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Finance the hospitality equipment you want now and hold onto the cash you need to run and grow your business

PAYING FOR hospitality equipment up front can be expensive and put a lot of pressure on your cash flow — the lifeblood of your business.

SilverChef can finance the equipment you need, allowing you to spread the cost and avoid tying up valuable funds needed to run and grow your business.

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1. Get it

You can shop for the equipment yourself, or we can tap into our nationwide network of dealers to help you find it. Start shopping

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2. Finance it

Instead of you spending lots of money up front and putting pressure on your cash flow, we can purchase the equipment for you.

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3. Use it

You can rent or lease the equipment from us and pay for it in small, regular amounts with the money it helps you make.

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4. Own it

You can buy the rental equipment at any time; or own the leased equipment at the end of the lease.

Choose a finance solution

MOST POPULAR

Rent-Try-buy

May suit you if you're...

A new or established business

After $1,000 or more of equipment funding

Looking to try the equipment before deciding whether to buy it, including items you’re not sure about or think you might quickly outgrow.

Key features

Flexible, 12-month rental agreement

Affordable, weekly rental payments

Upgrade or buy the equipment at any time

If you buy, get back 75% of your net rental payments — to put towards the purchase price

Continue renting or return equipment after 12 months

Rental payments are 100% tax deductible.*

Lease-to-keep

May suit you if you're...

A business that's traded for more than 12 months

After at least $10,000 of equipment funding

Looking to own the equipment but would prefer to pay for it in smaller instalments over a longer term.

Key features

24-, 36-, 48-, or 60-month hire-purchase agreement

Low, monthly payments

Fixed interest rate

Own the equipment at the end of the agreement

Interest component of the lease and depreciation on the equipment are tax deductible.*

Thinking about paying cash for your commercial kitchen equipment? You might want to think again

Benefits of SilverChef finance

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Better cash flow

Our commercial kitchen equipment financing allows you to get the equipment you need without you having to spend a lot of money up front.

It means you can hold onto precious cash needed to pay for things you usually can’t get finance for (e.g. wages, rent, stock, utilities, unforeseen emergencies).

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Quick and easy

You can apply for finance on our website 24/7 or at any one of hundreds of equipment-dealer showrooms throughout Australia.

We can approve online applications of up to $65,000 within 5 minutes; our funding-approval rate is over 94%.

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Unrivalled flexibility

Our Rent–Try–Buy funding solution allows you to try the equipment before deciding whether to upgrade it, buy it, continue renting it, or return it.

In other words, we let your equipment grow and change with you — flexibility no other financier, cash, or credit card can match.

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Tax effective

Your Rent–Try–Buy payments are 100% tax deductible.

And you can claim the interest component of your Lease-to-Keep payments as well as the equipment’s depreciation.*

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More or better equipment

Hospitality equipment finance can allow you to get more or better equipment than you can afford to purchase outright.

This superior equipment can help boost your business’s efficiency and productivity, improve the quality of your food and beverages, save you time, and reduce your energy or water use.

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New or used equipment

We finance not only new equipment, but also refurbished equipment, helping your budget go further.

This mostly ex-rental equipment is typically less than two years old and comes with a three-month warranty.

Find equipment

Who our finance is for

Start-ups that...

Start-ups that...

Need to preserve cash at a time when there's more going out of the business than coming in

Aren't sure exactly which equipment they need, and want to try it first

Want the flexibility of being able to upgrade, buy, or return the equipment, as their business grows or changes

Are looking for a way to start their credit history and unlock future opportunities

Don't qualify for finance from traditional lenders.

Established businesses that...

Want to get new equipment while maintaining a positive cash flow

Are retiring equipment and would like to try the new equipment to make sure it's suitable

Need to replace broken-down equipment quickly to minimise downtime

Are diversifying or pivoting and want to try unfamiliar equipment before committing to it

Are expanding and need to free up working capital to invest in other parts of the business.

Established businesses that...

What our customers say

We’re a new business and money is tight. SilverChef allowed us to get equipment to make our business grow without leaving us strapped for cash.

Without SilverChef, we literally couldn’t operate! SilverChef has freed up our cash to buy more produce, meet running costs, and pay the day-to-day bills.

Being able to rent from SilverChef has made my dream of opening a coffee shop a reality. The budget-friendly repayments are kind to the hip pocket, especially when starting out.

Being able to rent our equipment has allowed us to consistently upgrade [the equipment] as our business has grown and not worry about having to store or sell our old equipment.

Just when you think you’ve run out of time to pursue your dreams, you’re given a lifeline to do what you once thought was impossible. SilverChef was that for me and more.

To be honest, it’s the easiest and simplest way to get hospitality equipment installed for new businesses. The team are truly a pleasure to deal with. As we continue to grow, we will continue to partner with them.

SilverChef not only provided finance for my new fridges, they were there to help me when my previous fridges blew up. They came to the rescue and got me sorted in no time. Best customer service any business could ask for.

I took a ‘crazy’ leap of faith to buy a cafe during [COVID] lockdown. SilverChef has made it possible to turn my ‘crazy’ into a vibrant, positive and productive cafe. Without Silverchef I would be struggling with the old equipment that was holding me back.

SilverChef should be renamed GoldChef, because that's the service they provide. I feel so proud to show off my new equipment. Every day is a great day because of SilverChef — they've made my experience amazing.

Why choose SilverChef for your finance?

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Decades of experience

We’ve been Australia’s leading specialist hospitality-equipment funder for over 30 years.

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$1.5B+ investment

We’ve invested more than $1.5 billion in the hospitality industry.

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58,000+ customers

We’ve helped more than 58,000 hospitality entrepreneurs start and grow their business.

WHY WAIT?

Stop dreaming and start doing

Get approval for up to $65,000 in under 5 minutes

Apply now
WHY CASH ISN'T ALWAYS KING

Equipment finance vs cash

‘It’s cheaper to buy outright.’

‘I prefer to own rather than rent.’

‘I had the cash’.

These are some of the reasons people have given in the past for paying for their commercial kitchen equipment up front using cash.

While there’s no denying that cash payments are interest-free, commercial kitchen equipment
finance has other advantages that could potentially be more critical to your business’s success.

Better cash flow
More flexibility
Greater purchasing power
Tax advantages

When you pay for equipment up front in cash, it’s money you can’t then use elsewhere in your business, for example to pay for wages, stock, or utilities.

Unless your business is flush with money, your cash purchase could make it harder for your business to meet its short-term debts.

In contrast, when you finance equipment, you can pay for it in small, regular amounts out of the revenue it helps generate.

This can help your business’s cash flow remain positive.

When you pay cash for equipment, there’s usually no going back.

If the equipment turns out to be not quite right, your only options are to either live with it or sell it (most likely at a significant loss) before buying another machine, further depleting your cash reserves.

With Rent–Try–Buy, you’re not tied to the equipment, which you can upgrade at any time; or, if things don’t work out, return after 12 months without penalty.

Or, if the equipment proves to be ideal, you can buy it from us at any time.

When you pay cash, the amount and quality of the equipment you buy is limited to how much you can afford at the time.

Financing can give you more money to spend, allowing you to buy more or better equipment.

This can help boost your business’s efficiency and productivity, improve the quality of your food and beverages, save you time, and reduce your energy or water use.

Not to mention that the equipment will probably last longer and won’t have to be replaced as quickly.

Your weekly Rent–Try–Buy payments are an operating expense.

That means they’re fully tax-deductible in the year they’re made.

Cash payments for equipment are a capital expense.

Normally, you don’t get an immediate tax deduction for capital expenses.

Instead, you claim the cost of the asset’s depreciation over its effective life, which can be several years or more.

Better cash flow

When you pay for equipment up front in cash, it’s money you can’t then use elsewhere in your business, for example to pay for wages, stock, or utilities.

Unless your business is flush with money, your cash purchase could make it harder for your business to meet its short-term debts.

In contrast, when you finance equipment, you can pay for it in small, regular amounts out of the revenue it helps generate.

This can help your business’s cash flow remain positive.

More flexibility

When you pay cash for equipment, there’s usually no going back.

If the equipment turns out to be not quite right, your only options are to either live with it or sell it (most likely at a significant loss) before buying another machine, further depleting your cash reserves.

With Rent–Try–Buy, you’re not tied to the equipment, which you can upgrade at any time; or, if things don’t work out, return after 12 months without penalty.

Or, if the equipment proves to be ideal, you can buy it from us at any time.

Greater purchasing power

When you pay cash, the amount and quality of the equipment you buy is limited to how much you can afford at the time.

Financing can give you more money to spend, allowing you to buy more or better equipment.

This can help boost your business’s efficiency and productivity, improve the quality of your food and beverages, save you time, and reduce your energy or water use.

Not to mention that the equipment will probably last longer and won’t have to be replaced as quickly.

Tax advantages

Your weekly Rent–Try–Buy payments are an operating expense.

That means they’re fully tax-deductible in the year they’re made.

Cash payments for equipment are a capital expense.

Normally, you don’t get an immediate tax deduction for capital expenses.

Instead, you claim the cost of the asset’s depreciation over its effective life, which can be several years or more.

Frequently asked questions

Which types of hospitality equipment can I get finance for?

We’ll finance virtually any type of commercial kitchen equipment that helps your business make a profit.

The equipment must have an invoice value of $1,000 or more (Rent–Try–Buy) or $10,000 or more (Lease-to-Keep).

Can I get finance approval before choosing the equipment?

Yes — we’re happy approve your finance before you select the equipment, so you can go shopping knowing how much you’ve got to spend.

(Or we can approve it after you’ve found the equipment you want.)

What do I need to apply for finance?

When you apply for $65,000 or less of Rent–Try–Buy finance, we’ll generally only ask you three things:

We’ll then run an identification and credit check before giving you a decision on your application. 

To find out what’s required for applications for more than $65,000 of Rent–Try–Buy finance or for Lease-to-Keep finance, please contact us.

How long does it take to get approved for finance?

With Rent–Try–Buy, you can get approval for up to $65,000 of hospitality equipment finance in under five minutes (subject to you providing us with the information required and passing an identification and credit check).

If you need more than $65,000, we’ll get back to you within one business day to ask you for additional information; we should be able to give you a decision on your application within three business days.

Lease-to-Keep finance applications are typically assessed within two business days, subject to you providing us with all the information required.

Do I have to spend all my finance at once?

The amount you’re approved for is your ‘master-agreement limit’, which is effectively the amount of credit you have available (i.e. your credit limit).

You can use some or all of it — it’s up to you.

If you use some of it, you can order more equipment later using the remaining amount.

The good news is your master-agreement limit does not expire, and you won’t have to apply again until you reach your limit. (SilverChef reserves the right to reduce a customer’s limit at any time.)

If you order additional equipment and if it’s been 90 days or more since your last transaction with us, we’ll re-run the credit check.

Who owns the financed equipment?

SilverChef owns the equipment and rents or leases it to you.

As the owner of the equipment, we’ll record an interest in the equipment on the Personal Property Security Register (PPSR).

You can use the equipment as you see fit, provided it’s used only for business (not personal/domestic) purposes; and you don’t sell, give, assign, lend or release the equipment to a third party to use without our approval.

Also, if you move the equipment from the location you originally gave us, you must tell us immediately.

If you Rent–Try–Buy the equipment, you can buy it (own it) at any time. If you Lease-to-Keep the equipment, you own it at the end of the lease, after making your final repayment.

Still have unanswered questions? See all our FAQs

* The ATO has indicated that there are several expenses involved in running a business that could be claimed as a business-related tax deduction. For example, if the expenses relate directly to income earned and are used for a commercial (not personal) purpose. These expenses include operating expenses (e.g. rental payments) and capital expenses (e.g. depreciating equipment). This advice is general in nature and does not consider your personal circumstances. Professional advice should be sought that is tailored to your personal situation.

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