Equipment Loans in Ontario
Equipment loans in Ontario and throughout Canada allow for the financing of the equipment a company needs for their day to day operations. This allows the owner to receive control of the equipment, and quickly use it to generate revenue, which is then used pay for the equipment.
A significant benefit of Ontario equipment loans is that many times – and for all non-recourse financing – there is no additional collateral required. The equipment being purchased serves as the collateral for the loan, which makes this financial vehicle perfect for small business owners who have been denied a business loan from another lender. In addition, equipment loans tend to be much faster than other asset-based loans, allowing companies to move quickly on getting the material they need to operate.