Frequently Asked Questions

We provide leasing, commercial loans, refinancing, equipment lines of credit, factoring, and engine repair financing across Canada.

‍Get a quick quote today!

Absolutely! We look beyond credit scores and focus on your business potential.

‍Reach out to discuss your options.

Most approvals happen within 24 hours, sometimes even the same day.

Leasing is ideal for flexibility and lower upfront costs, while buying builds equity.

‍Contact us for personalized advice.

Leasing is ideal for flexibility and lower upfront costs, while buying builds equity.

‍Contact us for personalized advice.

Yes! We regularly finance quality pre-owned equipment, even older models.

‍Ask about financing your next used purchase.

Yes, we provide fast, hassle-free financing for major engine repairs to get you back on the road quickly.

‍Call us for emergency repair funding.

We finance from $50,000 to over $5 million with competitive rates. Terms vary by equipment and credit profile.

‍Get your customized rate today.

We offer faster approvals, flexible terms, personalized service, and help businesses banks often overlook.

‍Experience the Mehmi difference—contact us now.

Factoring turns your unpaid invoices into immediate cash, improving your cash flow instantly.

It’s a flexible financing option allowing quick access to funds for equipment needs whenever they arise.

No upfront or hidden fees for quotes or applications—it's completely risk-free.

‍Request your free quote today.

Yes! We support startups and growing businesses with limited credit history.

Initially, we perform soft credit checks (no impact). Only when finalizing your loan is a hard inquiry made.

‍Apply confidently.

Our process is simple: basic business info and equipment details—minimal paperwork, fast decisions.

Yes, refinancing can lower your monthly payments or provide extra cash flow.

A merchant cash advance (MCA) provides a lump sum in exchange for a percentage of future daily sales — no fixed payment, repayment fluctuates with revenue. Best for businesses with strong daily cash flow.

A bridge loan is short-term financing used to cover an immediate need while longer-term financing is arranged. Mehmi can facilitate bridge financing for time-sensitive equipment purchases.

Yes. Mehmi Financial Group offers franchise financing to help cover equipment, leasehold improvements, and startup costs for Canadian franchise purchases

Invoice factoring broadly means selling receivables for immediate cash. Freight factoring is a specialized version for trucking built around freight bills and BOLs

DSCR is net operating income divided by total debt payments. Most lenders require 1.25+. Use Mehmi's DSCR calculator to assess your position before applying.

Incorporation is not required. Mehmi works with sole proprietors, partnerships, and incorporated businesses — lender requirements vary by deal size and equipment type.

Many lenders prefer 2 years in business, but Mehmi works with lenders who approve startups with as little as 6 months of history, depending on credit and collateral.

Yes. Sole proprietors and owner-operators are among our most common client profiles. Approval is based on personal credit, business revenue, and the equipment being financed

Newcomers and non-residents may qualify depending on residency status, Canadian credit history, and business nature. Contact Mehmi to discuss your specific situation."

Yes, refinancing can lower your monthly payments or provide extra cash flow.

A vendor finance program lets equipment dealers offer financing at the point of sale through Mehmi Financial Group, increasing close rates and reducing buyer hesitation.

Yes. A master lease pre-approves a financing framework so you can add equipment schedules as needed without a full application each time — ideal for businesses with recurring acquisition needs

A $1 buyout lease (finance lease) transfers ownership for $1 at term end with higher monthly payments. A fair market value (FMV) lease offers lower payments with the option to buy, return, or upgrade at term end.

A balloon payment structure features lower monthly payments with a larger lump sum due at term end. Mehmi works with lenders who offer this structure depending on the equipment and borrower profile

Yes. Mehmi Financial Group can structure fleet financing agreements covering multiple units under a single facility with one monthly payment

Asset-based lending uses your equipment, inventory, or receivables as collateral instead of relying on credit scores — ideal for businesses with strong assets but limited credit history

A capital lease puts the asset and liability on your balance sheet with a $1 buyout at term end. An operating lease keeps the asset off your books — you return or buy it at fair market value

A sale-leaseback lets you sell owned equipment to a lender and lease it back immediately, converting a hard asset into working capital without interrupting operations.

Yes, in many cases. Approval after bankruptcy or a consumer proposal depends on discharge date and current credit standing. A larger down payment may be required.

Existing PPSA liens affect lender appetite for additional financing. Mehmi assesses your current lien position and finds lenders comfortable with existing encumbrances where asset values support it.

Mehmi finances Class 8 heavy-duty trucks, medium and light-duty trucks, dump trucks, flatbeds, tankers, reefer units, and specialty vehicles — both new and used, from dealers and private sellers.

Yes. Trailers — dry vans, flatbeds, reefers, step decks, lowboys — can be financed as standalone units through Mehmi Financial Group.

Absolutely. Owner-operators in trucking are one of our most common client profiles across Canada. We match you with lenders who understand the industry

Yes. Mehmi works with lenders who offer seasonal payment structures — lower or deferred payments in off-season months — common in agriculture, landscaping, and construction

Yes. For lower deal amounts, Mehmi can access stated income programs that don't require full financials or tax returns. Approval leans on personal credit and equipment value.

Mehmi regularly finances older trucks and high-mileage units, often up to 15 years old. Condition and maintenance history matter more than a hard mileage cutoff.

Yes. Mehmi has access to lenders who finance specialty and custom-built equipment. Terms depend on the asset's resale marketability.

Titled equipment (trucks, trailers) allows direct lien registration. Non-titled equipment (construction, agricultural machinery) is secured via PPSA. Mehmi works with lenders experienced in both.

Yes. Private sale financing is available. A Bill of Sale and possibly an inspection or appraisal will be required. Mehmi guides you through the full process.

In some cases, yes — primarily for equipment being imported into Canada from the US. Additional import and customs documentation will be required

Yes. Attachments and accessories can often be financed alongside the primary unit or as standalone items. Mehmi bundles attachment financing where possible.

Yes. Mehmi serves the agricultural sector across Canada, financing combines, tractors, grain handling equipment, irrigation systems, and more with seasonal payment options available.

Yes. Mehmi finances diagnostic imaging, dental chairs, lasers, physiotherapy equipment, and other medical devices for healthcare practices across Canada.

Yes. Mehmi finances commercial kitchen equipment, refrigeration, POS systems, and full kitchen buildouts for restaurants and food service businesses across Canada

Yes. Mehmi finances servers, networking infrastructure, POS systems, and select software packages. Technology leasing is popular for its ability to keep equipment current.

Yes. Mehmi serves the forestry, mining, and natural resources sector, financing logging equipment, excavators, crushers, drill rigs, and other heavy industry assets.

Yes. Mehmi serves the aviation and marine sectors, financing commercial vessels, workboats, fishing vessels, and aircraft through specialized lenders.

Your rate depends on credit profile, time in business, revenue, equipment type and age, loan-to-value ratio, and term length. Mehmi shops your file across multiple lenders to find the best rate.

Terms range from 12 to 84 months. Common terms are 36, 48, and 60 months. Longer terms reduce monthly payments but increase total interest paid.

Most equipment financing through Mehmi is structured with fixed monthly payments for predictable cash flow planning. Variable rate options are available through select lenders.

Prepayment penalties vary by lender — some allow early payoff with no penalty, others charge a percentage of the remaining balance. Mehmi reviews these terms with you before finalizing any deal.

Yes. End-of-term options include a $1 buyout, a fixed residual, or fair market value purchase. Mehmi ensures you understand your buyout terms before signing

Residual value is the estimated equipment value at lease end. A higher residual lowers monthly payments but leaves a larger buyout. Mehmi explains the impact on your specific deal.

GST/HST is typically charged on top of your monthly payment as a separate line item. Registered businesses can claim it as an Input Tax Credit (ITC) on their tax return.

Under a loan or $1 buyout lease, you claim CCA on the asset. Under an operating lease, the lessor claims CCA and you deduct lease payments as an operating expense. Consult your accountant.

Yes. Lease payments on qualifying equipment are generally 100% deductible as a business operating expense in Canada, subject to CRA guidelines and lease structure.

Under a loan or finance lease, GST/HST is paid upfront and the full ITC claimed immediately. Under an operating lease, GST/HST is charged monthly and ITCs are claimed incrementally

Commonly required: credit application, government-issued ID, 2–3 years of tax returns, 3–6 months of bank statements, and an equipment quote or Bill of Sale. Deals under $150K often require less.

A Bill of Sale must be signed by an authorized seller representative and confirm the equipment description, VIN or serial number, sale price, and date. Mehmi guides you through lender requirements

The PPSA governs lender security interests in personal property. When you finance equipment, the lender registers a lien in your province that is discharged once fully repaid.

Common equipment is valued using industry guides and market data. Specialty or high-value equipment may require an independent appraisal. Mehmi advises upfront whether one is needed

After approval, you sign the agreement, provide final documents, and the lender funds directly to the seller via wire transfer. Mehmi coordinates every step through to closing

Yes. Mehmi's application process is entirely digital — no in-person meetings required. We serve clients across all Canadian provinces and territories remotely

Yes. Mehmi can issue a pre-approval so you know your budget before shopping. A pre-approval also strengthens your position as a buyer and speeds up closing.

Approval validity typically ranges from 30 to 90 days depending on the lender. Mehmi monitors your timeline and notifies you if a renewal is needed.

If the equipment changes, Mehmi submits an amended deal to the lender. Minor changes require a simple update; significant changes may require full re-underwriting

Mehmi Financial Group is a lender-agnostic broker — we shop your deal across a network of multiple Canadian lenders to find the best rate and terms for your profile.

Mehmi works primarily with Canadian institutional and alternative lenders — specialists in transportation, construction, agriculture, and other equipment-heavy industries

Mehmi acts as a broker, not a direct lender. We submit your deal to the right lenders, negotiate terms on your behalf, and manage the process from application to funding

Yes. Many clients come to Mehmi when their bank declines a deal, for faster approvals, or to compare rates. We complement — not replace — your existing banking relationship.

Yes. Mehmi has access to lenders who specialize in startup financing. Approval typically relies on personal credit, a down payment, and equipment collateral strength.

Yes. Mehmi actively recruits commission-based independent brokers and referral partners across Canada. Visit our Careers page or contact us to learn more

Yes. Mehmi's Vendor Programs allow dealers to offer co-branded financing to customers at point of sale — no lender relationship management required on the dealer's side.

Mehmi starts with a credit application and equipment valuation, submits to refinancing lenders, coordinates payout of your existing obligation, and funds the new facility.

Yes. Refinancing fully owned equipment lets you borrow against its value to generate working capital. Mehmi facilitates this for trucks, trailers, construction equipment, and more

Yes. If your equipment has equity above what you owe, Mehmi can structure a refinance that pays out the existing lender and provides additional cash to you

The existing PPSA lien from the original lender is discharged and a new one is registered by the refinancing lender. Mehmi coordinates the transition between both lenders.

Yes. Mehmi can consolidate multiple equipment loans into a single payment. Eligibility depends on combined loan-to-value and your overall credit profile.

In some cases — but time is critical. A Notice of Default means enforcement has begun and refinancing must close before repossession. Contact Mehmi immediately if you have received one.

Eligible invoices are typically issued to creditworthy commercial or government customers for services already rendered, free of disputes or liens

Eligible invoices are typically issued to creditworthy commercial or government customers for services already rendered, free of disputes or liens

Eligible invoices are typically issued to creditworthy commercial or government customers for services already rendered, free of disputes or liens

Advance rates typically range from 80% to 97% of invoice face value. The remainder, minus the factoring fee, is remitted once your customer pays.

With recourse factoring, you repurchase unpaid invoices — credit risk stays with you. With non-recourse factoring, the factoring company absorbs the loss at a higher fee.

In notification factoring, customers pay the factoring company directly. In confidential factoring, the arrangement is not disclosed. Mehmi matches you with the right level of confidentiality

Minimums vary by provider — some work with as little as $10,000–$25,000 per month. Mehmi matches you with a factoring company aligned to your current volume

Yes. Mehmi serves clients across all Canadian provinces and territories. Our application process is fully remote so location is not a barrier

Most Canadian businesses with at least 6 months of operating history can qualify. We look at your overall business profile — not just your credit score. Even if you've been turned down elsewhere, we likely have a lender who fits your situation.[Find out in 2 minutes — apply now.]

We finance deals starting at $25,000 and going well over $5 million. Whether you need a single piece of equipment or a full fleet, Mehmi can structure the right deal.[Get a quote for your specific amount.]

Not always. Many deals are structured with zero down, but putting capital down can improve your rate and approval odds — especially for used or older equipment. We'll advise you on the best approach for your situation.[Talk to us about your options.]