Equipment Line of Credit

Unlock capital on demand — draw, repay, and reuse funds as needed to manage purchases, repairs, or working capital tied to your equipment.

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Camion disponible à la location au Canada

Options de location flexibles pour faire croître votre entreprise

Le crédit-bail vous permet equipment line of credit (ELOC) gives you a revolving borrowing base secured by your equipment (and often receivables or inventory). You draw funds when needed, pay interest only on the portion used, and repay to free up capacity for future use. It’s ideal for recurring purchases, emergency repairs, or bridging cash flow gaps.
  • Paiements mensuels moins élevés
  • Pas de coûts initiaux massifs
  • Option de mise à niveau, de retour ou d'achat à la fin du bail
  • Disponible pour les camions et l'équipement neufs ou usagés

Prêts d'équipement simples pour la propriété immédiate

1. Liquidity on demand
Have capital ready when opportunity strikes — you’re not locked into fixed payments when you don’t need them.
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‍2. Cost efficient
You only pay interest on what you borrow, not on unused credit.
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‍3. Flexibility for growth
Use it for multiple small purchases, maintenance, or equipment upgrades — draw and repay repeatedly.
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‍4. Reduced reapplication friction
Once your line is established, future draws often require minimal underwriting.
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‍5. Leverage existing assets
Your equipment (or other eligible assets) can secure the line; lessors see lower risk when they have collateral.

‍6. Improved cash flow management
Easily synchronize draws and repayments with seasonal revenue cycles or project timing.
How Much Can You Borrow?
Typical ELOC programs in Canada allow borrowing up to a percentage of your equipment’s appraised value (often 60–80%). Each lender has their own advance rate policy.

Draw limits, renewal terms, and advance rates depend on:
  • Possèdent votre camion ou votre équipement dès le premier jour
  • Modalités de prêt fixes ou flexibles
  • Des tarifs concurrentiels, même pour les petites entreprises
  • Créez des actifs précieux pour votre bilan

Why Choose Mehmi for an Equipment Line of Credit?

At Mehmi Financial Group, we structure revolving credit facilities for Canadian businesses that need flexible, recurring access to capital. Whether you operate in construction, transportation, manufacturing, or medical sectors, we help you leverage your assets for smarter growth.

Our advisors analyze your business performance, asset base, and revenue cycle to tailor an equipment-backed credit facility that fits your unique needs.

‍With Mehmi, You Get:
  • Credit limits up to $500,000+
  • Access to 100+ specialized equipment lenders
  • 24–48 hour approvals for prequalified applicants
  • Transparent terms — no hidden fees or surprises
Finance Smarter — Equipment Line of Credit Made Easy

Des options de prêt flexibles qui vous permettent de prendre la propriété entre vos mains, sans le stress initial. Nous vous aidons à financer des camions, des remorques ou de l'équipement grâce à des approbations rapides et des paiements adaptés à votre flux de trésorerie.access funds instantly without reapplying. Whether you’re financing repairs, upgrades, or inventory, we’ll help you get approved quickly and manage your cash flow effectively.
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Emprunter jusqu'à 500 000$$500,000+

Secured by equipment or A/R

Dénalités jusqu'à 72 mois

Fonds dans les 48 heures
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Approbation de prêts d'équipement lourd Canada

Ce que vous pouvez louer ou financer avec Mehmi Financial Group

We offer equipment financing solutions for businesses across construction, manufacturing, agriculture, medical, and industrial sectors. Whether you’re expanding operations or upgrading outdated gear, we make it easy to finance the tools that power your business.
  • Camions de transport, camions à benne, dépanneuses, fourgonnettes de livraison
  • Lits plats, remorques frigorifiques (frigorifiques), fourgonnettes sèches, remorques spécialisées
  • Matériel de construction : Excavatrices, bulldozers, chargeurs, rétrocaveuses
  • Machines spécialisées : chariots élévateurs, moissonneuses, engins miniers, etc.
  • Medical & Dental Equipment: Imaging machines, treatment chairs, sterilization units, lab devices
  • Restaurant & Food Service: Ovens, mixers, refrigeration, prep stations, fryers
Nouveaux ou usagés — nous vous aidons à trouver les meilleures offres.
Check Out Our Full List of Eligible Equipment

Who Qualifies for an Equipment Line of Credit?

Voici ce dont vous avez besoin :

  • Revenu mensuel de 2 000$ ou plus
  • Preuve de pièce d'identité, de revenu et d'adresse
  • Mauvais crédit ? Pas de problème — nous nous spécialisons dans le bon fonctionnement des approbations

Appliquer en moins de 5 minutes.

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Documents requis

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Preuve d'identité
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Preuve de revenu
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Preuve d'adresse
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Détails du compte bancaire

3 Steps. No Surprises.

The Mehmi Financial Group experience is simple, quick, and customized to your financial needs.
1

Find the Equipment you need

Whether it be an individual's private sale or equipment listed by a dealer, there are numerous options available.
Browse Used Equipment
2

Get In Touch

An all-in-one customer service platform that helps you balance everything your customers need to be happy.
3

Get Approved

Secure approval and funding in as little as 24–48 hours with flexible terms.

Equipment Loan vs Lease vs Line of Credit: What’s Right for Your Business?

Feature Equipment Loan Equipment Lease Equipment Line of Credit
Ownership You own the asset from day one Lender owns asset during term; option to buy No ownership until you make a purchase
Best For Long-term use & building equity Preserving cash & tax flexibility Urgent needs, auctions, and fast-moving purchases
Upfront Costs Low to moderate (down payment may apply) First payment + basic lease fees None until you draw funds
Payment Structure Fixed monthly payments Fixed or variable lease payments Interest-only until drawn, then amortized
End-of-Term Options You own the equipment Renew, return, or buy it out Revolves for future use
Credit Requirements Flexible — options available for challenged credit More lenient for startups and low-credit Stronger credit or collateral often needed
Tax Benefits Depreciation and interest deductible Lease payments may be fully deductible* Interest may be tax-deductible

*Tax benefits depend on structure and jurisdiction. Always consult your accountant.

FAQ: Got Questions? We’re Straightforward.

Can I qualify for an equipment line of credit with limited credit history?

Yes. Mehmi Financial Group helps Canadian businesses of all credit types — including startups, new incorporations, and owners rebuilding their credit. We evaluate your business performance, cash flow, and equipment value, not just your credit score.

How does an equipment line of credit work?

An equipment line of credit provides revolving access to funds secured by your business equipment. You can draw money when needed, repay as revenue comes in, and reuse the available balance — making it ideal for recurring purchases, maintenance, or short-term working capital needs.

How fast can I get approved and access my line of credit?

Most approvals happen within 24–48 hours once documents are received. Funding can be drawn immediately after setup, allowing fast response to business needs, supplier discounts, or repair emergencies.

Can I use the line of credit for both new and existing equipment?

Absolutely. Your line can be secured by owned equipment, new purchases, or private-sale assets. Many clients use it alongside a term loan or lease to improve flexibility and working capital.

Do I pay interest on unused funds?

No. Interest only accrues on the amount you draw from your approved limit — not on the entire facility. This makes it one of the most cost-effective options for managing ongoing expenses.

Can I increase my limit as my business grows?

Yes. Lines are reviewed annually and can be expanded with strong payment history, new equipment, or improved cash flow. Many Mehmi clients double their limits within the first year.

Do you offer other revolving or asset-backed credit options?

Yes. We also structure accounts-receivable lines, inventory credit, and hybrid asset-based lending (ABL) for companies that want to leverage multiple forms of collateral.    

Trusted by Businesses
Across Canada

24–48 hr approval
All credit types welcome
Serving Canada nationwide

Let’s Get You Funded

Ready to secure flexible working capital backed by your equipment? Whether you need funds for maintenance, upgrades, or new purchases, Mehmi Financial Group can help you access revolving credit within 24–48 hours.
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