Financing Options

Your approval amount will be based upon your credit. Start-up restaurants’ approval amount depends on credit strength and depth. You should consider financing items over $1,500. However, all equipment items with a minimum of $500 qualify for financing. Soft costs such as warranties, shipping, installation, freight, and smallwares may be able to be included with your finance order. Please speak to a Centra Culinary Account Manager for more information. Please note: disposables and consumables cannot be financed.

The minimum criteria for an application to be considered is a 550 FICO.

Co-signers are a great way to get approved if your credit is not strong enough to be approved alone. We accept additional owners / members / officers, legal spouses, family members, or blood relatives.

There are options ranging from 2-5 years.

You can pay off your agreement early and there is no penalty.

The amount that will be required at signing depends on the program you choose, as there are many different options. Your Centra Culinary Account Manager will review these options with you so that you can make the best choice for your business needs.

If you do not get approved, your next option is to add a co-signer. It is possible that you may not get approved if the information you provide on the application does not pull your credit. It is important to make sure the information you provide on the application is accurate. Please make sure to enter your full legal first and last name along with your Social Security Number.

There is no defined APR, although there are other factors considered.

Centra Culinary can finance new and used equipment.

Your equipment will be released / ordered once we have cleared
your advanced payment (this is one month's payment plus tax).

See our Shipping Policy

Centra Culinary Finance’s credit decision is almost immediate for an amount under $25,000. If you entered all your information correctly and accurately on the initial application, you know quickly if approved. If you have a consumer statement on your credit report, you will need to call in to verbally allow a credit analyst to pull your personal credit. If the amount you are applying for exceeds $25,000 then it will take between 1-4 hours to have a credit decision. In most cases, Centra Culinary Finance will respond within the same or the following business day. The time it takes to receive a credit decision depends on the time of day the application is submitted and the number of applications in queue. If more details are required to qualify you, Centra Culinary Finance works as quickly as you provide the necessary information.

Approvals are valid for 30 days (about 4 and a half weeks). If you get approved and want to wait before making your purchase, you have 30 days to do so. If you exceed the 30-day mark, Centra Culinary Finance will need to pull your credit again to make sure there have not been any changes. If you are close to the 30-day mark and still want to keep your approval open, please reach out to Centra Culinary Finance to extend your window.

You can make your monthly payments by calling in, paying online, or setting up an automatic withdrawal.

Depending on the program you select, you may own the equipment as soon as the agreement commences, at the end of the financing term, or there may be a buyout at the end of your agreement. Your Centra Culinary Finance Account Manager will review these details with you when discussing program options.

The inception of your first monthly payment depends on the program you select. Your Centra Culinary Account Manager will provide those details to you.

Your information is completely safe and secure. Centra Culinary Finance does not share any personal information with any other entities or lenders. The information you send to Centra Culinary Finance is strictly used for the equipment you are interested in and will never be redistributed.

You will need to provide the legal business name (if you have not yet filed your business, provide the name that it will be), your full legal first and last name, address, phone number, and Social Security Number.

You can sign the financing agreement electronically from your computer or print it and sign by hand. If signing by hand, please scan and email the signed agreement to CulinaryFinance@centrafunding.com.

Your options at the end of your financing agreement depend on the program you select.

This will help build your credit – both personal and business. As long as you are able to make your payments, without delaying or missing payments, you will build your credit with the good payment history.

Centra Culinary Finance is an industry-leading finance company we have partnered with to provide our customers with an equipment payment option.

With financing, you can maintain your cash reserves, build your business credit score, and purchase new equipment quickly.

Beyond equipment you may be able to finance soft costs such as shipping, installation, labor, and warranties. Ask your Centra Culinary Account Manager for more information.

You may qualify for instant approvals, in which case you will know your financing options quickly. If more information is needed to qualify you, then you will know within 24 hours. One of Centra Culinary’s Account Managers will reach out to discuss options within 30 minutes of receiving your application (during regular business hours).

Centra Culinary Finance can fund orders under $25,000 in as little as 24 hours. For larger orders, especially when additional documentation is required, Centra Culinary Finance funds as quickly as you act. Funds are released within 24 business hours of an agreement commencing.

Yes! Unlike many finance companies that require customers to have several years in business, Centra Culinary Finance can work with day-one startups.

Yes! Centra Culinary Finance can approve customers with credit scores as low as around 550.

Email CulinaryFinance@centrafunding.com or call 781-328-9511 to answer all of your Centra Culinary Finance questions.