The Best Way to Lease Back Equipment in Canada
Generate quick working capital for your business by turning your existing equipment into liquid assets. Apply with Equipment Finance Canada, and we’ll provide an answer within 24 hours.
Start leaseback application
How it works
Our 3-step process
We make securing your leaseback a hassle-free process. Just follow these three easy steps.
Apply Online
It takes less than five minutes to fill in our application form. Share your equipment requirements and business details online from any device.
Get Approved
Our team will review your application and work with our network of trusted lenders to find the best financing options for you.
Received your funds
Once approved, you receive your lump sum from the lender and begin your lease on the terms of your agreement.
Why choose a sales leaseback
Unlock capital to invest back into your business
With a sales leaseback, you sell your equipment to a lender at fair market value and lease it back over a fixed period of time. This frees up capital to invest in other areas of your business, including new equipment purchases, expansions, and team growth.
Durable equipment that holds its value, such as trailers, trucks and heavy construction equipment, is ideal for leasebacks.
Flexible terms for all industries
Bypass traditional loans and convert equity in your equipment into working capital. Apply for financing through EFC, and you can receive a decision within a day of submitting your application to a lender.
All industries
As equipment financing specialists, we have experience managing leaseback deals for businesses in most industries.
Flexible terms and rates
We work with trusted lenders to negotiate the right terms for you, with the option to extend your term to multiple years.
We’ve simplified cross-border equipment financing
Don’t let traditional financing options stand in the way of securing the equipment you need — even if it lies beyond the Canadian border. Find out more about how EFC supports cross-border equipment purchases.
Find out moreAccess to Canada’s leading lenders
Trusted. Vetted. Secure.
Get access to our wide network of leading banks, financial institutions, and private lenders across Canada. Our team of experts connects you to the best rates available so you can get back to doing what you do best.
Find the best financing option for your needs
Discover a range of financing options for new and used equipment. We work with you to find the right tailored solution for your business.
Our experts guide the application process
Our leasing agents submit your application on your behalf, ensuring all the I’s are dotted and the T’s are crossed. Our team of experts is on hand throughout the process to offer guidance and support.
You receive a credit decision within a day
There’s no waiting around when you apply for equipment financing through EFC. We work directly with lenders to obtain credit decisions within 24 hours and notify you as soon as a decision has been made.
Work with experienced, knowledgeable, trusted equipment financing experts
Our mission is to make accessing equipment financing easy, quick, and stress-free. With years of experience working with businesses across transportation, agriculture, construction, and other commercial industries, our team is best placed to provide tailored solutions that meet your specific needs.
91%
of submitted applications approved
24-hour
turnaround for approvals upon submission
Apply today for 24-hour approval
Skip the queues with Canada’s most trusted site for equipment finance.
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FAQS
We answer your most pressing questions about equipment financing.
Sale lease back financing for equipment involves a company selling its equipment to a leasing company and then leasing it back for continued use. This allows the business to access immediate cash while retaining the use of its essential equipment.
The main benefits include improving cash flow, unlocking the value tied up in equipment, and avoiding the costs and responsibilities of ownership. It also allows businesses to invest the freed-up capital into growth or other operational needs.
Any business that owns valuable equipment and needs capital can be eligible. Industries such as manufacturing, construction, transportation, and healthcare often use this financing method. A good credit history and reliable cash flow are important factors in eligibility.
By selling the equipment and leasing it back, a business can convert the asset’s value into cash, which can be used for various business purposes. This helps improve liquidity without disrupting daily operations, as the equipment remains in use.
Common types of equipment include manufacturing machinery, construction equipment, medical devices, transportation vehicles, and IT hardware. The equipment should be in good condition and essential for the business’s operations.
The lease term is usually based on the equipment’s remaining useful life and the business’s operational needs. Terms can vary, with options for short-term or long-term leases, and purchasing the equipment at the end of the term.
The timeline for accessing funds can vary depending on the complexity of the transaction, but it’s generally faster than traditional financing methods. Once the equipment is approved and the agreement is finalized, businesses can often receive funds within a few weeks.
The equipment’s value is determined through an appraisal process that considers factors like market demand, condition, age, and expected future use. If the equipment was purchased within the year you can often recover 100% of the purchase price.
Yes, sale lease back agreements for equipment include an option to repurchase the equipment at the end of the lease term. The repurchase price is typically agreed upon during the initial transaction and is typically set at a nominal amount such as $10.00.
A sale lease back can provide immediate capital without taking on additional debt, unlike traditional loans or leases. It can be more flexible and doesn’t require collateral beyond the equipment itself.
