Equipment financing in Cambridge
Loans and leases for the assets you run on. NorthMerit matches Cambridge businesses with one financing partner suited to their request.
Key points
- Equipment financing pays for machinery, vehicles or technology, with the equipment itself as security.
- You can take a loan and own the equipment, or lease it for a set time.
- Because the equipment secures the financing, approvals can be easier than for unsecured loans.
- Ask your accountant how a loan or lease affects your taxes.
Equipment financing for Cambridge businesses
Equipment financing covers machinery, vehicles and technology, usually secured by the equipment itself. It lets you put assets to work now and pay for them as they earn.
In Cambridge, it’s common among businesses in manufacturing, logistics and construction. A partner who works locally understands the timing and the risks in those sectors.
What Cambridge businesses use it for
- Trucks and trailers
- Construction and production equipment
- Technology and fit-outs
How NorthMerit can help
Apply once and we’ll connect you with one financing partner who works with businesses like yours. It’s free, and there’s no obligation.
Where to get equipment financing in Cambridge
| Option | How much | What you need | Good for |
|---|---|---|---|
| Equipment financing or leasing | Up to the full cost of the equipment | The equipment secures the loan; a quote or invoice | Machinery, vehicles, technology |
| Canada Small Business Financing Program | Up to $1.15M: $1M in term loans (up to $500K for equipment and leaseholds) plus a $150K line of credit | Revenue of $10M or less; arranged through your bank or credit union; 2% registration fee | Start-ups and businesses short on collateral |
| Bank or credit union loan | Varies with revenue and security | Usually 2+ years of statements, good credit, often a personal guarantee and collateral | Established, profitable businesses |
Free advice: the Waterloo Region Small Business Centre offers free one-on-one consultations, seminars and workshops, with offices in Kitchener, Waterloo and Cambridge. Visit
The City names advanced manufacturing, tourism and creative industries as its key sectors.
What a lender will ask
- The equipment, its cost and the seller
- New or used, and expected useful life
- Your revenue and time in business
Verified before it’s shared
Your business is confirmed against the Ontario Business Registry or Corporations Canada, along with your authority to borrow and your contact details. The partner starts with verified facts.
Learn more about equipment financing
Our full guide explains how equipment financing works, what it costs, a worked example and what lenders look at.
Common questions
Should I lease or finance?
Can I finance used equipment?
Equipment financing nearby
The right financing, from the right partner.
Apply once. One financing partner who knows businesses like yours. Free, with no obligation.
