Alberta equipment purchases
Match the equipment to the work it will do
A site-preparation contractor adding an excavator has different needs from a drilling contractor replacing a support truck or a landscaping company building a second crew. Start with the job, the machine specification and the purchase timeline so the financing review reflects how your business earns revenue.
Construction, road building and aggregate work
Construction financing can support excavators, dozers, graders, compactors, loaders and dump trucks. For an equipment package, itemize each machine, attachment and trailer. Include the supplier quote, model year, hours or kilometres, and the work the package is expected to perform.
Drilling, mining and resource support
Specialized equipment needs a clear specification. Identify the drill or support unit, its attachments, maintenance history, operating location and intended contract or service work. Service trucks, generators, compressors, pumps and heavy-haul trailers can be reviewed alongside mining and resource equipment. A work contract helps explain the business need; approval still depends on the full transaction.
Towing, landscaping and commercial service fleets
Businesses in Calgary, Edmonton, Red Deer, Grande Prairie and surrounding communities can discuss tow trucks, rollbacks, skid steers, compact track loaders, trailers and landscaping or snow-removal attachments. Where one machine works across summer and winter contracts, explain both uses and identify each attachment on the quote.
Leasing, purchase financing and existing equipment
Equipment leasing is a core Merrit Capital service. Conditional sales contracts can also be considered for suitable purchases. If your business already owns equipment and needs to release capital, ask about sale-leaseback or equipment refinancing. Structure, payments, end-of-term options and eligibility depend on the asset and lender review.
What to prepare for an Alberta application
- Your Canadian business details and a short description of current operations.
- An itemized equipment quote or bill of sale with seller contact information.
- Serial numbers or VINs, model years, hours, condition and photographs for used equipment.
- The equipment's operating location and any transport, installation or commissioning quotes.
- The required delivery date and financial information requested for credit review.
For equipment bought at auction or from a private seller, begin the financing discussion before bidding or committing to a payment deadline. Ownership, liens, condition and value need to be reviewed.