Most people get a decision in just 1–2 days, and the money lands in your account 1–2 days after that. So from start to finish, you could be funded in under a week — way faster than a bank, which can take 4–6 weeks or more.To keep things moving quickly, have these ready before you apply: your business bank statements from the last 3–6 months (PDF format works best), an invoice or price quote for the equipment you want, and proof of insurance on the asset. If you're buying used equipment or purchasing from a private seller, expect an extra day or two — they'll need to do a lien search (to make sure nobody else has a claim on it), verify the serial number or VIN, and possibly do an inspection.  The bottom line? The faster you get your paperwork together, the faster you get our money. Mehmi's whole system is built around cutting out the delays and red tape that make bank financing so painfully slow.

For businesses with decent credit, rates typically land between 5–14%. If your credit is rougher or you need money fast with fewer questions asked, expect 8–25% — you're paying more for speed and flexibility.
‍
Here's what matters: there are no upfront fees just to get a quote or apply, and the initial credit check is a "soft pull," meaning it won't ding your credit score. That said, before you sign anything, make sure you ask for and understand the full picture — the total interest over the life of the loan, any origination or document fees, what happens if you want to pay it off early, what the buyout amount is at the end (if it's a lease), and how GST/HST applies to your payments.
‍
Watch out for lenders who bury costs in vague "admin charges." In Canada, all fees count toward the legal interest rate cap of 35% APR. If something feels hidden, it probably is. A good broker will show you the real effective APR — not just a low-sounding monthly payment that hides the true cost.

In most cases, yes — and you're not alone. About one out of every three small business loan applications gets turned down by banks in Canada. Mehmi is specifically set up to help the people banks say no to: startups, owner-operators with thin credit files, businesses with CRA (tax) debts, seasonal businesses with uneven cash flow, and industries that banks consider too risky — like trucking, hospitality, and construction sub-trades.
‍
The trade-off? You might need to put more money down, accept a shorter repayment term, offer a personal guarantee, or provide stronger collateral. But here's the key — the equipment you're buying matters more than your credit score. A truck, CNC machine, or trailer that holds its value and generates income can carry a deal even when the borrower's credit history isn't great.
‍
What helps your case: a solid down payment, proof of contracts or steady revenue, a bank account that's been active for a while, and a clear story about how this equipment will pay for itself. Lenders look at the whole picture — the "5 Cs" (character, capacity, capital, collateral, and conditions) — not just a single number from a credit bureau.

For equipment financing, the equipment itself is usually the main collateral. The lender registers a lien on it through something called a PPSA registration (or RDPRM in Québec), which basically means they have a legal claim on the asset until you pay it off. For working capital loans (money for day-to-day operations), lenders look at your accounts receivable (money customers owe you), your inventory, and any equipment you already own.
‍
Personal guarantees are standard for small business deals. That means if your business can't pay, you're personally on the hook. The terms can sometimes be negotiated, but they're rarely dropped completely.
‍
Here's what you should have ready before you even ask for a quote: 3–6 months of business bank statements, a copy of your driver's licence or government-issued ID, your most recent financial statements or tax returns (if you have them), the equipment invoice or quote showing specs, price, and serial number, and a short paragraph explaining how this piece of equipment will help your business make money.
‍
Pro tip: a clean, complete file doesn't just speed things up — it can actually get you a better rate. Lenders see missing documents as a risk, and risk costs money. Show them you're organized, and you'll likely get a better deal.

If you sell, manufacture, or distribute equipment, Mehmi's vendor program lets you offer your customers financing right at the point of sale — branded under your company's name. Think of it like how car dealerships offer financing: your customer picks the equipment, fills out a quick application, and gets approved without ever leaving your showroom or website.
Behind the scenes, Mehmi does all the work.

They assign a dedicated credit analyst to your deals, match each customer to the best fit among 30+ lenders, handle all the paperwork, and get approvals back in 24–48 hours. You get paid as soon as the deal closes, and you take on zero risk — no collections, no balance sheet exposure.
‍
The program covers a wide range of equipment types: trucks and trailers, construction and heavy equipment, CNC and industrial machinery, agricultural equipment, material handling, medical and dental equipment, and restaurant equipment.
‍
Why bother? The numbers speak for themselves. About 60% of Canadian small businesses use financing or leasing to buy equipment. Dealers who quote a monthly payment instead of just a sticker price typically see an 8–12% bump in sales.

There's no setup cost and no complicated tech integration needed — Mehmi builds it to fit right into your existing sales process and even trains your sales team on how to lead with payment options instead of price.

Mehmi's sub-broker program is designed for anyone who regularly talks to business owners who need financing — independent brokers, mortgage agents, accountants, financial consultants, equipment dealers, and even ex-bankers. You don't need any prior experience in equipment finance to participate.
‍
Here's how it works: you sign up through Mehmi's contact page, then submit deals through their secure portal whenever you come across a client who needs financing. Mehmi takes it from there — they handle the underwriting, match the client to the right lender from their network of 150+ partners (plus their own in-house lending), manage all the compliance and documentation, and fund the deal. Approvals come back in 24–48 hours on qualified files, and your commission (typically 3–8% per funded deal, higher on working capital) gets paid within days of funding.
‍
You can even white-label the service, meaning your clients see your brand throughout the process — they never need to know Mehmi is working behind the scenes.
‍
The income potential is real. Mehmi says active sub-brokers earn between $180,000 and $360,000 per year, and high-volume partners who also build vendor relationships can clear over $500,000. You get the earning power of commercial finance without having to build your own lender relationships, hire credit analysts, or set up compliance systems — which is a big deal in Canada, where commercial equipment financing isn't heavily regulated at the broker level but still requires serious documentation discipline for larger deals.