📅 Last Updated: October 4, 2021
✏️ Written By Bryan Daly
🕵️ Fact-Checked by Caitlin Wood

Equipment Loans Fredericton - 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
1001600646400 Iceberg Finance$1,000 – $35,000 12.99% – 29.99% 12 – 84
$1,000 – $35,000
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
101552262400 Money Mart$500 – $18,000 29.9% or 34.28% 6 – 60
$500 – $18,000
1001551830400 Payday King$100 – $1,000 $14 per $100 borrowed 14 days
$100 – $1,000
1001551830400 Progressa$1,000 – $15,000 19% – 34.95% 12 – 60
$1,000 – $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
1001549411200 Capital Cash$100 – $1,500 $14 per $100 borrowed 14 days
$100 – $1,500
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 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
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
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
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
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 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 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
21679529600 ClutchVaries Varies 24 – 96 months
Varies
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
1001600646400 Iceberg Finance$1,000 – $35,000 12.99% – 29.99% 12 – 84
$1,000 – $35,000
61597104000 Bryden Financing & Auto Sales
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 +
51700524800 Rocket Mortgage - -
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 Turnedaway
1001580860800 REICO
1001580688000 Motusbank 6 – 60
1001579478400 Mortgage Architects 4.54% – 7.49% 6 – 120
1001578873600 Invis
1001577059200 Dominion Lending Center
1001577059200 First National Financial LP 4.49% – 6.63% 1 – 10 years
1001574899200 CHIP Reverse Mortgage 12 – 60
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
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)
1001576540800 BDO Credit Counselling, Bankruptcy, Consumer Proposal
1001576540800 Raymond Chabot Bankruptcy, Consumer Proposal
1001576540800 Full Circle Debt Solutions Inc Credit Counselling, Debt Management Program
1001576368000 Consolidated Credit Credit Counselling, Debt Management Program

Being that Fredericton is located on the Saint John River, much of its economy revolves around fishing and aquaculture, otherwise known as “fish farming”. That said, there a ton of other industries that contribute to Fredericton’s economic sector, such as biology and health sciences, tourism and culture, and aerospace technology.

While your own business might totally different from those, chances are you’ll need some safe and reliable equipment to get the job done. That’s where an equipment loan can be practical and effective.

Need a business loan in Fredericton? Just click here.

Equipment Loan Options

What Are the Advantages of Equipment Financing?

First and foremost, equipment financing is beneficial because it allows you to lease or purchase almost any kind of tool that you might need on the job in Fredericton. As most equipment can be quite expensive, these types of specialized financing will allow you to purchase tools you might not have been able to afford otherwise.

Read this if you want to learn how to borrow money for a large purchase.

Not convinced yet? Well, here are a few other advantages that come with the equipment financing process in Fredericton:

  • The ability to lease or buy heavy machinery
  • Payment plans and fair rates that will help you create a reasonable budget
  • You’ll be paired up with a lender that actually understands your business
  • The chance to replace outdated or unsafe equipment with state of the art pieces
  • Ideal for anyone who needs additional pieces to increase productivity
  • Less stress and more time to focus on the importance of your business

Here’s how you can make your business cost-effective during tough economic times.

Will My Small Business Qualify for Equipment Financing in Fredericton?

Whether your enterprise is located in a big building or based from home, has hundreds of employees or just a few, it can still qualify for equipment financing in Fredericton. You simply need to prove that you can comfortably afford the payments, rates, and fees involved, and you’ll be all set. Small or large, almost any business is eligible in Fredericton.

Here are just a few examples of businesses in Fredericton that would need equipment to run efficiently:

  • Coffee shops, bakeries, and other food/beverage locations
  • Grocery stores, pharmacies, and retail outlets
  • Farms, florist shops, and other agricultural enterprises
  • Law firms and other office environments
  • Warehouses, factories, and other shipping/manufacturing companies
  • Tattoo and piercing parlours
  • Pet groomers, veterinary clinics, and other businesses that focus on animals

Try this page if you need of a mortgage to purchase farmland.

How Can I Use the Equipment I Already Own?

If your business in Fredericton already has equipment, vehicles, or other commercial assets, you can use them to benefit your business even further by offering them up as collateral to secure additional financing. Essentially, your lender would first need to have your tools and/or machinery appraised. If the hardware ends up having enough value that your lender could sell it in the event that you default, they may offer you a loan based on how much it’s worth.

This article will show you how to use assets to secure financing for your business.

With additional financing in your hands, you can:

  • Invest in new signage, updates, and other advertising techniques
  • Fix, fuel, and maintain your current business vehicles
  • Lease or purchase a truck to cart around your new equipment
  • Buy proper safety gear for you and/or your employees
  • Pay off your property taxes, utilities, and other recurring business costs
  • Consolidate debts you or your business is racking up
  • Travel cross country or overseas to discover new business opportunities

Equipment Loans Canada

What Kinds of Hardware Can Be Financed in Fredericton?

Since any kind of tool or machinery can be pricey, securing the right amount of equipment financing is well worth the effort. This is especially true if your operation in Fredericton requires several pieces of the same machine, many different kinds of hardware, or regularly needs updated equipment.

Here are some of the equipment types that are easier to lease or purchase with an equipment loan, many of which pertain to the business listed above:

  • Coffee makers, cappuccino machines, and baking appliances
  • Industrial fridges and freezers, shelving units, and store lighting
  • Tractors, gardening tools, and other farming equipment
  • Computers, printers, and office furniture
  • Assembly lines, hydraulic loaders, forklifts, and other warehouse implements

Click this link if you need energy efficient equipment to make your business greener.

The Equipment You Need at a Fair Price

If you’re in the market for equipment financing in Fredericton, Loans Canada can help. We’re always here to set you up with the best lenders in your industry and the best rates in your area. Apply below!

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