Is Commercial Lending Revolutionising the Canadian Equipment Financing Market?

• Equipment Finance Canada is revolutionising the Canadian equipment financing market through its easy and efficient approach.
• The company specialises in various sectors including transportation, agriculture and construction.
• They have access to leading banks, financial institutions and private lenders across Canada.
• The future for this startup looks bright as the need for equipment financing in Canada grows.

Financial services industry is witnessing a huge transformation globally, influenced in part by the introduction of innovative fintech startups. At the heart of this transformation in Canada is Equipment Finance Canada (EFC), a Surrey-based startup dedicated to simplifying and revolutionizing the equipment financing process. Primarily serving the transportation, agriculture, construction and other commercial sectors, EFC is bridging the gap between businesses in need of equipment and the financial solutions to attain them.

Founded by James Burgess and Dave Makarchuk, EFC aims to not only significantly alter the typical methods used within equipment financing, but also to make the process as simple and user-friendly as possible. Their use of technology enables them to aid startups or existing businesses in not just borrowing, but growing, by offering them the best possible financing options through their vast network of leading banks, financial institutions and private lenders across Canada.

What differentiates EFC from other companies in the market is their focus on enhancing the customer experience by making the financing process easy to navigate and efficient. By utilizing digital platforms to handle the financing operation, EFC is able to deliver a smooth, speedy and transparent service. The company’s commitment to aiding startups and established businesses alike is another noteworthy distinction. Businesses are given flexible options, allowing them to choose what suits their needs the best, rather than being confined to traditional rigid financial borrowing routes.

Another differential lies in EFC’s business model, where the company takes a comprehensive approach, catering to various types of sectors. This versatility enhances their ability to not just understand diverse types of equipment and their respective industries but also ensures that they are able to find the best financial solution for each customer no matter the industry they are in.

Looking at the future of Equipment Finance Canada, the company is expected to continue growing alongside the burgeoning Canadian equipment market. With the rise in demand for machinery and other equipment across various sectors, the need for simple and efficient financing options will also rise. This creates the perfect landscape for EFC to flourish and potentially expand beyond just equipment financing in the coming years.

The industry as a whole is also likely to undergo major transformations with startups like EFC leading the charge. In today’s fast-paced, digital age, the demand for seamless, swift, and transparent financial services are expected to surge. Equipment Finance Canada, with its novel operational model and customer-first approach, is uniquely poised to take advantage of these upcoming trends.

You can learn more about Equipment Finance Canada by visiting their website and following them on Facebook and LinkedIn.