Ends

Canadian Equipment Financing Rates

In the present market, there is a significant difference in Canadian equipment financing rates that can vary from a low of prime plus 3% to 3% a month.

The cheaper money is also going to be harder to qualify for as this comes from banks and they are going to ask for a ton of information before their prepared to issue a commitment.

If you don’t have the time or the patience to work through the bank financing process, the next option tends to be significantly more expensive with rates jumping up to high single digits to double digits, even if you could otherwise qualify for a bank deal.