What Equipment Can You Finance for Your Business?

Wondering what business equipment you can finance? Here’s a helpful list - from trucks and trailers to medical, restaurant, and office gear.
What Equipment Can You Finance for Your Business?
Écrit par
Alec Whitten
Publié le
July 13, 2025

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.

1. Transportation & Commercial Vehicles

This is one of the most commonly financed categories—particularly in logistics, construction, and field service.

Equipment Type Eligible Assets
Heavy Trucks Day cabs, sleepers, dump trucks, vocational units
Trailers Reefers, dry vans, flatbeds, tankers
Light-Duty Vehicles Service vans, pickup trucks, cargo vans
Electric or Hybrid Vehicles EV trucks, battery-electric delivery vehicles

Explore:
How to Get a Truck Loan in Brampton
Truck Loan Approval in Ontario: Documents You’ll Need

2. Construction & Industrial Machinery

Whether you're building homes or grading roads, heavy equipment is essential—and often expensive. Financing makes it manageable.

Type Examples
Earthmoving Excavators, skid steers, bulldozers, loaders
Road & Paving Asphalt pavers, compactors, graders
Jobsite Equipment Dump trailers, air compressors, lifts
Power Generation Generators, welders, lighting towers

Related:
2025 Equipment Financing Options for Small Businesses in Ontario

3. Agriculture & Forestry

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.

Type Examples
Farming Tractors, combines, seeders, balers
Ag-Tech GPS systems, drones, sensors, irrigation
Forestry Skidders, feller bunchers, processors
ATVs & UTVs Used in agriculture, remote site access

4. Medical, Dental & Healthcare Technology

Health practitioners often finance essential diagnostic and treatment equipment due to its high cost and rapid depreciation.

Sector Examples
Medical MRI, CT, ultrasound, patient monitors
Dental Chairs, X-rays, autoclaves, 3D scanners
Aesthetic / MedSpa Laser machines, RF devices, injectables gear
Veterinary X-ray tables, surgical lighting, mobile units

5. Restaurant & Hospitality Equipment

From food trucks to hotels, operators in hospitality frequently use financing to upgrade or replace expensive equipment.

Type Examples
Kitchen Ovens, fryers, dishwashers, walk-in fridges
Service POS systems, patio setups, warming trays
Food Trucks Fully equipped mobile kitchens
Hotel / Venue Laundry, HVAC, cleaning systems

6. Manufacturing & Automation

Financing helps Canadian manufacturers keep pace with global efficiency trends—without draining working capital.

Type Examples
Machining CNC, lathes, mills, presses
Automation Robotics, conveyors, control systems
Fabrication Welders, shears, brake presses
Software & IoT Smart systems, dashboards, production tracking

7. Office, Retail & Technology

Even if you don’t operate in a “hard asset” industry, you may still need equipment that’s eligible for financing.

Sector Examples
Retail POS systems, signage, freezers, racking
IT / Office Computers, servers, networking gear, copiers
Warehousing Pallet jacks, forklifts, barcode systems
Franchises Multi-unit kitchen, HVAC, or delivery gear

Final Word: If It Powers Your Business, You Can Probably Finance It

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.

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