How can I refinance commercial kitchen equipment in Oregon?
Refinancing commercial kitchen equipment in Oregon is possible with SBA 7‑a loans—10% down, 8‑12% monthly payment, 740+ FICO, 1.25× coverage. Here’s how and what to expect.
Yes – you can refinance your Oregon commercial kitchen equipment if you meet SBA 7‑a criteria: 10 % down, 8‑12 % monthly payment, 8‑12 % gross revenue, 1.25× coverage, 740 + FICO, 12‑month review.
Yes – you can refinance your Oregon commercial kitchen equipment if you meet SBA 7‑a criteria: 10 % down, 8‑12 % monthly payment, 8‑12 % gross revenue, 1.25× coverage, 740 + FICO, 12‑month review. See the rates you qualify for in 2 minutes – no credit‑score hit.
The specifics
SBA 7‑a equipment loans run 48‑84 months with 9‑13 % APR — source SBA 7‑a guide.
A 10‑percent down payment is typical; lenders prefer 15‑20 % at 740 + FICO Dimension Funding.
Monthly payments should stay 8‑12 % of gross revenue (≈ $5‑$15 k for a $200 k loan); the loan must cover debt service at 1.25× revenue.
Documentation: 12‑month bank statements, yearly tax returns, and a detailed equipment list.
Check the affordability calculator to confirm the ratio before applying; use our affordability‑calculator.
Qualification & edge cases
If your FICO is 620‑679, a 3‑5 % APR premium applies and lenders often ask for a 20 % down payment.
Businesses with revenue < $150 k or debt‑to‑income > 40 % may only qualify for short‑term, higher‑rate bridge financing.
Partial equipment upgrades (e.g., a new commercial hood) can be financed separately, often at lower rates due to the equipment’s higher collateral value.
For owners located in Portland, see a tailored analysis of local lenders on our partner site: [Portland restaurant owners] (https://foodserviceequipmentfinancing.com/portland-or).
See the recent 2026 study on approval rates: 2026 Restaurant Equipment Financing Approval Study.
Background & how it works
The commercial kitchen equipment market is projected to grow steadily, with the equipment finance sector expanding beyond $1.3 trillion in 2026 Lease Foundation.
Lenders use the equipment itself as collateral, which reduces risk and can lower APR by 1‑3 % ELFA.
Because the SBA 7‑a is a federal guarantee, the underwriting focuses on cash flow rather than collateral value, which simplifies approvals for healthy, growing restaurants.
Typical approval takes 30‑45 days Nav.
Bottom line
If you’re ready to get back to cooking and want to reduce your monthly burden, refinance now to lock a 9‑13 % APR and a 48‑84 month term.
See the rates you qualify for in 2 minutes – no credit‑score hit.
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 SBA 7‑a loan terms are available for kitchen equipment?
SBA 7‑a equipment loans run 48‑84 months, 9‑13% APR, with 15‑20% down and a 1.25× debt‑service‑coverage ratio.
How long does it take to get approved for a kitchen equipment refinance?
Typical approvals take 30‑45 days, with 12‑month bank statements reviewed to verify cash flow.
Can I refinance used commercial equipment?
Yes, but APR usually has a 1‑2% premium and lenders often require a higher down payment for used gear.
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