Businesses considering taking on additional debt due to increasing interest rates might be interested in equipment financing options. Instead of paying a substantial upfront sum, businesses can turn to lenders like Armada Credit Group to acquire equipment such as production lines, trucks, or heavy machinery. This approach can lead to quick productivity gains. Armada Credit Group, led by CEO Danny Lebovics, provides fixed-rate term financing for equipment, typically spanning 48 to 72 months for repayment.
Choosing the smartest loans for you means understanding your options, the debt landscape in Canada, and how the different factors at play can influence your choices. So let’s do that!
“Coming to us is a one-stop shop. We have access to over 40 lenders and that’s across all levels: from the top banks to private lenders. So, with us it’s one application, one set of documents, working with one person.”
We’ve listed out the top six Canadian farming and agriculture equipment brands for the upcoming year so you know who to keep an eye on and what you can expect from each in 2023.
Being the country’s oldest and largest equipment finance broker has its advantages. Founded over 15-years ago, Brampton, Ontario-based Peel Financial has the largest group of credit analysts in the country, offering a wide range of equipment financing options primarily to the trucking and transportation industry.
The bus trade has increased by leaps and bounds since 1662 when Blaise Pascal launched the first horse and buggy bus line. Even the 1830 steam powered bus designed by Sir Goldworthy Gurney would not compare to the 21st century transportation goliaths of the present day.
A broad spectrum of customers either finance or lease equipment for business or personal use. And the list of the variety of equipment available is seemingly endless. The determining factors of whether to lease or finance equipment include a) who is the customer b) what the equipment is needed for and c) how long or how often it will be used.
Learn all you need to know about getting equipment financing in Canada. Pros and cons, how the process works and where to get fast equipment financing.