Laurelwick Lenders passes restaurant loan requests from Lake Havasu City, Arizona kitchens to funding partners. Mohave County, AZ had 155 full-service and 147 limited-service restaurants with paid employees in 2023. This page covers loans for restaurants, restaurant lenders, funding options, cafe loans, kitchen equipment and buying a restaurant, plus how a card-sales advance works.
At a glance
- Full-service restaurant employers, Mohave County, AZ
155, with 3,039 employees (County Business Patterns 2023)
- Limited-service restaurant employers
147, with 2,737 employees (County Business Patterns 2023)
- Snack and nonalcoholic beverage bar employers
42 (County Business Patterns 2023)
Loans for Restaurants: What Diners and Sit-Down Kitchens Compare
County Business Patterns counted 155 full-service restaurants (NAICS 722511) and 147 limited-service restaurants (NAICS 722513) with paid employees in Mohave County, AZ in 2023: 302 in all, with 5,776 employees and $140.7 million in annual payroll (our sums). That is about $24,358 of payroll per restaurant employee (our arithmetic), a sign of the part-time and hourly crews kitchens rely on. Fewer than five employees worked at 23.9% of the full-service places and 18.4% of the limited-service ones.
Diners and sit-down kitchens compare loans for restaurants on what they finance:
| Need | Funding type | What a partner reads |
|---|---|---|
| Hood, walk-in, fryer line, oven | Equipment financing | Vendor quote, card and bank statements |
| Payroll between card batches | Working capital | Deposits, card processing statements |
| A dining-room remodel | Term loan | Returns, contractor bid, the lease |
| A short need with steady card sales | Merchant cash advance | Card statements; not a loan |
Restaurant Lenders: What Counter-Service Kitchens Compare
Restaurant lenders sit in the same groups as other business lenders: banks and credit unions for term loans and lines, equipment finance companies and vendor programs for kitchen gear, and online funders for working capital. What sets a restaurant request apart is the card history. Counter-service kitchens, with high card volume and short tickets, show a partner daily sales in the processing statements; partners read those beside the bank statements to see how steady the weeks are.
Restaurant Cash Advance: What Restaurant Owners and Chefs Compare
A restaurant cash advance buys a share of future card sales and collects a percentage of each day's batch until the purchased total is remitted. It is not a loan, and its cost is a factor on the sum advanced, fixed on day one. Restaurant owners and chefs should total that cost in dollars and set it beside a loan or line for the same need. The merchant cash advance page shows how.
For a kitchen with uneven weeks, a daily holdback can squeeze payroll in the slow ones. An advance suits a short, defined need where other routes have been priced first.
Restaurant Funding Options: How Mohave County, AZ Owners Use It
Restaurant funding options line up by need: equipment financing for gear with a working life of years, working capital or a line for payroll timing, a term loan for a remodel or a purchase, and an advance for a short need tied to card sales. Mohave County, AZ owners choosing among them start from the card statements, which set how much payment the weeks can carry. The county's food service and drinking places together numbered 455 accommodation and food services employers in 2023 (County Business Patterns 2023).
How to Get a Loan for a Cafe: What Lake Havasu City, AZ Owners Gather First
A cafe asking for a loan pulls together the espresso machine and grinder quote, the build-out bid if any, recent card and bank statements, the latest return and the lease. Illustration only, invented figures: a $31,000 espresso bar, grinders and pastry case financed over 48 months at an invented annual rate of 10.5% cost about $794 a month in this invented case (our arithmetic). The coffee shop page goes further for espresso bars and bakeries.
How Do Restaurants Get Funding? Answers for Cafes, Diners and Taprooms
- Equipment lenders and vendor programs for hoods, ovens and coolers.
- Banks and credit unions for remodels, second locations and lines of credit.
- Working capital lenders that read card deposits.
- Card-based providers for advances, which are not loans.
- The owners' own cash, which partners expect to see in any purchase or remodel.
Cafes, diners and taprooms can combine two or three of these: equipment financing for the gear and a line for payroll timing. Partners read each piece on its own terms, and the Arizona food truck guide covers permits for a kitchen adding a truck.
Where to Buy Commercial Kitchen Equipment? What Counter-Service Kitchens Should Know
Commercial kitchen equipment comes from restaurant supply dealers, manufacturers' distributors, used-equipment dealers and auctions. Counter-service kitchens weighing new against used should know how a lender sees each: new equipment with a dealer quote finances on a longer schedule; used gear finances with its age and condition documented, often on a shorter term. Illustration only, invented figures: a kitchen pays $6,400 down on a $64,000 package of hood, suppression and fryers and finances the rest over 60 months at an invented annual rate of 10%, for an invented payment near $1,224 a month (our arithmetic).
Can I Get a Loan to Buy a Restaurant? How It Works for Mohave County, AZ Owners
It can be done if the kitchen's own books carry the payment. Illustration only, invented figures: a buyer agrees to $340,000 for a Lake Havasu City, AZ restaurant and puts $85,000 down. Financing the remaining $255,000 over 84 months at an invented annual rate of 11% means an invented payment near $4,366 a month, $52,395 a year (our arithmetic). If the restaurant earns $88,000 a year after the owner's pay, the payment takes 60% of it in this invented case, and a partner would read that as tight.
- Work from three years of returns and the processor statements rather than a summary the seller prepared.
- Check the lease's remaining term and whether it can be assigned.
- List the equipment in the sale and its condition.
- Ask how any liquor license moves to a buyer, and confirm it with the state.
Business term loans explains acquisition lending, and the Lake Havasu City, AZ page sets food service beside the county's other sectors.
By Laurelwick Lenders · Updated