Canlease

What Canlease does

Canlease Inc. is a privately held Atlantic Canadian equipment finance brokerage founded in 2010 and headquartered in Saint John, New Brunswick. It operates as a B2B broker serving small and medium-sized businesses across Nova Scotia, New Brunswick, Prince Edward Island, and Newfoundland & Labrador, originating equipment leases and working capital facilities on behalf of multiple third-party funding partners rather than deploying its own balance sheet. The company finances new and used equipment above $2,500 across verticals including landscaping and agriculture, construction and transportation, industrial and material handling, healthcare and wellness, and food and retail service, with lease terms up to 72 months and a working capital product range of $2,500 to $800,000.

The core technology is a proprietary online leasing portal at app.canlease.net that allows customers to generate no-obligation payment quotes and submit credit applications 24/7, with same-day credit decisions (typically within 4-6 business hours) and vendor payment within 24-48 hours of contract execution. The portal includes real-time application status tracking, secure CRM-backed data handling, and a supplier-facing signup flow that allows equipment vendors to embed Canlease financing at point of sale at no charge. The company pairs this self-serve channel with a toll-free inside-sales team available during Atlantic business hours.

Revenue is generated as broker spreads on equipment lease originations and interest/fees on working capital term loans and lines of credit. The go-to-market combines a digital-first self-serve funnel with a channel program in which equipment suppliers offer Canlease payment options to their customers, yielding a documented 33% lease-option attach rate. The company has operated for 15+ years with a team of 1-10 employees holding 40+ years of combined equipment financing experience, and no institutional funding, M&A activity, or executive leadership changes are disclosed.

Name

Canlease

Legal name

Canlease Inc.

Website

https://canlease.net

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

Canlease is a privately held Atlantic Canadian equipment finance brokerage founded in 2010 that brokers equipment leases and working capital for SMBs across Nova Scotia, New Brunswick, PEI, and Newfoundland & Labrador via a proprietary 24/7 online portal and a network of equipment supplier channel partners.

Ownership category

akta.pro rank

Product category

Commercial Equipment Leasing & Financing

NAICS

Sales Financing (52222)

SIC

Finance Lessors (6172)

akta.pro primary industry

Equipment Financing / Leasing (Venture-backed) (FSANAIAE)

Keywords

• Equipment leasing
• Equipment financing
• Lease brokerage
• Working capital
• Commercial equipment

Headquarters

HQ city

Saint John

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Equipment Lease Financing: Canlease acts as a broker providing equipment financing to businesses. They structure leases for equipment with terms up to 72 months. Revenue generated through lease payments from businesses acquiring equipment. Works with multiple funding partners.
2. Working Capital Products: Provides working capital financing between $2,500-$800,000 to help with day-to-day business expenses, inventory purchases, and renovations. Revenue from interest/fees on these term loans and lines of credit.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Canlease is an Atlantic Canadian owned equipment leasing broker that helps small and medium-sized businesses acquire new or used equipment through flexible lease financing with terms up to 72 months. It sources capital from multiple funding partners, provides 24/7 online no-obligation payment quotes and credit applications via its proprietary portal, and delivers credit decisions within 4–6 business hours. The company also offers working capital financing of $2,500–$800,000 for day-to-day business needs.

Product overview

Canlease is a commercial equipment leasing company offering a unified platform combining equipment leasing/financing and working capital products. The core offering is equipment lease financing for new and used equipment across multiple industries, accessible through a proprietary online portal that enables self-service payment quotes and credit applications. The Online Leasing Portal serves as the primary customer-facing interface for the Equipment Leasing and Financing product, while Working Capital provides supplemental financing for operational needs. The company operates exclusively in Atlantic Canada, serving small-to-medium businesses.

Differentiator

Problem solved

Functional benefit

Products and services

• Equipment Leasing and Financing Commercial equipment leasing service providing financing for new and used equipment across multiple industries (landscaping, agriculture, construction, transportation, automotive, healthcare, food/retail, industrial/material handling) with lease terms up to 72 months, financing for equipment valued over $2,500, and 100% financing of equipment cost including installation, delivery, and training. Includes flexible structures such as seasonal payments, deferred payments, sale leasebacks, trade-ups, and early buyout at 10% of purchase option.
• Working Capital Financing Working capital financing product offering between $2,500 and $800,000 (subject to approval) to help small and medium businesses with day-to-day operating expenses, inventory purchases, and renovations. Designed for businesses with at least 6 months in operation and $10,000 in monthly gross revenue.
• Equipment Supplier Channel Partnership Program Channel program for equipment vendors and suppliers (landscaping, construction, automotive, healthcare, service industries) to offer Canlease lease payment options to their customers as an embedded financing option. Suppliers sign up at no charge, Canlease handles credit review and documentation, and vendors are paid within 24–48 hours of customer acceptance and signed lease contract.

Quantifiable outcome

• 33% of business customers presented with a payment quote will choose the lease option
• +2 more outcomes

Named customers3 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Equipment Suppliers (Landscaping, Construction, Automotive, Healthcare, Service Industries)coreChannel Partner/ Reseller/ DistributorCanlease partners with equipment suppliers across multiple industries (landscaping, construction, automotive, healthcare, food/retail) who offer Canlease financing to their customers. Suppliers can sign up at app.canlease.net at no charge. Canlease handles credit review and documentation, paying vendors within 24-48 hours of customer acceptance.

Scale indicators4 records

Recent moves1 record

Expansion highlights4 records

Emerging players

• BlueVine: Digital SMB financing platform offering working capital, term loans, and lines of credit. Competes at the edges with Canlease's working capital product using a fully online, mobile-first experience.

Direct peers

• ForwardLine Financial: US SMB working capital and equipment financing broker using a multi-lender digital platform. Comparable broker-plus-tech model and SMB working capital focus to Canlease.
• Meridian OneCap Credit Corp: Canadian commercial equipment and vehicle leasing provider serving SMBs. Directly competes with Canlease in equipment lease brokerage but operates more nationally and holds leases on its own balance sheet.
• TimePayment Corp: US equipment leasing broker targeting SMBs and equipment vendors through a tech-enabled application platform. Similar vendor-partner distribution model and small-ticket equipment leasing focus as Canlease.
• Marlin Capital Solutions: US-based equipment leasing and small business financing broker working through equipment vendor and direct channels. Closely aligned with Canlease's broker/distributor model and SMB equipment focus.
• Balboa Capital: US equipment leasing and working capital broker using a multi-lender platform model with online quote generation. Functionally analogous to Canlease in broker-plus-tech approach, though operating in the US market.
• Direct Capital Corporation: Canadian equipment financing broker offering lease and loan products to SMBs across multiple industries. Closely mirrors Canlease's broker model, multi-funding-partner structure, and focus on small-ticket commercial equipment financing.

Broad incumbents

• CWB National Leasing: Equipment leasing arm of Canadian Western Bank and one of Canada's largest equipment lessors, serving SMBs nationwide. Overlaps with Canlease in commercial equipment leasing but is balance-sheet funded rather than a broker.
• CIT Equipment Financing: Major US equipment finance lender now part of First Citizens Bank, serving SMB and middle-market equipment lessees. Overlaps in commercial equipment leasing but operates as a balance-sheet direct lender, not a broker.
• Macquarie Equipment Finance: Global equipment and asset finance arm of Macquarie Group serving mid-market and SMB equipment lessees. Comparable offering in commercial equipment leasing but at far larger scale and balance-sheet funded.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCFsmaxLUza5CIMXnWPqpLkw
• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/canlease-inc-

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Canlease