Time in business:
Customers:
Loans offered:
Products Offered
$1,000 - $1,000,000
6% - 25%
3 - 24 Months
Equipment Leasing
Conditions & Rates
Interest rate 6% – 20% Amount $1,000 – $1,000,000 Term Varies
Eligibility & Documents
Who is eligible
- Must be a Canadian business
- Other conditions may apply
What you need to provide
- Complete online application form
Product Description
Ideal for purchases of fixed capital equipment, large and small. Easy to execute and quick to fund. This product offers the longest terms at the lowest rates. Pricing generally ranges from bank rates to mid-teens based on credit, years in business and overall risk profile.
Equipment Rentals
Conditions & Rates
Interest rate Payment calculated on equipment use Amount $1,000 – $100,000 Term Varies
Eligibility & Documents
Who is eligible
- Must be a Canadian business
- Other conditions may apply
What you need to provide
- Complete online application form
Product Description
If you’re looking for short term financing, lots of flexibility, and affordable weekly payments, rental financing at Econolease is a terrific option. Buy out your contract at any point, penalty free, and 60% of payments collected will be applied as a discount to the purchase price. After 52 weeks, buy-out, return the equipment, keep renting, or flip into a longer-term lease to own contract.
Pricing generally ranges from bank rates to mid-teens based on credit, years in business and overall risk profile.
Working Capital Loans
Conditions & Rates
Interest rate 11% – 25% Amount $5,000 – $100,000 Term 3 – 24 Months
Eligibility & Documents
Who is eligible
- Must be a Canadian business
- At least 1 year in business
- Minimum monthly sales of $12,000
- Other conditions may apply
What you need to provide
- Complete online application form
Repayment & Issuance
How fast can you get the money Under 48 hours Funding method Direct deposit How does repayment work Weekly payments from bank account
Contact information
operations@econolease.com- 90C Centurian Drive, Suite 213, Markham, ON L3R 8C5
Availability:
All of CanadaSupport Offered:
- Email Support
- Call Centre
- Blog
Call Center:
Mon-Fri 9 AM to 8 PM ESTEconolease Financial Services Inc. Reviews
Avg. Rating: 5.0 (13 reviews)
December 13, 2018
“Great people to work with. Takes the pressure off our shoulders. Eager to help”
December 13, 2018
“We've been working with Mike and his team for a decade now. I can strongly recommend him and his team. Easy to work with, and incredibly helpful. His assistance has been critical in both our current and future growth as we scale out our brand.”
December 13, 2018
“This is a top rated company that goes the extra mile for its clients. At all times..the personal touch is what i have come to value. Integrity and constant follow up is important to me. I would highly recommend Econolease.”
January 4, 2019
“Thanks again for the super service! Thats why we continue to work with econolease and not the bank! Awesome service! Never too late to change things and fast! Really satisfied”
January 4, 2019
“This whole process of getting a restaurant together is very stressful and there are some people (most) who make it even more stressful. Either you have to chase them or they are rude. But Nancy was all the opposite. She was an angel. She made it so easy for me so s...”
January 4, 2019
“As a first-time small business owner, Econolease has made the process of purchasing equipment extremely easy and efficient. They are great to work with and would recommend them to anyone who is in need of the service.”
January 4, 2019
“Love you guys! Carly made everything so simple and I'm a very busy guy so that is excellent.! Will definitely be using them more in the future!”
January 4, 2019
“Little did we know when we first opened our small establishment that we would expand and continue to deal with Econolease every step of the way. It was the easiest part of opening the first and then several years later, a second restaurant. Never once was there an ...”
January 4, 2019
“Craig Howell and Econolease have been a convenient and economical solution for a wide range of restaurant, indoor and outdoor equipment leases for our year round resort operation. I would enthusiastically recommend Econolease.”
January 4, 2019
“Econolease isn't just a leasing company but also an experience. They have been with me every step of the way.
Econo lease doesn't just provide you with equipment to start up your Business but also helps you with suppliers and much more.
January 14, 2019
“We enjoyed our experience with Econolease and in particular, the efficient service provided by our account manager, Carlie. The rates were fair and the deal was completed quickly.”
January 14, 2019
“Professional, transparent and excellent customer service. Would not hesitate to recommend to anyone. (via Google)”
