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Review existing equipment debt
Compare a replacement facility with the remaining balance, settlement costs and terms of the current agreement.
CANADA & UNITED STATES
Equipment Refinancing & Sale-Leaseback
Review whether equipment you already own can support your next business need.
Apply for financing
How equipment refinancing & sale-leaseback works
Refinancing and sale-leaseback are different ways to arrange financing around existing equipment. Refinancing changes or replaces borrowing secured by the asset. A sale-leaseback involves selling equipment and leasing it back, with continued use governed by the lease.
Refinancing and sale-leaseback, explained
Watch the overview, then use the details on this page to compare the structure, costs and information needed for your request.
Availability and terms depend on the business, equipment, location and application review.
Watch video →Start with what the business needs.
Assess available asset value
The amount available depends on valuation, condition, existing debt, transaction costs and program requirements; purchase price alone is not the measure.
Support an operating project
Explain the use of funds and how the new payments fit the business. Consider whether another working-capital structure better matches the need.
Compare the agreement, not just the payment.
Net proceeds
Request a breakdown of valuation, existing debt repayment, fees and cash available after the transaction.
Ownership and continued use
Refinancing and sale-leaseback have different ownership consequences. For a sale-leaseback, review lease obligations and any later purchase option.
Total remaining commitment
Compare new payments, term, final amounts, early repayment or termination costs, insurance and maintenance obligations.
What to prepare
These details help frame the review. Additional documents may be requested for your business, location or proposed transaction.
Asset schedule
Make, model, year, serial numbers, condition, hours or mileage and operating location.
Ownership and current debt
Purchase records, current agreements, payout information and any liens or other security interests.
Business purpose and finances
Use of funds, operating information and financial documents requested for review.
From enquiry to a considered decision.
01 / Share the request
Describe the business, equipment, location and purpose. Include the quote or asset schedule when available.
02 / Complete the review
Respond to requests for documents and clarify the available structure, costs, conditions and any outstanding checks.
03 / Review before committing
Read the written agreement and confirm obligations, conditions and next steps before signing or committing to the purchase.
Canada and United States: confirm the local requirements.
Tell us where your business is registered, where the equipment will operate and the transaction currency. We serve businesses in Canada and the United States; individual products and transaction structures vary by location.
Canada
Include the province or territory, business registration and equipment location. Confirm applicable taxes, documentation and security requirements in the written proposal.
United States
Include the state, business entity and equipment location. Confirm state-specific availability, documentation, taxes and any security requirements before committing.
Equipment Refinancing & Sale-Leaseback questions
Can equipment with an existing loan be considered?
It may be considered, but the existing debt, security and settlement arrangements must be assessed. The net proceeds may differ substantially from the asset valuation.
Do I keep ownership in a sale-leaseback?
A sale-leaseback involves a sale and a lease. Continued use and any route to buy the equipment back depend on the agreement.
Is refinancing always a way to lower costs?
No. A lower periodic payment may extend the term or increase total cost. Compare the full remaining obligation and transaction fees.
Can older equipment be considered?
Provide age, condition, maintenance and usage. Acceptance and valuation depend on the asset and available program.
Can I discuss refinancing before obtaining a valuation?
You can start with the asset schedule, current debt and funding purpose. A valuation, ownership records and other documents may be needed to complete the review. A preliminary discussion is not an approval.
How long will the review take?
Timing depends on the application, supporting documents, equipment and transaction checks. Ask what remains outstanding and when to expect the next update; no approval or funding timeframe is guaranteed.
Explore related financing options.
Use estimates as a planning aid. Actual costs and conditions depend on the written proposal.
Equipment financing calculator →Tell us what you are planning.
Start with the business location, equipment or assets, and the purpose of your request.
Apply for financingFinancing is subject to application review and approval. Availability, terms, costs and documentation vary by product, business and location. This page provides general information and is not a financing offer. Tax and accounting treatment should be reviewed with your adviser.