Asset Backed Line of Credit

Our equipment line of credit agreements will get you all the equipment you need without tanking your bottom line.

Our services

Financing that works in your favour

Having access to the right equipment is essential for your success. But purchasing equipment outright is often too big a financial burden to bear for scaling businesses. Our flexible equipment line of credit solutions will provide you with the tools you need at a fraction of the upfront cost, so you can drive growth while preserving your cash flow.

A straightforward approach to equipment financing

We're here to take the complexity out of equipment financing.

Get in touch

Reach out and fill out a form to let us know about your business and financing needs.

Get a consultation

Talk with one of our equipment finance professionals so they can learn more about your business needs.

Get approved

We'll build a custom solution with flexible terms tailored to the requirements of your business.

Get your equipment

With agreement terms established, we provide your financing so you can buy and use your new equipment immediately.

flexible approach to equipment financing

Making an outright equipment purchase is often a cost too far for industrial businesses. That leaves financing as the ideal option. But with conventional lenders, your eligibility for a line of credit is dependent exclusively on your financial history. If your cash flow isn’t perfect, you won’t get the funds. Period.

We want to change that. Our revolving lines of credit let you purchase equipment that you need by using that equipment as collateral. This lets you secure a more favourable deal, offers more flexibility, and gives you more opportunities to get high-quality tools that support your growth.

Why choose us? We look at more than just your business credit score when determining your eligibility for finance. Because we know that a business’s worth often lies beyond what can be quantified on a chart.

If you want a financial partner that puts your success first, we’re here for you.

Why choose Essex Lease?

We'll take the time to understand your goals so we can create a flexible business line of credit solution that gets you the tools you need without putting strain on your cash flow. Here are a few reasons we're the team for you:

A Targeted Approach

We'll build a tailored solution from the ground up to align with your unique objectives, because our goal is to help you reach yours.

Independent Lender

We don't work like a traditional bank. We can approach problems from unique perspectives and use creative approaches to help you overcome obstacles.

Adaptability

Our revolving equipment lines of credit mean we can scale our solution to adapt as your business evolves.

Efficiency

Time is an asset in your industry. We create solutions to tight deadlines so you can get your funds quickly and efficiently.

The characteristics that set us apart.

Integrity

We value trust and transparency. We mean what we say and always provide straightforward solutions that address your needs head-on.

Expertise

We've supported Canada's industrial companies since 1986. Our professional skillset is your asset.

Adaptability

Your business is unique. We'll create a strategy that's unique, too, ensuring you get a personalized plan fit for your circumstances.

Testimonials

What our clients say?

"We are thrilled to share our outstanding experience with Essex Lease Financial Corporation, a company that truly understands the needs of growing businesses like ours."

Carolynn Quigley

Director, Westchester Development Corp.

frequently asked questions

The questions you’ve been asking

What is an equipment line of credit?

An asset-based line of credit is a flexible financing solution that allows businesses to leverage their assets—such as equipment, real estate, inventory or receivables—as collateral to secure revolving access to funds. Unlike traditional loans where you receive a lump sum upfront, an asset-based line of credit gives you the ability to draw funds as needed, making it easier to manage cash flow and repay. This type of financing is particularly beneficial for businesses that may not meet strict bank covenants or that have fluctuating cash flow, but still have valuable assets to support their borrowing needs.

What's the difference between asset-based lending and equipment line of credit?

Key Differences:
Asset-Based Lending: Secured by various business assets and can be used for a wide range of needs, from working capital to growth.
Equipment Line of Credit: is essentially a preapproval for equipment acquisitions.

Why is your status as an independent lender beneficial for me?

Being an independent lender means we can make creative, client-first decisions to help you overcome obstacles and grow. While banks typically focus on strict covenants and historical cash flow, we take a different approach that offers greater flexibility to our customers. As an equity and asset-based lender, we look at the bigger picture to assess what we can offer.

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