Equipment refinancing

Turn paid-off equipment into working capital. You keep the equipment and keep using it.

Apply now Or call(514) 648-8487

At a glance

Equipment: Paid off in whole or in part
You keep: The use of your equipment
Appraisal: We help you appraise your equipment

$550,000 Example: the built-up value of a fleet appraised at $640,000, with a $90,000 balance

Refinancing paid-off equipment

For many trucking and construction businesses, the fleet is the largest asset on the balance sheet.

Refinancing turns part of that value into working capital, and you keep using the equipment.

What is equipment refinancing?

Refinancing means obtaining new financing using equipment you already own, in whole or in part, as security. You keep the equipment; its value, until now tied up, becomes available as cash.

It serves growth as much as cash flow: expanding, getting through a slow period, seizing an opportunity or consolidating costlier debt.

Your equipmentIts type, age and current market value.
The existing balanceIf financing remains, its balance and its lender.
The amount soughtWhat your business needs, and what for.

Knowing what your equipment is worth

Before refinancing, you need to know what your equipment is worth. We help you appraise it: it is the starting point of any refinancing.

Market value, remaining balance and the age of each piece of equipment then determine the share that can be refinanced.

Start your file

Enter the amount you have in mind and we will call you back to complete the file. Free and without commitment.

Or call (514) 648-8487

Financing file No commitment

Amount to be determined

Free quote, several lenders compared.

Frequently asked questions

Another question? Call (514) 648-8487.

All questions

Can equipment that is still financed be refinanced?

Yes, depending on the remaining balance. Fully paid equipment offers the most room, and equipment still under financing can also be considered. See refinancing.

What share of the value can be refinanced?

It varies from one lender to another, based on the type, age and market value of the equipment. We compare lenders and present the one whose conditions best match your situation.

Can you appraise our equipment?

Yes. We help you appraise your equipment, for example before a refinancing.

Can payments follow a season?

Some lenders offer structures suited to seasonal businesses. Conditions vary by lender and by file, and we will tell you what applies to yours.

What documents do we need to provide?

It varies by lender and by how long your business has been operating. Generally: information about the business, the equipment you are looking at and its price. One call is enough to know exactly what applies to your file.

Let's talk about the value of your equipment

(514) 648-8487

Monday to Friday, 8 a.m. to 5 p.m.
Toll-free (800) 663-8487

Apply now