Asset-based line of credit

Our asset-based line of credit gives you access to the capital you need, when you need it, so you can take charge of your business.

Our services

Financing that focuses on the bigger picture

Essex Lease's revolving asset-based lines of credit will provide you with the funds to leverage new opportunities. We'll assess your requirements and build a tailored solution that gets you financed without compromising your cash flow.

A straightforward approach to asset-based financing

We're here to take the complexity out of financing.

Get in touch

Reach out and fill out a form to let us know about your business and financing needs.

Get a consultation

Talk with one of our equipment finance professionals so they can learn more about your business needs.

Get approved

We'll build a custom solution with flexible terms tailored to the requirements of your business.

Utilize your Equity

Use the equity that you have built up in your business for working capital, ramp up costs, equipment acquisition or any other business needs.

Flexible financing made
simple

Securing long-term growth can be challenging if your finances fluctuate. Our asset-based lending offers a solution, allowing you to leverage your assets as collateral for flexible, revolving access to funds. Unlike banks that rely on strict covenants and financial ratios, we focus on your assets and equity to determine how much we can lend. Instead of a predetermined lump sum that may exceed your immediate needs, our revolving line of credit gives you access to funds when necessary, making it easier to manage and repay efficiently.

If you’re looking for an asset-based lender that puts your needs first, we’re here to help.

Why choose Essex?

We'll build a custom line of credit solution that gets you the funds you need for success. Here are a few of the reasons we stand out among other asset-based lenders:

A Targeted Approach

We take the time to understand your goals so we can help you reach them. Your success is ours.

Independent Lender

We don't go through banks - meaning we can think creatively to overcome obstacles and help you reach your goals.

Adaptability

Whether it's using the equity in your equipment or your property as collateral, we can adapt our agreement to meet your requirements.

Efficiency

We'll walk you through the process and help you secure your equipment faster, so you can keep growing.

The characteristics that set us apart

Integrity

We value trust and transparency. We mean what we say and always provide straightforward solutions that address your needs head-on.

Expertise

We've supported Canada's industrial companies since 1986. Our professional skillset is your asset.

Adaptability

Your business is unique. We'll create a strategy that's unique, too, ensuring you get a personalized plan fit for your circumstances.

Testimonials

What our clients say?

"When we launched Remote Power Corp, we quickly realized that traditional Canadian banks were not structured to support entrepreneurs, especially with equipment financing. Fortunately, we connected with Essex five years ago and have worked with them ever since."

Alex McEwen

Director, Remote Power Corp

frequently asked questions

The questions you’ve been asking

What is an asset-based line of credit?

An asset-based line of credit is a flexible financing solution that allows businesses to leverage their assets—such as equipment, real estate, inventory or receivables—as collateral to secure revolving access to funds. Unlike traditional loans where you receive a lump sum upfront, an asset-based line of credit gives you the ability to draw funds as needed, making it easier to manage cash flow and repay. This type of financing is particularly beneficial for businesses that may not meet strict bank covenants or that have fluctuating cash flow, but still have valuable assets to support their borrowing needs.

What's the difference between asset-based lending and equipment line of credit?

Key Differences:

Asset-Based Lending: secured by various business assets and can be used for a wide range of needs, from working capital to growth.
Equipment Line of Credit: is essentially a preapproval for equipment acquisitions.

Why is your status as an independent lender beneficial for me?

Being an independent lender means we can make creative, client-first decisions to help you overcome obstacles and grow. While banks typically focus on strict covenants and historical cash flow, we take a different approach that offers greater flexibility to our customers. As an equity and asset-based lender, we look at the bigger picture to assess what we can offer.

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