Choose a country
Choose a city
Choose a city
Choose a language
Select country
Choose a country
United States
Việt nam
Leasing company
Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.



About lender

Equilease is a Canadian lease financing company established in 1991 in Toronto to help businesses grow. The company deals with small businesses and entrepreneurs, providing financing solutions to acquire the necessary equipment. They operate across Canada and finance almost every kind of equipment for businesses of all sizes, from entrepreneurs to larger commercial enterprises.


Equilease is not a traditional lender; it is an equipment leasing company. Equilease cooperates with businesses and entrepreneurs, leasing all types of new and used equipment assets.

The company deals with businesses from almost all industries such as offices, media and photography, transportation, landscaping, construction, manufacturing, dental industry, medicine, software, etc.

Several leasing options offered by Equilease can be adjusted and customized:

  • lease to own

  • stretch/structured lease fair market value

  • pre-approvals with no obligations

  • sale leaseback

  • equity take out on unencumbered used equipment.

The company and its customers build a plan suitable for a customer’s business and decide on the terms and payment options that suit their budget. Moreover, if a customer decides to take the necessary equipment on lease, they do not have to pay the federal and provincial sales taxes upfront, but they will have to pay it in small amounts during the lease term. Equilease helps customers create a financing plan that meets their growth and cash flow objectives; it offers a variety of leasing options that can be customized by its expert leasing advisors to meet clients’ growth and profit objectives.

In addition, they help customers upgrade equipment by returning it and trading up and offer flexible age restrictions on used equipment.

Pros and cons

Nevertheless, Equilease has several pros and cons that impact customers’ decisions.


  • The company helps businesses to grow and develop by providing them with the necessary equipment.

  • The company provides all types of equipment.

  • Equilease operates in many different industries.

  • The company has many leasing options.

  • Leasing doesn’t require paying down federal and provincial taxes upfront.

  • Leasing allows customers to make small monthly payments rather than take a loan or have a large cash outlay.

  • Conditions of leasing are flexible and can be adjusted by customers according to their needs and possibilities.


  • The website of the company doesn’t contain sufficient information about the terms and conditions.

  • The business is not BBB accredited.

Equilease has several advantages, for example, a vast range of leasing financing services so customers can find the most suitable one. Also, they operate across the whole country and offer new and used equipment for many industries.

Nevertheless, there is a couple of disadvantages, such as insufficient information on the terms on the company’s website.

Loan conditions

If a customer is interested in the services provided by Equilease, they will need to fill out a small online form on its website and mention their name, surname, email, phone number, and the desired service. After that, the company’s operators will approach the client to specify what they need and build a plan of lease financing.

The conditions of cooperation with this company are flexible and can be adjusted according to clients’ needs. The company’s experts will help customers build the financing plan and adjust repayment frequencies, amounts, and leasing terms. However, there are some basic requirements that customers must fulfill. First, clients must be at least 18 years old, be Canadian citizens, have an active business, and provide a business card worth of information.

Unfortunately, there is no precise information about the lease financing conditions on the company’s website. However, it is essential to note that Equilease allows customers to adjust most conditions according to their budget.

Methods of loan funding

When customers are done with the application, they are approached by the company’s operators to develop the financing plan. When they are done with that and approved by the company, the required equipment can be delivered on the same day. Equilease does not specify the way the funds are delivered to clients.


What is Equilease?

Equilease is a Canadian company that helps businesses to grow and develop. They have operated since 1991 and provide companies and entrepreneurs with customized financial solutions to acquire the required equipment via a simple and efficient leasing process. The company provides lease financing services with adjustable and flexible conditions. They offer several leasing options and deal with businesses from entirely different industries.

Who owns Equilease?

Equilease is a private business owned by its president, Gary Silverhardt, who is also the CEO of North Mill Equipment Finance.

How do you qualify for Equilease?

To qualify for leasing by Equilease, a customer must be older than 18, be a Canadian citizen, have an active business, and provide the company with a business card worth of information. 

How much can you borrow from Equilease?

The company provides customers with equipment of all types and costs, so clients’ budgets and requirements only limit the equipment price.

Is it a legitimate company?

Equilease is a legitimate company. It is a member of the Canadian Finance & Leasing Association. Its legal address is 41 Scarsdale Road Unit 5 Toronto, ON M3B2R2. Equilease has been around for more than 20 years.

Company documents

Terms & Conditions
Privacy Policy

Let us do the work for you – just bring us a quote and let our team handle the rest.

© Equilease

Calculate loan payments at Equilease

With Equilease calculator you can calculate an approximate payment schedule for the loan

Equilease calculator
Interest rates are given in accordance with the rates of the bank in Ottawa as of 25.09.2022
Loan amount

Specify the desired loan amount

1000 $
100000 $
Loan term

Specify the loan term for the calculation

Your comment has been added
Your complaint has been recorded
Invalid username or password
Please log in to like/dislike
Invalid SMS code has been entered
All Equilease’s reviews by September 2022
Leave feedback

Similar companies

Polaris Leasing
License No. 133306555
2-396 Assiniboine Avenue, Winnipeg, Manitoba R3C 0Y1
2949 17 Avenue Southeast Calgary, Alberta
License No. 868946146
23 Lesmill Rd. Ste 302 Toronto, Ontario M3B 3P6
Alphera Financial Services
License No. 1147027743
Richmond Hill, Ontario, 50 Ultimate Drive