What credit profiles do you consider?

We work across a wide range of credit profiles, including thin files and past challenges, with stronger terms for higher-quality files.

Do you finance used equipment and private sales?

Yes - new, used, dealer, and private-sale equipment are all considered, subject to appraisal and approval criteria.

What documents are needed?

Typically a completed application, government ID, 3-6 months bank statements, invoice/quote, and equipment details; additional items may be requested.

Which regions do you serve?

Nationwide across all Canadian provinces and territories, with high coverage in ON, QC, AB, and BC.

Can I unlock cash from owned equipment?

Yes - our sale-leaseback program lets you access equity tied up in owned assets to improve cash flow.

Equipment Financing & Leasing North America

Q: How fast can I get approved and funded?

Most complete equipment files receive same-day pre-approval, with typical funding in 24-48 hours.

Google Reviews

Leave us a Review!

I am really happy with the service that was provided. Communication was great and would refer anyone to get financing/leasing done from them.

Harpreet Basi

1 weeks ago

Zora helped us finance our fleet of commercial trucks and trailers in Windsor and kept the process clear and organized. We got an pre-approval in about 48 hours, and the terms matched what I needed for cash flow.

Emily Shleyfman

2 weeks ago

I had an excellent experience with Mehmi Financial Group! The team made the process of getting qualified for an equipment loan seamless and stress-free. They were professional, responsive, and really took the time to understand my needs.

Azaan Popat

3 weeks ago

I refinanced our equipment with flexible terms and a lower down payment, even when the banks wanted me to put much more up front. Great company to work with.

pierina pezan

3 weeks ago

We set up a vendor program with Mehmi Financial Group so we can offer leasing to our customers at the point of sale. David guided us through the whole process, explained everything and made it easy for our customers to get approved without delays.

Aaron Vasant

3 weeks ago

Mehmi Financial Group helped our Ontario business get equipment financing quickly and with minimal back-and-forth. Clear guidance, responsive team, and terms that fit our budget.

Sterling Phoenix

4 weeks ago

4.8

from over

Reviews

Frequently Asked Questions

How fast can I get approved and funded?

Most complete applications, for equipment or business financing, get a decision in 1 to 2 business days, and the money usually lands 1 to 2 days after you sign. A bank can take weeks. What slows a deal down is paperwork, not the lender. Have three to six months of business bank statements (PDF works best) ready before you apply. For equipment financing, add the equipment quote or invoice and proof of insurance. Buying used or from a private seller? Give it another day or two for the lien search and the VIN or serial number check.

What credit score do I need for equipment financing?

There's no single cutoff, and it depends on which type of financing you're after. For equipment financing, many lenders like to see 600 to 650, and 700 or higher opens up the best rates, because the equipment itself backs the loan. For business financing, like a working capital loan or line of credit, lenders lean more on your revenue and cash flow than the score alone, since nothing physical secures the deal. In Canada, lenders pull Equifax or TransUnion. In the US, it's usually your FICO score plus your business credit. A rough score doesn't sink a strong file either way.

Can I get financing with bad credit, or after my bank said no?

Yes, and a bank decline isn't the end of the road. Banks run on rigid rules. The lenders we work with look at the deal itself: for equipment financing, that's the asset, your recent deposits and what the machine will earn. For business financing, it's your cash flow and revenue trend. Startups, owner-operators with thin files, seasonal businesses and companies with tax debt on a payment plan all get funded. The trade-off is usually a bigger down payment on an equipment deal, a shorter term, a personal guarantee or extra collateral.

How much of a down payment do I need?

This one's specific to equipment financing. A working capital loan or business line of credit doesn't ask for a down payment at all, since there's no asset to put money against. For equipment, expect anywhere from nothing to about 20 percent for a solid file. Strong credit and an established business can qualify for 100 percent financing. Newer business, weaker credit, used equipment or a truck? Plan on 10 to 25 percent. A bigger down payment lowers your monthly payment and improves your odds. Leases often swap the down payment for the first and last payments up front instead.

What are the rates right now?

Equipment financing for strong-credit businesses often lands between 6 and 14 percent, since the asset secures the loan. Fair credit or a newer business usually runs 8 to 18 percent. Business financing without a hard asset behind it, like working capital or a line of credit, tends to price higher for the same credit profile, because the lender is taking on more risk. Either way, don't stop at the headline rate. Ask for the full cost: total interest, any origination or document fees, early payout terms and, on a lease, the buyout at the end. Getting a quote costs nothing.

Should I lease or buy equipment?

This question is only about equipment, not business financing generally. Buy if you'll keep the equipment for years and want to own it. Lease if you want lower payments, replace equipment often, or need to keep cash free for other things. With a loan, or a conditional sales contract in Canada, you make fixed payments and own the asset at the end. A lease usually costs less each month, but the ending matters. A $1 buyout lease leaves you the owner. A fair market value lease has the lowest payment, but you pay again to keep the equipment. Tell us how long you plan to run it and we'll price both side by side.

Do you finance in both Canada and the United States?

Yes, both. We fund equipment financing and business financing, like working capital and lines of credit, across Canada and the US, and the process looks the same on both sides of the border: apply, get matched with lenders, review your options, sign and fund. The paperwork differs. Canadian lenders register their interest in financed equipment under the PPSA, or the RDPRM in Quebec, while US lenders file a UCC financing statement. Credit checks differ too, with Equifax and TransUnion in Canada and FICO plus business credit in the US. Tell us where your business and, if it applies, the equipment are located when you apply, and we'll take it from there.

What is Mehmi's vendor program?

If you sell, manufacture or distribute equipment, our vendor program lets you offer your customers equipment financing right at the point of sale. Think of how a car dealership handles it: your customer picks the equipment, fills out a short application and gets a decision without leaving your showroom or website. We assign a credit analyst to your deals, match each customer with the right lender and handle the paperwork. Approvals come back in 24 to 48 hours, and you get paid when the deal closes. There's no setup cost, and the financing sits with the lender, not on your books.

Difference between equipment and business financing?

Equipment financing buys a specific asset, like a truck, a machine or a piece of kit, and that asset secures the loan. Because of that, it comes with a down payment, and the equipment itself is what a lender registers a lien against. Business financing, like a working capital loan or line of credit, covers everything else: payroll, inventory, taxes, marketing or seasonal gaps. Nothing physical backs it, so there's no down payment, but it also means the rate usually runs a bit higher and the lender leans more on your revenue and bank statements. If you're buying something specific, look at equipment financing. If it's cash flow you need, look at business financing.

What documents do I need to apply?

Both types of financing ask for the same starting point: three to six months of business bank statements and government-issued ID. From there they split. For equipment financing, add the equipment quote or invoice with specs, price and serial number, plus proof of insurance before funding. For business financing, like working capital or a line of credit, lenders look more closely at your revenue trend and may ask for recent financial statements or tax returns instead of an equipment quote, since there's no asset to document. A short paragraph explaining how the money, or the equipment, will help your business earn more never hurts either way.

Fast, Flexible and Easy Equipment and Business Financing Across North America

What we do

Equipment Financing

Business Loans

Embedded financing

Refinancing & Sale Leaseback

Invoice & Freight Factoring

Who we serve

Transportation & Logistics

Construction & Contractors

Manufacturing & Wholesale

Medical, Dental & Health Wellness

Farming & Agriculture

Technology & Business Services

Forestry, Mining & Energy

Aviation & Marine

Restaurant, Hospitality & Food Service

“Mehmi Financial Group made equipment financing fast and found us a flexible solution when banks couldn’t.”

Why North American Companies Choose Mehmi Financial Group

Our Process

What Our Clients Say

Frequently Asked Questions