Conditional Sales Contract or Loan Security Agreement
These types of conventional loan financing are offered on equipment with a fixed interest rate for the term of the contract. Customers are provided a constant monthly payment that will work within their budgetary needs in order to own the vehicle by the end of the term. When financing your equipment, the terms and payments can be tailored for each customer’s business needs. Customers can choose options such as:
- HST/GST ballooned on the fourth payment to allow customers the time to obtain the reimbursement from CRA
- Skip or modified payments for customers who may have seasonality concerns.
- Customers can be offered extended terms depending on the equipment
Whether customers require financing for a single unit or multiple units, we are able to finance any size of transaction.