Frequently asked questions

You may still qualify, though challenged credit usually changes the structure of the deal, for example a larger first payment or additional security. As a broker, we can take your file to other lenders when one says no.

It depends on your credit, time in business and the equipment, and zero-down options are available for qualifying businesses. Newer businesses or challenged credit more often see a first-and-last payment or a larger deposit. Equipment with strong resale value, such as trucks and construction equipment, can help reduce what you put down.

Factoring costs a discount fee on each invoice, and the rate depends on your volume and how quickly your customers pay. A useful comparison is the revenue you would give up by turning down work you cannot float until customers pay. We can model the cost on your actual receivables.

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.

The main difference is what you deduct: with financed equipment you claim CCA and deduct the loan interest, while lease payments are typically deducted as an operating expense. Which works out better depends on your profitability, province and asset class. Your accountant should make the final call.

Usually yes: in standard (notification) factoring, your customers send their payments to the factoring partner. This is routine in industries like transportation and construction. Where discretion matters, non-notification facilities are available for qualifying businesses.

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.

Approvals can come the same day for complete files, with funding following once the paperwork is signed. Having recent business bank statements ready keeps things moving. To qualify for working capital, your business needs monthly revenue over $15,000.

It depends on the need: a working capital loan suits a defined, one-time expense, and a line of credit suits costs that come and go. The loan gives you a lump sum that pays down on a fixed schedule. A line stays open to draw, repay and draw again, with interest only on what you use.

Leasing usually suits businesses that put cash flow and flexibility first, while a loan suits businesses planning to own the equipment long term. Lease payments are often lower, and end-of-term options let you upgrade or buy. A loan builds equity and lets you depreciate the asset. We can lay out both structures side by side so you can compare real numbers before deciding.

You agree on a price with the seller, we arrange the financing, and the lender pays the seller directly. Before funding, the lender will usually check for existing liens, confirm the value and, where needed, ask for an inspection. From there, you make your payments to the lender.

There is no single cutoff, but many lenders prefer that the equipment’s age plus the financing term stay within a set limit. Exceptions are common for well-maintained equipment with service records. Send us the details before ruling anything out.

Yes, whether you are buying from a dealer, a private seller or at auction. Lenders look for a verifiable serial number, no outstanding liens and a supportable value.