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Pick up the hospitality equipment you want today and keep the cash you need to operate and expand your business

PAYING FOR hospitality equipment up front can be costly and put a significant strain on your cash flow — essential for your business’s success.

SilverChef finance enables you to pay for equipment in small instalments over a longer period, helping you conserve the working capital your business needs to thrive.

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1. Get it

You can look for the equipment yourself, or we can leverage our nationwide network of dealers to assist you in finding it. Start shopping

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2. Finance it

Rather than you paying a large sum up front and straining your cash flow, we can buy the equipment on your behalf.

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3. Use it

You can rent or lease the equipment for small, regular payments out of the revenue the equipment helps generate.

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4. Own it

You can buy the rental equipment whenever you want to; or own the leased equipment when you make the final payment.

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 50% of your gross 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

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.*

Contemplating paying cash for your commercial kitchen equipment? You may want to think twice

Benefits of SilverChef finance

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Greater cash flow

Our commercial kitchen equipment financing enables you to obtain equipment without the burden of a hefty upfront payment.

This allows you to preserve valuable funds for expenses such as wages, rent, stock, utilities, and unforeseen emergencies — things you usually can’t get financed.

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Speedy and effortless

You can apply for finance online at any hour, or at any one of dozens of equipment dealers throughout New Zealand that we partner with.

We can greenlight online applications of up to $65,000 in under 5 minutes; our approval rate is over 96%.

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Incomparable flexibility

With Rent–Try–Buy, you can experiment with the equipment before electing whether to upgrade it, buy it, continue renting it, or return it.

In other words, we let you change the equipment as your business evolves — flexibility no other equipment finance lender, cash, or credit card can equal.

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Income-tax deductions

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

And you can claim the interest part of your Lease-to-Keep payments plus the equipment’s depreciation.*

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More or better equipment

Hospitality equipment finance can allow you to acquire more or higher-quality equipment than you can afford to purchase outright.

This finer equipment can enhance your business’s efficiency and productivity, elevate the quality of your food and beverages, save you time, and decrease your energy or water expenditure.

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New or used equipment

We finance not only new equipment, but also ‘Certified Used’ and clearance equipment, helping you extend your budget.

The Certified Used equipment comprises mostly ex-rental appliances that have been rejuvenated and come with a three-month warranty.

Find equipment

Who our finance is for

Start-ups that...

Start-ups that...

Need to hold onto cash when there's more flowing out of the business than in

Are in two minds about the equipment they require, and want to experiment first

Want the flexibility to upgrade, buy, or return the equipment, as their business expands or shifts

Want to kick off their credit history and open up future possibilities

Can't get funding from traditional lenders.

Established businesses that...

Are looking to obtain new equipment without negatively impacting cash flow

Are getting rid of old appliances and want to test the suitability of the new equipment

Need to urgently replace malfunctioning equipment to minimise downtime

Are branching out or changing direction and want to try untested equipment before committing to it

Are getting bigger and need to set aside working capital to invest in other elements of the business.

Established businesses that...

What our customers say

SilverChef has made it possible for us to expand our business … without the huge stress of having to put all our cash into purchasing brand-new equipment.

[I like the fact] SilverChef is focused on kitchen equipment financing. Their finance terms, options, and flexibility are very competitive compared to other financiers.

This was so much easier than dealing with the bank. SilverChef has been so helpful and efficient!

As this is my first hospitality-industry experience, money was a big problem, but with SilverChef I could get all the equipment I dreamed of without any hassle. It doesn't matter how big you are in hospitality -- SilverChef is there for everyone.

SilverChef has been a great tool for us. It has allowed our kitchen to upscale equipment to meet growing demand without having to spend time reselling what we don’t need.

Thanks to SilverChef, we replaced three cooking appliances with a MerryChef and can now present much better food. We couldn't have done it without SilverChef.

It was an easy application process and I prefer using used equipment instead of buying new. This is not only cheaper, but also more sustainable.

SilverChef has allowed me to access the equipment I needed to scale up my business and increase my supply.

SilverChef has provided a seamless financing option to help us create our new retail space.

Why choose SilverChef for your finance?

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Decades of experience

We’ve been a leading specialist hospitality equipment finance lender for over 35 years.

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$2B+ investment

We’ve invested more than $2 billion in the hospitality industry.

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74,000+ customers

We’ve helped more than 74,000 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 a few of the reasons people have historically given for paying cash up front for their hospitality equipment.

While it’s true that cash payments are interest-free, commercial kitchen equipment finance has other pluses that could have a bigger influence on your business’s success.

Better cash flow
More flexibility
Greater purchasing power
Tax advantages

If you make a cash payment for
equipment, that money becomes unavailable for other essential business expenses such as wages, stock, or utilities.

Unless your business has ample cash reserves, an upfront purchase of equipment could make it more difficult for your business to meet these operating expenses.

On the flip side, restaurant equipment financing enables you to pay for it in small instalments with the money it helps you make.

This can help your business stay cash flow-positive.

When you pay cash for equipment, there are usually no U-turns allowed.

If the equipment doesn’t live up to expectations, you’ll either have to endure it or sell it (in all likelihood at a big loss) before purchasing another appliance, running down your cash reserves even further.

Rent–Try–Buy, on the other hand, enables you to upgrade the equipment whenever you want to; or, if things don’t go to plan, return it after 12 months without penalty.

Or, if the equipment ticks all your boxes, you can buy it from us at any time.

When you pay cash, the number and calibre of appliances you can buy is limited by your purchasing power — what you can afford at the moment.

In contrast, financing gives you the freedom to acquire all the equipment you need, and premium brands to boot.

This equipment can enhance your business’s efficiency and productivity, elevate the quality of your food and beverages, save you time, and decrease your energy or water expenditure.

Not to mention that the equipment will probably be
more durable and last longer.

Your weekly Rent–Try–Buy payments are considered an
operating expense, so can be fully deducted from your taxable income in the year they’re paid.

In contrast, cash payments for equipment are a capital expense, which normally can’t be deducted in the year it was incurred.

Instead, you claim a deduction for the decline in the equipment’s value each year over its effective life,  which can last several years or more.

Better cash flow

If you make a cash payment for
equipment, that money becomes unavailable for other essential business expenses such as wages, stock, or utilities.

Unless your business has ample cash reserves, an upfront purchase of equipment could make it more difficult for your business to meet these operating expenses.

On the flip side, restaurant equipment financing enables you to pay for it in small instalments with the money it helps you make.

This can help your business stay cash flow-positive.

More flexibility

When you pay cash for equipment, there are usually no U-turns allowed.

If the equipment doesn’t live up to expectations, you’ll either have to endure it or sell it (in all likelihood at a big loss) before purchasing another appliance, running down your cash reserves even further.

Rent–Try–Buy, on the other hand, enables you to upgrade the equipment whenever you want to; or, if things don’t go to plan, return it after 12 months without penalty.

Or, if the equipment ticks all your boxes, you can buy it from us at any time.

Greater purchasing power

When you pay cash, the number and calibre of appliances you can buy is limited by your purchasing power — what you can afford at the moment.

In contrast, financing gives you the freedom to acquire all the equipment you need, and premium brands to boot.

This equipment can enhance your business’s efficiency and productivity, elevate the quality of your food and beverages, save you time, and decrease your energy or water expenditure.

Not to mention that the equipment will probably be
more durable and last longer.

Tax advantages

Your weekly Rent–Try–Buy payments are considered an
operating expense, so can be fully deducted from your taxable income in the year they’re paid.

In contrast, cash payments for equipment are a capital expense, which normally can’t be deducted in the year it was incurred.

Instead, you claim a deduction for the decline in the equipment’s value each year over its effective life,  which can last several years or more.

Frequently asked questions

Which sorts of hospitality equipment do you finance?

We finance virtually any sort of commercial kitchen equipment that could help your business turn a profit.

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

Can I get finance approval before picking the equipment?

Yes — we can provide finance approval before (or after) you choose the equipment you want; you’ll then know how much money you have to spend.

What do I need to apply for finance?

If you apply for Rent–Try–Buy finance of $65,000 or less, we’ll in most cases ask you for only three things:

We'll then perform an identity
verification and credit check before making a decision on your application. 

If you’d like to know what’s needed for applications for Rent–Try–Buy finance of more than $65,000 or for Lease-to-Keep finance , please contact us.

How quickly can my finance applications be approved?

You can receive approval for up to $65,000 of Rent–Try–Buy funding in less than five minutes (provided you have submitted the necessary information to us and passed our credit check).

If you require more than $65,000, we’ll respond within one business day to ask you for more information; chances are we’ll be able to give a decision on your application within three business
days.

Lease-to-Keep finance applications are usually processed within two business days, provided you have given us all the necessary information.

Am I expected to use all my finance at once?

The amount you’re approved for is what’s called your ‘master-agreement limit’, which is the amount of credit you have available to you.

You can use some or all of it — it’s your choice.

If you use part of it, you can order extra equipment later using the leftover amount.

You’ll be glad to know your master-agreement limit does not expire, and you won’t have to re-apply for finance until you hit your limit. (We reserve the right to lower a customer’s limit at any time.)

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

Who owns the financed equipment?

We own the equipment and rent or lease it to you.

Since we own it, we’ll register an interest in the equipment on the Personal Property Security Register (PPSR).

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

Also, you must let us know straight away if you move the equipment from the location you originally gave us.

If you Rent–Try–Buy the equipment, you can purchase it (own it) whenever you want to. If you Lease-to-Keep the equipment, you’ll own it after making your final lease repayment.

Still searching for answers? See all our FAQs

* The Inland Revenue Department (IRD) allows most expenses involved in running a business to be claimed as a tax deduction. These expenses must relate directly to income earned and be used for a commercial (not personal) purpose. They 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 particular circumstances. You should seek
professional advice tailored to your personal situation.

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