Econolease Financial Services Inc.

Avg. Rating: 5.0 (13 reviews)

Econolease is Canada’s leading provider of financial services to the food service and hospitality industries. From equipment leasing and rentals, to working capital loans and merchant processing, we offer cost-effective solutions to your most important financial service needs.

With offices across Canada and a team of highly trained staff ready to help, contact us today to get started.

Lease. Loan. Rent.

Econolease Financial Services

Think Outside the Bank.

 

Econolease is a member of the Canadian Finance and Leasing Association

 

  • TIME IN BUSINESS: Since 2005
  • # OF CUSTOMERS: Over 15,000
  • LOANS OFFERED: Equipment leasing, Equipment Rental, Working Capital Loans
Visit Econolease

905-475-1479

operations@econolease.com 90C Centurian Drive, Suite 213, Markham, ON L3R 8C5
Call Center: Mon-Fri 9 AM to 8 PM EST
Support Offered:
  • Email Support
  • Call Centre
  • Blog
Availability: All of Canada

Products Offered

Below are all the products offered by this company.

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.

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.

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

Articles About Econolease Financial Services Inc.

By Jared Lindzon

Jared Lindzon is an experienced journalist, writer and public speaker. He specializes in Business, Technology, Lending and FinTech industries in Canada and abroad. Jared is a regular contributor to Smarter Loans and top tier publications around the World, including Fortune Magazine, Fast Company, the Guardian, Rolling Stone, the Globe and Mail, and many more.

Econolease Financial Services Inc. Reviews

Avg. Rating: 5.0 (13 reviews)
Very Professional Service

Great people to work with. Takes the pressure off our shoulders. Eager to help

Leba K.
Great Experience

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.

Michael S.
Excellent Service

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.

Grahme W.
Excellent as always!

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

Mahdia
Thank you Nancy

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 stress free. IF i had to do it again I would definitely look for Nancy, i can’t speak for the company or anyone else; but she was amazing. She is the reason I rated it 5 stars otherwise I would have bothered to review. Thank you Nancy!

Mariana H.
Owner

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.

Patricia S.
These guys are great!

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!

Jamal K.
Dealing with for over 7 years

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 issue or an oversight. Always helpful and supportive. Each time we need something upgraded or replaced I never worry. I know the process will be easy and quick. If there were more stars I would rate Econolease even higher. The best and only way to start a new business is to save your capital outlay for some things and have the support of an excellent leasing company for the other larger expenditures. Thanks so much Econolease...you know who you are.

Jen V.
Our go-to solution for equipment leases

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.

Greg E.
Great Experience

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.

I am getting the best customer service and I wouldn't go with any other leasing company.

I'm very thankful that I have partnered up with econolease and recommend any one to be a part of econolease as well

Thank you econo please for supporting me.

I couldn't be much more happier.

N Chiaa
Great service

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.

Matt
Excellent

Professional, transparent and excellent customer service. Would not hesitate to recommend to anyone. (via Google)

Nicholas
Very happy

I am very happy I got good services from econolease they are great company and helpful and they understand the situation and they make it right decision for support businesses I'm very very very happy specially that agent she was great she was very helpful

Jalal D.

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