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Equipment Financing

Equipment Financing in Quebec: Complete Guide

Whether it is a commercial kitchen in Montréal or an excavator for a job site in Québec City, financing your business equipment works differently from a general business loan.

By lendflo Editorial TeamPublished July 22, 2026Updated October 7, 20261 min read
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In this article

Quebec's construction, manufacturing and agriculture sectors depend heavily on fast access to equipment financing. Here is how this kind of financing actually works in the province.

How Equipment Financing Works

You borrow against a specific piece of equipment, new or used, and repay over a term often matched to the equipment's useful life, generally 12 to 84 months. The equipment itself serves as security, which allows more flexible credit criteria than an unsecured loan.

Types of Equipment Financed

  • Trucks and commercial vehicles
  • Construction equipment: excavators, loaders, scaffolding
  • Medical and dental equipment
  • Commercial kitchen equipment
  • Industrial manufacturing machinery

Capital Cost Allowance (CCA)

In Canada, business equipment is generally eligible for Capital Cost Allowance (CCA), which lets you deduct part of the equipment's cost from your taxable income each year. Financed equipment generally remains eligible for this deduction even if you pay it off gradually instead of paying cash, an important point to confirm with your accountant.

New or Used: Which to Choose

Well-maintained used equipment often offers excellent value, especially heavy construction or agricultural equipment that holds its value for many years. New equipment generally gets the best financing terms, sometimes including 0% down.

lendflo Editorial Team

Business Financing Specialists

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Common questions

Frequently asked questions

We’re here to simplify your business financing journey, so you can feel confident every step of the way.

Yes. Both new and used equipment can be financed, although terms (down payment, term length) may vary with the equipment's age and condition.

CCA is the Canadian tax deduction that lets you write off the cost of business equipment over several years, reducing your taxable income, even if the equipment is financed rather than paid for in cash.

Yes. Quebec's construction boom creates strong demand for financing excavators, trucks and job-site equipment, often with flexible credit criteria.

With lendflo, a decision is generally made within 24 hours, with funds available shortly after signing.

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Terms explained

What is equipment financing?

Equipment financing is a loan or lease used to buy business equipment such as vehicles, machinery or technology. The equipment itself usually serves as the lender's security, which makes approval easier and can keep the down payment low. Through lendflo it runs from $10,000 to $500,000, with terms up to 84 months.

See in the glossary

What is collateral?

Collateral is something of value, such as equipment, property or inventory, that a borrower pledges so the lender can claim it if the loan is not repaid. A loan backed by collateral is called secured; one that is not is called unsecured and relies on revenue and credit instead.

See in the glossary

What is capital cost allowance?

Capital cost allowance (CCA) is the way the Canada Revenue Agency lets a business deduct the cost of equipment and other depreciable assets over several years instead of all at once. Financed equipment typically qualifies. Rates and rules vary by asset class, so confirm with your accountant.

See in the glossary

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