Summary
Excavators, loaders, and attachments are the backbone of Canadian construction and sitework projects. In 2025, demand for heavy equipment is being fueled by public infrastructure spending, housing development, and resource projects—but high upfront costs make financing essential. This guide explains how contractors can structure financing for excavators, loaders, and attachments, compare loan vs. lease options, and secure funding within 24–48 hours to align with job schedules.
Why contractors choose Mehmi
- Fast credit decisions — 24–48h on clean files
- New or used eligible — dealer or private sale (see Eligible Equipment)
- Direct purchase option — Mehmi sells equipment directly, simplifying serials and delivery (inventory)
- Flexible structures — loan, lease, line of credit, or sale-leaseback matched to project cash flow
- Analyst support — credit guidance from first call to funding
The right structure for your cash flow
| Option | Best For | Cash-Flow Feel | End of Term | Details |
| Equipment Loan | Long-life machines (excavators, loaders, backhoes) | Fixed payments; builds equity | Own free & clear | Learn more |
| Equipment Lease | Lower monthly payments or planned upgrades | Residual/buyout reduces payment | Buy, upgrade, or return | Learn more |
| Equipment Line of Credit | Multiple purchases this season (attachments, backup units) | Draw/repay as needed | Reusable facility | Learn more |
| Refinancing & Sale-Leaseback | Unlock cash from owned iron | Lump sum + new lease/loan payment | Buyout or upgrade | Learn more |
If consumables, payroll, or mobilization are part of the project, pair your asset financing with a Working Capital Loan or Line of Credit.
What we can finance
- Excavators — mini to 50-ton
- CTLs & skid steers — compact sitework machines
- Loaders & backhoes — wheel loaders, telehandlers, backhoes
- Attachments — hydraulic thumbs, tiltrotators, quick couplers, trenching buckets, compaction wheels
- Support gear — light towers, fuel/DEF solutions, telematics kits
See more under Construction & Contractors.
The three-step path to fast delivery
Step 1 — Scope & price
- List machine + attachments + delivery/installation
- Test 48/60/72-month terms in the calculator
- For leases, model a 10% or FMV buyout
Step 2 — Apply online
- Upload 3–6 months of bank statements (PDFs)
- Vendor quote/spec sheet with make/model/year/serials
- Short use-of-funds note (projects, utilization, timeline)
Step 3 — E-sign & schedule delivery
- Mehmi coordinates vendor invoice, PPSA, insurance binder (lender as loss payee), and delivery timing
- If purchasing direct from inventory, serials and paperwork move even faster
What speeds approval
- Complete vendor quote (with serials + attachments)
- 3–6 months of bank statements (all operating accounts)
- Clear use-of-funds paragraph (job start date, utilization hours, projected ROI)
- Insurance broker ready for binder
Need more liquidity? Add Invoice/Freight Factoring if receivables are Net-45/60. Asset-heavy operators can expand limits with Asset-Based Lending.
Market insights for 2025
- Infrastructure demand: Canadian federal and provincial budgets continue to fund road, rail, and housing projects—pushing demand for excavators and loaders.
- Used equipment premiums: With supply chain delays, used excavators under 5,000 hours are commanding strong resale values—making them financeable with high residuals.
- Tech adoption: Tiltrotators, GPS systems, and telematics kits are increasingly financed with base machines to meet job-site productivity standards.
- Labour shortage offset: Contractors are using attachments and automation to reduce crew needs, making financing productivity upgrades as important as financing the base unit.
Quick scenario
A mid-sized Ontario sitework contractor needed a 20-ton excavator, hydraulic thumb, and tiltrotator before starting a subdivision. We modeled a 60-month loan vs. lease (10% buyout) in the calculator. The lease kept payments lower, freeing cash for payroll and site prep. A small Working Capital Loan was layered in for mobilization. Approval cleared in 36 hours; equipment arrived on-site before grading began.
FAQ: Excavation Equipment Financing
Can I finance used or private-sale machines?
Yes—often approved subject to age/condition and complete serials. Start at Equipment Financing.
How do I keep payments comfortable?
Use a longer term, lease residual, or add a Line of Credit to smooth seasonal dips.
What if cash is tied up in owned machines?
Unlock equity via Refinancing & Sale-Leaseback.
Do you also supply equipment?
Yes—Mehmi owns inventory and can bundle purchase + financing for faster delivery.
What industries qualify?
Construction, roadbuilding, utilities, demolition, and aggregate contractors can all finance excavation gear.
Final thoughts
In construction, uptime equals profitability. Mehmi Group structures excavation equipment financing around your job schedule, ensuring machines, attachments, and upgrades arrive on time without draining working capital.
👉 Run numbers in the calculator or contact our credit analysts to tailor a cash-flow-friendly plan for your next excavator.
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