Heavy Equipment, Manufacturing & Truck Financing Solutions
Construction Equipment Financing
Explore financing for excavators, bulldozers, loaders, cranes, forklifts and other heavy machinery. Equipment loans and leasing options are available for eligible new and used equipment.
Manufacturing Machinery Financing
Finance CNC machines, production lines, automation systems, fabrication equipment and industrial machinery. Explore purchase, leasing and refinancing solutions for eligible manufacturing assets.
Truck & Trailer Financing
Explore financing for semi-trucks, commercial trailers, dump trucks, vocational trucks and fleet expansions. Loan, leasing and refinancing options may be available for eligible commercial vehicles.
Explore Our Heavy Equipment & Commercial Machinery Financing Solutions
Heavy Equipment Financing in Canada helps businesses buy, lease or refinance equipment used in construction, manufacturing and transportation. Whether you need an excavator, CNC machine, commercial truck or trailer, True North Financing helps you explore available funding solutions. We work with businesses across Canada to review equipment loans, leasing and refinancing options through participating lenders.
We help business owners compare available financing structures based on equipment type, purchase price, age, business cash flow, available equity and repayment requirements. Options may include equipment loans, equipment leasing, refinancing and other asset-backed financing arrangements.
Heavy Equipment Financing for Construction Businesses
Construction companies and contractors often need expensive equipment to complete projects and expand operations. Financing may help eligible businesses spread equipment costs over an agreed repayment period rather than paying the full purchase price upfront.
Explore financing for excavators, backhoes, bulldozers, wheel loaders, skid steers and other earthmoving equipment used in construction, excavation and site development.
Financing may be available for mobile cranes, forklifts, telehandlers, aerial lifts and specialized equipment used in construction sites, warehouses and industrial facilities.
Depending on lender programs, eligible assets may include graders, compactors, paving machinery, tractors and specialized machinery used in infrastructure, agricultural or contracting operations.
Manufacturing & Industrial Machinery Financing
Manufacturing equipment can represent a substantial capital investment. Our financing solutions help eligible businesses evaluate machinery purchases, upgrades, automation projects and production expansion while managing working capital.
Explore financing for CNC milling machines, lathes, laser cutting equipment, press brakes, machining centres and other precision manufacturing assets.
Financing options may support assembly lines, robotic systems, packaging equipment, conveyors, automation technology and machinery used to increase production capacity.
Explore financing for welding machinery, metal fabrication equipment, industrial compressors, material processing systems and other qualifying business-use machinery.
Commercial Truck & Trailer Financing
Transportation companies, owner-operators and fleet businesses may need financing to acquire or replace commercial vehicles. Available programs depend on the vehicle, its intended business use, business financial performance and lender eligibility criteria.
Explore financing for new or used commercial tractors, highway trucks and qualifying owner-operator equipment. Lenders may review driving and operating experience, revenue, contracts and the proposed vehicle purchase.
Financing may be available for dry vans, refrigerated trailers, flatbeds, dump trailers, tank trailers and other specialized commercial transportation assets.
Explore financing for dump trucks, concrete trucks, service vehicles, vocational trucks and multi-vehicle fleet purchases. Requirements may differ for new companies and established fleet operators.
Equipment Loans, Leasing & Refinancing Options
Different equipment financing structures serve different business needs. We help you evaluate the available options, understand their costs and review important repayment conditions.
An equipment loan can help finance eligible machinery or commercial vehicles over an agreed term. Ownership, security interests, repayment terms and down payment requirements depend on the financing agreement.
Leasing may allow a business to use equipment while making scheduled payments. Depending on the agreement, end-of-term options can include purchase, renewal or return of the equipment.
Eligible businesses that already own equipment may be able to explore asset-backed refinancing. Lenders consider the equipment’s current value, condition, existing liens, ownership and overall borrower qualifications.
Financing options may be available for qualifying new and used equipment. Age limits, inspection requirements, vendor qualifications and maximum repayment terms may vary by asset and lender.
Benefits of Equipment Financing
- ✓ Preserve working capital: Spread eligible equipment costs over time instead of making one large upfront payment.
- ✓ Support business expansion: Explore acquiring more equipment to take on new projects or increase production.
- ✓ Replace aging assets: Evaluate upgrading machinery, trucks and other business equipment.
- ✓ Review flexible structures: Compare available loan or lease terms and payment schedules that may align with business cash flow.
- ✓ Explore multiple lenders: Review potential financing solutions from banks, credit unions and alternative financing providers.
Equipment Financing Eligibility & Required Documents
Equipment financing approval depends on the lender and transaction. For example, an established manufacturer buying a CNC machine may have different documentation requirements than a new owner-operator purchasing a commercial truck.
Lenders may request the following information:
- ✓ Business registration, ownership information and operating history.
- ✓ Business financial statements, bank statements and tax documentation, where applicable.
- ✓ Details of the equipment, including make, model, year, condition and intended use.
- ✓ Equipment quotation, purchase agreement or supplier invoice.
- ✓ Credit history, existing debts and other financing obligations.
- ✓ Available down payment or equity contribution, if required.
- ✓ Business contracts, revenue projections or operating experience, where relevant.
- ✓ Equipment inspection, appraisal or insurance information, if requested by the lender.
Our Equipment Financing Process
Tell us what equipment you need, its estimated purchase price, whether it is new or used and how it will support your business.
We review your business circumstances and the available information to identify financing structures that may fit your needs.
Depending on your eligibility, we help explore possible loan, lease or refinancing options and explain the proposed terms, fees and repayment requirements.
If you proceed, the lender reviews the formal application and supporting documents. Funding is arranged only after approval and satisfaction of the financing conditions.
Important Equipment Financing Considerations
Rates, fees and overall borrowing costs depend on creditworthiness, collateral, the asset, lender policies and financing structure. Compare the total cost rather than only the monthly payment.
A down payment may be required. Used or specialized equipment may also be subject to age restrictions, inspections, appraisals and shorter repayment terms.
Review who is responsible for insurance, maintenance, repairs and taxes. Understand ownership and end-of-term obligations before entering a lease or loan agreement.
Choose a repayment structure your business can support. Consider seasonal revenue changes, maintenance expenses and future replacement needs when assessing affordability.
Explore Related Business Financing Solutions
Businesses may also benefit from our Industrial & Warehouse Financing, Commercial Mortgage Financing, Business Loans & CSBFP Financing, and other commercial financing solutions.
For additional information about business financing in Canada, visit the Business Development Bank of Canada (BDC).
Financing Disclaimer: All financing options are subject to lender review, credit approval, equipment eligibility, applicable fees and financing conditions. Rates, terms, down payment requirements and funding timelines vary. Information on this page is general in nature and does not constitute a financing commitment or guarantee of approval.
Frequently Asked Questions
Financing may be available for excavators, bulldozers, loaders, cranes, forklifts, CNC machines, manufacturing equipment, commercial trucks, trailers and other eligible business-use machinery. The equipment's age, condition, value and intended use can affect available financing options. True North Financing helps businesses explore equipment loans, leasing and refinancing through participating lenders.
Yes. Financing may be available for both new and used construction equipment, including excavators, loaders, bulldozers, cranes and other heavy machinery. Used equipment may require inspections, appraisals or larger down payments. Lenders also consider the equipment's age, condition, purchase price and expected useful life before determining available terms.
An equipment loan generally allows a business to purchase eligible equipment and repay the borrowed amount over an agreed term. Equipment leasing allows a business to use equipment while making scheduled payments under a lease agreement. Depending on the lease, end-of-term options may include purchasing, returning or renewing the equipment. The best structure depends on business cash flow, ownership objectives, financing costs and lender requirements.
Some lenders may consider applications from startups, newly established transportation companies and first-time owner-operators. Approval typically depends on personal credit, industry experience, available down payment, projected revenue, existing contracts and the commercial vehicle being purchased. Established businesses may have access to different financing programs based on their operating and financial history.
Yes. Eligible manufacturing businesses may explore financing for CNC machines, production lines, robotic systems, automation equipment, metal fabrication machinery, packaging systems and other industrial assets. Available options may include equipment purchase loans, leasing and refinancing. Lenders assess the equipment's value, supplier, business financial performance and proposed repayment structure.
Down payment requirements vary depending on the lender, equipment type, purchase price, age, business experience and credit profile. Some qualifying transactions may be eligible for higher financing percentages, while used or specialized machinery may require a larger contribution. True North Financing can help review available options and explain the applicable financing requirements.
Equipment refinancing may be available for eligible assets that a business already owns. These can include construction machinery, manufacturing equipment, commercial trucks and trailers. Depending on the lender, refinancing may help restructure existing financing or access available equipment equity. Lenders review asset valuations, outstanding liens, ownership documentation, creditworthiness and repayment capacity.
Equipment financing timelines depend on the lender, transaction complexity, equipment type and completeness of the application. Straightforward purchases may receive decisions faster than specialized manufacturing machinery, used equipment requiring appraisals or multi-vehicle fleet purchases. Final funding depends on lender approval, completed documentation and satisfaction of all financing conditions.