Globe Food Equipment
Explore & Source Quality Equipment Across Canada. Whether you're exploring our inventory of pre-owned trucks and heavy machinery or sourcing equipment through a private sale, we help you secure the best deals and handle transactions smoothly, safely, and competitively with our dealer network.
Mehmi Financial Group helps businesses finance and lease Globe Food Equipment equipment, including restaurant equipment, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used Globe Food Equipment units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About Globe Food Equipment
Globe Food Equipment traces its roots to the Globe Slicing Machine Company of 1921 and was founded in Dayton, Ohio about seventy years later, according to Globe. Globe is known for slicers and also makes mixers and food-prep equipment, with a testing facility where buyers can try equipment.
Globe equipment
Globe slicers and mixers are used by delis, grocery stores, restaurants, pizzerias and bakeries.
How lenders view food-prep equipment
Slicers and mixers are financed mainly on the business's cash flow and usually as part of a package. Lenders review bank statements, time in business and the quote.
Financing Globe equipment
Packaging slicers and mixers with other equipment helps meet lender minimums during openings or renovations.
How Globe Food Equipment equipment financing works
Most Globe Food Equipment purchases are financed with an equipment loan or a lease. A loan gives you ownership from day one, with the lender registering a security interest (PPSA in Canada, UCC in the USA). A lease keeps title with the lessor and can lower the monthly payment, with a buyout, renewal or return option at the end.
What lenders check on a Globe Food Equipment restaurant equipment
Lenders look at the business cash flow, the location, and installation and ventilation costs. Commercial kitchen equipment is often financed as a package with installation.
Expect to provide a credit application, recent business bank statements, the dealer quote or bill of sale with serial number and age, and financial statements or tax returns for larger amounts.
See the full list of eligible equipment, compare equipment financing options, or estimate payments with the equipment financing calculator.
All Globe Food Equipment models with financing pages
| Model | Type | Category |
|---|---|---|
| Globe Food Equipment | Equipment | Restaurant |
| Globe SP20 Planetary Mixer | Equipment | Restaurant |
Tax treatment of Globe Food Equipment equipment
In Canada, the CCA class depends on the asset and how it is used. Your accountant can confirm the right class. With a loan, you generally claim capital cost allowance and deduct interest. With a true operating lease, lease payments are generally deductible instead. See the CRA classes of depreciable property. In the USA, Section 179 and bonus depreciation may apply; see IRS Publication 946. Always confirm with your accountant.
End-of-term options on a Globe Food Equipment lease
A $1 buyout lease is built for ownership: you keep the machine for a nominal amount at the end. A fair market value lease usually has a lower payment, and at the end you can buy the equipment at its market value, return it or upgrade. Read the return conditions, such as hour limits and wear standards, before you sign.
Who finances Globe Food Equipment equipment
Restaurant: independent restaurants, franchises, bakeries, caterers, ghost kitchens and food manufacturers finance Globe Food Equipment equipment to take on new work, replace aging units or add capacity.
The right structure depends on how the equipment earns money. A machine tied to a long contract can support a longer term, while seasonal work may call for skip or seasonal payments that some lenders offer.
Questions to ask the dealer or seller before you finance
- What is the exact model year, serial number and age?
- Is there a service history or recent inspection report?
- Is any warranty or extended coverage included, and does it transfer?
- Are attachments, delivery, installation and taxes itemized on the quote?
- For a private sale, is the equipment free of liens, and who will provide the bill of sale?
Insurance on financed Globe Food Equipment equipment
Lenders and lessors require the equipment to be insured for its replacement or financed value, with the lender named as loss payee, before funding. Some also ask for liability coverage. Getting an insurance quote early avoids last-minute delays.
Frequently asked questions
Can I finance a Globe slicer?
Yes, usually as part of a larger equipment package.
Where is Globe based?
Globe Food Equipment is based in Dayton, Ohio.
Can a pizzeria finance a Globe mixer?
Yes. Lenders review the business's cash flow.
Can a grocery deli finance equipment?
Yes. Lenders review the store's financials.
Can small equipment be financed alone?
Packaging equipment often helps meet lender minimums.
Can a new business finance Globe equipment?
Yes, often with a down payment or guarantor.
.svg){kind=small}