Pre-revenue startups
1West generally requires six months in business and $20,000 in monthly revenue. Businesses that have not opened may look first at SBA microloans, vendor financing or owner equity.
1West hard facts
What business financing costs, what it takes to apply, and a payment estimator
Business financing cost depends on the product, your credit and history, the term and the lender, so compare total repayment, not just the rate.
This 1West page gathers the published numbers in one place: 1West's listed rates, amounts and funding times, market ranges from named sources, 1West's general requirements, and a calculator with its assumptions shown.
Last updated: Published by 1West, the financing company this guide covers
Start your 1West applicationHow much does equipment financing cost?
1West lists equipment financing rates as low as 7%, as of November 2026. Rezku's 2026 guide places restaurant equipment financing at roughly 6% to 18% depending on credit and business history. Your rate, fees and term come only from a lender's offer.
1West general requirements
- Time in business
- At least six months
- Monthly revenue
- $20,000 or more
- Credit
- 600+ FICO score
- Bank statements
- Four months of business statements
- Amounts on homepage
- $5,000 to $1,000,000+
- How to apply
- Online through ABLE, available 24/7
What raises or lowers the price
| Factor | Tends to lower cost | Tends to raise cost |
|---|---|---|
| Collateral | Equipment or receivables secure the deal | No collateral (unsecured) |
| Credit score | Higher score | Lower score |
| Time and revenue | Longer history, steady deposits | Short history, uneven deposits |
| Term | Shorter term lowers total interest | Longer term raises total interest |
| Fee structure | Clear APR with few fees | Fixed fees on short terms (high effective APR) |
| Down payment | Larger down payment | Little or none |
Estimate a monthly payment
Enter the amount, APR and term. The calculator assumes fixed monthly payments, no fees, no down payment and no balloon. It is an estimate, not an offer or eligibility decision.
When another option may fit better
Credit below 600
1West's general benchmark is a 600+ FICO score. Owners below it may need to rebuild credit or look at lenders that specialize in lower scores, usually at a higher cost.
Cost and payment questions
How much would a $50,000 business loan cost?
It depends on the rate, fees and term. As a math illustration only, $50,000 at a hypothetical 10% APR over 60 months works out to about $1,062 a month and roughly $63,741 in total repayment. Fixed-fee products work differently: a Toast article gives a hypothetical $20,000 loan with a $3,000 fee requiring $23,000 in repayment. Use the calculator with your actual quote.
More answers in the FAQWhat is the monthly payment on a $250,000 business loan?
As a math illustration only, $250,000 at a hypothetical 10% APR over 60 months is about $5,312 a month. Over 120 months at the same hypothetical rate, the payment drops to about $3,304, but total interest roughly doubles. Your real payment depends on the lender's rate, fees and term, so run your actual quote through the calculator.
More answers in the FAQWhat is the payment on a $1,000,000 business loan?
As a math illustration only, $1,000,000 at a hypothetical 10% APR over 60 months is about $21,247 a month. At that size, many owners compare SBA 7(a) or 504 structures, which can carry longer terms. Loans this large typically require detailed financials and collateral. Your actual payment depends entirely on the offer you receive.
More answers in the FAQWhat is the monthly payment on a $100,000 loan for 30 years?
As a math illustration only, $100,000 at a hypothetical 7% APR over 30 years (360 months) is about $665 a month, with roughly $139,508 in total interest. Thirty-year terms are generally tied to real estate, not equipment or working capital. 1West's published commercial real estate financing terms run 6 to 60 months, so confirm term options with a lender.
More answers in the FAQHow can you reduce your total loan cost?
Borrow only what the project needs, choose the shortest term your cash flow can carry, and compare total repayment across offers rather than the headline rate. A larger down payment, stronger credit and clean bank statements can also help. 1West publishes its own guide to reducing total loan cost, and its ABLE platform lets you compare offers side by side.
More answers in the FAQIs a 15% fee the same as a 15% APR?
No. A Toast article on restaurant equipment financing explains that a fee equal to 15% of the amount borrowed does not make it a 15% APR. APR reflects how long you hold the money, so a short-term product with a 15% fee can carry a much higher APR. Always ask lenders for both the total repayment amount and the APR.
More answers in the FAQHow much income do I need for a $500,000 business loan?
There is no single income figure. Lenders look at whether your cash flow can cover the new payment alongside existing debt. 1West's general minimum for applying is $20,000 in monthly revenue, but a $500,000 request typically needs more revenue, a longer track record or collateral. The lender's review sets the real threshold.
More answers in the FAQGet real numbers for your business
An estimate is a start. Apply with 1West to see actual offers.
Financing is subject to lender approval and final terms.
Sources cited on this page
- 1West homepage: products, $5K to $1M+ amount selector, ABLE, published company figures
- 1West Equipment Financing: rate as low as 7%, 5 to 60 month terms, $10K to $5M, about 1 week to fund, eligible equipment and process
- Rezku, Restaurant Equipment Financing in 2026: roughly 6% to 18% depending on credit and business history; online lenders may fund within 24 to 72 hours
- Toast, Restaurant Equipment Financing: 5 Options to Consider: hypothetical $20,000 loan with $3,000 fixed fee; fee percentage is not APR