Borrow against equipment you own · Consolidate multiple payments into one · Keep using the equipment throughout
Free up cash or lower your payments on equipment you already own.
Borrow against equipment you own
$2,115/month over 48 months
Example only, not a quote. Your rate depends on credit, time in business and the equipment's value.
Continue to applicationThe short answer
Equipment refinancing lets you borrow against equipment your business already owns, or restructure existing equipment payments into terms that fit the business today. It suits owners with equity in trucks, machinery or other equipment who need working cash or want to combine several payments into one. The equipment stays on your site and keeps working throughout.
A sale-leaseback or equipment refinance is often one of the quicker ways for an equipment-owning business to raise a larger amount: the asset already exists, its value can be verified, and it never leaves your operation. The lender advances funds against current market value, and you repay on a fixed schedule.
Refinancing is also the practical fix when older financing no longer fits, whether that’s a higher-rate agreement signed in a tighter period or several scattered payments that would be easier to manage as one.
Why CBL
Equity in owned equipment can support larger advances than unsecured products.
The equipment stays on your site and in service throughout.
Combine several equipment payments into a single monthly payment.
Replace older, higher-cost financing when current terms work better for you.
Our partners
Banks, credit unions and specialty lenders across Canada. We match your file to the ones that fit it.
How it works
Make, model, year, hours and any remaining balances.
The lender confirms the market value and any existing liens.
Once the approval is signed, any existing liens are paid out and the funds are advanced to you.
Eligibility
Requirements vary by program. Not sure you qualify? Apply and a person at CBL will review your file.
FAQ
It depends on the equipment’s current market value, age and condition, so the amount is set once the lender has a valuation. Assets with a strong resale market, such as trucks, trailers and construction equipment, generally support the most. CBL arranges funding up to $1,000,000.
Yes. A refinance or sale-leaseback is handled on paper, and the equipment stays in your operation throughout.
Operating lease payments on business equipment are generally deductible as an operating expense. Equipment you own or finance is instead written off through Capital Cost Allowance (CCA), with interest deducted separately. The treatment depends on how the lease is structured, so talk to your accountant; we can provide whatever documentation they need.
Start your application
Apply in one sitting. Approvals can come the same day. Questions? Call 877-522-2498.
Start your application
