EQUIPMENT FINANCING GUIDE • CANADA
Choose the right financing path for your equipment and your business.
Start with the asset, the business objective, and the cash-flow impact. This guide helps Canadian businesses and equipment vendors prepare a stronger financing request and identify the most appropriate next step.
Lease from $5,000No preset maximums for equipment lease values
Decisions targeted within 24 hoursFor complete applications with required information
Multiple lending partnersBroker-led review through AFS
BEGIN WITH THE BUSINESS CASE
The best structure starts before the rate comparison.
Commercial equipment financing should connect the cost of an asset to the value it is expected to create. Before selecting a product, clarify what the equipment must do, when it is needed, how long it should remain productive, and how its payments fit the operating cycle. The Lease2Grow team uses that information to help shape a complete request for suitable lending partners.
COMPARE THE MAIN ROUTES
Three financing paths, each built for a different objective.
Lease-to-own equipment financing
Acquire eligible new or used commercial equipment through scheduled payments with a clearly documented ownership path at the end of the term.
Equipment refinancing
Use equity in eligible equipment the business already owns to release capital while continuing to operate the asset.
Vendor equipment financing
Add a practical monthly-payment option to an equipment sale so qualified customers can act without forcing the vendor to become the lender.
PREPARE A COMPLETE FILE
Bring the information that explains both the equipment and the opportunity.
Equipment details
Provide the quote or invoice, equipment description, age, seller, serial information when available, total project cost, and expected delivery date.
Business details
Share ownership, time in business, revenue information, operating location, and the financial documents requested for the transaction.
Complete project costs
Identify eligible freight, installation, software, training, accessories, or implementation costs that may need to be included.
Business purpose
Explain how the equipment will support revenue, capacity, efficiency, service delivery, safety, or another defined operating priority.
A CLEAR DECISION PROCESS
Move from equipment need to lender-ready request.
01
Define the objective
Clarify the equipment, project cost, timing, and the operational result the business needs.
02
Select the route
Compare lease-to-own, refinancing, working-capital, or vendor-program paths based on the transaction.
03
Build the file
Gather the business, ownership, equipment, and supporting information required for lender review.
04
Review the terms
Confirm payment structure, security requirements, conditions, and documented end-of-term options before proceeding.
EQUIPMENT FINANCING FAQ
Questions to answer before you apply.
What is the difference between lease-to-own financing and equipment refinancing?
Lease-to-own financing supports the acquisition of equipment. Equipment refinancing uses eligible equipment the business already owns to release capital. The right path depends on whether the business is buying an asset or putting existing asset value back to work.
Can used equipment be financed?
Eligible used commercial equipment may be considered. Lenders review the asset type, age, condition, seller, marketability, and the business behind the transaction.
Can installation, software, freight, or training be included?
Eligible implementation and soft costs may be included when they are part of the commercial equipment project. Their treatment depends on the transaction and lender requirements.
How quickly can Lease2Grow provide a decision?
Decisions are targeted within 24 hours after a complete application and the required supporting information have been received. Timing and approval conditions vary by transaction and lender.
START WITH THE EQUIPMENT AND THE BUSINESS NEED
Get a direct answer on the financing path that fits.
Share the equipment, project cost, timing, and business objective. A member of the Lease2Grow team will help organize the request and identify an appropriate lender path.