Obtaining a business loan is simple. To get started, click the "Get Started" button and fill out a quick form to get pre-approval. If you meet the criteria, one of our agents will contact you to finalize the process. <br><br>You will then need to provide additional information about your business, such as recent financial statements, cash flow information, information on collateral, and a description of the equipment you wish to finance.

Get up to 300 000$

Business Equipment Financing

Fast & flexible business loans.

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100% secure process

Business Equipment Financing | Get up to 300 000$

Get equipment financing for your business from $5,000 to $300,000 by clicking the “Get Started” button!

Get your pre-approval in less than 60 seconds by filling out a quick and simple application form.

How does it work?

3 easy steps:

5 minutes

1. Fill out the questionnaire

Answer a couple simple questions about your financing needs thanks to our secure and easy to navigate quiz.

1 business day

2. Choose a financing option

Receive a call from one of our agents to navigate the financing options available to your business.

Same day

3. Get the funds for your business

Once approved and the contract is signed, receive your funds on the same day directly to your bank account.

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How does equipment financing for a business work?

Obtaining financing for your business’s equipment with MicroCapital is very easy. It is a fixed-term loan where you will have to repay the borrowed amount (between $5,000 and $300,000) in fixed pre-established payments until the loan and the interest are fully repaid.

What are the eligibility criteria?

Here are the eligibility criteria to qualify for a fixed term business loan:

Annual income: 100 000$

The company has been operating for at least 6 months

No active bankruptcy

The company operates in Canada

Who can lend money to businesses to finance equipment?

There are several ways to finance equipment for a business in Quebec.

Among them:

Bank and private loans: businesses can apply for a bank or private loan to finance the purchase of equipment.
Government grants: there are government grant programs to help businesses purchase equipment.
Leasing: businesses can rent equipment with purchase options at the end of the contract term.

What are you waiting for?

Get pre-approved in less than 5 minutes…

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100% secure process

FAQ

What are the eligibility criteria?

To be eligible for equipment financing with us and our partners, the following criteria must be met: have a personal credit score of at least 550, a business credit score of at least 1300, be a Canadian business, annual revenue of at least 100,000$, be in active operation in Canada for at least 6 months, and not be in active bankruptcy.

What is the interest rate for the business term loan for equipment financing?

Interest rates for fixed repayment business loans range from 8% to 29% depending on the financial situation of your business and its owner.

What industries are not accepted?

Although we offer loans to more than 700 industries, we and our partners cannot provide financing for certain industries considered risky: firearms suppliers, government agencies, horoscope/divination, adult entertainment, public administration, nonprofit organizations, religious organizations, money services businesses, and all activities related to lotteries/casinos/gambling.

How does it work?

Obtaining a business loan is simple. To get started, click the “Get Started” button and fill out a quick form to get pre-approval. If you meet the criteria, one of our agents will contact you to finalize the process.

You will then need to provide additional information about your business, such as recent financial statements, cash flow information, information on collateral, and a description of the equipment you wish to finance.

Example of a fixed term loan repayment

In the example of a 200,000$ term loan at an interest rate of 9% repayable over 24 months. The monthly repayment payments will be 8,669.96$ for a total amount of 207,639.84$. The interest on the loan will be 7,639.84$.

You can use the following loan calculator offered by calculator.net to reproduce and view other business loan repayment examples.

Why MicroCapital?

Our 100% Canadian company was created to provide reliable, flexible, and fast financing solutions to Canadian small and medium-sized businesses.

100% Canadian

99.2% satisfaction rate

We finance small and medium-sized businesses in over 700 different industries.

What type of equipment can you finance?

Forestry equipment

Medical equipment

Agriculture equipment

Gym equipment

Heavy equipment

Dentistry equipment

and more than 700 other industries…

With a high satisfaction rate, we help Canadian small and medium-sized businesses in over 700 different sectors obtain the financing they need. MicroCapital offers financing solutions tailored to your business activity, whether it be managing a factory, a restaurant or any other type of business.

We understand that every business has unique financing needs and that’s why we offer a variety of financial products to meet those needs. Whether you’re looking to buy new equipment, finance an expansion or restructure your cash flow, we have a solution that’s right for you.

We work closely with you to understand your needs and propose the most appropriate solutions. We’re proud to help Canadian businesses achieve their projects and reach their full potential.

What are you waiting for? Click the button below to get started.

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