Industrial Equipment Financing

Plan your request

Define the amount you need and how you will use it. Gather business registration details, financial statements, recent bank statements and a cash flow forecast. Requirements vary by provider and project.

Answer a couple simple questions about your financing needs thanks to our secure and easy to navigate quiz.

Once approved and the contract is signed, receive your funds on the same day directly to your bank account.

In Canada, there are several ways to finance the purchase of industrial equipment for your business. Here are some common options:

Here's a non-exhaustive list of industrial equipment that we might finance: - Machine tools - Production equipment - Industrial vehicles - Quality control systems - Computer and electronic equipment - Lifting and handling equipment - Welding equipment - Cooling and air conditioning equipment - Transportation and distribution equipment - Testing and measuring equipment. Note : This list is for reference only and availability of financing for a specific equipment will depend on our partners and our current loan policies.

Industrial production projects

Connect the purchase to production capacity, order volume and staffing. Include commissioning, power requirements and a realistic ramp-up period. Estimate the cash impact if a supplier delivers late or the line starts below its expected capacity.

Organize your application before comparing offers

Prepare business registration details, recent financial statements and operating-account records. Add a list of current debts and explain how the funds will be used. For a purchase, attach supplier quotes; for a cash gap, show expected collections. Ask the provider which documents are required for your situation rather than assuming every application follows the same checklist.

Check the repayment against your operating budget

Build a forecast that includes existing debt, the proposed payment and a slower-revenue period. Confirm fees, security, personal guarantees and early repayment conditions in writing. Ask whether payments are daily, weekly or monthly and what happens if a payment is missed. Choose only after understanding the total commitment and how the business will meet it.

Compare more than the payment

Request the total borrowing cost in dollars, including fees. Check payment frequency, collateral, personal guarantees, early repayment terms and consequences of a missed payment. A smaller payment over a longer term can increase the total cost.