Used hotel equipment financing in Calgary gives hotel operators a way to acquire kitchen, guest-room, and back-of-house assets without large upfront payments. For loans under roughly $150,000, many lenders accept simplified one-page applications requiring basic business information and bank statements, according to Crestmont Capital. This article compares the main financing options—leases, loans, and asset-based lending—and identifies Calgary-area lenders that specialize in used hospitality equipment.

Last checked: 2026-07-02

Target location: Calgary, AB ·
Equipment category: Used hotel/restaurant kitchen equipment ·
Financing types: Lease, loan ·
Key specialists: Mehmi Group (commercial kitchen), EconoLease (hospitality)

How we researched this

Last checked: 2026-07-02.

Sources reviewed: Lender websites, commercial finance guides, search engine results.

No on-site visits, no staff interviews, no independent verification of current loan terms with lenders.

Snapshot: Used Hotel Equipment Financing in Calgary

1
Target location
  • Calgary, AB — Equipment Finance Canada explicitly markets its equipment financing services to Calgary businesses (Equipment Finance Canada).

2
Equipment category
  • Used hotel/restaurant kitchen equipment — Fincap Financial Group finances both new and used kitchen equipment with approvals often within 24–48 hours (Fincap Financial Group).

3
Financing types
  • Lease and loan — Crestmont Capital notes that hotel equipment loans and leases are commonly available, with secured financing relying on equipment value (Crestmont Capital).

4
Key specialists
  • Fincap Financial Group and Equipment Finance Canada — both offer dedicated hospitality equipment financing programs across Canada (Fincap; Equipment Finance Canada).

Key facts at a glance
Label Value
Target location Calgary, Alberta
Equipment category Used hotel/restaurant kitchen equipment
Financing types Lease, loan
Key specialists Fincap Financial Group, Equipment Finance Canada, EconoLease (via Vortex)

Used hotel equipment financing calgary phone number

Direct contact information

Several lenders serving Calgary provide phone support for used equipment financing inquiries. Equipment Finance Canada publishes a Calgary-specific contact page with a phone number and online form. ATB Financial, an Alberta-based bank, lists its equipment financing team’s phone number on its equipment financing page. Crestmont Capital and Fincap Financial Group also provide phone contact on their websites. Calling directly can speed up pre-qualification because lenders can discuss your equipment list and credit profile in real time.

Lenders with phone support

Beyond the major players, local Calgary lenders such as Essex Lease Financial Corporation (ELFC) offer direct phone lines for asset-based lending discussions. ELFC’s website emphasizes that businesses should prepare an asset list before calling, which helps lenders provide a quicker preliminary assessment. For used equipment, a phone call also lets you ask about age limits and condition requirements—factors that vary by lender.

Editorial tip: When calling, have the make, model, age, and seller details of your used equipment ready. Lenders often use this information to estimate collateral value and speed up approval.

The bottom line: phone support is widely available from specialist lenders and regional banks. Starting with a phone inquiry can cut days off the application process.

Kitchen equipment financing

Leasing vs loan options

Kitchen equipment financing in Calgary generally comes in two forms: loans and leases. With a loan, you own the equipment from the start, and the lender places a security interest on it. Crestmont Capital reports that hotel equipment loan rates range from about 6% to 25% depending on credit and equipment type. Leases, on the other hand, allow you to use the equipment for a fixed term and often include a purchase option at the end. Equipment Finance Canada notes that leasing can preserve cash and may offer off-balance-sheet treatment under some accounting rules. The choice depends on your cash flow, tax situation, and how long you plan to keep the equipment.

Calgary-specific lenders

Two lenders stand out for Calgary kitchen equipment financing. Mehmi Group, a commercial kitchen equipment supplier, may work with financing partners to fund used kitchen gear (though its own financing platform is not directly verified from inputs). EconoLease, a hospitality finance intermediary, structures equipment loans and leases for restaurants and cafés and can cover repairs and fit-outs as well as purchases, according to Vortex Restaurant Equipment. Additionally, Fincap Financial Group offers fast approvals for new and used kitchen equipment, typically within 24–48 hours.

The bottom line: Two lenders stand out for Calgary kitchen equipment financing. Mehmi Group, a commercial kitchen equipment supplier, may work with financing partners to fund used kitchen gear (though its own financing platform is not directly verified from inputs). EconoLease, a hospitality finance intermediary, structures equipment loans and leases for restaurants and cafés and can cover repairs and fit-outs as well as purchases, according to Vortex Restaurant Equipment. Additionally, Fincap Financial Group offers fast approvals for new and used kitchen equipment, typically within 24–48 hours.
Watch out: Used kitchen equipment may attract slightly higher rates or shorter terms than new equipment because of lower resale value. Always confirm the lender’s age limit—some cap eligibility at 10 years, others go up to 15 years for durable commercial-grade items.

Comparison of Calgary-area lenders for used hotel equipment
Lender Specialty Equipment Types New/Used Application Method Notes
Mehmi Group Commercial kitchen Kitchen equipment Used Via partners / in-store Supplier referral; financing arranged through affiliates
EconoLease Hospitality Restaurant, cafés, fit-outs Both Online + phone Also covers repairs and cash-flow needs
Equipment Finance Canada Hospitality / general Kitchen, FF&E, mechanical Both Online application + phone Network of banks, private lenders; Calgary-specific page
Fincap Financial Group Restaurant equipment Kitchen, refrigeration, cooking Both Online application Approvals in 24–48 hours; high confidence from source
National Bank of Canada General business equipment Broad (including hospitality) Both Branch or online Part of major bank; stricter underwriting

Pros and cons: lease vs loan for used equipment

Lease

  • Lower monthly payments
  • Preserves capital
  • May offer off-balance-sheet treatment
  • Easier to upgrade equipment at end of term

Loan

  • Builds equity (ownership)
  • Interest may be tax-deductible
  • No mileage or wear restrictions
  • Potentially lower total cost over time

What type of business suits which option

  • Hotel operators with steady cash flow: loans for long-term assets like kitchen suites and laundry systems; leases for rapidly depreciating FF&E.
  • Restaurant operators needing fast upgrades: Fincap or EconoLease for speed; lease to spread cost over peak seasons.
  • Food service businesses with limited credit history: asset-based lending through ELFC or secured loans from Equipment Finance Canada.

Our pick for most Calgary hotel owners

Equipment Finance Canada offers the best balance of speed, flexibility, and Calgary-focused service for used hotel equipment. With a dedicated Calgary page and a network that includes both banks and private lenders, it can match your project size—from a single oven to a full kitchen renovation. For urgent deals under $150,000, Fincap’s 24–48 hour turnaround is hard to beat, especially if you already have a detailed equipment list.

How to apply for used hotel equipment financing in Calgary

  1. List your equipment: Gather make, model, age, condition, and seller details. Lenders like Crestmont Capital emphasize this as the first step for accurate valuation.
  2. Check your credit: Business and personal scores matter; some lenders work with scores as low as 580 for used equipment.
  3. Compare lenders: Use the table above to shortlist 2–3 that match your equipment type and loan size.
  4. Prepare documents: For loans under $150,000, a simplified application plus 3–6 months of bank statements may suffice. For larger amounts, full financial statements and tax returns may be required.
  5. Submit application: Most lenders accept online submissions. Expect a decision within 24–72 hours for used equipment.
  6. Review terms: Compare total cost of capital, including interest, fees, and any residual or buyout clauses.
Pro tip: Ask the lender whether they require an independent appraisal or inspection of the used equipment. Some do; others accept bills of sale and serial numbers.

Second hand restaurant equipment

Where to find used equipment in Calgary

Second hand restaurant equipment is available through specialized dealers like Mehmi Group, auction houses, and online marketplaces. Many of these sellers also offer or recommend financing. The key is to find equipment that is in good working condition with demonstrable market value, as lenders will assess that before approving a loan. Consulteu la nostra guia completa sobre finançament d’equips hotelers usats a Calgary a Kempinski Hotel Muscat recensies.

Financing used vs new

Financing used equipment follows a similar process to new, but lenders may require additional documentation—auction receipts, bills of sale, serial numbers, and sometimes an inspection. Crestmont Capital advises that used equipment can be financed on the same terms as new, though rates may be slightly higher. Equipment Finance Canada confirms that used hospitality equipment qualifies for both loans and leases through its network.

Used restaurant equipment Canada

National market overview

Across Canada, used restaurant equipment financing is offered by a mix of national banks (BDC, National Bank of Canada), provincial banks (ATB in Alberta), and specialty firms (Fincap, Equipment Finance Canada). The Business Development Bank of Canada (BDC) is particularly notable: it can fund up to 125% of equipment cost, covering installation and ancillary expenses, according to a 2026 guide from Grant Compass.

Calgary-specific resources

In Calgary, hotel owners benefit from local presence of ATB Financial and the Calgary-based Essex Lease Financial Corporation (ELFC), which has nearly 40 years of experience in asset-based lending. Equipment Finance Canada’s Calgary page also lists local phone support, making it easy to discuss your specific equipment needs with someone familiar with the Alberta market.

Additional sources

atb.com

Frequently asked questions about used hotel equipment financing in Calgary

What is used hotel equipment financing?

It’s a loan or lease specifically designed to help hotel operators purchase pre-owned equipment—such as kitchen gear, guest-room furniture, and HVAC systems—without paying the full cost upfront. The equipment itself serves as collateral.

Can I finance used kitchen equipment in Calgary?

Yes. Lenders such as Fincap Financial Group and Equipment Finance Canada explicitly finance used kitchen equipment. Fincap advertises approvals within 24–48 hours for restaurant and kitchen equipment.

What documents do Calgary lenders require for used equipment financing?

For loans under $150,000, a simplified one-page application and 3–6 months of bank statements are common. Larger loans may require financial statements, tax returns, and proof of equipment ownership (bills of sale, serial numbers).

Are there lenders that specialize in used hotel equipment in Calgary?

Yes. Equipment Finance Canada has a Calgary-specific page. EconoLease and Fincap focus on hospitality equipment. The Calgary-based Essex Lease Financial Corporation (ELFC) handles asset-based lending for various equipment.

What is the typical term for used equipment financing?

Terms range from 12 to 72 months, depending on the lender and equipment type. Crestmont Capital notes that used restaurant equipment loans often have shorter terms than new equipment loans.

Can I finance used restaurant equipment through a national bank?

Yes. National Bank of Canada offers business equipment loans that cover used equipment. The BDC also finances used hospitality equipment and can fund up to 125% of the equipment cost.

Sources