Earthmoving and site preparation
Examples to help describe the request.
- Caterpillar 320 and Komatsu PC210 excavators
- John Deere and Volvo wheel loaders
- Bobcat skid steers and compact track loaders
- Graders and road-building machines
CANADA & UNITED STATES
Construction equipment financing
Put the machine to work with a practical cash plan.
Compare loan and lease structures for excavators, loaders, dozers, skid steers and contractor equipment in Canada and eligible U.S. markets. Mehmi Financial Group acts as a commercial financing broker. Start with the machine's condition, expected hours, attachments and full operating cost.
Discuss your financing needs ↗
Start with the work the asset needs to do.
Machine hours tell only part of the story. Condition, maintenance, attachments and the work it has performed matter. Include transport, commissioning and operator training in the project budget; confirm which costs the financing proposal actually covers.
- Hours, service records and independent inspection
- Attachment compatibility and transport needs
- Project pipeline, seasonality and expected utilization
EQUIPMENT FINANCING, EXPLAINED
▶ Watch video ↗A general introduction to equipment financing. Discuss the specific vehicle and transaction with our team.
Equipment and configurations to discuss.
Site and lifting equipment
Examples to help describe the request.
- Backhoes, dozers and compactors
- Telehandlers and access equipment
- Attachments and eligible specialist machines
- Trenchers and directional drilling equipment
Brands and models are illustrative equipment examples, not a statement of affiliation or guaranteed eligibility. Availability depends on the unit, seller, business and transaction.
Compare ownership, flexibility and cash use.
| Approach | How it works | What to review |
|---|---|---|
| Equipment loan | A purchase financed over an agreed term. | Review security, down payment, total repayment and any final balance. |
| Equipment lease | Use of the asset under a contract with defined end-of-term conditions. | Compare rentals, deposit, buyout or return conditions and residual exposure. |
| Cash purchase | Pay the seller from available business funds. | Compare the upfront cash use with operating reserves and other planned spending. |
A financing label does not determine tax treatment. Canadian and U.S. rules differ, and a lease may be treated differently from a purchase depending on the agreement. Confirm deductions, sales tax and timing with your accountant.
Explore equipment leases ↗ · Compare loan and lease scenarios ↗Tax references: CRA leasing costs ↗ · IRS lease or purchase treatment ↗
Build the budget around a realistic operating case.
A contractor deciding between renting and buying an excavator should estimate the billable days required to cover ownership costs. Include mobilization, storage, maintenance, insurance and idle periods. Use contracted work and a conservative utilization case rather than a fully booked calendar.
This is a planning example, not a customer result or forecast. Compare a base case with lower utilization, slower customer payments and an unexpected repair.
Include more than the purchase price
Check these costs before committing to the asset.
- Deposit, delivery, inspection and setup
- Insurance, registration and operating expenses
- Maintenance reserve, downtime and any final payment
Understand the structure behind the payment.
Loan or purchase-oriented lease
A route to retaining the asset may fit a business that plans to use it for several years.
- Compare the full payment schedule and any final purchase amount.
- Check security, settlement costs and title-transfer conditions.
- Allow for maintenance as the equipment ages.
Use now, decide at the end
Some leases provide a return, renewal or purchase choice. The agreement must actually include the option.
- Review notice periods, return standards and excess-use charges.
- Confirm who determines fair market value.
- Do not assume a lower payment means a lower total cost.
Keep operating reserves in view
Cash ownership avoids a new financing payment but uses funds that may be needed elsewhere.
- Compare purchase cost with payroll and other commitments.
- Set aside maintenance and downtime reserves.
- Review the business effect of a slower-than-expected start.
Plan the handover before the machine arrives.
A construction machine may need attachments, transport, setup or an inspection before it can work. Confirm the supplier’s delivery obligations and the point at which payments begin. If the project depends on a commissioning or acceptance test, raise that requirement during the financing discussion.
- Check what is included in the purchase and what is separately invoiced.
- Understand deposit and cancellation terms before committing.
- Allow time for operator familiarization and the first service interval.
What supports a financing request?
Applications are reviewed using the business, cash flow, credit profile, equipment and proposed transaction. A newer operation, a private seller or an unusual asset may need more supporting information. Explain how the asset will earn or save money and identify current obligations.
Prepare the business location and transaction currency. For cross-border purchases, discuss the seller, asset location, delivery and import requirements before making a non-refundable commitment.
Apply for financing ↗Documents to prepare
Requirements vary by transaction.
- Equipment quote, serial number, year and hours
- Inspection, photos and maintenance records
- Current financials and project pipeline
- Attachment, delivery and existing debt details
From a requirement to a reviewed proposal.
1. Share the requirement
Describe the asset, business location, purchase price and intended use.
2. Review the details
Provide the requested documents. Discuss cost, security, payment timing and conditions.
3. Complete agreed conditions
If approved and you choose to proceed, complete the agreement and required conditions before disbursement.
Questions, answered.
Can I finance auction or private-sale equipment?
These transactions may be considered, subject to the equipment, seller, ownership verification and financing requirements. Share the listing and sale terms before bidding or paying a deposit. An auction deadline does not guarantee financing will be ready.
Is financing available in Canada and the USA?
Mehmi supports business financing requests in Canada and eligible U.S. markets. Product availability, documentation and terms depend on the business location, asset and transaction.
What determines the down payment?
The asset, business profile, credit, valuation and proposed structure may affect the required contribution. Do not assume a zero-down arrangement is available; review the full amount due at signing.
Can I compare a lease with a loan?
Yes. Compare upfront cash, all scheduled payments, fees and the final ownership or return position. Some vehicle leases include residual exposure. Ask how any final adjustment or purchase amount is determined.
How long does a decision take?
Timing depends on the application, requested documents, verification and approval conditions. Identify any seller or project deadlines early. A discussion or application is not a commitment to fund.
Can I sell or settle the financing early?
Review the contract first. Settlement costs, security releases, notice requirements and restrictions can differ. Request a written payout figure before selling, trading or refinancing the asset.
Guides for your next step.
Heavy Equipment Financing Approval Checklist (Canada)
A Canadian guide to the documents, costs and decisions behind a financing request.
Used Equipment Financing Canada Guide
A Canadian guide to the documents, costs and decisions behind a financing request.
These articles focus on Canada. Requirements for U.S. transactions may differ.
Browse all financing articles ↗Discuss construction equipment financing with a Mehmi office
Bring the equipment quote, model and serial number, age, hours and inspection details. Include attachments, delivery and setup in the budget. Our city pages provide office contact details and local equipment financing information.
- Vancouver equipment financing and office details
- Montréal equipment financing and office details
- Mississauga equipment financing and office details
- Edmonton equipment financing and office details
- Calgary equipment financing and office details
Office hours are daily, 8 AM to 9 PM in each office's local time. Meetings are by appointment. Call 1-833-863-4644 before visiting. Eligible U.S. businesses can use our main contact page.
Tell us what your business needs.
Share your location, amount and purpose to begin a financing discussion.
Apply for financing ↗Financing is subject to application review and approval. Availability, costs, terms and documentation vary by business, product and location. This page provides general information and is not a financing offer.