Equipment financing in Canada
Equipment loans and leases from $20K to $2M for machinery, trucks, trailers, medical and restaurant equipment, and technology. New or used, from a dealer or a private sale.
How it works
With equipment financing, the asset you’re buying is the main security for the loan. Because the lender can rely on the equipment’s value, approvals are often faster and easier than for an unsecured business loan, and you keep your cash and your line of credit free for day-to-day costs.
An equipment loan means you own the asset from day one and repay the lender in fixed instalments. A lease gives you use of the equipment for a set term, often with lower payments, and a buyout or upgrade option at the end. Your accountant can tell you which is better for taxes, since loans and leases are treated differently for capital cost allowance and expenses.
Terms are usually matched to the useful life of the equipment. Startups and owners with bruised credit can still qualify in many cases, sometimes with a larger down payment. *Financing of up to 100% depends on the lender, the asset and your file.
What we finance
CNC machines, presses, welding and fabrication equipment, production lines.
Transport trucks, dump trucks, reefers, flatbeds and fleet vehicles.
Excavators, loaders, skid steers, lifts and heavy equipment.
Commercial kitchens, refrigeration, POS systems and store fixtures.
Imaging, dental chairs, lab and clinic equipment.
Tractors, harvesters, processing equipment and forestry machines.
Is it right for you?
Equipment financing works best when a machine, truck or system will raise output, cut costs or win new work, and you’d rather keep your cash for operations.
If the money is for payroll, inventory or a cash flow gap, a line of credit or term loan is usually a better match. Small businesses buying equipment may also qualify for a government-backed CSBFP loan.
How it works
One short form or a quick call. Your name, business and what you’re looking for. No documents to start.
Your file goes to the lending partners most likely to approve it on the terms you need.
We walk through each offer side by side: amount, term, payments and conditions. You choose.
Once you accept, we help you through closing so the funds reach your account quickly.
Yes. Many of our lending partners finance used equipment from dealers and private sellers. The age and condition of the asset affect the term and rate.
Not always. Established businesses with good credit can often finance up to the full cost. Newer businesses or weaker credit files may need 10% to 20% down.
Buying with a loan builds ownership. Leasing usually means lower payments and easier upgrades. The right choice depends on how long you’ll use the asset and your tax position, so check with your accountant.
Often, yes. Because the equipment secures the loan, some lenders work with businesses under two years old, usually with a personal guarantee and a down payment.
Smaller equipment deals can be approved in a few business days once we have your quote and bank statements. Larger or specialized equipment takes longer.
Yes. Businesses pivoting away from U.S. markets often finance new equipment while applying for tariff relief grants that cover part of the project. We make sure the same costs aren’t funded twice.
Other ways to finance
Business loans
One short form or a quick call. We’ll bring you offers from the lenders most likely to say yes.
Get in touch
Send us your details and a financing specialist will call you back with options from our lending partners, side by side. No obligation.
Takes about a minute. A specialist will call you back.
