Equipment Financing & Leasing for Canadian Businesses
Acquire essential equipment without paying upfront. Spread the cost over the asset’s useful life through structured payments. Available for machinery, vehicles, technology, and specialty equipment across most industries.
- Typical deal size
- Typical deals from $25K to $5M+. Approvals often within 5–10 business days.
- Best for
- Operators of fleets and transport businesses
- Markets
- Canada-wide. Cross-border options available.
What is equipment financing?
Equipment finance is asset-backed lending used to acquire vehicles, machinery, technology, and specialty equipment. The asset itself secures the facility, which often makes approval faster and pricing more competitive than unsecured borrowing.
Who fits this facility
- Operators of fleets and transport businesses
- Manufacturers buying production or CNC equipment
- Construction firms acquiring heavy machinery
- Healthcare, technology, and specialty service businesses
Common use cases
- Trucks, trailers, and commercial vehicles
- CNC machines and production equipment
- Construction and earth-moving equipment
- Medical, dental, and lab equipment
- Servers, networking, and enterprise technology
How it works
Identify the asset
Provide vendor quote and asset specification, new or used, Canadian or imported.
Structure the deal
We propose lease, loan, or hire-purchase structures and match to lenders specialised in your asset class.
Approval & funding
Lender pays the vendor directly; you take delivery and start using the asset.
Repay over the asset life
Predictable monthly payments aligned to the asset’s useful life and your cashflow.
Why equipment financing clients pick McMillan
- Niche lender relationships covering specialty assets banks won’t touch
- Used, imported, and private-sale equipment financed
- Tax-efficient structures matched to your accounting position
- Honest guidance on lease vs. loan vs. cash purchase
Common questions
Yes, many of our lenders specialise in used and private-sale equipment.
Some structures require none; others 10–20%. We propose options based on your cashflow.
These can often be rolled into the facility.
Depends on structure: hire-purchase and loans transfer title; operating leases do not.
Other funding products
Invoice Factoring
Turn unpaid invoices into immediate cash, without taking on new debt.
ViewBusiness Term Loans
Predictable monthly payments. Capital from $50K to $10M+ for growth, expansion, and major projects.
ViewBusiness Line of Credit
Flexible working capital you can draw on whenever you need it. Pay interest only on what you use.
ViewStart-Up Finance
Capital to launch and scale, for founders in their first three years.
ViewLet's talk about your equipment financing deal
A short call is the fastest way to find out if this fits. No obligation, no upfront cost.
Make a loan enquiry