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Equipment Upgrades and Repairs Financing

Repair or replacement of the old equipment, can create a serious burden on your business cash flow. However, there is a number of financing options available on the market that can help you cover your immediate equipment repair expenses.

At Smarter Loans, we connect you with a plethora of equipment repair and upgrade loan lenders, offering the most affordable rates and loan terms. We’ve successfully helped countless other businesses acquire the financing they need to repair or upgrade their equipment. View the table below to access top Canadian loan lenders and select the best financing option for your business needs.

Once you are ready to proceed in applying to one of these equipment repair loan providers, click “Apply Now” beside their name. Alternatively, if you feel that you do not have ample time to tackle this research, pre-apply with Smarter Loans and we’ll handle the selection for you.

We can help connect you with the top equipment repair financing providers in Canada.

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Top Equipment Upgrades and Repairs Financing Providers in Canada

Company
Amount
Interest Rate
Reviews
Terms
$5,000 - $500k
Varies
6 -12 months
$15,000 - $1 Million
Starting at 8%
3 - 24 Months
$10,000-$1.5M
Starting at 7.99%
3-24 months
$5,000 - $500,000
Varies
4 - 12 months
$5,000-$300,000
Starting at 7.99%
Fixed, 4-18 months
$5,000 - $500,000
Starting at 7.99%
6 - 24 Months
$500 to $300,000
Starting at 8.39%
2, 3, 4, 6, 9, 12, 18 or 24 month terms
$5,000 - $50M
Starting at 7%
5 - 96 months
$5,000 - $300,000
Starting at 7.99%
3 - 12 months
$5000 - $800,000
Starting at 7.99%
6 - 24 Months
$10,000 - $250,000
Varies
3 - 12 months
$250 - $1,000,000
Starting at 10%
3 months - 60 months
$5,000 - $250,000
Varies
N/A

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Can I get a loan for equipment repair/upgrade with no money down?


Most equipment repair or upgrade loans require a proportion of the cost of the equipment as a downpayment – typically around the 20% mark. However there are options if your business has no money to put down. You may have to provide a greater level of collateral against the loan, or pay a higher interest rate.

How much money can I get with an equipment repair/upgrade loan?


Equipment repair and upgrade loans come in a variety of sizes, and businesses may be eligible for anything from $5000 upwards, depending on financial circumstances and needs. In Canada, equipment repair loans represent the largest proportion of business assets financed by external lenders.


What our users think...

4.5
Based on 138 reviews
powered by Google
Nate CampeauNate Campeau
13:22 27 Oct 24
This company is reliable, quick, and just has the best customer service and rates it is a easy process with quick results. Would definitely recommend to anyone that needs the help.
Bles4lif Pro-DreBles4lif Pro-Dre
19:29 23 Oct 24
Vincent JohnsonVincent Johnson
07:08 23 Oct 24
Good place for borrowing a bit of money 😁
Kels HillKels Hill
06:41 23 Oct 24
Personally love this opportunity and app. Super convenient and easy to use and super awesome variety of great loans. Thanks so much guys for making such an awesome site and app and being there for me over the years. :)
Tara HartTara Hart
16:23 16 Oct 24
From beginning to end, my experience was great! Very professional and personable agents. They only asked questions that were needed for the loan and payments were extremely reasonable. Would recommend to anyone who needs emergency funds.
A ScottA Scott
19:43 11 Oct 24
“ Thank you SO very much! My situation was tricky and you guys made the whole process so effortless. The way you guys handle the whole process so discreetly. That truly speaks to how well your office is run and the caliber of specialists who handled the processing of my entire loan!”
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