Acquire new or used equipment without the upfront cost.
Equipment financing is a smart solution for businesses looking to acquire new or used equipment without the upfront cost. This financing option allows companies to spread out payments over time, making it easier to manage cash flow and budget effectively. With equipment financing, businesses can stay competitive by upgrading their machinery, technology, and other essential tools without the financial strain.
At Clean Ontario, we understand the importance of having the right equipment to keep your business running smoothly. That’s why we’ve partnered with industry leaders CWB National Leasing and Easylease to provide flexible and competitive financing solutions tailored to your needs. Whether you need new farming equipment, construction machinery, or office technology, our financing options can help you achieve your goals with ease and confidence.
Why Choose Clean Ontario for Equipment Financing?
By choosing Clean Ontario, you are partnering with a company committed to your success. Our focus is on providing you with the best financing options that enable your business to thrive and grow.
Choosing Clean Ontario for your equipment financing needs comes with a range of unique advantages designed to support your business growth and efficiency. Here’s why we stand out:
Competitive Rates
We offer some of the most competitive interest rates in the industry, ensuring that you get the best value for your investment. Our rates are designed to fit within your budget and financial plans.
Flexible Terms
We understand that every business has unique needs. That’s why we provide flexible financing terms that can be customized to suit your specific requirements. Whether you need short-term or long-term financing, we have options that work for you.
Fast Approval Process
Time is money, and we don’t waste yours. Our streamlined application and approval process ensures that you get the financing you need quickly, so you can get your equipment up and running without unnecessary delays.
Dedicated Customer Support
Our team of experts is always here to help you. From the initial application to the final payment, we provide dedicated support to ensure a smooth and hassle-free experience. You can rely on us for guidance and assistance at every step.
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How it works
Equipment financing allows businesses to acquire essential equipment without the burden of an upfront full payment. Here’s how the process works:
Types of Financing Available
Lease Financing
With lease financing, you can use the equipment for a specific period while making regular lease payments. At the end of the lease term, you may have the option to purchase the equipment, renew the lease, or return the equipment.
Loan Financing
Loan financing involves borrowing a lump sum to purchase the equipment. You repay the loan over time with interest. Once the loan is paid off, the equipment fully belongs to you.
Lease-to-Own
This hybrid option allows you to lease the equipment with an option to buy it at the end of the lease term. This is a great option if you want to spread out payments and eventually own the equipment.
Compare Your
Financing Options
FINANCING OPTIONS
CWB National Leasing
CWB National Leasing is a leading provider of equipment financing solutions in Canada. With a strong reputation for reliability and customer service, they offer tailored financing options to help businesses of all sizes acquire the equipment they need to succeed. Their expertise spans across various industries, making them a versatile partner for your financing needs.
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Lease Financing
CWB National Leasing provides lease financing options that allow businesses to use equipment for a specified period while making regular lease payments. This option helps preserve cash flow and offers flexibility at the end of the lease term, including the ability to purchase the equipment, renew the lease, or return the equipment.
Customizable Plans
They offer a range of customizable financing plans to meet the unique needs of different businesses. Whether you need short-term or long-term financing, CWB National Leasing can tailor a plan that fits your specific requirements and budget.
FINANCING OPTIONS
Easylease
Easylease is a Canadian-based equipment leasing and financing company known for its flexible and innovative financing solutions. Easylease provides various financial products tailored to meet the unique needs of different industries. They offer competitive rates, swift approvals, and convenient online applications, making them a preferred partner for many businesses.
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Lease-to-Own Options
Easylease offers lease-to-own programs, which allow businesses to lease equipment with the option to purchase it at the end of the lease term. This option is beneficial for businesses that want to spread out payments and eventually own the equipment they are using.
Sale and Leaseback
This program enables businesses to sell their existing equipment to Easylease and lease it back over a fixed term. This provides immediate capital that can be used for other business needs while retaining the use of the equipment.
Lease Line of Credit
Easylease provides a Lease Line of Credit, allowing businesses to pre-approve a credit line for equipment needs. This line of credit can cover multiple pieces of equipment under one master lease, offering flexibility and convenience.
Asset-Based Lending (ABL)
This option allows businesses to secure a loan based on their existing assets, such as inventory, equipment, or accounts receivable. It provides a way to leverage business assets to obtain needed funds.
Lease Financing for Leasehold Improvements
Easylease also offers financing for leasehold improvements, such as remodeling or expanding retail stores, franchises, or office spaces.
FREQUENTLY ASKED QUESTIONS
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General Financing Questions
What types of equipment can be financed through Clean Ontario?
Clean Ontario, in partnership with CWB National Leasing and Easylease, offers financing for a wide range of equipment, including agricultural machinery, construction equipment, medical devices, office technology, and manufacturing tools. For specific equipment inquiries, please contact our support team.
What is the typical interest rate for equipment financing?
Interest rates vary based on factors like equipment type, financing term, and your business’s financial health. Clean Ontario offers competitive rates tailored to your needs. For an accurate quote, please complete our online application or contact our financial advisors.
How long does the approval process take?
The approval process usually takes a few business days, depending on the application’s complexity and documentation completeness. Clean Ontario ensures a swift and efficient process to help you acquire your equipment quickly.
Can I finance used equipment?
Yes, Clean Ontario offers financing for both new and used equipment, providing flexibility to meet your business needs while managing costs effectively.
Application Process
What documents are required for the financing application?
Required documents typically include financial statements, tax returns, and a list of the equipment you wish to finance. Additional documentation may be requested based on your specific situation.
Is the application process entirely online?
Yes, the initial application process is entirely online, providing a convenient way to submit your information and receive updates on your application status.
What happens if my application is denied?
If your application is denied, our team will provide feedback and guidance on improving your application for future submissions. You may also be eligible for other financing options.
How do I check the status of my application?
You can check the status of your application by logging into your account on our website or contacting our customer support team for updates.
Financing Terms and Conditions
What happens at the end of a lease term?
At the end of the lease term, you can purchase the equipment, renew the lease, or return the equipment, depending on your lease agreement terms.
Are there penalties for early repayment?
Early repayment terms vary by agreement. Some plans may include early repayment penalties, while others do not. Review your financing agreement for specific details.
Can I customize the repayment schedule?
Yes, Clean Ontario offers flexible repayment schedules tailored to your business’s cash flow and financial needs. Discuss your options with our financial advisors.
What is the difference between lease financing and loan financing?
Lease financing involves making regular lease payments for equipment use, with options to purchase at the lease term’s end. Loan financing involves borrowing a lump sum to purchase equipment, with repayments over time, resulting in outright ownership once the loan is paid off.
Benefits and Advantages
Are there tax benefits associated with equipment financing?
Yes, lease payments and loan interest may be tax-deductible as business expenses. Consult a tax professional to understand how these benefits apply to your situation.
How does equipment financing help with cash flow management?
Equipment financing spreads out payments over time, preserving your working capital for other operational needs and improving cash flow management.
Can I finance multiple pieces of equipment under one agreement?
Yes, Clean Ontario allows financing multiple pieces of equipment under a single agreement, simplifying the management of your financing.
What support is available during the financing period?
Clean Ontario provides dedicated customer support throughout the financing period, assisting with any questions or issues that may arise.
Specific Financing Options
How does lease-to-own financing work?
Lease-to-own financing allows you to lease equipment with the option to purchase it at the end of the lease term. This spreads out payments and provides an eventual path to ownership.
What is a sale and leaseback option?
Sale and leaseback involves selling your existing equipment to Clean Ontario and leasing it back over a fixed term. This provides immediate capital while retaining the use of your equipment.
What is a Lease Line of Credit?
A Lease Line of Credit is a pre-approved credit line for equipment needs, covering multiple pieces of equipment under one master lease, offering flexibility and convenience.
Are maintenance and service included in the lease agreements?
Some lease agreements may include maintenance and service, reducing the risk and cost of equipment faults or breakdowns. Review your specific lease terms for details.
