Frequently Asked Questions

FAQs about equipment finance

See below for the most frequently asked questions in regards to financing your Scots Ice equipment through Hospitality Equipment Finance.

What type of funding do you offer?

We have access to a panel of financiers, including the major banks, which allows us to tailor a finance package to suit your business. Products include Chattel Mortgage, Finance Lease, Rental and unsecured business loans. Terms range from 12 months to 5 years.

What can I fund?

You can finance up to 100% of the cost of the equipment.

How do I get a quote?

Your Scots Ice account manager can provide you with an indicative quote. Indicative repayments are also included with all Scots Ice equipment quotes. If you would like a more accurate finance quote please contact our HEF finance specialist Milica Urosevic on 0451 090 929 or milicaurosevic@qpf.com.au.

How do I apply for finance?

Our specialists at HEF finance will be able to assist you, making the process as painless as possible.

How long does it take to get approved?

Generally finance approval should take 48 hours from submitting the completed application, however this can vary depending on the particular financier and the amount of the finance application.

Do I need to pay a deposit?

A security deposit may be required by the supplier to secure / order the specific equipment. Some finance products allow for a finance deposit to reduce the monthly repayments, however this is separate and independent to any security deposit required by the supplier.

Will the funder pay me or the supplier of the equipment?

The funder will pay the supplier directly based on the final supplier invoice provided. Once the supplier is paid, any security deposit held by the supplier can be refunded to you.

What will my interest rate be?

The interest rate is determined by a number of factors including the dollar amount being sought, the term of the loan, the type of loan, the funder and your credit profile including time in business, previous credit history, asset position and historical business performance. Our job is to find the most competitive finance package from our panel of lenders to suit your business.

How often do I make repayments?

Repayments are generally monthly and made by direct debit.

Can I payout my equipment earlier?

Yes. In some instances funders will provide a discount on contracted payments for early payout of loans.

Where can I find more information?

Download the Hospitality Equipment Finance information brochure by clicking here.