PCC works with a finance group in the Canada that offers business financing of up to $550,000, with terms ranging from 6 to 15 months and an average approval time of 5 to 7 business days. The program is open to certain industries, such as retail, restaurant, and manufacturing, but excludes others such as skilled workers and real estate agents. To be eligible, businesses must have been operating for at least 3 to 6 months and have a minimum of 4 deposits into their bank account per month, as well as an average monthly gross revenue of at least $10,000. The loan program also offers a 10% discount on the outstanding balance if the loan is paid out early in a lump sum payment.

Equipment financing is a type of financing that allows businesses and individuals to acquire equipment for their operations without having to pay the full purchase price upfront. In Canada, equipment financing is commonly used in a variety of industries, including agriculture, construction, transportation, medical, and dental.

There are several different types of equipment financing available in Canada, including leases, loans, and lines of credit. Each type of financing has its own unique features and benefits, so it’s important to carefully consider your options and choose the one that best fits your needs and circumstances.

One common option for equipment financing in Canada is a lease. With a lease, the lender owns the equipment and leases it to the borrower for a specified period of time. The borrower makes regular payments over the term of the lease, and at the end of the term, they may have the option to purchase the equipment for a predetermined price or return it to the lender.

Leave A Reply

Your email address will not be published.