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

Equipment Loans Regina - Compare Providers

ProviderLoan AmountRateTerm (Months)Rating
00 Up to $50,000Prime – 35%3 – 120
Up to $50,000
231700524800 ParachuteUp to $25,000 24.99% – 29.99% 30 or 60
Up to $25,000
81692748800 BreeUp to $500 0% Up to 65 days
Up to $500
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
31670889600 Fora$1,000 – $15,000 19.9% – 34.9%
$1,000 – $15,000
91666051200 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
1001579219200 Instant Payday CanadaUp to $1,500 $14 per $100 borrowed Up to 30 days
Up to $1,500
1001576713600 Financeit$500 – $100,000 Starting at 12.99% Up to 60
$500 – $100,000
111552262400 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 Loan ExpressUp to $1,500 $14 per $100 borrowed 14 days
Up to $1,500
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
1001550534400 Focus Financial Inc.Up to $1,500 $14 per $100 borrowed 14 days
Up to $1,500
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
71545264000 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
51543622400 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 Urgent Loans$300 – $3,000 27% – 35% 90 – 120 days
$300 – $3,000
61545264000 easyfinancial$500 – $100,000 29.99% – 35% 9 – 84
$500 – $100,000
101568937600 Cash MoneyUp to $10,000 Varies by product Varies by product
Up to $10,000
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
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 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
71545264000 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
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 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%
71545264000 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 - -
41690934400 Neo Mortgage
21688601600 nestoMin $110,000 4.14% – 6.29% 24– 120
Min $110,000
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 Dominion Lending Center
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
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)
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

Regina, the capital of Saskatchewan is home to countless businesses, many of them revolving around the farming and agricultural sector. However, that isn’t the only type of industry that thrives within the city. Steel and manufacturing, energy production, environmental services, and information technology are all major contributors to Regina’s economy. Many of these businesses would have trouble operating without the right kind of equipment to work with.

The problem is, any kind of equipment, whether small or heavy, simple or advanced, can cost a lot to purchase and maintain. The good news is Loans Canada can help find you the right equipment loan in Regina Saskatchewan, regardless of the industry you’re in.

Looking for another type of loan in Regina? Check this out.

Industries Where Equipment is Needed

While farming, manufacturing, and technology are some of the more notable industries in Regina, most other businesses could benefit from having the necessary equipment close at hand, such as:

  • Animal and livestock businesses
  • Gyms and fitness clubs
  • Factories, warehouses, and shipping locations
  • Motels and other hospitality-based businesses
  • Law firms and other office environments
  • Hospitals and other health facilities
  • Dental and medical practices

Equipment Loans Canada

Common Equipment Types

As we mentioned, almost any industry in Regina requires proper equipment to function efficiently and increase profit margins. Here are a few of the equipment types that can be fairly pricey and where an equipment loan would come in handy:

  • Computers, printers, and other office-related technology
  • Industrial ovens, refrigerators, and other restaurant appliances
  • Tractors, harvesters, and other agricultural machinery
  • Televisions, furniture, and other hospitality-related items
  • Exam tables, x-ray machines, and other medical equipment

Read this if you want to make your business greener with energy efficient equipment.

Using Your Equipment to Secure a Loan

Before we move on to Regina equipment loans in the traditional sense, let’s talk about something you can do with the equipment itself. What many business owners may not realize is how you can use their tools and machinery to borrow. That’s correct! If you have equipment that’s worth money, you can offer it up as collateral and potentially secure a loan of equal value. Not only that but securing your financing with collateral is a good way of saving money because, unlike with unsecured loans, you’ll potentially receive a lower, more affordable interest rate.

Here are some of the assets you can offer to secure financing:

  • Heavy machinery and equipment
  • Trucks, cars, and other business-related vehicles
  • Commercial properties (buildings, real estate, etc.)

Want to learn about commercial leasing? Click here.

Once you’ve secured that financing, you can then use it in other avenues of your business, including but certainly not limited to:

  • Hiring and/or training new employees
  • Paying or augmenting the wages of your current employees
  • Marketing strategies and advertising costs
  • Fixing up or renovating your workspace
  • Leasing or purchasing additional space
  • Increasing productivity or the services your business provides
  • Dealing with shipping and handling costs

Look here for more information about asset-based leasing and financing.

Using Your Equipment Loan in Regina

Now let’s discuss the more traditional use of equipment loans in Regina. Once your application has been approved, you should receive your loan in cash directly in your bank account. You’ll then be able to use that loan money to expand your business in almost any way you can imagine, such as:

  • Leasing or financing the latest, state-of-the-art equipment
  • Repairing any damaged equipment you already have
  • Upgrading from your used equipment
  • Leasing or financing additional equipment to increase productivity
  • Leasing or financing heavy machinery or vehicles

Read this if you’re planning to apply for a loan.

Why Equipment Financing is the Right Choice

Besides helping you purchase or lease what might otherwise be unaffordable technology, appliances, and gear, an equipment loan in Regina comes with all sorts of added benefits. For instance:

  • Loans Canada can set you up with a lender that understands your various business requirements and financial needs.
  • You and your lender can negotiate an affordable and adjustable payment plan.
  • Since you’ll know exactly how much your payments and interest rate will cost in advance, you’ll have an easier time budgeting appropriately.
  • You’ll no longer have to worry about the dangers and inconveniences of old or malfunctioning equipment.
  • Best of all, with the latest, greatest equipment on your side, you can stop worrying about your finances and have more time to focus on your business.

Looking For An Equipment Loan in Regina?

If you’ve been looking for the right source of equipment loans in Regina, you can rest easy knowing that Loans Canada has your back. Contact us today or fill out an application below!


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