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accord services equipment financing hero

Equipment Financing
Provides Fast, Tailored
Growth Capital

ACCORD EQUIPMENT FINANCE SERVES A BROAD RANGE OF INDUSTRIES ACROSS CANADA

For over 20 years, Accord’s Canadian equipment finance team has provided lease and loan financing that span smaller enterprises, middle market businesses and private equity sponsored companies.

Need construction equipment or heavy equipment financing? Experienced in a wide range of business sectors, we serve a diverse set of industries across Canada:

  • Manufacturing
  • Distribution & Logistics
  • Mining & Forestry
  • Food & Beverage
  • Pharmaceutical / Medical / Healthcare
  • Technology
  • Telecommunications

Instead of purchasing equipment outright with a credit card or valuable cash, consider our range of equipment financing options. They can help create new paths for revenue and growth. When opportunity knocks, call Accord Financial.

Whether you need new equipment or seek to leverage existing assets, it’s important to choose the right financial partner for your business.

Is Equipment Leasing the Right Path for Your Business?

You need the right equipment to get the job done, but finding the optimal equipment financing solution can be a challenge. Should you buy direct from the equipment manufacturer, from a local dealer, or used in a private sale? Is equipment leasing worth it? Do you need flexible payment terms? What if your business is seasonal? Can you leverage your existing equipment to grow your business? Accord can help you navigate your unique situation to meet your equipment needs.

When your business already owns equipment but you need to generate cash for an acquisition, expansion, operations or other purposes, you can use existing assets as collateral for a new lease or equipment financing loan. This is a non-dilutive way to unlock working capital.

When business owners need new equipment or want to leverage existing equipment to achieve their plans for growth, you can count on Accord to build an equipment financing solution for your business.

We approach our business with the same entrepreneurial spirit that you bring to yours. As business builders, we understand what it takes to succeed.

How Equipment Lease and Loan Financing Can Help Canadian Companies

When a business opportunity requires equipment financing to move forward, it is rarely straight forward. We invest the time to understand your company, the merits of the capital request, and help you seize the opportunity.

Accord provides a wide variety of equipment financing options to secure the equipment your business needs, including: leases, loans, sale leaseback and lines of credit. Financing equipment is a cost-effective and tax-efficient way for your business to acquire assets (whether new or used). Accord considers almost all asset and equipment types including in-place, used and non-conventional equipment.

Best of all, business equipment financing offers compelling advantages over other forms of financing and keeps your cash and credit lines available for other uses, such as staffing, marketing and paying suppliers.

  • Leasing is independent of long-term or working capital debt
  • Pay for your equipment as it generates incremental revenue by matching a term, a contract, ownership exit, or equipment useful life
  • Fixed monthly payments make equipment financing a good hedge against inflation
  • Payments required for the lease can be tax deductible and reduce income tax liability
  • Trade up or upgrade your equipment at any time to avoid technical obsolescence

Equipment financing solutions for Canadian businesses that are overlooked and under-served by the large financial institutions.

Look beyond the banks for fast, flexible solutions

Many large financial institutions prefer not to provide equipment financing solutions, except to their larger corporate clients. As a result, many small business owners strain their cash flow by purchasing the equipment they need upfront, putting unnecessary pressure on their liquidity, which can lead to financial distress over time.. Accord is ready to step in when the Canadian banks don’t.

If you have bank financing in place, Accord can supplement with additional funding for situations or equipment that the bank won’t consider. Accord’s mission includes supporting businesses with growth and liquidity when needed—not just when it’s attractive to the lender.

With Accord, you will have an experienced team that is dedicated to helping your business thrive. As our relationship develops, and your needs evolve, we will be there to help.

Accord invests off its own balance sheet, which gives you two distinct advantages:

  • Flexible equipment financing solutions that may not be available from more regulated lenders
  • Your relationship team works with you from funding to end of lease—no third parties to navigate

Our specialists review the credit score, history, and more for many business owners. Accord also offers equipment financing directly through equipment vendors. We create financial programs matched to each vendor’s client profile to achieve a mutual goal: grow revenue.

Leasing equipment doesn’t have to be a strain. Find out more about our equipment loan financing options and the variety of financing services we provide. Contact us today!

accord services equipment financing faq

Frequently Asked Questions

The typical range of opportunities we fund is from $500,000 to $20 million. We also partner with banks and other financing organizations to help companies reach the level of financing they need.

Typically, 100% of the hard equipment cost is capitalized in the lease. Soft costs, such as installation, delivery, maintenance agreements and sales tax, can be included in the capitalized lease amount. While every situation is different, our goal is to make sure you have what you need to achieve your objectives.

Our leases and loans have base lease terms up to five years and are matched to equipment useful life and expected usage/need.

Equipment loans and leases under $1 million in value can be reviewed with representative company financial information, equipment specifications, and owner review. Business loans and leases over $1 million require a more holistic review of the lessee takes place, including but not limited to:

  • Financials
  • Ownership
  • Market Analysis
  • Equipment Specifications
  • Other factors

For transactions under $1 million, prospective clients know within a few business days. Transactions over $1 million require a more holistic lessee review, whereby approvals can take up to 2 weeks.

As highly regulated institutions, bank leasing divisions are typically restricted to higher credit quality lessees and offer standard lease products/structures. Accord is an alternative lender that focuses on small enterprises and the middle market (<$1B revenue) non-investment grade lessees. We tailor each equipment financing option to each company.

Accord’s advantage compared to brokers is that we have a strong balance sheet to fund leases directly. Accord typically seeks to hold up to $20 million for each lessee and its Capital Markets desk can place additional transaction value with peer lessors, if needed.

We fund directly in Canada and also work closely with partner lenders to deliver funds for various needs in the U.S. Accord prides itself on providing customized financing options.