Trusted by More than 2,000,000 Canadians since 2016

Mining Equipment Financing and Leasing

  • chEquipment Loans from $10,000 - $10 Million
  • chRates from 7% APR. Apply Online
  • chDrills, loaders, conveyors & more
up Last updated

June 12, 2025

up Written by:

Amy Orr

up Reviewed by:

Jenna West

Over the past year, the mining industry has been consistently growing in Canada. As of 2016, the mining industry accounted for 19% of the value of Canadian goods exports. As can be expected, companies within this field are looking to ramp their resources to output more in the future. Thus, this is drawing in a lot of interest from potential Canadian mining companies to add additional mining equipment to their roster.

To ease the immediate financial strain, many companies are working with Smarter Loans to finance these pieces of equipment. This is largely due to the lack of interest of working with a traditional route that sometimes lead to extended application times. You won’t experience that here at Smarter Loans. We have made it our mission to only work with mining equipment loan providers that prioritize their customer’s business. Since our policy, Smarter Loans’ customers have only given appreciative feedback about our processing times. Our loan directory is a feature to look forward to with Smarter Loans. By using our directory, applicants can no long waste time deciding on which provider to work with. Say goodbye to spending hours online going through countless websites. When using our through our loan directory, it is simple to look through the interest rates, customer reviews, and offerings of our partners. Everything is now in one spot for you to find, and in a matter of days you will be driving back to your company headquarters hauling your new mining equipment.

If you’d like to jump start your application process, please use the “Apply Now” button. Alternatively, if the process of choosing on your own is still daunting, you can pre-apply at Smarter Loans. We will dedicate our best efforts to pairing you with the best mining equipment loan provider in Canada that is the most compatible for your needs.

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Compare Lenders

AMOUNT
$5,000+
INTEREST RATE
Varies
TERMS
12 - 120 Months
AMOUNT
$15,000 and up
INTEREST RATE
5.5% - 14%
TERMS
12-84 months
AMOUNT
$10K - $1.5M
INTEREST RATE
From 7.99%
TERMS
3 - 24 Months
AMOUNT
$5K - $500K
INTEREST RATE
Varies
TERMS
4 - 12 Months
AMOUNT
$15K - $1M
INTEREST RATE
From 8%
TERMS
3 - 24 Months
AMOUNT
$5K - $500K
INTEREST RATE
From 7.99%
TERMS
6 - 24 Months
AMOUNT
$5K - $50M
INTEREST RATE
From 7%
TERMS
5 - 96 Months
AMOUNT
$5K - $2M
INTEREST RATE
From 7.99%
TERMS
2 - 36 Months
AMOUNT
$3K - $5M
INTEREST RATE
From 13.99%
TERMS
1 - 60 Months
AMOUNT
$2,500 - Unlimited
INTEREST RATE
Starting at 3.9% - 34.9%
TERMS
3 - 240 Months

av
writtenWritten by:

Amy Orr

Amy Orr is a professional writer and editor with over 10 years of experience in the Canadian, U.S. and U.K. financial markets. She has written for numerous publications on topics as diverse as economic literacy, corporate finance, and technical analysis of numerical data. Prior to transitioning to full-time writing, she worked in the hedge fund sector. Her academic background is astrophysics, and she has a Masters in Finance from the University of Edinburgh Business School.

av
writtenReviewed by:

Jenna West

Jenna West is Smarter Loans' in-house financial writer and content director. She has been covering the Canadian FinTech and finance industry since 2017, including financial trends analysis, industry surveys, regulatory updates and changes in Canadian consumer behaviour when it comes to finance.

Awesome G.
04:46 26 Feb 25
I’m very honoured to shear my experience with this illustrious platform. To be able to systematically choose from a list optional to one’s profile without doing much leg work is truly rewarding. This platform allowed to expand my options and chose which lenders fit my profile, thank you and continue doing what you do best,, connecting people to available wealth opportunities.
Pat M.
03:10 26 Feb 25
Good place to get a loan
Chris “Stufphr” H.
02:07 26 Feb 25
When you feel in need of a loan do it smart and make it a Smarter Loans.
Dan Bott (.
01:41 26 Feb 25
Very Helpful, was assisted in a timely fashion and was ultimately able to receive assistance; I highly recommend!!!
joel K.
22:59 25 Feb 25
I have recommended this place to many friends I feel that this company goes out of their way to help people that they can and they are very easy to work with
Nate C.
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.
Vincent J.
07:08 23 Oct 24
Good place for borrowing a bit of money 😁
Kels H.
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 H.
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 S.
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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