When this service may fit
A useful starting point for these transactions
- New or used commercial equipment
- Dealer and eligible private-sale purchases
- Trucks, trailers and vocational assets
- Construction, industrial and production machinery
- Single assets or documented equipment packages
- Businesses operating across Canada
What equipment financing covers
A typical equipment-financing request starts with an identifiable commercial asset, a purchase price and a seller. The lender advances funds for an approved transaction and the borrower repays according to the agreed structure.
The exact product may be a lease, conditional sales contract or another commercial structure. Merrit Capital explains the practical differences and coordinates the information needed for credit, documentation and funding.
What makes a request easier to assess
Complete asset and seller information matters. A quote or bill of sale should identify make, model, year, serial number where available, price, taxes, accessories and delivery terms.
The business side normally includes legal name, operating history, ownership, financial information appropriate to the request and a clear explanation of how the equipment supports revenue. Requirements vary; providing more detail does not guarantee approval, but it reduces avoidable questions.
New, used, dealer and private-sale options
Dealer purchases are often the most straightforward because quotes, ownership and delivery are documented through an established supplier. Used and private-sale assets may also qualify, but age, condition, value, ownership and liens require closer review.
Merrit Capital also works with businesses preparing for auctions. A pre-auction discussion can establish a realistic range, but final approval always depends on the actual winning asset, price and documents.