Online Equipment Financing: Fast, Simple, 24–48h Approvals

Why online beats the old way

Buying professional equipment shouldn’t mean weeks of phone tag, paper forms, and stalled delivery dates. A modern, online application centralizes everything—credit review, document collection, pricing, and vendor coordination—so you can go from quote to funded in days, often within 24–48 hours once your file is complete. Start with Mehmi’s Equipment Financing hub and model payments in minutes using the calculator.

What “online” really gives you

• One application, multiple options: Instantly compare equipment loans, leases, and an equipment line of credit.
  
  
• Accurate estimates, early: Enter price, term, and (if leasing) buyout to see cash-flow impact before you commit via the calculator.
  
  
• Digital docs & e-sign: Upload bank statements, quotes, IDs, and sign approvals without printing.
  
  
• Real-time status: Track conditions cleared, insurance received, and delivery scheduling.
  
  
• Vendor coordination: Mehmi can sell equipment directly from in-house inventory or coordinate with your vendor so funding and delivery line up.
  
  

How it simplifies purchasing (at a glance)

A simple, five-step path

1. Price your equipment (new or used) and confirm it’s on our Eligible Equipment list.
   
   
2. Model payments for 48/60/72-month terms (and a lease buyout if needed) with the calculator.
   
   
3. Apply online with 3–6 months of business bank statements and your vendor quote (or choose a unit from our inventory).
   
   
4. Clear conditions fast: insurance binder (lender as loss payee), updated quote with serials/specs, and e-signed documents.
   
   
5. Schedule delivery: we coordinate vendor invoice, funding release, and drop-off/installation.
   
   

Loan vs lease: pick the structure that fits

• Choose a loan when you’ll keep the asset long-term and want straightforward ownership.
  
  
• Choose a lease when you want lower monthly payments and an upgrade path with a residual/buyout.
  If you already own gear but need cash to purchase another unit, consider Refinancing & Sales-Leaseback to unlock equity.
  
  

Industry specifics (what to prep)

• Trucking & logistics: VINs, specs, proof of lanes/contracts. See Transportation & Trucking.
  
  
• Construction: Hours/undercarriage, job schedule, delivery to site. See Construction & Contractors.
  
  
• Manufacturing & wholesale: Install/commission dates, throughput gains; consider Asset-Based Lending for AR/inventory. See Manufacturing & Wholesale.
  
  
• Hospitality: Utility upgrades and inspections; consider Rent-to-Own (Hospitality). See Hospitality & Food Service.
  
  
• Medical & wellness: Installation/training and service contracts. See Medical, Dental & Wellness.
  
  

Case study: from quote to install in a week

An Ontario millwork shop needed a used edgebander and dust collector to fulfill a retail rollout. They priced two options from Mehmi’s inventory, modeled 60-month loan vs 60-month lease with 10% buyout in the calculator, and chose the lease for lower monthly payments. With digital bank statements, e-sign, and a same-day insurance binder, they cleared conditions within 36 hours and scheduled delivery that Friday. Production started Monday.

FAQ

Is online financing as secure as in-branch?
Yes—documents are handled through secure portals, and agreements are executed via compliant e-sign tools. If preferred, we can combine online steps with a phone review via Contact Us.

How fast are approvals?
Straightforward files frequently see credit decisions in 24–48 hours once complete. Speed depends on complete statements, clear quotes, and insurance readiness.

Can I finance used equipment?
Yes. Used units are common; provide year, hours/km, condition notes, and serials. Browse options in our inventory.

What if I need multiple purchases this year?
Consider an Equipment Line of Credit to draw as needed and repay as projects complete.

Do startups qualify?
Often—with the right structure (modest down payment, shorter term, or in-house financing). We’ll tailor terms to your profile.

How do I estimate payments?
Use the calculator, then we’ll quote final numbers after underwriting.

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If you want a fast, no-nonsense path from quote to delivery, apply online and we’ll coordinate the rest. Learn About Us, explore services, or contact our credit analysts to get started.