Equipment Purchase Financing in For Your Small Business

One of the greatest expenses when starting your own small business in Canada is the equipment purchase. No matter what business you are in, equipment costs add up and there goes a large chunk of money you had for your business. But you can’t do without.

This is one of the main reasons why entrepreneurs across Canada are asking about equipment purchase financing.

Is there financing or funding to help small business owners fund their equipment purchase?

There sure is!

What exactly falls into the equipment category?

Business equipment is tangible property used in a business. Equipment is considered as more permanent, longer lasting than supplies, which are used up quickly. The term equipment includes machinery, furniture, and fixtures, vehicles, computers, electronic devices, office machines, Equipment does not include land or buildings owned by a business.

Please note that when applying for equipment purchase funding you will need to ensure that the equipment you are seeking to purchase is only used for business purposes and not personal.