Can I refinance equipment I already own in Canada?
Yes. Equipment refinancing — including sale-leaseback structures — advances working capital against the appraised value of equipment your business owns outright or has nearly paid off. The equipment keeps working while the business gets the cash.
Start an applicationEquipment refinancing reverses the usual direction of an equipment loan: instead of financing a purchase, the lender advances funds against assets already on your yard — trucks, trailers, construction machinery, production lines. Because a hard asset with a resale market secures the loan, it is generally cheaper than unsecured working capital for the same business.
The classic candidate is equipment-rich and cash-poor: strong iron on the balance sheet, a thin bank account, and a declined unsecured request. Refinancing also consolidates expensive short-term debt into one structured payment, or funds a contract that requires payroll and materials before the first invoice goes out.
Age limits mirror purchase financing — around 10 years for trucks, 15 for construction equipment, longer for industrial machinery with maintenance records. The advance follows the appraised value, terms run 24 to 84 months, and the number is quoted per file with no application fee and no credit impact.
What each product is for
| Merchant Cash Advance (MCA) | Fast working capital, cash-flow-driven approval |
|---|---|
| Business Line of Credit | Fluctuating cash needs, payroll smoothing |
| Invoice Factoring | B2B businesses with slow-paying clients |
| Equipment Financing | Trucks, machinery, kitchen, construction, tech |
| Bridge Loan | Short-term gap until a known future event |
| Term Loan | Growth, expansion, refinancing |
| Inventory Financing | Buying stock before it sells |
| Purchase Order Financing | Fulfilling a confirmed order you cannot fund |
| Acquisition Financing | Buying a business or partner buyout |