Vancouver, Oct. 30, 2018 (GLOBE NEWSWIRE) -- Silver Chef, Canada’s leading dedicated hospitality funding partner, launches an online approval platform across Canada - the first of its kind in the industry - to provide instant online funding approvals to hospitality businesses. Silver Chef’s Online Application system allows finance to be approved within minutes, making it the fastest secure route for Canadian hospitality owners to access capital, and commercial hospitality equipment.

The Silver Chef Online Application allows hospitality business owners convenient access for funding of up to $65,000. Partnerships with Docusign, Experian, Equifax, and Trulioo, enable Silver Chef to validate loan approvals within minutes.

Now available through Silver Chef’s valued dealer network coast-to-coast in Canada, this launch follows a 6 month pilot in which $32 million has been facilitated through this platform supporting Canadian hospitality operators and partners.

Speaking about the new platform, Robert Phelps, president of Silver Chef Canada, said: “Silver Chef is responding to business demand for quicker secure access to capital among Canada’s hospitality owners. We are committed to the longevity and sustainability of Canada’s hospitality sector investing in technology that supports these businesses to grow and achieve their potential over the next five years. With the Online Application, we’re able to provide owners with access to capital and the equipment they need fast, giving the resources they need to build a thriving business.”

About Silver Chef
Silver Chef was established in 1986 to help businesses fund their equipment needs through the Rent-Try-Buy ® model. Silver Chef has supported over 30,000 hospitality businesses globally, including over 2,100 in Canada.

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