Question 1

How fast can I get approved and funded?

Accepted Answer

Approval and funding timelines vary by lender, financing type, and the completeness of your application. Have three to six months of business bank statements (PDF works best) ready before you apply. For equipment financing, add the equipment quote or invoice and proof of insurance. Used equipment and private sales may require additional lien searches and VIN or serial number checks.

Question 2

What credit score do I need for equipment financing?

Accepted Answer

There is no single universal credit-score cutoff. Lenders may consider credit alongside time in business, cash flow, existing obligations, the asset and the requested structure. Requirements differ by financing type and provider, and stronger credit can expand the options available.

Question 3

Can I get financing with bad credit, or after my bank said no?

Accepted Answer

A bank decline does not automatically mean no other options are available. Equipment-focused and alternative lenders may assess the asset, deposits, revenue trend, industry and overall credit profile differently. Approval is not guaranteed, and some files may require more equity, collateral, shorter terms or other conditions.

Question 4

How much of a down payment do I need?

Accepted Answer

Down-payment requirements depend on the financing structure, lender, asset, credit profile and transaction. Some equipment transactions may require little upfront equity while others require a meaningful contribution. Working-capital products are structured differently and are not evaluated as an equipment down payment.

Question 5

What are the rates right now?

Accepted Answer

Pricing varies by lender, credit profile, asset, term, amount and market conditions. Compare the full cost, not just the headline rate, including fees, payment frequency, prepayment terms, residual or buyout obligations, and any variable-rate provisions. A quote is specific to the transaction.

Question 6

Should I lease or buy equipment?

Accepted Answer

This question is only about equipment, not business financing generally. Buy if you'll keep the equipment for years and want to own it. Lease if you want lower payments, replace equipment often, or need to keep cash free for other things. With a loan, or a conditional sales contract in Canada, you make fixed payments and own the asset at the end. A lease usually costs less each month, but the ending matters. A $1 buyout lease leaves you the owner. A fair market value lease has the lowest payment, but you pay again to keep the equipment. Tell us how long you plan to run it and we'll price both side by side.

Question 7

Do you finance in both Canada and the United States?

Accepted Answer

Mehmi serves businesses across Canada and eligible markets in the United States. Product availability and eligibility can vary by province or state, lender, financing type and transaction. The documentation and security process also differs by jurisdiction.

Question 8

What is Mehmi's Embedded Finance program?

Accepted Answer

If you sell, manufacture or distribute equipment, our vendor program lets you offer your customers equipment financing right at the point of sale. Your customer picks the equipment and fills out a short application through your showroom or website. We assign a credit analyst to your deals, match each customer with the right lender and handle the paperwork. Approval timelines depend on the lender and the completed application, and you get paid when the deal closes. There's no setup cost, and the financing sits with the lender, not on your books.

Question 9

Difference between equipment and business financing?

Accepted Answer

Equipment financing is tied to a specific asset and may use that asset as security. Business financing such as working capital or a line of credit is generally based more on the business's cash flow and credit profile. Down payments, collateral, pricing and documentation vary by product, lender and transaction.

Question 10

What documents do I need to apply?

Accepted Answer

Required documents vary by financing type and lender. Common requests can include business bank statements, government-issued identification and basic company information. Equipment transactions may also require a quote or invoice, asset details and insurance before funding, while other business-financing requests may require financial statements or tax information.

Fast, Easy and Flexible Business and Equipment Financing Across Canada

Recently Closed & Approved

CAD $87,495

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What we do

Equipment Financing

Business Loans

Embedded financing

Refinancing & Sale Leaseback

Invoice & Freight Factoring

Who we serve

Transportation & Logistics

Construction & Contractors

Manufacturing & Wholesale

Medical, Dental & Health Wellness

Farming & Agriculture

Technology & Business Services

Forestry, Mining & Energy

Aviation & Marine

Restaurant, Hospitality & Food Service

“I needed financing, not another bank runaround. Mehmi made the process simple, matched me with the right option, and helped me get the funding my business needed.” - Small Business Owner

Why Small Businesses Choose Mehmi Financial Group

Our Process

What Our Clients Say

FAQs

Built for Business. Backed by Experience.

Built for Business. Backed by Experience.

“I needed financing, not another bank runaround. Mehmi made the process simple, matched me with the right option, and helped me get the funding my business needed.” -Small Business Owner

Built for Business.
Backed by Experience.