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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.

Peel Financial


About lender

Peel Financial is a Canadian equipment financing provider serving businesses across various industries.

Peel Financial claims to be Canada’s most significant equipment financing source. Founded in 2002, the company has gained over 20 years of experience providing financing solutions. Peel Financial offers loans and leasing options for various types of equipment, including transportation, construction, industrial, medical, and commercial.

According to their website, Peel Financial strives to be the most customer-focused leasing company supporting small to mid-sized businesses. Honest and genuine long-term relationships with clients are their priority as well. The company’s mission is to ensure an easy and transparent leasing process and find the best leasing solution tailored to a client’s needs.


Peel Financial provides the following services:

  • Lease and loan

  • Refinancing

  • Engine repairs

  • Factoring

  • Equipment line of credit

The company serves businesses of all sizes across various industries. With Peel Financial, you can source multiple types of equipment, including:

  • Transportation Equipment

  • Construction and Industrial Machinery, including CNC

  • Medical Equipment

  • Restaurant Equipment and Food Truck

  • Office & Small Business

  • Manufacturing & Warehousing

As stated on the website, Peel Financial offers low-interest rates and a fast turnaround for its financing solutions. In addition, they provide to fill in the form on their website to get a free quote.

Pros and cons

If you need to source equipment for your business, Peel Financial might be a good option for you. Here are the pros of working with this company:

  • Access to a variety of financing options from a vast network of partner lenders

  • The highest approval rate among the Canadian equipment financing companies

  • Dedicated leasing professionals working with clients to ensure the best financing deals for them

  • Easy online application, quick approval, and same-day funding

  • Availability of both secured and unsecured loans

  • Flexible leasing payment options — choose between a 10% payout, fixed payout, or fair market value

  • An opportunity for seasonal businesses to skip lease payments in the slow times

  • Interest-only payments for up to 6 months

  • Larger payments at the beginning of the lease if the down payment is too high all at once

  • Flexible interest rates defined based on your credit score and cash flow

Along with the pros, there are potential drawbacks to be aware of:

  • The company operates mainly in Ontario and British Columbia, so its services may not be available across the whole country

  • With a poor credit record, you won’t be eligible for an unsecured loan, and the loan conditions will be worse

A variety of financing options, quick and easy application and approval, and flexible repayment plans are definite advantages of Peel Financial. However, disadvantages are potentially limited availability across Canada and dependence of financing conditions on credit history and cash flow.


With Peel Financial, leases and loans can obtain the required equipment.

With leasing, Peel Financial offers a variety of payment structures tailored to your business’ need:

  • For seasonal businesses, there is an option to skip payments in the slow times

  • For up to 6 months, you can pay only the interest until the equipment starts bringing income

  • In case the down payment is too high, you can opt for larger payments at the beginning of your lease

Peel Financial offers both secured and unsecured loans. To get a secured loan, you must have an asset as collateral. With an unsecured loan, you don’t need collateral. However, your credit record and cash flow should be eligible to qualify for a loan.

The interest rates start at 2.5%. You can borrow from $5.000 for 2-10 years.

Methods of loan funding

Peel Financial doesn’t specify loan funding methods on the website. You can contact their customer care service to clarify this information:

  • Phone — 905 456 8989

  • Email —

However, according to an alternative source, funding can be performed via EFT, Direct Deposit, or Cheque. The funds are delivered within one week.


What is Peel Financial?

Peel Financial is a Canadian equipment financing company. The company offers loans and leases to obtain equipment of various types — transportation, construction, industrial, medical, and commercial.

Who owns Peel Financial?

Peel Financials’ current owner and President is Sukh Dhaliwal.

How do you qualify for Peel Financial?

Peel Financial offers different financing solutions — leases, loans, and refinancing. So, the eligibility requirements may differ depending on the solution you apply for and the financing you need.

In general, to get favorable financing conditions, your business should pass the following eligibility criteria:

  • A good credit rating and payment history

  • A sufficient cash flow

  • Assets to offer as collateral (for secured loans)

To proceed with your application, fill in the form on the website with your details and information about the financing you need.

How much can you borrow from Peel Financial?

Peel Financial’s website says they can help you finance equipment of any cost — from a laptop to a multi-million dollar piece of equipment. Alternative sources specify the minimum amount to borrow - $5,000.

For more detailed information on this matter, contact Peel Financial’s customer care service:

  • Phone — 905 456 8989

  • Email —

Is Peel Financial a legitimate company?

Peel Financial has been providing financial solutions for over 20 years and has gained many Canadian businesses' trust. The company partners with over 30 lenders across Canada.

Peel Financial’s head office is at 180 Wilkinson Road, Unit 19 Brampton, ON – L6T 4W8. It works Monday through Friday from 9:00 am to 6:00 pm, and Saturdays from 11:00 am to 4:00 pm.

Peel Financial is Canada’s largest equipment financing source with over 20 years of experience providing innovative and affordable financing solutions to businesses across various industries throughout Canada

© Peel Financial

Calculate loan payments in Peel Financial

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What to pay attention to when applying for a loan from Peel Financial

  1. The company must have a license if it runs business in Alberta, British Columbia, Manitoba, Ontario and Quebec.
  2. You can check the availability of the relevant license (copy) at the branch of the lending company.
  3. Membership in a self-regulatory organization (SRO) is an additional guarantee of the reliability of the lending company. This information can also be checked at the company's branch or on its official website.
  4. Availability of lending policies.
  5. The procedure for applying for a loan.
  6. The procedure for concluding the loan agreement and receiving the payment schedule.
  7. Other conditions for granting loans.

We recommend

  1. To check out the interest rates and frequency. 
  2. Check the availability of individual terms in the loan agreement (principal amount, term, date of advance, etc.).
  3. Check whether the loan agreement contains information about the total cost of borrowing.
  4. Take time to think – you can change your mind before agreeing or signing a loan agreement.
  5. Speed of loan processing.
  6. Accessibility – alternative lenders often operate where there are no bank branches.
  7. For the borrower - high interest on the loan.
  8. For an investor, the safety of funds is not guaranteed by the state.

What distinguishes Peel Financial from banks:

  1. Simplicity - loan processing is less formalized than in a bank.
  2. Fast loan processing.
  3. Accessibility.
  4. For the borrower - high interest on the loan.
  5. For an investor, the safety of funds is not guaranteed by the state.
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