise or a multi‑location chain, you may need to align the refinancing with franchise servicing agreements; consult the guide at New York equipment financing for franchises.
Background & how it works
Commercial kitchen equipment refinancing is the process of taking a new loan to pay off existing debt or replace a lot of current gear. The resulting loan usually offers a longer term and lower financing cost, thereby freeing cash flow for menu development, marketing, or expansion. With the New York market in 2026, lenders are offering competitive rates because food service needs remain high, and equipment is the core asset that drives revenue.
Check how different loan offers stack up with the affordability calculator and review the latest approval study in 2026 restaurant equipment financing approval study.
Bottom line
You can refinance commercial kitchen equipment in 2026 New York with a 48–84 month, 9–12% APR loan—even on a 620‑679 FICO. See what you qualify for in just a minute.
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
Related questions
What are the requirements for a commercial kitchen equipment loan in New York?
New York lenders typically require 2+ years of operating history, 15–20% down payment, a 1.25× debt‑service coverage ratio, and a loan term of 48–84 months.
How much can I get to refinance commercial kitchen equipment?
Loans range from $10,000 to $500,000, based on equipment cost, business cash flow, and lender limits.
What is the difference between refinancing and leasing kitchen equipment?
Refinancing replaces existing debt or purchases with a new loan; leasing lets you use equipment without ownership, often with lower monthly payments.
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