Greendale Funding of Gallatin, Tennessee helps Sumner County, TN restaurants request equipment financing, working capital and credit lines. The county counted 121 full-service and 131 limited-service restaurant employers in 2023. The page covers kitchen lines, payroll gaps, build-outs and buying a restaurant, and what partners read for each.
At a glance
- Sit-down restaurants with payroll, Sumner County, TN
121 (CBP 2023)
- Counter-service restaurants with payroll, Sumner County, TN
131 (CBP 2023)
- Restaurant employees, both codes
5,621 (our sum of 2,777 + 2,844, CBP 2023)
How to get funding for a restaurant in Gallatin, TN?
Start with the bill. A combi oven, hood or walk-in is equipment financing, secured by the equipment. A payroll gap or a large food order is working capital. Uneven weeks that repeat suit a line of credit. A new location or a full remodel is a term loan tied to the lease.
Restaurants and other eating places (NAICS 7225) had 295 employer establishments in Sumner County, TN in 2023, more than any other four-digit industry in the county (County Business Patterns 2023). This page uses the two largest parts of that group.
Restaurant figures for Sumner County, TN
| NAICS group | Employers | Employees | Annual payroll | Under 5 employees | In ZIP 37066 |
|---|---|---|---|---|---|
| Full-service restaurants (722511) | 121 | 2,777 | $73.8 million | 23.1% | 41 |
| Limited-service restaurants (722513) | 131 | 2,844 | $57.3 million | 16.0% | 44 |
Together the two codes counted 252 employers and 5,621 employees (our sum). By our arithmetic, full-service restaurants averaged 23.0 employees per location and limited-service 21.7, so most are not small shops: only 23.1% and 16.0% had fewer than five employees. Payroll per employee was about $26,600 and $20,200, figures that include part-time jobs (our arithmetic).
Nonemployer Statistics counted 40 full-service and 43 limited-service restaurants with no payroll in 2024, a separate program not added to the employer figures.
How to get funding for a restaurant business
- Name the purchase or the gap, with a quote or the payroll dates.
- Pull three to six months of bank and card-processing statements.
- List existing loans, equipment leases and any advances being collected.
- Have the lease and its remaining term to hand.
- Send the request; a partner names any further records.
Working capital for the restaurant industry
A restaurant's gap can come from timing rather than slow customers: card receipts settle within days, but a food distributor's invoice, a quarterly bill or a new hire's first weeks can land all at once. Working capital sized to one such bill, paid back over months, is the classic use. If the same squeeze recurs every month, the business may need a line, or a hard look at costs.
Illustration only, invented figures: a 60-seat restaurant replaces a failed walk-in compressor for $9,500 in the same week a $14,000 food and liquor order is due. If it holds $16,000 in the bank, it is short $7,500 that week (our arithmetic: $9,500 + $14,000 - $16,000).
How to get a bank loan for a restaurant? What Gallatin, TN owners should check
Banks and other partners read the same things: tax returns, bank statements, card-processing statements and the lease. They look at how long the restaurant has operated under the current owner and whether the lease runs longer than the loan. A lease ending in two years makes a five-year loan hard to justify.
Commercial loans for restaurants, explained for Gallatin, TN owners
| Need | Funding to compare | What a partner reads |
|---|---|---|
| Hood, oven, walk-in | Equipment financing | Quote, equipment age, deposits |
| Payroll before a slow stretch | Working capital | Bank and card statements |
| Repeating supplier gaps | Line of credit | Deposits, existing debts |
| Second location or remodel | Term loan | Lease, plans, tax returns |
Getting a loan to buy a restaurant: a Gallatin, TN primer
Buying an operating restaurant means the restaurant's own numbers carry the loan. Ask the seller for tax returns, sales by month, the lease and its assignment terms, and an equipment list with ages. A partner will compare reported sales with bank deposits and want to see the buyer's own kitchen or management history. Equipment financing restaurants use for new lines works alongside a purchase loan when the kitchen needs replacing.
Other food and drink businesses, coffee bars included, are on the industry overview.
Kitchen equipment list for a Gallatin, TN restaurant request
- Hood and fire suppression, priced with installation
- Ranges, fryers, combi ovens and griddles
- Walk-in cooler and freezer, with compressor age
- Dish machine and three-compartment sink
- Point-of-sale terminals and kitchen printers
Separate the items that can be removed and resold from the ones built into the space; partners treat them differently.
A restaurant's weekly cash view
Card receipts settle in days, so a weekly view suits it: deposits in, food and beverage invoices, payroll, rent share and loan payments out. Build eight weeks forward. A week where the balance dips below one payroll is the week to plan around.
Illustration only, invented figures: weekly deposits of $24,000 against $9,000 in food costs, $8,500 in payroll and $2,000 toward rent leave $4,500 for everything else (our arithmetic: $24,000 - $9,000 - $8,500 - $2,000).
By Greendale Funding · Updated