The last 12-18 months have been a tumultuous time in the Canadian equipment finance industry. Driven largely by a historic downturn in the long-haul trucking industry post-2022, lenders have faced unprecedented levels of delinquency and loan losses over the past 2 years. This has resulted in a number of equipment finance companies going out of business completely, while several others have sold some or all of their equipment portfolios and focused their lending elsewhere.

So what does this mean for you? Financing requests that have previously been routine are now being met with more scrutiny by the credit departments. Lending sources that have historically been available to you may have changed their appetite significantly, or even worse, stopped lending to your industry entirely. As a result, you may be wondering where to start as you look to finance your next equipment purchase.

How can we help? Now more than ever, you need an equipment financing partner that is truly dialed into the current market landscape. Applications that may have been a “slam dunk” in the past now require the expertise of an experienced broker to ensure an approval at the most competitive terms available. The team at Carbon Capital lives and breathes equipment finance and we have our finger on the pulse of industry at all times. Not only do we have many lenders at our disposal, we also know which ones are best suited to your specific transaction based on current credit appetites. This means you only need to make one call – to us – to ensure you are getting the best deal possible on your next financing request. Why not make that call today?