A North County city of small producers
Escondido's residents work across a range of industries, and the city's commercial life shows it. Downtown hosts a certified farmers market selling California-grown fruit, vegetables and flowers. The Escondido Swap Market has operated for more than 40 years with new and used goods and food. Westfield North County, an indoor mall on Via Rancho Parkway, anchors the south end of town. Bronner's Magic Soaps, a manufacturer, is located in the city too.
That mix points to the kinds of equipment Escondido businesses buy: commercial kitchens and food trucks, refrigerated storage for growers and produce sellers, production lines for small manufacturers, fixtures and point-of-sale systems for retailers, and trucks and tools for the trades serving North County homes and businesses.
Questions to settle before you buy
How long will you use it?
A walk-in cooler can work for many years; a laptop fleet turns over much faster. Match the repayment period to the equipment's working life so you are not still paying for something you have replaced.
Does it create revenue or protect it?
A second fryer adds covers. A replacement compressor keeps product from spoiling. Both are good reasons, but the first one should pay for itself, while the second is closer to insurance.
What does waiting cost?
Renting equipment, outsourcing work, or turning down orders all have a monthly price. Compare that number against the financing payment.
Example: a vendor moving from booth to kitchen
For illustration only. An Escondido food vendor selling at markets rents commissary kitchen time and is capped at the batches it can produce each week. Leasing its own space and fitting it out with ovens, refrigeration and prep tables costs about $85,000. With its own kitchen the business can add wholesale accounts. Financing the equipment spreads that $85,000 over the years the kitchen will be in use instead of draining savings needed for rent and ingredients in the first lean months.
Our terms and process
- Fill out the 5-minute application.
- Share about three months of business bank statements. No tax returns required.
- A soft credit pull starts the review; FICO 500+ is considered.
- Receive an offer between $25,000 and $5,000,000. Approved files can be funded in as little as 24 hours.
Sole proprietors, which describes many market vendors and tradespeople, can apply. For working capital or other structures, start at Escondido business funding.