📅 Last Updated: December 10, 2021
✏️ Written By Bryan Daly
🕵️ Fact-Checked by Caitlin Wood

Equipment Loans Calgary - Compare Providers

ProviderLoan AmountRateTerm (Months)Rating
00 Up to $50,000Prime – 35%3 – 120
Up to $50,000
1001709683200 DashloansUp to $1,250 Up to 32% 90 – 150 days
Up to $1,250
231700524800 ParachuteUp to $25,000 24.99% – 29.99% 30 or 60
Up to $25,000
181695254400 GoLoans$500 – $5,000 Up to 32% 3 – 4
$500 – $5,000
71692748800 BreeUp to $350 0% Up to 65 days
Up to $350
1001688083200 City Lending Centers (CLC)$150 – $1,600 10 – 35% 3 – 6
$150 – $1,600
1001686182400 Northstar Brokers$300 – $3,000 18% + fees 6
$300 – $3,000
1001686182400 Deposit My Cash Now$300 – $3,000 18% + fees 6
$300 – $3,000
1001686182400 My Next Pay$300 – $3,000 18% + fees 6
$300 – $3,000
221683676800 Windmill Microlending$15,000 6.7% Up to 60
$15,000
21670889600 Fora$1,000 – $15,000 19.9% – 34.9%
$1,000 – $15,000
81666051200 Nyble$250 0%
$250
1001643932800 FlexMoney$500 – $15,000 Starting at 18.9% 6 – 60
$500 – $15,000
1001623369600 AfterpayVaries 0% 6 or 8 weeks
Varies
11620777600 Spring FinancialUp to $35,000 9.99% – 35% 6 – 60
Up to $35,000
241607558400 Helium Loans$500 – $50,000 Varies 6 – 60
$500 – $50,000
1001598918400 LM FinancialUp to $15,000
Up to $15,000
1001598832000 LM Credit$500 – $15,000 Start at 10.99% 9 – 60
$500 – $15,000
191582243200 LendCare Up to 60
1001580860800 SimplyBorrowed$1,500 – $10,000 12 – 60
$1,500 – $10,000
171580774400 goPeer$1,000 – $25,000 8.99% – 34.99% 36 or 60
$1,000 – $25,000
1001579478400 North’n Loans$100 – $1,500
$100 – $1,500
141579478400 MDG$850 – $1,600 29.78% – 34.95% 36 months
$850 – $1,600
1001576713600 Financeit$500 – $100,000 Starting at 12.99% Up to 60
$500 – $100,000
1001562198400 Pylo Finance$500 – $15,000 15.99 – 35% 6 – 60
$500 – $15,000
101552262400 Money Mart$500 – $18,000 29.9% or 34.28% 6 – 60
$500 – $18,000
1001551830400 Progressa$1,000 – $15,000 19% – 34.95% 12 – 60
$1,000 – $15,000
1001551398400 My Canada PaydayUp to $1,500 $14 per $100 borrowed 14 days
Up to $1,500
1001551398400 Mr. Payday$100 – $1,500 $14 per $100 borrowed 14 – 31 days
$100 – $1,500
1001551398400 Loan ExpressUp to $1,500 $14 per $100 borrowed 14 days
Up to $1,500
1001546128000 Loan AwayUp to $5,000 19.9% – 35% 6 – 36
Up to $5,000
231551139200 LendDirectUp to $15,000 34.99% Open-end
Up to $15,000
1001550534400 GoDay$100 – $1,500 $14 per $100 borrowed 14 days
$100 – $1,500
111569974400 iCashUp to $1,500 $14 per $100 borrowed Up to 62 days
Up to $1,500
1001550534400 Focus Financial Inc.Up to $1,500 $14 per $100 borrowed 14 days
Up to $1,500
1001550534400 Eastern Loans$500 – $1,000 23% 3 – 6
$500 – $1,000
1001550534400 DMO Credit$300 – $1,000 Up to 38% 3 – 4
$300 – $1,000
1001567555200 Cash Depot$300 – $3,000 18% + fees 6
$300 – $3,000
1001549238400 Credit2Go$250 – $1,500 23.99% – 29.99% 3 – 4
$250 – $1,500
201548720000 Ledn$500 – $1,000,000 7.9% 12
$500 – $1,000,000
1001548720000 ATB FinancialUp to $5,000 12 - 60
Up to $5,000
1001548720000 Amber Financial$500 – $50,000 Starting at 8.99% 3 – 120
$500 – $50,000
61545264000 SkyCap Financial$500 – $10,000 12.99% – 34.99% 9 – 60 months
$500 – $10,000
1001545264000 Fast Access Financial$500 – $10,000 Starting at 9.90% 12 – 36
$500 – $10,000
41543622400 Fairstone FinancialUp to $60,000 19.99% – 34.99% 6 – 120 months
Up to $60,000
1001545350400 Lamina$300 – $1500 Starting at 18% 3 – 7
$300 – $1500
121545350400 Cashco FinancialUp to $7,000 35% 6 – 60
Up to $7,000
151545350400 LoanMeNow$500 – $1000 Up to 32% 3
$500 – $1000
1001545350400 Captain Cash$500 – $750 23% 3 – 4
$500 – $750
1001545350400 BC Loans$500 – $750 22% 90 – 120 days
$500 – $750
1001545350400 Urgent Loans$300 – $3,000 27% – 35% 90 – 120 days
$300 – $3,000
51545264000 easyfinancial$500 – $100,000 29.99% – 35% 9 – 84
$500 – $100,000
31545264000 Mogo FinanceUp to $5,000 34.37%
Up to $5,000
211545177600 BorrowellUp to $35,000 Starting at 12.99% Up to 60
Up to $35,000
131545177600 Magical Credit$100 – $20,000 Up to 35% Up to 60
$100 – $20,000
1001569974400 Speedy Cash$200 – $1,500 $14 per $100 borrowed Next payday
$200 – $1,500
ProviderLoan AmountRateTerm (Months)Rating
00 Up to $50,000Prime – 35%3 – 120
Up to $50,000
31725321600 iCommissionUp to $40,000 $0.75 per $1,000 per day
Up to $40,000
81714089600 Primed Loans$10,000 – $20,000,000
$10,000 – $20,000,000
71714089600 OnTap Capital $10,000 – $2,000,000 10%+ Up to 36
$10,000 – $2,000,000
21669852800 Driven$10,000 – $300,000 3 – 24
$10,000 – $300,000
1001648512000 2M7 Financial Solutions$1000 - $250,000
$1000 - $250,000
1001620345600 TD Bank 12 – 60
1001611878400 Accord Financial
241607558400 Helium Loans$500 – $50,000 Varies 6 – 60
$500 – $50,000
1001598918400 Loop
1001592438400 Core Capital Group Inc
1001585612800 BarterPay 6 – 60
1001580947200 Corl$200,000 – $5,000,000
$200,000 – $5,000,000
1001580860800 Travelers Financial
1001580860800 Peel Financial
1001580860800 Pioneer Financial Services$5,000 – $1,000,000
$5,000 – $1,000,000
1001580860800 Polaris Leasing
1001580860800 Patron West
1001580860800 Payability
1001580860800 Planet Financial
1001580688000 RiseUp to $10,000 Prime + 2.5% Up to 60
Up to $10,000
1001580256000 Merchant Growth$5,000 – $800,000 6 – 24
$5,000 – $800,000
1001579478400 Lionhart Capital$10,000 – $30,000,000
$10,000 – $30,000,000
1001579478400 Lift Capital$50,000 – $5,000,000 3 – 36
$50,000 – $5,000,000
1001579478400 Leaseline 24 – 60
1001579478400 Lease Direct
1001579478400 John DeereUp to $1,200,000 12 – 84
Up to $1,200,000
1001579046400 Hitachi Capital Canada
1001577059200 Export Development Canada
1001577059200 Essex Lease Financial Corporation
1001577059200 Equilease
1001575849600 Alliance Financing Group LTD$5,000 – $150,000 Starting 15% 6 – 24
$5,000 – $150,000
1001575849600 CanaCapUp to $250,000
Up to $250,000
1001575590400 CLE Capital
1001575590400 Canada Equipment Loan
11545955200 SharpShooter Funding$1,000 – $300,000 5.49% – 22.79% 12 – 60
$1,000 – $300,000
1001552262400 First West Credit Union$500,000 - $10,000,000
$500,000 - $10,000,000
1001548720000 ATB FinancialUp to $5,000 36 – 60
Up to $5,000
1001552262400 Laurentian Bank of CanadaUp to $250,000 Up to 10 years
Up to $250,000
1001552262400 National BankUp to $1,000,000
Up to $1,000,000
1001551830400 Canadian Imperial Bank of Commerce (CIBC)$10,000+ Up to 15 years
$10,000+
1001551830400 ScotiabankUp to $1,000,000 Up to 15 years
Up to $1,000,000
1001551830400 Bank of Montreal (BMO)Up to $500,000 Up to 15 years
Up to $500,000
1001551830400 Royal Bank of Canada (RBC)Starting at $5,000 Up to 84
Starting at $5,000
1001551398400 CWB National Leasing$3,500+
$3,500+
1001551398400 Money in Motion$10,000 – $1,000,000 4% – 14% 12 – 84
$10,000 – $1,000,000
1001551139200 Lease LinkUp to $250,000 Up to 48
Up to $250,000
1001550534400 FundThrough$500 – $50,000 2.75% – 8.25% 12 week cycles
$500 – $50,000
1001550534400 Econolease Financial Services Inc.$1,000 – $1,000,000 6% – 20%
$1,000 – $1,000,000
1001550534400 Easylease CorpUp to $5,000,000 24 – 72
Up to $5,000,000
1001550534400 Dynamic Capital
1001550534400 Capify$5,000 – $200,000
$5,000 – $200,000
1001549411200 Canadian Equipment Finance$50,000 – $12,000,000 24 – 96
$50,000 – $12,000,000
1001548720000 BDCUp to $100,000
Up to $100,000
1001548720000 B2B Bank$10,000 – $300,000
$10,000 – $300,000
1001545264000 iCapitalUp to $250,000 3 – 24
Up to $250,000
61545350400 IOU Financial$15,000 – $1,500,000 6 – 36
$15,000 – $1,500,000
51545177600 Journey Capital$5,000 – $300,000 9% – 35% Varies by product
$5,000 – $300,000
41545177600 Lending Loop$5,000 – $500,000 4.96% – 24.93% 1 – 60
$5,000 – $500,000
61545264000 SkyCap Financial$500 – $10,000 12.99% – 34.99% 9 – 60 months
$500 – $10,000
ProviderLoan AmountRateTerm (Months)Rating
00 Up to $50,000Prime – 35%3 – 120
Up to $50,000
31632960000 SafeLendMin. $10,000 6.93% – 19.99% 18 – 96
Min. $10,000
81624233600 Auto Credit Deals $5,000 – $75,000 12 – 96
$5,000 – $75,000
241607558400 Helium Loans$500 – $50,000 Varies 6 – 60
$500 – $50,000
1001582761600 Go Auto 36 – 96
61582761600 Eden Park
1001581033600 Toyloan
1001580688000 Rifco Starting at 12.9%
1001579478400 National Powersports Financing
1001579478400 LMG Finance
1001579478400 Loans2Go
1001578873600 iA Auto Finance Starting at 10.99%
1001578873600 Gamache Group
1001551830400 Royal Bank of Canada (RBC)Starting at $5,000
Starting at $5,000
1001552262400 National BankUp to $1,000,000 up to 96
Up to $1,000,000
1001551830400 Desjardins 6 – 96
1001551830400 Canadian Imperial Bank of Commerce (CIBC)$10,000+ 12 – 96
$10,000+
1001551830400 ScotiabankUp to $1,000,000 Up to 15 years
Up to $1,000,000
1001577059200 Daimler Truck Financial
1001577059200 DealerPlan Financial
1001575849600 Coast Capital Savings
1001575849600 Canada Auto Finance$5,000 – $45,000 4.90 % – 29.95%
$5,000 – $45,000
1001575849600 Credit River Capital Inc
1001575590400 Capital Trust Financial
61569974400 Car Loans Canada Up to 29.99% 12 – 96
1001561507200 Auto Capital Canada
11560124800 Canada DrivesUp to $100,000 3.99% - 19.9% 24 -96
Up to $100,000
1001551830400 Prefera Finance
1001548633600 2nd Chance Automotive Starting at 4.2%
61545264000 SkyCap Financial$500 – $10,000 12.99% – 34.99% 9 – 60 months
$500 – $10,000
1001545177600 Carloans411 12 – 84
ProviderLoan AmountRateTerm (Months)Rating
00 Up to $50,000Prime – 35%3 – 120
Up to $50,000
1001578873600 Instant Loans CanadaUp to $50,000 24 – 60
Up to $50,000
1001545264000 BHM FinancialUp to $50,000
Up to $50,000
ProviderLoan AmountRateTerm (Months)Rating
00 N/AN/AN/A
N/A
31726531200 Lotly$5,000 + 6% – 16% 12 – 60
$5,000 +
71708473600 Blue Pearl Mortgage
51700524800 Rocket Mortgage - -
1001695945600 Mortgage Intelligence
41690934400 Neo Mortgage
21688601600 nestoMin $110,000 4.14% – 6.29% 24– 120
Min $110,000
31679616000 Frank Mortgage$100,000 – $2,000,000 Varies 12 – 60
$100,000 – $2,000,000
1001627344000 Peoples Bank 4.50% – 5.97% 12 – 60
1001581033600 Mortgage Alliance 4.19% – 6.04% 12 – 120
1001580860800 Verico
1001580860800 True North Mortgage 2.99% – 5.49% 6 – 60
1001580860800 Tangerine$50,000+ 12 – 120
$50,000+
1001580860800 Think Financial
1001580860800 Turnedaway
1001580860800 REICO
1001580688000 Motusbank 6 – 60
1001579478400 Mortgage Architects 4.54% – 7.49% 6 – 120
1001578873600 Invis
1001577059200 Equitable Bank Varies
1001577059200 Dominion Lending Center
1001577059200 Fisgard Asset Management
1001577059200 First National Financial LP 4.49% – 6.63% 1 – 10 years
1001574985600 CMLS Financials$10,000 – $1,000,000 4.99% – 7.29% 12 – 120
$10,000 – $1,000,000
1001574899200 CHIP Reverse Mortgage 12 – 60
1001574899200 CanWise 4.24% – 6.30%
1001560124800 Centum 4.64% – 5.80% 1 – 10 years
1001548806400 Capital Direct$10,000 – $3,000,000 Varies 12 – 24
$10,000 – $3,000,000
1001548720000 Bridgewater Bank 12 – 60
11517097600 Alpine Credits$10,000 – $500,000 Starting at 10%
$10,000 – $500,000
ProviderServicesRating
00 Debt Consolidation Program, Debt Settlement Program, Consumer Proposal, Bankruptcy Consultation
N/A (Referrer)
1001732233600 Money Mentors Credit Counselling, Orderly Payment of Debts (OPD) Program
1001576540800 BDO Credit Counselling, Bankruptcy, Consumer Proposal
1001576540800 Full Circle Debt Solutions Inc Credit Counselling, Debt Management Program
1001576368000 Consolidated Credit Credit Counselling, Debt Management Program
1001576454400 4Pillars Debt Restructuring, After Care - Credit Rebuilding Program, Corporate Debt Restructuring

Calgary, one of Canada’s most popular places to live, is filled with different industries that make up the city’s workforce and economy, namely in the realm of energy production, agriculture, and engineering. One of the key factors to the success of any Calgary industry is having the right equipment to get the job done. However, any type of equipment, especially heavy industrial machinery, can certainly be pricey, so an equipment loan can go a long way. Curious to know more about these equipment loans? Keep reading.

Considering a personal loan in Calgary instead? Take a look at this.

Equipment Financing in Calgary: The Benefits

As we said, securing a reliable loan in Calgary is a good way of helping you purchase equipment that might otherwise be out of your price range. Not only that, getting your equipment financing through Loans Canada comes with additional benefits, including but not limited to:

  • We’ll set you up with lenders in Calgary that understand the needs of your specific industry and business.
  • We can offer you customizable payment plans that work for your busy schedule, and affordable rates that won’t break your budget.
  • Payments that make it easier to calculate how much you’ll need to pay from month-to-month, and allow you to adjust your budget accordingly.
  • The more timely, full payments you make, the better it will be for your credit.
  • With all these concerns taken care of, you’ll have more time to concentrate on the needs of your business.

Looking for a guide to budgeting? Click here to see one.

Added Benefits to a Calgary Equipment Loan

Convenience and affordability aren’t the only areas where an equipment loan can be useful in the Calgary workforce. You can also use an equipment loan to:

  • Repair, maintain, or totally upgrade your older equipment.
  • Lease or purchase both used or brand new, state-of-the-art technology.
  • Lease or purchase multiple pieces for increasing productivity.
  • Lease or purchase heavy machinery or vehicles (ex: tractors)

Read this if you’re looking for a mortgage in Calgary.

Calgary Industries Where an Equipment Loan Can Be Useful

In this day and age, almost any industry in Calgary needs some type of equipment to function properly, such as:

  • Restaurants and service industry businesses
  • Agriculture and farming
  • Vehicle sales, customizing, or repair
  • Medical/dental professions and facilities
  • Shipping and production warehouses/factories
  • Wellness centres and fitness clubs
  • Motels, vacation rental companies, and other hospitality businesses

Equipment Loans Canada

Using Your Equipment For Other Purposes

While a traditional equipment loan in Calgary is meant so that you can lease or purchase your supplies, tools, or machinery, there is another type of financing that you can secure using the equipment itself. That’s right if your existing equipment is worth money, you can use it to apply for an installment-based loan. Some types of assets and equipment that can be considered valuable include but are not limited to:

  • Cars, trucks, boats, tractors, or other company vehicles
  • Heavy duty tools and technology
  • Medical equipment, tools, and technology
  • Farmland, commercial real estate, and other properties
  • Appliances and other service industry equipment

Look here if you need to finance your next computer.

Backed by this financing, you can invest it in other avenues of your business, including but not limited to:

  • Covering the wages and/or benefit packages of your current employees
  • Training, hiring, and paying any new employees
  • Repairing or maintaining any part of your business property/workspace
  • Installing and/or supplying new safety hardware and gear
  • Investing in marketing strategies and advertising

Curious about commercial leasing? Try reading this.

Equipment Financing, Done Right

If you’re a Calgary resident and you’re in need of affordable, convenient equipment financing, look no further than the doors of Loans Canada. We’re here to set you up with the right equipment loans for all your industry needs. Contact us today or fill out an application below when you’re ready!


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