Whether you run a trucking business, a restaurant, a dental clinic, or a warehouse, equipment is the backbone of your operations. But when it comes time to upgrade or expand, many business owners ask the same question:
“Can I finance that?”
The answer is: almost certainly yes.
Today’s lenders support a wide range of business-critical equipment—new, used, or even private-sale. From heavy machinery to small tools, the right financing partner can help you access what you need without a massive upfront payment.
Below is a reference-style guide to help you understand what types of equipment are typically eligible for financing in Canada.
This is one of the most commonly financed categories—particularly in logistics, construction, and field service.
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Whether you're building homes or grading roads, heavy equipment is essential—and often expensive. Financing makes it manageable.
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Farms and logging operations often finance large, seasonal-use equipment that may be idle for part of the year—but is critical during harvest or contract season.
Health practitioners often finance essential diagnostic and treatment equipment due to its high cost and rapid depreciation.
From food trucks to hotels, operators in hospitality frequently use financing to upgrade or replace expensive equipment.
Financing helps Canadian manufacturers keep pace with global efficiency trends—without draining working capital.
Even if you don’t operate in a “hard asset” industry, you may still need equipment that’s eligible for financing.
Whether you’re upgrading old gear or expanding into new territory, equipment financing helps you access what you need without draining your capital.
The best way to know what qualifies? Talk to a specialist who works with businesses like yours.
Need help financing new or used equipment?
Use our calculator or speak to a credit analyst to see what assets you can finance—and how fast you can get approved.