leaseplus.ca

What It Is

Lease Plus Financial is a business-focused equipment financing and leasing provider. According to its website, its core services revolve around financing the purchase of new and used commercial equipment, private equipment transactions, sale-leasebacks, refinancing, and asset-based lending. It is not a payment acquiring service, wallet, or cross-border payments platform; it is closer to a Canada-based equipment finance intermediary or financing advisory firm.

Core Capabilities

From a service perspective, Lease Plus covers many categories of business assets, including transportation, industrial, construction, agricultural, automotive, foodservice and retail, fitness, vending, and computer equipment. It can provide businesses with flexible lease payment structures and help convert owned equipment into working capital through sale-leasebacks. For refinancing, the website states that heavy equipment can be refinanced at 50% to 70% of appraised value, while sale-leasebacks/working capital loans can reach up to 70% loan-to-value. Asset-based loans can be structured as revolving loans or ABL facilities based on the realizable value of accounts receivable, inventory, machinery, and equipment.

Pricing and Process

The website does not disclose specific interest rates, fees, early buyout costs, or total financing costs, which is the main information gap when assessing its value for money. The known minimum lease amount is CAD 2,500, with no stated maximum. Businesses operating for less than two years may apply, but because of the higher risk, they will pay slightly higher rates. In terms of approval speed, the site shows a 1–2 day turnaround time and states in the FAQ that the approval rate can reach 95%.

Pros and Cons

The advantages are that its product line is relatively comprehensive: it can support new equipment purchases, private sales, sale-leasebacks, and refinancing of existing equipment. It also works with 30 core funding partners and 35 lenders, covering A to D credit tiers, making it relatively friendly to customers with impaired credit. The drawbacks are that key terms such as regulatory licensing, funding costs, repayment channels, and late fees are not publicly disclosed. Lease agreements cannot be cancelled, with only an early buyout option available. There is also no mention of APIs, an online approval system, or integration with corporate ERP or accounting systems.

Who It’s For and Access from China

It is better suited to Canadian small and medium-sized businesses, equipment vendors, companies with tight cash flow but owned equipment assets, and operators with imperfect credit histories who still need financing to purchase equipment. For Chinese users or cross-border businesses, the content does not state whether it serves non-Canadian entities, and access from mainland China cannot be determined from the available text.