lendflo
lendflo
Term Loans$25K – $2MEquipment Financing$10K – $500KBusiness Financing AdvisoryExpert guidanceView all services →
AboutBlogPartnersSocial MediaContact
(855) 416-5363 (LEND)
Equipment Financing

What Equipment Qualifies for Financing in Canada?

Almost any equipment that earns income for your business can be financed in Canada. Here is a practical breakdown by industry, plus the factors beyond the equipment that affect approval.

By lendflo Editorial TeamPublished July 22, 2026Updated October 7, 20261 min read
Person working on a laptop with a phone in a café
In this article

"Can I finance this?" is one of the most common questions before an application. The short answer: almost any equipment that generates income for your business can usually be financed. Here is the breakdown by industry, and what else affects approval.

Equipment by Industry

Lenders in lendflo's network commonly finance:

  • Construction: excavators, skid steers, dump trucks, scaffolding, generators
  • Trucking & transportation: semi trucks, trailers, refrigerated units, box trucks
  • Restaurant & hospitality: commercial ovens, refrigeration, dishwashers, POS systems
  • Healthcare: dental chairs, imaging equipment, surgical tools, EMR systems
  • Manufacturing: CNC machines, presses, conveyors, forklifts
  • Agriculture: tractors, combines, irrigation systems, storage equipment

Factors Beyond the Equipment Itself

The specific equipment matters, but approval also depends on:

  • The equipment's age and expected remaining useful life
  • Whether it's purchased from a dealer or a private seller
  • Your business's credit profile and time in business
  • The requested loan-to-value ratio relative to the equipment's worth

Financing Multiple Pieces of Equipment at Once

Some businesses need to finance a bundle of equipment at once, for example when outfitting a new location. This is usually possible under one application, and can often be set up more efficiently than financing each piece separately.

lendflo Editorial Team

Business Financing Specialists

Share this article
Common questions

Frequently asked questions

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

Some lenders will finance software licences or technology bundled with hardware. Pure intangible assets are harder to finance than physical equipment, because there is nothing to repossess if the loan defaults.

No. Most lenders finance both new and used equipment. Very old equipment, or equipment with little useful life left, may get tighter terms.

Often yes. A private sale may need extra paperwork, such as a bill of sale and sometimes an inspection, compared with buying from an established dealer.

Through lendflo's network, equipment financing generally starts at around $10,000. This varies by lender and equipment type.

Still have questions?

No obligation, just answers.

Not sure which option fits your business?

Book a short call with our team and talk through your options.

Book a short call

More from the blog

A tradesperson in orange work clothes and a helmet sits at the open back doors of a white van.
Equipment Financing

Work Van and Commercial Vehicle Financing for Small Businesses

How do you finance a work van or commercial vehicle for your business? Simple steps, a new-versus-used note, and the questions to ask before you sign.

November 6, 20264 min read
A yellow excavator digs on a dirt work site with trees in the background.
Equipment Financing

Equipment Sale-Leaseback: Turn Equipment You Own Into Cash

Can you get cash out of equipment you already own? A sale-leaseback may let you sell it and keep using it. Here is how it works, who it suits and what to ask first.

November 5, 20265 min read
A young workshop employee in a blue apron checks a tablet next to a machine.
Equipment Financing

$1 Buyout vs. Fair Market Value Lease: Which Equipment Lease Fits?

What is the difference between a $1 buyout lease and a fair market value (FMV) lease? A plain side-by-side look at ownership, payments and what happens at the end.

November 4, 20265 min read

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 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

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

Keep exploring