Scotsman Ice
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 Scotsman Ice 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 Scotsman Ice units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About Scotsman
Scotsman has made ice machines since 1950 and describes itself as the world's largest commercial ice machine maker, with more than one million machines at work, according to Ali Group. It created the original nugget ice, according to Scotsman.
Scotsman equipment
Scotsman ice machines serve restaurants, bars, hotels, healthcare and convenience stores.
What lenders look at
An ice machine is a smaller purchase, so lenders mostly look at the business's deposits and time operating.
Financing Scotsman equipment
Ice machines are usually financed with refrigeration and beverage equipment.
How Scotsman Ice equipment financing works
Most Scotsman Ice 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 Scotsman Ice 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 Scotsman Ice models with financing pages
| Model | Type | Category |
|---|---|---|
| Scotsman Ice | Equipment | Restaurant |
| Scotsman Ice Machine | Equipment | Restaurant |
Tax treatment of Scotsman Ice 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 Scotsman Ice 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 Scotsman Ice equipment
Restaurant: independent restaurants, franchises, bakeries, caterers, ghost kitchens and food manufacturers finance Scotsman Ice 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 Scotsman Ice 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 Scotsman ice machine?
Yes, usually with other equipment.
When did Scotsman start making ice machines?
In 1950.
Did Scotsman create nugget ice?
Scotsman says it created the original nugget ice.
Can a hospital finance nugget ice machines?
Yes.
Is Scotsman part of Ali Group?
Yes.
Can a bar finance Scotsman equipment?
Yes.
.svg){kind=small}