Get machinery, hardware, vehicles or equipment to help your business step up its game. You can match your payments to your cash flow cycle to make sure your purchase is up and running when it counts.
Are we a good fit?
Check out some of the general requirements to get an equipment loan with BDC.
New to financing? Take a look at our FAQ.
| Location | Based in Canada |
|---|---|
| Time generating revenue | 12 months + |
| Profitability | Generating revenue |
| Credit history | Good track record |
Applying is easy
Perfect for projects big and small
Get the gear you need
- Production line machinery
- Automated equipment
- Robotics systems
- Hardware
- Specialized equipment (ex: lab material)
- Commercial vehicles
- Renewable energy and waste management equipment
- And more
You’re in good hands
Choosing a loan is about more than just interest rates. The fine print is just as important—and our terms and conditions are designed to give you more flexibility and financial control over your business.
We’re there in good times and in bad
We’ve supported our clients through market downturns and other events beyond their control.
We're not one size fits all
We take the time to review your business needs and offer solutions that leave you enough breathing room to realize your goals.
We’re committed to you long-term
We won't change our terms and conditions or demand early repayment without a valid reason.
Equip your business for success
Breathe easy with interest-only payments
Take a break on us and pay only interest for up to the first 24 months of your loan.
Get extra cash to cover extra costs
Finance up to 125% of the purchase price of your equipment to help cover extra expenses like shipping, installation and training.
Repay, your way
Keep cash in your business and take up to 12 years to repay your loan. You can also match your payments to your cash flow cycle for added flexibility.
Take time to find the right equipment
Benefit from additional credit availability for up to 2 years to help you finance future purchases.
Let’s build your success together
As Canada’s bank for entrepreneurs, we complement the role of other banks. We take on more risk, offer flexible financing and provide sound advice to help you build a strong, successful and resilient business.
Should I lease equipment or finance it with a loan?
Leasing and financing meet different needs. An equipment loan is often the right choice when you want to own the equipment and spread the cost over time. Leasing equipment, on the other hand, may suit businesses that prefer to use equipment but don’t want to take ownership. An equipment loan can also be a way to invest in assets that support long‑term business growth.
Do you offer equipment lines?
Yes. If you qualify, you can access an equipment line to purchase the equipment you need over a 12- to 24-month period (depending on the sector in which your business operates). The rates and terms are guaranteed. Once your purchases are complete, you’ll have a 6-year repayment period. Funds are released as you need them—if you stay within your pre-approved limit—so you can acquire on your own schedule, with no surprises.
Is a down payment required for equipment financing?
How long can equipment be financed for?
If you qualify, you may be able to postpone capital payments for up to 24 months at the start of the loan. This can be followed by a repayment period of up to 12 years. The exact loan term is determined during the financing assessment.
Read this article for more information on the basics of equipment financing.
What interest rates apply to equipment financing?
Interest rates for equipment loans vary based on factors such as your business profile, the type of equipment you want to finance and the loan structure. The final rate is confirmed during the application review.
What documents are required to apply for equipment financing?
For more financing topics, take a look at our FAQ.
The BDC difference
“ I’m a relationship builder, so we’re loyal to BDC because the bank really wants us to succeed. With their financing, we’ve been able to grow a profitable business. ”
Keep your business running at its best
*Conditions apply. Subject to loan approval.