How fast can equipment financing be approved in Canada?

Most equipment files at Nex are approved within 24 hours and funded within 3–7 business days, depending on lender, asset type, and document completeness.

What's the difference between equipment leasing and equipment financing?

A lease keeps the asset on the lender's books while you make periodic payments; you can typically buy out at end of term. Financing is a loan secured by the equipment — you own it from day one and pay it off over the loan term.

Can I finance used or privately-purchased equipment?

Yes. Nex finances used commercial equipment from dealers, auctions, and private sellers, subject to inspection and appraisal where required.

What's the minimum credit score for equipment financing?

Most equipment programs at Nex accept personal credit scores from 600+. Lower scores can still qualify depending on time in business, asset type, down payment, and overall file strength.

Home / Equipment Financing

Core product · Funded across Canada

Finance the equipment. Keep the cash flow.

Trucks, trailers, machinery, restaurant kitchens, medical suites, manufacturing lines, IT, office. New or used. Dealer or private sale. Lease structures and finance structures — whichever serves your tax position best.

Apply for equipment financing See all programs

Term

12–84months

Amount

$5K – $2M+

Down payment

$0 – 20%

Decision

24hours

Lease or finance?

The right structure depends on how you'll use it.

A lease is rarely just a lease. A loan is rarely just a loan. We map your tax position, equipment lifespan, and cash flow profile against four structures and recommend the one that costs you least over time.

Capital Lease

Lease-to-own

Monthly lease payments with a $10 or 10% buyout at end of term. You're effectively buying the equipment — without tying up cash.

Asset on your booksYes

Tax treatmentDepreciation + interest

Best forLong-life assets

Operating Lease

True rental

Use the equipment for the term. Return, upgrade, or buy at fair market value. Lowest monthly payment of any structure.

Off-balance-sheetYes

Tax treatmentFull payment deductible

Best forTech, fleet cycling

Equipment Loan

Term financing

A loan secured by the equipment. You own it from day one. Pay fixed monthly over the term. Equipment is your collateral.

You own it day oneYes

Tax treatmentDepreciation + interest

Best forAssets you'll keep

Sale-Leaseback

Unlock equity in owned gear

Sell your existing paid-off equipment to a lender. Lease it back. Pull a lump of working capital without losing the use of the asset.

Immediate capitalYes

Keep using equipmentYes

Best forCash flow squeezes

Five equipment programs

Whatever the asset, we have a desk that will fund it.

Sale-Leaseback

Convert owned equipment into working capital

Sell paid-off assets to a lender, lease them back, and walk away with cash you can deploy anywhere in the business.

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Used Equipment

Finance used assets — including private-party sales

Banks balk at private-sale used equipment. We have specialty lenders who don't — bring us the listing, we'll fund it.

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Equipment Refinance

Lower the payment on equipment you already own-financed

Restructure existing equipment loans into a longer term, better rate, or consolidate multiple equipment payments into one.

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Repair Loans

Emergency funding for equipment repair

Truck broke down? Compressor seized? Get repair-specific financing approved same-day so you're back in operation by tomorrow.

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Industries we fund

Built for the industries that actually move Canada.

Trucking & Logistics

Trucks, trailers, reefers, lift gates, fleet expansion, owner-operator startups.

Construction

Excavators, loaders, dump trucks, formwork, cranes, attachments. New and used.

Manufacturing

CNC machinery, presses, packaging lines, automation, plant retooling, robotics.

Restaurants & Food Service

Kitchen builds, walk-ins, ovens, POS, refrigeration, ghost-kitchen launches.

Medical & Dental

Imaging, dental chairs, sterilization, clinic build-outs, practice acquisitions.

Agriculture & Forestry

Tractors, harvesters, processors, forestry equipment, irrigation, on-farm storage.

Oil, Gas & Mining

Service rigs, hot-shot trucks, drill equipment, completions gear, support assets.

Office & Tech

IT refresh, software-as-an-asset, AV systems, office furniture, fitouts.

FAQ

Equipment financing, answered.

Most equipment files clear underwriting within 24 hours of a complete submission. Funding follows within 3–7 business days for new equipment, 5–10 days for used or private-sale.

Lease if you want lower monthly payments, the flexibility to upgrade, or you'll cycle the asset before it's fully amortized (tech, vehicles). Finance if you'll keep the asset long-term and want it on your books from day one. Your Nex advisor reviews your tax position and recommends the structure that costs least over total hold time.

Yes. Banks typically restrict equipment financing to authorized dealers. Nex has specialty lenders that fund private-sale used equipment, subject to inspection and appraisal. See our Used Equipment page.

Most programs accept personal credit scores of 600+. Lower scores can still qualify — especially with strong time in business, a meaningful down payment, or premium collateral. We'll tell you straight at intake.

Yes — equipment refinance is one of our most-requested programs. We can extend the term, lower the rate, or consolidate multiple equipment loans into one payment. See Equipment Refinance.

Got a vendor invoice or auction listing?

Send it over with your application. We'll have a decision back to you, usually before the end of the day.

Apply for equipment financing Talk to an advisor