Frequently Asked Questions

Straight Answers To The Questions We Hear Most.

Transparent answers about how we work, what to expect, and what financing might look like for your business.

Getting Started

How do I get started?

It starts with a conversation. Tell us about your business and the equipment you're looking at — it takes about 3 minutes. No impact to credit to get started, and no commitment required.

Is there a minimum time in business requirement?

No minimum. We work with businesses from day one of incorporation. The options available depend on your business stage, but we have solutions for new and established businesses alike.

What types of businesses do you work with?

We specialize in Western Canadian businesses across all industries — construction, transportation, agriculture, oilfield, manufacturing, healthcare, professional services, technology, and more. If you're a business that needs equipment, we can likely help.

Do I need to use the equipment in Canada?

Our programs primarily serve businesses operating in Western Canada. Equipment must be used for business purposes within Canada. Talk to us if your situation involves cross-border equipment use.

Credit & Qualification

Do you look at the whole business or just a credit score?

We look at the whole business: your goals, your contracts, your momentum, and your plans, not just a single number. All credit ratings are welcome to apply. A credit score is one part of the picture, not the whole story. Traditional lenders ask what happened. We ask where you're going.

Can I apply after a major financial setback?

Yes. These situations are reviewed case by case. Recency, current business health, and the equipment type are all factors we consider as part of the full picture.

Will getting started affect my credit score?

An initial conversation to understand your situation has no impact to credit. We discuss your options before any formal credit submissions that may show on your bureau.

Do you require a personal guarantee?

For many small business applications — especially new businesses — a personal guarantee from the business owner is standard. We will explain exactly what is required before you commit.

Equipment & Financing

What types of equipment can I finance?

Almost any business-use equipment — vehicles, trailers, heavy machinery, agricultural equipment, manufacturing equipment, medical devices, technology, and more. If it's used in your business, there's likely a financing solution.

Can I finance used equipment?

Yes. New, used, and refurbished equipment all qualify. The equipment's age, condition, and market value factor into the program available.

What size transactions do you handle?

We finance everything from small purchases to large fleets. The right structure depends on the equipment and your business — we'll talk through what fits.

Can I finance equipment from a private seller or auction?

Yes. We specialize in private sale and auction financing. Reach out before bidding so you can act quickly when you win.

Rates & Terms

What can I expect in terms of structure?

We structure solutions around your business — your cash flow, your goals, and the equipment itself. Terms are always transparent before you commit, with no surprises.

What term lengths are available?

Most programs offer a range of term lengths to align with your cash flow and the equipment’s useful life. We’ll walk you through what fits your business.

Can I make a lump-sum payment or pay off early?

Early buyout options vary by lender and program. Many agreements allow early buyout, sometimes with a modest fee. This is always disclosed upfront.

Are there any fees?

Some lenders charge documentation or origination fees. We disclose all fees before you sign — there are no hidden costs at LeaseVantage.