What Mayo Associates Llc does

Mayo & Associates Ltd. is a privately held Canadian equipment finance originator headquartered in Ajax, Ontario, that provides equipment leasing, working capital loans, and vendor partner financing programs to small and medium-sized businesses across Canada. The company structures 100% financing that bundles soft costs (shipping, software, installation), offers fixed monthly payments up to five years with optional reduced payments for the first three months, and supports sale-leaseback, automotive, and startup lease structures in addition to its core equipment lease product. The technology layer is an electronic documentation system that includes online quoting tools, e-signature, lead tracking, and a web-based credit application portal that equipment vendors can embed in their own websites.

The business earns revenue on a transaction-fee basis rather than as a principal balance-sheet lender, sourcing capital from a panel of institutional and private funders and capturing origination economics through negotiated volume discounts. Go-to-market is sales-led: experienced finance specialists handle direct SMB customers (no call centre queues) while a vendor partner channel drives referrals and embedded point-of-sale financing for equipment dealers. Named customer logos are concentrated in the transportation industry (Janwill Carriers, Tereck Diesel, Loesen, Equipment Resource Group, CTR Group, Manser Group) but extend into manufacturing, mining, telecommunications, and equipment services, with the firm actively pursuing new verticals.

The firm operates with 9 named individuals, including President Nadine Harding and VP Operations Adam Boutara, both with 20+ years of industry experience. Founder Stephanie Mayo has retired, and the company has continued operating under new leadership while expanding its product surface and adding sales support staff in 2021 and 2022. No external investors, parent company, or funding rounds are disclosed.

Name

Mayo Associates Llc

Legal name

Mayo & Associates Ltd.

Website

https://mayo-associates.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Mayo & Associates Ltd. is a Canadian equipment finance originator in Ajax, Ontario that provides equipment leasing, working capital loans, and vendor partner financing programs to small and medium-sized businesses across Canada, with a concentration in the transportation industry.

Ownership category

akta.pro rank

Product category

Equipment Leasing Services

NAICS

Sales Financing (52222)

SIC

Finance Lessors (6172), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

SME Equipment & Asset Finance (Leasing, Fleet, Capex) (FSABABAH)

akta.pro secondary industry

Equipment & Asset Finance Brokerage (FSAEAEAJ)

Keywords

• Equipment leasing
• Vendor financing
• Working capital loans
• Sale-leaseback financing
• Business equipment financing

Headquarters

HQ city

Ajax

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Equipment Leasing: Provides leasing options for new and used equipment, automotive leasing, sale-leaseback financing, private sales and startup lease financing. Leases typically offer 100% financing including soft costs like shipping, software, and services. Monthly payments up to 5 years with guaranteed purchase options.
2. Business Loans / Working Capital: Unsecured working capital financing for businesses to support growth, consolidate credit cards, pay taxes, or order seasonal inventory. Flexible options with faster access than traditional banks.
3. Vendor Partner Program: Programs for equipment vendors to offer leasing as a strategic financial tool to their customers, helping vendors close more sales by providing financing options.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Mayo & Associates Ltd. is a Canadian equipment finance company that provides leasing and working capital solutions to small and medium-sized businesses. Core offerings include 100% equipment financing (new and used), including soft costs like shipping, software, and installation, along with unsecured working capital loans and structured vendor partner programs that allow equipment dealers to offer lease financing to their customers.

Product overview

Mayo Associates LLC operates as an equipment finance company offering a unified portfolio of financial products centered on equipment leasing and business lending. The core offerings include Equipment Leasing (the primary product covering new/used equipment, automotive, and specialty financing), Working Capital Loans, and Vendor Leasing Programs. Supporting offerings include Sale-Leaseback Financing and Startup Lease Financing. All products are delivered through direct sales teams with electronic documentation processing, online quoting tools, and web-based application submission capabilities. The company works with institutional and private funders to structure various lease types.

Differentiator

Problem solved

Functional benefit

Products and services

• Equipment Leasing Provides 100% financing for new and used equipment (including soft costs like shipping, software, warranty, and installation) to established and new businesses across Canada, with fixed monthly payments up to 5 years and guaranteed purchase options.
• Working Capital Loans Fast, unsecured working capital financing for businesses needing quick access to cash for operations, inventory, tax payments, seasonal needs, or credit card consolidation, with flexible monthly payment options and multiple term structures.
• Vendor Leasing Programs Strategic partnership program for equipment vendors that includes online quoting tools, lead tracking, electronic signatures, and web-based credit application submission embedded into vendor partner websites, with approval ratios greater than 90%.
• Sale-Leaseback Financing Arrangement that allows businesses to sell owned equipment to Mayo and lease it back, freeing up tied-up capital while retaining use of the equipment.
• Startup Lease Financing Specialized lease financing for new and startup businesses that need to acquire equipment without large upfront capital outlays.
• Automotive Leasing Specialized vehicle leasing services for business automotive needs, including trucks and commercial vehicles.

Quantifiable outcome

• Greater than 90% approval ratios for vendor partner transactions

Named customers11 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Currency Capital: Currency Capital operates an equipment-financing marketplace connecting SMB borrowers with lenders, similar to Mayo's broker/originator model with institutional funders. Its marketplace tooling and SMB transportation/customer base overlap closely with Mayo's vendor-partner and direct SMB origination approach.
• OnDeck Capital: OnDeck provides working-capital loans and small-business financing products to SMBs, overlapping with Mayo's Working Capital Loans offering. It is a partial peer (working-capital side rather than equipment leasing) and operates at much larger scale.
• TimePayment Corp: TimePayment is a US equipment-financing company serving small businesses and equipment vendors with lease and loan products. Its vendor-channel strategy and SMB origination model are directly comparable to Mayo.
• North Star Leasing: North Star Leasing is a US equipment-leasing originator serving small and mid-sized businesses across transportation, construction, and manufacturing. It closely matches Mayo's product mix (equipment leasing for SMBs, vendor and direct originations) and target customer profile.
• Pawnee Leasing: Pawnee Leasing specializes in small-ticket equipment leasing for SMBs and vendors across the US, with an embedded vendor-partner program. Its scale and niche focus closely resemble Mayo's operating model.
• NFS Leasing: NFS Leasing is a US equipment-leasing originator focused on small-ticket and SMB transactions across industries including transportation and manufacturing. Its product set (equipment leases, working capital, vendor programs) and origination model align closely with Mayo's.
• Marlin Business Services: Marlin provides equipment leasing and working-capital loans to small businesses in the US, with a vendor-partner channel. Its product mix (lease + working capital) and SMB target customer overlap with Mayo, though Marlin operates at larger scale.
• Beacon Funding: Beacon Funding is a US-based equipment financing company that originates leases and loans for SMBs across multiple equipment categories. It is a direct peer to Mayo in equipment-leasing origination, sales-led motion, and multi-vendor distribution, though it operates at significantly larger scale.

Broad incumbents

• DLL Group: DLL Group is a global equipment-finance lessor (Rabobank subsidiary) offering leasing and asset-finance solutions across multiple asset categories and geographies. It is a broad incumbent that competes with Mayo for vendor programs and SMB equipment-finance customers but at vastly larger scale and asset-class breadth.

Regional players

• BlueRock Leasing: BlueRock Leasing is a Canadian equipment-leasing firm serving small and mid-sized businesses across Canada. It is comparable to Mayo along product lines and customer profile but operates in the same Canadian geography, making it a regional direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mayoassociates

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

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 Mayo Associates Llc