Equipment financing built for the businesses that keep Montréal and Greater Montréal moving.From transport and warehouse companies near the Port of Montréal to construction contractors, manufacturers, aerospace suppliers, clinics, restaurants and equipment dealers across Québec.Compare equipment financing and leasing options through multiple lender programs, with a clear process from application to funding.
Banks in Canada are slow, structured around large corporate clients, and often decline deals that don't fit a narrow credit profile. A traditional bank approval for equipment financing can take three to eight weeks, requires full financial statements regardless of deal size, and provides one offer from one institution.
Mehmi works differently. We are a financing broker with access to a network of institutional lenders, which means your file is structured to get the best available approval across multiple credit programs, not just one bank's appetite.
Not sure which structure is right for your deal? Read our guide on equipment loan vs lease in Canada before you apply.
The Situation
A precision manufacturing company in Saint-Laurent had been operating for eight years.The business received a new production order and needed a used CNC machining centre to increase capacity. The equipment had a purchase price of $325,000.The company had cash available but did not want to use most of it for the equipment purchase. It still needed funds for raw materials, payroll, freight, installation and operating expenses.
The Challenge
The machine was used and was being purchased from an equipment dealer outside Québec.The lender needed to understand:The machine’s age and conditionIts remaining useful lifeThe sellerThe equipment’s valueHow the new machine would support revenueThe business’s existing debt and cash flowThe seller also needed a timely commitment because other buyers were interested.
The Financing Approach
A complete application could include:Business credit applicationDealer invoiceEquipment year, make, model and serial numberMachine hours and condition reportPhotos or inspectionRecent business bank statementsYear-end and interim financial statementsCustomer purchase order or production contractInstallation and transportation costsProof that insurance could be arranged
Proposed down paymentThe transaction could then be reviewed for a multi-year equipment loan or lease, subject to the lender’s credit decision and final conditions.The Possible ResultOnce the lender approved the transaction and all conditions were completed, the equipment dealer could be paid directly.The manufacturer would receive the CNC machine while keeping more cash available for materials, payroll and the cost of completing the new order.
The Main Lesson
Used manufacturing equipment can be financeable when the business provides clear equipment information, strong supporting documents and a reasonable explanation of how the asset will produce revenue.Credit score is important, but it is not the only part of the application.
This is an illustrative example only. It is not a claim about an actual Mehmi Financial Group customer. Replace it with verified client information before publishing it as a real case study.
Finance Class 8 trucks, day cabs, flatbeds, and trailers with competitive rates and fasr approvals for owner-operators and fleets.
Access fast funding to cover payroll, inventory, or operational gaps. Short-term loans designed around your business cycle, not a bank's timeline.
Already own equipment? Unlock its equity — refinance existing loans or sell and lease back assets to free up capital without losing use of the equipment.
Cover the cost of repairs without draining your cash. From tires and general maintenance to engine overhauls and rebuilds, we offer manageable monthly payment.
Lease construction, manufacturing, oilfield, or medical equipment with flexible terms — preserve cash flow and get the equipment you need today.
Turn unpaid invoices and freight bills into same-day cash. Ideal for trucking companies and logistics operators managing 30–90 day payment terms.
Partner with Mehmi to offer financing directly to your customers at point of sale. Grow your sales, close faster, and let us handle the credit work.
I am really happy with the service that was provided. Communication was great and would refer anyone to get financing/leasing done from them.
Zora helped us finance our fleet of commercial trucks and trailers in Windsor and kept the process clear and organized. We got an pre-approval in about 48 hours, and the terms matched what I needed for cash flow. I’d recommend them to Canadian business owners who want straightforward truck financing.
I had an excellent experience with Mehmi Financial Group! The team made the process of getting qualified for an equipment loan seamless and stress-free. They were professional, responsive, and really took the time to understand my needs. Highly recommend to anyone looking for reliable and efficient equipment financing in Canada!
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