Important Disclosures
Key Disclosure: Canada Equipment Finance is an equipment finance broker. We are not a lender. We do not make credit decisions, fund loans, or set interest rates. Our role is to connect businesses seeking equipment financing with appropriate lending partners.
Our Role as a Broker
Canada Equipment Finance operates as an intermediary between businesses seeking equipment financing and lending companies that provide such financing. Specifically, we:
- Receive and process financing applications
- Assess which lenders may be appropriate for your situation
- Submit applications to lenders on your behalf
- Facilitate communication between you and potential lenders
- Provide general guidance on the financing process
We do not make lending decisions, approve or deny applications, or determine interest rates or terms.
How We Are Compensated
We do not charge applicants any fees. Our services are free to you.
We receive compensation from our lending partners when financing is successfully completed. This compensation typically takes the form of:
- Referral fees paid by the lender
- Commission on the financed amount
Our compensation does not increase the cost you pay for financing—it comes from the lender's margin, not from additional charges to you.
Potential Conflict of Interest: Because we receive compensation from lenders when transactions close, we have a financial incentive to facilitate financing transactions. While we strive to match you with appropriate lenders for your situation, we encourage you to carefully review all offers and terms before proceeding.
Lender Independence
The lenders in our network are independent financial institutions. We do not control:
- Their approval criteria or decisions
- Interest rates, fees, or other terms they offer
- Their underwriting processes
- Their customer service practices
- Their privacy practices
Once you enter into a financing agreement with a lender, your legal relationship is with that lender, not with Canada Equipment Finance.
No Guarantees
We cannot and do not guarantee:
- That you will be approved for financing
- Specific interest rates or terms
- That financing will be available for any particular equipment
- Any particular outcome or timeline
All financing is subject to credit approval by independent lenders based on their own criteria.
Credit Inquiries
We do not perform credit checks ourselves. However, by submitting an application:
- You authorize us to share your information with lending partners
- You authorize lenders to perform credit inquiries as part of their evaluation
- Lenders may perform "soft" inquiries (which don't affect your credit score) initially
- If you proceed with a financing application, lenders will typically perform a "hard" inquiry (which may temporarily impact your credit score)
Licensing
Equipment financing brokerage in Ontario does not require licensing under the Mortgage Brokerages, Lenders and Administrators Act (MBLAA), which applies specifically to real estate-secured mortgages. We operate in compliance with applicable Canadian business and consumer protection laws.
Relationship with Axbridge
Canada Equipment Finance is a division of Axbridge, a marketing and business services company based in Ontario, Canada.
Questions?
If you have questions about our services, our relationship with lenders, or how we are compensated, please contact us:
Canada Equipment Finance
Email: info@canadaequipmentfinance.ca
Phone: (416) 555-1234
Toronto, Ontario, Canada