Restaurant loans help Camden, New Jersey owners fund kitchen equipment, a food truck, a dining room refit, the purchase of an existing restaurant or payroll between card batches. Camden County, NJ counted 756 full-service and limited-service restaurants with paid employees in 2023 (our sum of two Census codes). This page compares equipment loans, term loans and card-sales advances for kitchens.
At a glance
- Restaurants with paid employees, Camden County, NJ
756 (334 full-service + 422 limited-service; our sum; Census County Business Patterns 2023)
- Restaurant employees
12,300 (our sum; Census County Business Patterns 2023)
- Drinking places
48 (Census County Business Patterns 2023)
Loans for Restaurants in Camden County, NJ: Matching the Money to the Kitchen
Restaurant loans cover a wide spread of needs, and the first job is sorting them. A new hood system or walk-in cooler lasts years, so equipment financing carries it, secured by the equipment. A dining room refit is a single project with a known cost, which suits a term loan. Payroll and food orders between card batches are short gaps, handled by working capital or a line of credit. A card-sales advance can also cover a short gap, at a price that needs comparing in dollars.
Restaurants in the Camden County, NJ Census Count
County Business Patterns counted 334 full-service and 422 limited-service restaurants with paid employees in Camden County, NJ in 2023, 756 in all (our sum of the two codes), employing 12,300 people with $304.5 million in annual payroll (our sum; Census County Business Patterns 2023). 36.5% of full-service and 39.1% of limited-service restaurants had fewer than five employees. Nonemployer Statistics counted 91 full-service and 149 limited-service restaurants with no payroll for 2024 (Census Nonemployer Statistics 2024); those are not added to the employer counts.
In ZIP 08102, the Census counted 8 restaurants with paid employees, 4 of each kind (Census ZIP Code Business Patterns 2023).
Kitchen Equipment for Camden, NJ Restaurants: Hoods, Walk-Ins and Cook Lines
Illustration only, invented figures: a Camden, NJ restaurant replaces its hood and fire suppression for $42,000, a walk-in cooler for $24,000 and a cook line for $31,000, $97,000 in all. On a 60-month term at an invented 10% annual rate, the kitchen package costs roughly $2,061 monthly (our arithmetic). Ask the dealer whether old equipment has trade-in value, and plan around the days the kitchen is down for installation.
- Written quotes with make, model and installation listed separately.
- Any trade-in credit offered by the dealer.
- The planned install dates and how service is kept going.
Restaurant Lenders Around Camden, NJ and the Paperwork They Read
Banks, credit unions, online funders, equipment finance companies and advance providers all fund restaurants, and they read overlapping records. Expect requests for business bank statements, card processing statements, the latest tax returns, and for larger loans a profit and loss statement showing food and labor costs as shares of sales. The lease matters too: a partner wants to know the business can stay at the address longer than the loan runs.
Clean records help most. Card processing statements that match deposits, a food cost that holds steady and a lease with years left on it give a reviewer something firm to read.
Restaurant Cash Advances in Camden County, NJ: Card Batches and Totals
Illustration only, invented figures: a restaurant takes a $28,000 cash advance at a 1.32 factor, so $36,960 is to be remitted. With an 11% holdback on $3,100 of daily card sales, about $341 is collected each business day, and the total is reached in about 108 business days (our arithmetic). The cost, $8,960, is fixed regardless of pace.
Being a purchase of card sales rather than a loan, a merchant cash advance fits a short gap for a kitchen with steady card sales, and it should be set beside working capital or a line in total dollars before signing. The merchant cash advance page compares it with revenue-based financing.
Adding a Food Truck or Trailer to a Camden County, NJ Restaurant That Is Already Open
A restaurant adding a truck or trailer is buying a vehicle and a kitchen in one, and both are financeable as equipment. Partners read the parent restaurant's records, because the truck's sales are still a projection. Illustration only, invented figures: a $118,000 built-out truck with 15% down leaves $100,300 to finance; over 72 months at an invented 10.5% annual rate the payment is about $1,884 a month (our arithmetic). Ask the builder about delivery dates and confirm vending and health approvals with the issuing offices before the truck is ordered.
Small Business Loans to Buy a Restaurant in Camden, NJ
Buying an existing restaurant brings a kitchen, a lease, staff and a sales history at once. Illustration only, invented figures: a buyer pays $380,000, putting in $76,000 of cash and arranging a $57,000 seller note, which leaves $247,000 to finance. Over 120 months at an invented 10% annual rate, that loan's payment is about $3,264 a month; the seller note over 60 months at an invented 6% annual rate adds about $1,102 (our arithmetic).
The guide to buying a business in Camden, NJ explains seller notes and the order of steps.
Getting a Loan to Buy a Restaurant in Camden County, NJ: The Seller's Records
- Three years of the restaurant's tax returns and recent profit and loss statements.
- Card processing statements that confirm reported sales.
- The lease, with its remaining term and the landlord's consent to assignment.
- An equipment list with ages and condition.
- Any liquor license details, which carry their own transfer process.
A partner compares the seller's reported earnings with what the buyer will pay in debt each month. A gap between reported sales and deposits slows any review.
Two articles take restaurant funding further: options for a kitchen opening a second counter and how revenue-based financing behaves when card sales swing.
By Sprucebend Commercial Capital · Updated