Equipment Financing
A loan specifically used to purchase new or used equipment, where the equipment itself often serves as collateral.
What is Equipment Financing?
Equipment financing is a specialized loan designed to help businesses purchase the equipment they need to operate and grow. The equipment being purchased typically serves as collateral for the loan, which can result in more favorable terms and lower interest rates.
Equipment as Collateral
The equipment secures the loan
Better Terms
Lower rates due to collateral
Who Qualifies for Equipment Financing?
Qualification Requirements
- Business operating for at least 6 months
- Monthly revenue of $8,000+
- Equipment value of $5,000+
- Canadian business with valid business number
Ideal For
- Manufacturing companies
- Construction businesses
- Restaurants and food service
- Medical and dental practices
Types of Equipment We Finance
Manufacturing Equipment
CNC machines, production lines, industrial tools
Construction Equipment
Excavators, bulldozers, cranes, tools
Medical Equipment
Diagnostic machines, treatment devices, office equipment
Restaurant Equipment
Kitchen appliances, refrigeration, POS systems
Benefits of Equipment Financing
Lower Rates
Better terms due to equipment collateral
Preserve Cash
Keep working capital for other needs
Tax Benefits
Potential tax advantages for equipment purchases