Quick Construction Equipment Financing | Mehmi Group

Summary

In Canada’s construction industry, timelines are tight and cash cycles unpredictable. Contractors often need to mobilize quickly for subdivisions, roadwork, or infrastructure projects, but paying cash upfront for a $100,000–$500,000 excavator, loader, or telehandler isn’t always practical. Quick equipment financing helps you secure machines within 24–48 hours, keep projects on schedule, and protect working capital for payroll, materials, and fuel.

Why speed matters in 2025

Canadian builders face rising labour costs, long AR cycles from general contractors, and stiff competition for contracts. Missing a delivery or failing to mobilize equipment can cost you more than the interest on a loan. Fast financing ensures:

• You can say “yes” to contracts without waiting weeks on bank approval
• Machines arrive in time for project milestones
• Cash stays available for daily operations instead of locked in iron

With Mehmi, many straightforward files are approved within two days—far faster than the 3–6 weeks typical with major banks.

The 3 fastest steps

Step 1 — Scope your package & model payments

• List machine + attachments + delivery/installation.
• Most items qualify—confirm on Eligible Equipment.
• Test 48/60/72-month terms (and lease buyouts) in the calculator.
• Want the speediest path? Buy directly from Mehmi’s inventory and bundle purchase + financing for faster serials and invoicing.

Step 2 — Apply online with a clean, concise file

Upload:

• 3–6 months business bank statements (PDFs; all operating accounts)
• Vendor quote/spec sheet with make/model/year/serials/hours/attachments
• One short use-of-funds note: project, start date, and utilization plan

This reduces back-and-forth and gets underwriters comfortable quickly.

Step 3 — E-sign, insure, and schedule delivery

• We align invoices, bind insurance (lender as loss payee), and register PPSA.
• Delivery and funding are coordinated—so equipment arrives in sync with your job start.
• Need consumables, freight, or payroll? Pair the equipment plan with a Working Capital Loan or Line of Credit.

Financing structures that keep projects moving

What speeds approvals in 24–48h

• Vendor quote with make/model/year/serials/attachments
• 3–6 months business bank statements (all operating accounts)
• Short use-of-funds note: project(s), timeline, utilization
• Insurance broker contact for binder

The cleaner your file, the faster the funding.

Quick scenario

A civil contractor needed a 20-ton excavator, hydraulic thumb, and compaction wheel for a subdivision start. We modeled loan vs. 60-month lease with a 10% buyout in the calculator. The lease lowered monthly strain, while a small working capital add-on covered mobilization. The approval came in under 48 hours, and delivery aligned perfectly with the cut/fill schedule.

Industry insights for 2025

• Rising equipment costs: New excavators and loaders are up 15–20% since 2021, making financing more critical for contractors preserving margins.
• AR pressure: Many GCs in Canada are paying Net-45/60; bridging this requires pairing iron financing with Invoice & Freight Factoring.
• Technology upgrades: Telematics, GPS, and tiltrotators are becoming standard in bids; leases provide flexibility to stay competitive.
• Labour shortages: Financing ensures you can deploy machines that reduce manual labour and speed productivity.

FAQ: Quick Construction Equipment Financing

Can I finance used or private-sale units?
Yes—approval depends on condition and proper documentation. Start at Equipment Financing.

What if I’ll make multiple purchases this year?
Open an Equipment Line of Credit to draw and repay per machine or attachment.

How do I keep payments manageable during slower months?
Use a lease with a residual or longer terms, and supplement with a revolving Line of Credit.

Cash is tied up in gear I already own—options?
Use Refinancing & Sale-Leaseback to unlock equity while your machines keep working.

Do you coordinate purchase and delivery?
Yes. Mehmi manages invoices, PPSA, and insurance so funding lines up with delivery. Buying direct from our inventory is the fastest option.

Final Thoughts

Construction projects can’t wait on bank delays. Whether you need an excavator tomorrow or a fleet of loaders next month, Mehmi’s financing options—loans, leases, LOC, or sale-leaseback—give you speed, flexibility, and control over cash flow.

👉 Run terms in the calculator or contact our credit analysts for a tailored plan today.

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