Transport Equipment Financing

‍

Financing Solutions for the Transportation Industry

We offer tailored equipment financing options for trucking companies and logistics operators.

Equipment Leasing : Access modern vehicles without tying up working capital. Lease payments are predictable and may qualify as tax-deductible expenses for your company.

Equipment Refinancing : Unlock capital tied up in equipment you already own. Use funds for expansion, payroll, or maintenance.

Working Capital : Need cash between contracts? Fast access to funds supports your day-to-day operations.

Factoring : Convert unpaid invoices into immediate cash flow. Ideal for carriers dealing with slow-paying customers.

‍

What Transportation Equipment Can You Finance?

Fincap provides financing for a wide range of transportation equipment:

• Tractor units and highway rigs
• Dry van and refrigerated trailers
• Flatbeds and lowboys
• Dump trucks and roll-offs
• Service and cube vans
• Commercial pickups
• Forestry carriers
• Tankers and specialized equipment
• Commercial vehicles

Whether you're acquiring equipment from a dealer or private seller, our team structures the right financing solution for your company.

Why Choose Fincap for Transportation Equipment Financing?

1. 30+ lenders across Canada : Banks, credit unions, and financial institutions compete for your file.

2. Fast approvals : Most equipment financing applications receive a response within 24 to 48 hours.

3. Flexible terms : Financing structures adapted to seasonal revenue and industry cycles.

4. New and used equipment accepted :  We finance vehicles regardless of age.

5. All credit profiles welcome :  Startups and established enterprises can qualify.

Our financial services are built for speed, clarity, and results.

‍
Who Qualifies for Transportation Equipment Financing?

‍

Owner-operators, small fleets, and large carriers welcome. Our equipment financing solutions fit operations of all sizes.

‍

Documents Needed for Your Application Process

• Our credit application form
• Business registration or incorporation documents
• Recent financial statements (for requests over $150K)
• Quote or equipment details and price
• Proof of insurance
• Bank statements (last 3 months)

Our team provides support throughout the financing process.

‍

How Transportation Equipment Financing Works

‍

Typical Transportation Financing Terms

‍

Transportation Industries We Serve

• Long-haul freight carriers
• Regional delivery companies
• Construction haulers
• Forestry operations
• Oil and gas services
• Agricultural transport
• Waste management fleets

From Ontario to Alberta, Quebec to British Columbia, we help businesses acquire the equipment they need.

‍

FAQ About Transport Equipment financing

1. What credit score do I need for transportation equipment financing?

No strict minimum. We work with various profiles and often find financing options even after bank declines.

2. Can I finance used equipment?

Yes. Most of our lender network accepts used equipment that meets condition standards.

Consider your cash flow and how long you'll keep the equipment. Leasing offers flexibility. A loan builds ownership.

3. Are financing payments tax-deductible?

Lease payments often qualify as operating expenses. Confirm with your accountant.

4. Do you work with new companies?

Yes. Startups with solid business plans can qualify for equipment financing.

5. How fast is approval?

Most equipment financing applications get a decision within 24 to 48 hours.

6. What are the benefits of equipment leasing?

Equipment leasing offers several benefits for transportation companies. You preserve financial flexibility by avoiding large upfront costs. Lease payments may qualify as tax benefits since they're often deductible as operating expenses. You also get access to newer vehicles without long-term ownership commitments.

Calculate Your Payment

Use our equipment lease calculator to estimate monthly financing costs.