Coralpoint Commercial Capital, a small-business funding service in Titusville, FL, arranges funding for restaurants, cafes, bars and food trucks in Brevard County, FL: equipment financing for kitchens, term loans for refits and second locations, and a careful comparison of merchant cash advances. A funding partner reviews each request and decides.
| Restaurants and eating places (2023) | 1,068 in Brevard County, FL |
|---|---|
| Paid employees | 22,830 |
| Full-service restaurants | 527 |
| Limited-service restaurants | 412 |
Space Coast eating places in Census counts
Brevard County, FL counted 1,068 restaurants and other eating places with employees in 2023, employing 22,830 people with $506.8 million in annual payroll (County Business Patterns 2023). Within that, there were 527 full-service restaurants, 412 limited-service restaurants and 122 snack and nonalcoholic beverage bars, plus 71 bars serving alcohol.
Restaurants run with crews: only 255 of the 1,068 had fewer than five employees. ZIP 32796 held 14 full-service and 15 limited-service restaurants (ZIP Business Patterns 2023). The county also counted 254 eating places with no payroll in 2024 (Nonemployer Statistics 2024), a separate count.
The restaurant cash cycle
A restaurant that takes in card sales daily may pay food suppliers weekly or on short terms. Payroll is a recurring cost. The pressure can come from lumps: a walk-in cooler that fails, a hood system that needs replacing, a refit, or the months before a second location covers its own costs. Because revenue arrives daily, a restaurant may be offered a merchant cash advance, and that is where comparing total dollar cost matters.
Restaurant equipment financing
Ranges, fryers, hoods, coolers, ice machines, dish machines and POS systems can all be financed, new or used. The kitchen gear itself can serve as the collateral. Partners ask for the vendor quote and recent card and bank statements. Used kitchen equipment gets questions about age and condition. See the equipment financing page for loan, lease and finance agreement differences.
How to get a loan for a restaurant refit or second location
A term loan fits a refit or a second location because the cost is defined and the payback is long. Partners may look at how the existing restaurant performs: steady card deposits, food and labor costs under control, and a realistic budget for the new site. Bring contractor bids, the lease terms and several months of statements.
Illustrative only: a cafe owner budgets $38,500 for a second counter location, split between build-out, equipment and two months of payroll. Equipment might be financed separately and the rest through a term loan. The figures are invented and are not a typical request or offer.
Daily-card advances for Space Coast kitchens
A merchant cash advance buys a share of future card sales and is collected daily; it is not a loan. Its cost is quoted as a factor rate, and a second advance stacked on top of the first adds to the daily collection. Compare the total dollar cost against a line of credit or term loan first.
Bar business loans and food truck business loans on the Space Coast
Bars follow a similar pattern, with inventory and fixtures among the costs. Food trucks raise an equipment question: the truck, the kitchen built into it and the generator. Partners may review food truck equipment financing much like any vehicle, with attention to the truck's age and the build quality.
What partners review for business loans for restaurants
- Card processing and business bank statements for several recent months
- The lease, and its remaining term
- Vendor quotes or bids from the builder
- How long the business has operated, and its yearly revenue
- Any existing advances still being collected
Questions to ask before funding a refit
- Will the restaurant close during the work, and for how long?
- Which equipment can move to financing so the term loan stays smaller?
- Are any advances still being collected from card sales?
- How long is left on the restaurant's lease?
Other food and drink businesses are covered on the industries page; local figures are on the Titusville, FL page.
By Coralpoint Commercial Capital · Updated