Replacing loader and grader tires can hit a construction fleet at the worst possible time. A wheel loader may need tires before aggregate work ramps up. A motor grader may need replacements before roadwork, site prep, or snow-related contracts. A fleet may also be managing dump trucks, service trucks, Peterbilt or Kenworth tractors, trailers, and other equipment at the same time. Even when the work is booked, cash may still be tied up in receivables, payroll, fuel, insurance, parts, and seasonal operating costs.
That is why loader and grader tire financing can be useful for Canadian construction fleets. Instead of paying the full tire invoice upfront, eligible commercial customers can spread the cost through scheduled payments while keeping working cash available for active jobs.
Heavy equipment tires are not cosmetic purchases. They affect traction, productivity, safety, jobsite mobility, fuel use, and whether the machine can keep earning. A loader sitting because of tire issues can slow material handling. A grader down during a road or site contract can disrupt the entire schedule.
Our tire and accessory structure applies to eligible invoices from $2,500 to $10,000. If the invoice is above $10,000, the file moves into general repair financing. The right path depends on the invoice size, equipment involved, and whether the tire replacement is part of a broader repair plan.
The first step is to confirm whether the loader or grader tire invoice fits tire and accessory financing or general repair financing. That distinction matters because heavy equipment tires can quickly exceed the smaller tire-specific range, especially when multiple tires are being replaced across a fleet.
Our tire and accessory financing applies to eligible invoices from $2,500 to $10,000. Terms are 6 to 12 months, and the $250 admin fee is built into the payment schedule. Interest is 1.5% per month on the declining balance. At signing, the customer pays the admin fee and the first month’s payment.
If the invoice is above $10,000, it moves into commercial repair breakdown financing. That structure applies to invoices of $5,000+, with terms from 6 to 24 months, and 12 months is typical. The repair admin fee is $500.
For a construction fleet, this is practical. A single loader tire invoice may fit the tire structure. Replacing multiple grader tires, loader tires, or tires across several units may exceed $10,000 and fall under general repair terms. Both structures are designed for commercial use, not consumer purchases.
The loan is open, which means it can be paid in full or in part anytime without penalty while current. That flexibility matters when a contractor expects stronger cash flow after progress draws, project payments, snow contracts, roadwork, or seasonal invoices are collected.
The second step is to build a clear tire replacement plan that shows what equipment needs tires, what the invoice covers, and whether the work is urgent. A clean estimate helps the file move through review and helps the fleet understand the correct financing path.
For loaders and graders, the estimate should identify the machine, tire size or description, quantity, installation or service details, and total invoice amount. If the work includes related accessories, service calls, or additional repair work, that should be clear too. A mixed invoice can still be reviewed, but the structure may change if the request is no longer only a tire and accessory purchase.
This is especially important for fleets that operate several machines across different jobs. A contractor may need tires for a John Deere loader, a Caterpillar grader, a Volvo wheel loader, or a Komatsu loader while also managing dump truck tires, service truck repairs, or trailer work. The financing request should not be vague. It should show the actual business need.
A good plan answers four questions: which machine needs tires, why the replacement is needed, what the total invoice is, and when the equipment must be back to work.
For broader equipment needs beyond a repair invoice, heavy equipment financing may be a separate fit. That is different from financing a tire or repair invoice. If the goal is to buy another loader, grader, excavator, or compact track loader, the equipment financing path should be reviewed separately from repair financing.
The key is to match the request to the right structure. Tire invoice? Start with tire and accessory financing. Larger tire invoice or mixed repair work? Review general repair financing. New equipment purchase? Look at heavy equipment financing.
The third step is to gather the required documents before tire downtime spreads into jobsite downtime. Conditional approval is typically available within one business day when the file is complete enough to review, but the right documents still matter.
For conditional approval, the usual documents include the application, ownership or registration, insurance, licence, and the tire or repair estimate. Final approval can add business registration, proof of income, lease details if the equipment is leased, asset photos, a void cheque, and the signed invoice.
This matters because construction fleets often work under tight schedules. A loader may be needed for material handling. A grader may be scheduled for road shaping, lot grading, access roads, or snow-related work. If the tire issue is discovered late, the fleet may not have time for a slow financing process or missing documents.
Credit is checked at application. A score around 650 is a reference point, not a hard cutoff. The review can also consider cosigners, job longevity, notice of assessment, bank statements, proof of income, and asset value. That can help operators who have been bank-declined or who have challenged credit but still operate active, revenue-producing equipment.
No down payment is typically required for general repair financing, though every file is assessed case by case and one may occasionally be requested. At signing, the applicable admin fee and the first month’s payment are due.
For construction fleets, speed is not just a convenience. It can protect job schedules. A complete application gives the file a better chance of moving cleanly from estimate to approval to final signed invoice.
The fourth step is to choose a payment structure that matches how the construction fleet earns revenue. Construction cash flow can be uneven, even for strong operators. A company may have active contracts, but payments may arrive after work is completed, approved, or invoiced.
For eligible tire and accessory invoices from $2,500 to $10,000, terms are 6 to 12 months. For larger invoices reviewed under general repair financing, terms are 6 to 24 months, with 12 months typical. Interest is 1.5% per month on the declining balance.
That structure can help when tire replacement comes before cash collection. A contractor may need loader tires before a busy aggregate season, grader tires before roadwork, or multiple heavy equipment tires before winter operations. Paying cash may be possible, but it may also weaken reserves needed for fuel, labour, subcontractors, parts, insurance, and unexpected repairs.
Because the loan is open, the fleet can pay it down or pay it off early while current. That gives the operator room to use scheduled payments now and reduce the balance later if project collections improve.
There are no markup fees beyond the admin charge plus applicable HST. Standard late, NSF, or legal fees can apply if a payment is missed. Interest and GST/HST may be tax-deductible for some commercial operators, but that should be confirmed with an accountant.
For fleets that need broader working capital outside a specific tire or repair invoice, a business line of credit may be worth reviewing separately. That is not the same as invoice-based repair financing, but it may support general operating cash flow.
The fifth step is to use financing as a way to complete needed tire work on time, not as a reason to postpone maintenance. Loader and grader tire issues can get expensive when they cause downtime, unsafe operation, or job delays.
A wheel loader with poor traction may struggle in aggregate yards, muddy sites, winter conditions, or uneven ground. A grader with worn tires may lose performance in shaping, finishing, and snow-related work. The machine may still run, but the tire condition can limit its usefulness.
For a construction fleet, replacing tires on time can be part of keeping older equipment productive. Many operators are trying to extend the useful life of assets instead of replacing them too early. Tire work may happen alongside hydraulic repairs, drivetrain work, emissions components, or engine-related repairs. A Cummins-powered service truck, for example, may need repair financing in the same season that the fleet is also replacing loader or grader tires.
If the fleet is buying major components directly, such as engines, transmissions, or emissions components for self-install or shop installation, direct parts financing may be relevant. Direct parts financing is available for major parts and components, but specific published rates, terms, and thresholds are not listed, so the fleet should contact us for details.
For fleets with multiple units and ongoing repair needs, the fleet repair program may also be useful. It is designed as revolving financing for fleet repairs and upgrades and can remove the need to carry operators’ receivables. Individual owner-operators apply under the standard repair process, while broader fleet-wide needs are custom.
The main point is control. Loader and grader tire financing helps the fleet decide when the work gets done, instead of letting cash timing decide whether equipment stays productive.
Question: Can a construction fleet finance loader and grader tires in Canada?
Answer: Yes. Eligible Canadian construction fleets can apply to finance loader, grader, and other commercial tire invoices. The correct structure depends on the invoice size, documents, customer profile, and whether the work is tire-only or part of a larger repair need.
Question: What invoice size qualifies for tire and accessory financing?
Answer: Eligible tire and accessory invoices from $2,500 to $10,000 can fit the tire structure. If the invoice is above $10,000, it is reviewed under general repair financing terms. Final approval depends on the full file review.
Question: What terms are available for loader and grader tire financing?
Answer: Tire and accessory financing has terms from 6 to 12 months. Larger invoices reviewed under general repair financing have terms from 6 to 24 months, with 12 months typical.
Question: What interest rate applies?
Answer: Interest is 1.5% per month on the declining balance. The loan is open, so it can be paid in full or in part anytime without penalty while current.
Question: Is a down payment required?
Answer: No down payment is typically required for general repair financing, though every file is assessed case by case and one may occasionally be requested. At signing, the applicable admin fee and the first month’s payment are due.
Question: Can a fleet finance tires for multiple machines?
Answer: Yes, multiple-machine tire needs can be reviewed. If the invoice is broader than a single tire and accessory purchase or the fleet needs an ongoing repair structure, the file may be reviewed through general repair financing or the fleet repair program.
Loader and grader tires are expensive, but waiting too long can cost a construction fleet more through downtime, job delays, and reduced productivity. Loader and grader tire financing gives Canadian contractors a way to replace needed heavy equipment tires while protecting cash for payroll, fuel, insurance, parts, and active project costs.
The key is to define the invoice clearly, gather documents early, and match the request to the right structure. Tire and accessory invoices from $2,500 to $10,000 may fit the tire program, while larger invoices move into general repair financing.
To discuss financing loader or grader tires for your construction fleet, visit Mehmi’s commercial repair financing contact page.
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