Equipment Financing up to $5,000,000
Acquire the trucks, machinery, technology, or specialized equipment your business needs — without draining cash reserves. Up to 100% financing with terms structured around your cash flow.
Start an applicationVoxen Capital structures equipment financing for Canadian businesses, starting at $10,000, with up to 100% financing on new or used commercial equipment from any vendor. Terms typically run 24 to 84 months, structured around the equipment's revenue-producing lifespan. The equipment itself serves as collateral, which generally results in better rates than unsecured financing.
Estimate a payment before you apply
Enter the price, down payment, term, the rate on your quote and any buyout. See the monthly payment and total cost of a loan or lease.
What is equipment financing?
Equipment financing is a structured loan or lease used to acquire business equipment — trucks, trailers, construction machinery, manufacturing tools, medical devices, restaurant equipment, IT infrastructure, or any income-generating asset. The equipment itself acts as collateral, which typically results in better rates and longer terms than unsecured financing.
Voxen Capital structures equipment financing from $10,000 to $5,000,000 for Canadian businesses. We finance both new and used equipment from any vendor, with up to 100% financing including soft costs like installation, training, and freight. Terms run from 24 to 84 months, structured to match the equipment's revenue-producing lifespan.
Approval is faster than traditional bank equipment loans — most clients receive a structured offer within 24 hours and complete funding within 3 to 5 business days. We work with your equipment vendor directly to streamline delivery and invoicing.
Best for these business situations
- Acquiring trucks, trailers, or fleet vehicles
- Purchasing construction or heavy machinery
- Manufacturing equipment and production lines
- Medical, dental, or veterinary equipment
- Restaurant equipment and commercial kitchens
- IT infrastructure, servers, and software systems
- Used equipment from auctions or private sellers
- Refinancing existing equipment to release cash
Less suited to
- General working capital needs unrelated to equipment (use a term loan or LOC)
- Equipment outside accepted age limits with no maintenance records
- Pre-revenue startups with no business operating history
- Buyers expecting guaranteed approval or zero-down on every file
How it works
- Choose your equipment — Get a quote from any vendor — new, used, dealer, or private sale. Submit the equipment specs and your basic business info.
- Get structured in 24h — Our team structures the financing — loan vs. lease, term length, down payment — to match your cash flow and tax strategy.
- Vendor paid, equipment delivered — We pay your vendor directly. You take possession of the equipment and start producing revenue while monthly payments begin.
Equipment financing by situation
Heavy equipment financing in Canada
Heavy equipment financing covers the machines that move earth and freight: excavators, dozers, loaders, graders, cranes, and heavy trucks and trailers. Voxen finances them new or used, from a dealer, an auction or a private seller, up to $5,000,000.
Heavy equipment keeps a strong resale market, so it typically supports high advance rates and the longer end of the 24 to 84 month range. Used machines qualify too: the usual limit is around 15 years for construction equipment and 10 years for trucks, and longer for industrial machinery with maintenance records.
For local pages, see equipment financing in Calgary, Edmonton, Toronto and Montréal, or financing across Ontario and Alberta.
Used trucks and trailers
Highway tractors, dump trucks, vocational trucks and trailers are financed new or used, from a dealer, an auction or a private sale. The truck itself secures the financing, so the business does not pledge other assets.
Lenders look at the unit's year, kilometres and condition, the vendor, and the business's history. Trucks are typically financed up to about 10 years old. A down payment of 5–20% may be asked on used equipment over 7 years old, on private sales, or when the business is under 2 years old.
A private sale needs two extra checks: that the seller owns the truck, and whether another lender still has a lien on it. Have the bill of sale and the VIN ready. Fleet owners can also read the trucking industry page.
CNC and manufacturing machines
CNC machining centres, lathes and routers, laser and plasma cutters, press brakes, injection moulding machines, packaging lines and industrial robots are financed the same way: the machine secures the financing, and the payments come out of the work it produces.
Financing can cover up to 100% of the purchase, including delivery, installation, training and software. On production equipment those costs can add a real share to the invoice, so list them on the vendor quote. Industrial machinery with maintenance records can be financed at older ages than trucks or construction equipment.
To see what a machine costs per month against the work it brings in, use the equipment payment calculator.
Equipment loan requirements and documents
Lenders weigh three things: the equipment's value and resale market, the business's cash flow, and the owner's credit. Six months in business is the usual starting point, with 12 months or more for the most competitive pricing, and owner credit of about 600 or higher is typical.
Most files start with four documents, listed below. How underwriting works step by step is in how to qualify for equipment financing, and the full list is on required documents.
- A vendor quote or invoice showing the serial number or VIN
- 3 to 6 months of business bank statements
- The business registration or articles
- The owner's ID and basic personal information
Leasing vs financing equipment
With an equipment loan, the business owns the equipment and pays it off over the term. With a lease, the business uses the equipment for the term and then returns it, keeps leasing it, or buys it out, at fair market value or for $1 on a lease-to-own.
A loan suits equipment you will keep for years; a lease suits equipment that ages quickly. Lease payments are typically deductible as an operating expense, while a loan gives depreciation; your accountant decides which fits your tax position.
The monthly difference comes mostly from the residual: a lease leaves a buyout at the end, so less is paid each month. Set a residual in the payment calculator to see the effect on the payment and the total cost. Full comparisons: equipment financing vs leasing and equipment financing vs a term loan.
Refinancing equipment you already own
Equipment refinancing advances cash against equipment the business owns outright or has nearly paid off, as a loan secured by the equipment or as a sale-leaseback. The equipment keeps working and the business gets working capital.
The amount is set from the equipment's appraised value, not its original price, and terms run 24 to 84 months. It fits a business with paid-off trucks or machinery and a thin bank account, or one replacing expensive short-term debt with one structured payment. The full guide: equipment refinancing in Canada.
Equipment financing structure
| Equipment Value | $10,000 – $5,000,000 |
|---|---|
| Financing Amount | Up to 100% incl. soft costs |
| Term Length | 24 to 84 months |
| Interest Rate | Competitive, equipment-secured rates |
| Down Payment | $0 to 20% depending on profile |
| Structure | Loan, lease, or lease-to-own |
| Equipment Type | New or used, any vendor |
| Time to Funding | 24 hours to 5 business days |
At a glance
| Financing | Up to 100% |
|---|---|
| Equipment Value | From $10K |
| Terms | 24–84 mo |
Frequently asked questions
What kinds of equipment can I finance through Voxen?
Voxen finances any business-use equipment that produces income or supports operations: heavy trucks and trailers, construction machinery, manufacturing equipment, medical and dental devices, restaurant kitchens, IT infrastructure, agricultural equipment, and specialty tools. We finance both new and used equipment from any vendor — dealer, manufacturer, auction, or private sale.
Can I finance 100% of the equipment cost?
Yes, in most cases. Voxen structures up to 100% financing including soft costs like delivery, installation, training, and software. Some lenders may require a down payment of 5–20% depending on the equipment age, your time in business, and credit profile. New equipment from established dealers typically qualifies for full financing.
Should I finance, lease, or lease-to-own?
It depends on your tax strategy and equipment lifecycle. A loan builds ownership and the equipment depreciates on your books — best when you'll keep the equipment long-term. A lease offers lower monthly payments and full deductibility — best for equipment that ages quickly. Lease-to-own combines both: lower payments during the lease, with a $1 buyout at end. Our advisors structure based on your accountant's input.
What rates can I expect on equipment financing?
Equipment financing rates are competitive and structured based on equipment type, age, vendor, time in business, and credit profile. Because equipment serves as collateral, rates are typically lower than unsecured term loans for the same business profile.
Can I finance used equipment?
Yes. Voxen routinely finances used equipment, including auction purchases and private sales. The maximum age depends on equipment type — typically 10 years for trucks, 15 years for construction, and longer for industrial machinery with maintenance records. We can also fund inspections and refurbishment costs as part of the deal.
How fast can I get equipment financing approved?
Most equipment financing applications receive a structured offer within 24 hours. Once you accept, vendor payment and equipment release typically happens within 2 to 5 business days. Time-sensitive deals (auctions, contract deadlines) can be expedited to same-day funding when documentation is ready.
Do I need a down payment?
Often no. Established businesses with good credit and new equipment from approved vendors typically qualify for 100% financing. Down payments of 5–20% may be required for: businesses under 2 years old, used equipment over 7 years, private-sale purchases, or specialty equipment with limited resale market. We tell you upfront what's required.
What happens at the end of the term?
On a loan, you own the equipment outright with no further payments. On a lease, you have three options: return the equipment, refinance the residual to keep using it, or buy it out at fair market value (or $1 on a lease-to-own structure). Most clients with revenue-producing equipment exercise the buyout.
Can I refinance equipment I already own?
Yes. Equipment refinancing — including sale-leaseback structures — advances funds against the appraised value of equipment your business owns outright or has nearly paid off. The equipment keeps working while the business gets working capital secured by it. It's the standard move for equipment-rich, cash-poor businesses, and it is generally cheaper than unsecured financing because a hard asset backs the loan.
Do you finance heavy equipment?
Yes. Heavy trucks and trailers, excavators, dozers, cranes, loaders, and other construction and earth-moving machinery are core equipment-financing assets — new or used, from dealers, auctions, or private sales, up to $5,000,000. Because heavy equipment holds a strong resale market, it typically supports high advance rates and longer terms.