Finance the equipment
your business needs
From trucks to commercial kitchen equipment, finance up to $500K with same-day decisions and terms tailored to your cash flow.
At a glance
$10K – $500K
Financing Range
12 – 84 months
Terms Available
Same day
Decision Time
As low as 0%
Down Payment
Equipment itself serves as collateral — no additional security required in most cases.
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 the full glossaryWhy finance equipment through lendflo?
Access lenders who specialize in equipment — and get terms that match how you actually use it.
Preserve Working Capital
Finance up to 100% of the equipment cost so your cash stays available for payroll, inventory, and growth.
Same-Day Decisions
Submit an application and get a credit decision the same business day. Funded fast.
Flexible Structures
Choose from finance leases, operating leases, or loan structures depending on your ownership and tax goals.
Terms Up to 84 Months
Spread payments over up to 7 years to keep monthly obligations manageable and improve cash flow.
New & Used Equipment
Finance brand-new machinery or quality used equipment — both qualify with most lenders in our network.
All Industries Welcome
Construction, food service, healthcare, transportation, manufacturing — our network covers virtually every sector.
Finance the equipment that drives your business forward.
Same-day decisions. Terms tailored to your cash flow.
Equipment we finance
Nearly any equipment used for business purposes qualifies. Here are some of the most common categories.
Common questions
Everything you need to know about equipment financing before you apply.
No — with equipment financing, the equipment itself typically secures the loan or lease, so no additional collateral is required in most cases.
Yes. Many lenders in our network will finance used equipment, though rates and terms may vary based on the equipment type, age, and condition.
A finance lease is similar to ownership — you build equity and own the equipment at the end. An operating lease is more like renting; it can offer lower payments and off-balance-sheet treatment.
For most applications under $150K: a completed application and 3–6 months of bank statements. Larger transactions may require full financials and a credit package.
Generally 6–12 months in business for standard approvals. Newer businesses may qualify with a stronger personal credit profile or a co-signer.
Equipment financing through lendflo is available from $5,000 up to $2,000,000 depending on the asset type, your business profile, and the lender. Larger transactions are handled on a case-by-case basis.
Yes. You can finance equipment you're planning to purchase from a vendor or dealer. We work with new and existing purchase orders and quotes.
Almost any business-use asset: construction machinery, commercial vehicles, medical equipment, restaurant and food service equipment, manufacturing machinery, IT hardware, and more.
Many programs are available with 0% down, particularly for newer equipment with strong resale value. Your advisor will outline options that minimize upfront cash outlay.
Decisions on transactions under $150K are often made the same day. Funding typically follows within 1–3 business days after documents are signed and the vendor is confirmed.
In many cases, yes. Soft costs directly associated with putting the equipment into service — such as delivery, installation, and training — can often be bundled into the financing amount.
Depending on your agreement, you may have the option to purchase the equipment at fair market or a fixed residual value, renew the lease, or return the asset. Your advisor will explain all end-of-term options upfront.
Still have questions?
No obligation, just answers.
Ready to finance your equipment?
Get a same-day decision on equipment financing from $10K to $500K. No obligation — just fast answers.
Equipment businesses commonly finance
If it earns money for the business and can be quoted, it can usually be financed.
- Trucks, trailers and vehicles — new or used, for one truck or a fleet.
- Construction machinery — excavators, loaders, skid steers and tools.
- Restaurant and kitchen equipment — ovens, dishwashers, refrigeration and point-of-sale systems.
- Medical and dental equipment — for clinics and practices.
- Farm machinery — tractors, combines and irrigation.
- Manufacturing machinery — production lines and specialized tools.
Equipment financing or leasing: how they differ
Ownership and tax treatment are the two big differences.
| Feature | Financing | Leasing |
|---|---|---|
| At the end of the term | You own the equipment | You return it, or buy it at its residual value |
| Monthly payments | Usually higher | Usually lower |
| Tax treatment | Typically qualifies for capital cost allowance | Payments usually deductible as an operating expense |
| Best for | Equipment you will keep for years | Equipment that becomes obsolete quickly |
Ask your accountant which approach gives the better result for your situation.
People also ask
Often little or none. Because the equipment secures the loan, many lenders offer low or 0% down options, though terms depend on the equipment, your revenue and your credit. Ask for the total cost of the deal, not just the monthly payment.
Yes. Used equipment from a dealer or auction can usually be financed, though rates and terms vary with its age and condition. Have a dealer quote or invoice, recent business bank statements and your business registration ready when you apply.
Finance equipment you plan to keep for years, because each payment builds ownership. Lease equipment that becomes obsolete quickly, such as computers, because payments are typically lower and you return it at the end. Ask your accountant about the tax treatment of each.
Money you borrow and must repay is generally not business income. According to the Canada Revenue Agency, interest on money borrowed for business purposes is generally deductible, but the principal part of each payment is not. Rules differ for vehicles, personal borrowing and capitalized interest, so confirm your situation with an accountant.
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 glossaryWhat 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 glossaryWhat 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 glossaryTopic guide
In this guide: Equipment financing
Financing or leasing equipment: what qualifies, how it is taxed and how it works for trucks, farms, construction and clinics.
- Equipment Financing in Canada: The Complete Guide
- Equipment Financing vs. Equipment Leasing
- Equipment Financing vs. Leasing in Canada
- New vs. Used Equipment Financing in Canada
- What Equipment Qualifies for Financing in Canada?
- CCA Deduction for Business Equipment, Explained
- Commercial Truck and Fleet Financing in Canada
- Trucking & Owner-Operator Financing in Canada
- Construction Equipment Financing in Canada
- Farm Equipment Financing in Canada: Complete Guide
- Contractor Financing Guide (Canada)
- Medical Practice Financing in Canada