Equipment financing & leasing for Canadian businesses

Civil construction & earthworks

Road building and site preparation equipment financing in Canada

Merrit Capital arranges equipment financing and leasing for Canadian road builders, site preparation contractors and civil construction businesses. We can review equipment for clearing, excavation, grading, hauling, paving and compaction, from a single used machine to a documented multi-asset purchase. Our financing is for Canadian companies only.

New & used equipmentCanadian businesses onlyLeasing & financing
Excavator and earthmoving equipment working on a commercial construction site

Equipment we review

Road building & site preparation equipment that can be considered

The right asset list follows the scope of work. Show which machine excavates, moves, places or compacts material, and which support units are needed to put it into service. New and used revenue-generating equipment can be reviewed.

  • Excavators and dozers for site preparation and earthmoving
  • Motor graders and grading equipment
  • Asphalt pavers and associated paving equipment
  • Compaction rollers and soil compactors
  • Cold planers and road milling equipment
  • Crushers, screeners and aggregate-handling equipment
  • Wheel loaders and articulated or vocational dump trucks
  • Water trucks, service trucks and equipment trailers

Connect the machine purchase to the project pipeline

Tell us whether the equipment will serve an awarded contract, ongoing subcontract work, road maintenance, or a new service your business is developing. Distinguish confirmed work from tenders still under review. A schedule showing expected mobilization, equipment delivery and first billing helps explain when the new asset starts contributing to the business.

For a site preparation package, itemize the excavator, attachments, dozer and transport trailer separately. For a paving operation, identify the paver, screed, rollers and any related units included in the price. A clear package prevents uncertainty about which components the seller will supply and which items need a separate purchase.

Plan equipment payments alongside project cash flow

Equipment leasing is a core Merrit Capital service; conditional sales contracts can also be reviewed. Before comparing structures, identify how long you plan to operate the machine, its expected annual use and any anticipated replacement cycle. Review all proposed payments and end-of-term obligations, rather than choosing solely from a monthly payment.

Equipment purchases and operating costs are different funding needs. Mobilization, payroll, fuel and materials may create a cash requirement before a project pays. Merrit Capital also reviews working capital and receivables factoring requests. Share the purpose separately from the equipment quote; eligibility and documentation differ, and an equipment approval does not establish an operating facility.

Used road equipment: document the parts that drive value

For tracked machines, gather hours, undercarriage information and maintenance records. For graders and rollers, include the model, hours and relevant component condition. A used paver quote should identify the screed and other major included components. Provide serial numbers and photographs, and separate completed rebuilds from repairs still required.

A dealer purchase, private sale, trade-in or equipment package involving several sellers may need different documents. Tell us about existing financing early. Our equipment financing checklist helps organize the borrower, equipment and seller information before the review.

Hauling and access belong in the equipment plan

Include the working location, transport arrangements and any quoted delivery or commissioning costs. For remote projects, explain how and when the machine reaches the site and how it will be supported. The financing term, delivery commitments and project schedule should be discussed together before you finalize the purchase.

Start with the equipment and the business. Availability, payment terms and required documents depend on lender review of the borrower, asset and transaction.

Planning examples

How to frame the equipment request

These example situations show the equipment and business details to include in your request.

Move from rental to a core fleet

A site contractor considers buying the excavator it uses repeatedly. Supply the expected annual use, current work and complete purchase cost to compare the proposed commitment with the operating plan.

Add grading or paving capacity

A civil contractor adds a grader or paving package for confirmed work. Identify each asset, the operator or crew plan, and the delivery date required for the job.

Release equity in owned equipment

A contractor owns machines outright and needs business funds. An eligible sale-leaseback may be reviewed using asset values, lien details and cash flow; it creates a new payment commitment.

Prepare the request

What to send for an initial review

Start with the details you have. Merrit Capital will identify any further information the transaction requires.

  • Business history and experience with the proposed work
  • Awarded contracts, backlog or recurring subcontract work
  • Equipment specifications, serial numbers and itemized pricing
  • Hours, condition, rebuild details and seller for used equipment
  • Mobilization location, transport costs and delivery deadline
  • Existing equipment obligations and any trade-in or sale-leaseback request

See the full equipment financing checklist

How it works

From equipment quote to completed transaction

01 / EQUIPMENT

Share the purchase

Send the quote, specifications, seller and desired delivery date.

02 / BUSINESS

Explain the work

Provide your operating history and how the equipment will earn revenue.

03 / REVIEW

Review the proposal

Complete the requested credit documents and review any offered terms.

04 / CLOSE

Complete the conditions

Arrange the final documents, seller requirements and insurance before funding.

Common questions

Road building & site preparation financing FAQ

Can I lease road construction equipment in Canada?

Yes. Merrit Capital arranges equipment leasing for Canadian road construction and site preparation businesses. Graders, dozers, excavators, pavers, rollers and supporting commercial equipment may be reviewed, subject to the borrower, assets and lender requirements.

Can dump trucks and equipment trailers be included?

Yes, they can be submitted with the equipment request. List each truck or trailer, its seller, price and specifications, and explain whether it is part of one purchase or a separate transaction.

Do I need a signed construction contract to apply?

A signed contract can help explain expected work, but the documents needed depend on the business and transaction. Describe existing operations and distinguish awarded work from bids. Merrit Capital will identify the information needed for review.

Can used graders, pavers and rollers be financed?

Used road construction equipment can be considered. Provide the year, model, serial number, hours, condition, seller and price, including information about major components or completed rebuilds.

Can equipment financing also cover payroll and materials?

An equipment request focuses on the equipment purchase and eligible related costs. Payroll, fuel and materials should be discussed as a separate working capital need. Merrit Capital can also review working capital or receivables factoring requests, subject to separate qualification.

Put your equipment request in motion

Send Merrit Capital the quote, your Canadian business details and the required delivery date. We will explain the next step for your transaction.