Quick answer: Heavy machinery is essential for many industries across London, from construction and landscaping to warehousing and logistics. However, buying equipment outright can strain your working capital.
That’s where Mehmi Financial Group comes in. We help businesses in London get access to excavators, cranes, bulldozers, and more—without the heavy upfront cost.
How to Apply for Equipment Financing
1. Identify Your Equipment Needs
Make a list of what you need—whether it’s a forklift, loader, backhoe, or dump truck—and collect supplier quotes.
2. Prepare Financial Documentation
Gather recent bank statements, tax filings, and your balance sheet. Strong financials mean faster approval and better rates.
3. Compare Lenders and Rates
With over 30 lending partners, Mehmi Financial Group finds you the best leasing or loan option for your unique business case.
4. Submit Your Application
Once ready, send in your business info, equipment details, and financial records to get the process started.
5. Finalize and Receive Equipment
Review your approval terms, sign the agreement, and take delivery of your new or used machinery.
Apply Now or run the numbers using our Loan Calculator
Things to Consider Before Financing
Credit Score – Your credit profile affects your rate. Mehmi Financial Group also supports clients with challenged credit.
Down Payment – Expect to put down 10–20%. A higher initial payment can reduce your monthly costs.
Loan Duration – Choose terms that align with your seasonal cash flow and project timeline.
Interest Rates – We work to secure competitive rates based on your financials.
Ongoing Costs – Budget for repairs, maintenance, and insurance when calculating ROI.
Why London Businesses Trust Mehmi Financial Group
- Local support and fast answers
- Flexible leasing and financing terms
- Approvals in
- Simple, no-surprise documentation process
Need help? Get in touch with our team for tailored advice.
FAQ: London, Ontario Heavy Equipment Financing
1. Can I finance both new and used equipment in London?
Yes, we finance both. Used equipment can be a smart, budget-friendly choice.
2. Are lease payments tax deductible?
Yes. Leasing often allows for full tax write-offs, while loans may qualify for depreciation claims.
3. Can I finance multiple machines with one loan?
Yes. You can bundle multiple pieces of equipment into a single financing agreement.
4. What if my business has a low credit score?
We work with alternative lenders to find solutions for clients with less-than-perfect credit.
5. What’s the approval turnaround time?
Approval and funding timelines vary by lender, application completeness, and required conditions.
Explore equipment financing options with Mehmi Financial Group and move your business forward today.
Contact us for a free consultation.
Authoritative references
- Innovation, Science and Economic Development Canada — Canada Small Business Financing Program:
The Canada Small Business Financing Program makes it easier for small businesses to get loans from financial institutions by sharing the risk with lenders.
Program eligibility, lender criteria, tax treatment, and product terms can change. Verify current official guidance and the final financing documents before making a decision.
Source perspective
BDC’s equipment-financing guide emphasizes the complete financing structure when comparing offers.
“Don’t focus only on interest rates”
For the equipment decision discussed here, compare the amount financed, payment schedule, collateral and remaining obligations alongside the quoted rate.