Lease, Payment Information & FAQ's

Table of Contents

Your guide

What you need to know

Getting Started Is Quick

Your application is approved in 4 hours or less, electronic documentation signed, and the supplier paid in as little as 24 hours.

We Work With You

From start to finish, we offer full support. Even after your term ends, we remain committed to assisting you with any questions or concerns. We want to ensure that navigating the process is not daunting for you.

Conventional Bank Lending

Bank financing may not be the best option for equipment investment due to additional security, personal guarantees, and recall of credit. It also takes an average of 2-4 weeks, causing potential losses in assets and work.

Multiple Leasing Purchases

Applying to too many leasing companies can hurt your credit. Instead, trust our team to find the best terms and rates for you. We can even group multiple purchases on one lease for manageable payments and reduced rates.

Conserve Your Cash / Line Of Credit

One of the most important things you can do as a business owner is to conserve your capital for emergencies or invest in revenue-generating investments. By leasing equipment, you will be able to preserve your hard-earned capital and acquire the assets you need with an affordable, tax-deductible payment stream.

Two engineers standing in a commercial shipping yard tracking containers

12 - 84


4 hours
or less



No Maximum



Types of Leases

We’re committed to helping your business grow and achieve incredible success. Whether you are an innovative start-up or an established company, we provide a transparent, simple, and fast process to help you obtain the funding your business requires.

Our team will work around the clock to fully understand your business needs, so we can create tailored, flexible leasing solutions that work for your company and help you preserve cash.

With a capital lease, the lessee assumes all the risks and benefits of asset ownership. This type of lease is suitable for equipment that has a long and useful life (over 5 years), such as tools and machines. It may not be the best option for technology and electronics, which can quickly become obsolete.

A lease that meets any one of the following 4 criteria qualifies as a capital lease:

  1. Ownership of the asset transfers to the lessee at the end of the contract
  2. The lease contains a bargain purchase option
  3. The lease term is greater than 75% of the estimated economic life of the leased equipment
  4. The present value of the minimum lease payments is greater than 90% of the leased property’s fair market value at the inception of the lease

A capital lease is often best for businesses that ultimately want to own the leased asset. It benefits the lessee by using depreciation and interest deductions to offset income and offers an attractive purchase price at the end of the agreement. 

An operating lease is the rental of an asset from a lessor, but not under terms that transfer the ownership of that asset to the lessee. During the lease term, the lessee typically has unrestricted use of the asset but is responsible for the condition of the asset at the end of the lease, when it’s returned to the lessor.

This type of lease is useful in situations where your business needs to swap out old assets for new ones at regular intervals. This lease is considered to be an ‘off-balance sheet’ liability, allowing the lessee to acquire the equipment for just a fraction of the useful life of the asset. It may contain a provision to purchase the equipment at the end of the lease for fair market value.

This type of lease works great for seasonal businesses, as it can be structured so you can skip payments during your slow months. It also contains a payment plan tailored to fit a unique cash flow cycle. This can be very beneficial for businesses with fluctuating cash flow streams, where matching the timing of revenues to expenses is an important financial strategy.

A step payment program is either a step-up or step-down in your monthly payment amount after a specified period of time. A step-up payment structure means that your payments will be smaller at the beginning of your loan, for an assigned period of time, with payments increasing over the life of your loan.

A step-down payment is when your payments start off higher at the onset of your loan and taper off during the latter half. This type of structure is useful when you require your lease to be paid down more quickly.

A master lease is a continuing lease arrangement under which additional equipment may be leased by executing a new lease schedule instead of negotiating a new lease contract. This allows businesses to acquire other assets in the future under the same basic terms and conditions without having to negotiate a new contract.

This type of lease puts the lessee in control of future equipment purchases, making it a powerful tool for businesses who want to expand their capital infrastructure.

Sale and Leaseback financing has three components to it. You sell your equipment to a finance company (lessor), which in turn leases the equipment back to you (lessee) without interruption of use for an agreed-upon monthly payment.

This type of lease provides options to companies who want to increase liquidity, optimize cash flow, and improve balance sheet presentation. For businesses that require flexibility in structuring financial matters, leveraging the equity in your current assets is a strategic way to procure capital for growth.

A Lease Line of Credit allows your business to combine all of its equipment needs under a single, pre-approved master lease line of credit. It provides businesses with flexibility and convenience because once a lease line has been established, you can tap into it and acquire the equipment you need whenever necessary, without any need to continually reapply for credit or renegotiate terms or documents.

Payment Options

THE Choice is Yours

Payment Options

At First Capital Leasing, we pride ourselves on finding leasing solutions that best suit our clients. We provide options that not only work for today’s needs but for tomorrow’s objectives too.

The following options are just a few ways we can help structure your payments. We encourage you to call us to discuss other payment options that are tailored specifically for your business.

Our team will work around the clock to fully understand your business needs, so we can create tailored, flexible leasing solutions that work for your company and help you preserve cash.


Quarterly payments allow you to pay every three months as compared to the industry standard of every month.

Semi-Annual & Annual

Semi-Annual and Annual payments allow you to make more payments during the peak seasons and fewer payments during the slow seasons.

90 Days No Payment

Need equipment urgently? Use our 90 Day No Payment option to get it quickly and start making money sooner.

12 - 84 Months

First Capital Leasing offers terms that start at 12 months to 84 months. Our most common requested term is 36 months.


No matter the time of year, First Capital Leasing will customize a lease that is specific to your business' needs.

Step Up, Step Down

Step Up, Step Down payments allow you to accelerate payments during your busy times and reduce payments during your slow times.

Frequently Asked Questions


The minimum is $ 5000.00 and there is no maximum amount.

Yes, while First Capital is based out of Calgary, our commercial leasing services are not limited to Calgary or Alberta.

You certainly can lease your equipment by yourself, but your supplier may not be as flexible as we are. We offer tailored financing solutions at superior rates that perfectly align with your budget and timeline.

First Capital Leasing Ltd. offers multiple sale-leaseback plans. You sell the equipment you own to us, and we lease it back to you at advantageous rates. This frees up significant working capital that can be invested in expanding your business.

If commercial vehicle leasing is the right option for your business, partner with First Capital Leasing to make acquiring your vehicles easy. With over 85 years of combined experience in commercial vehicle leasing, we have the knowledge to provide you with the right vehicle leasing solutions for your business. The benefits of partnering with First Capital for vehicle leasing include:

  1. Customized payment schedules that fit the cash flow of your business
  2. No kilometre restrictions
  3. No age restrictions
  4. Quick approvals (four hours or less)
  5. Fast turnaround (documents signed and supplier paid is as little as 24 hours)
  6. High approval rates
  7. Lease To Purchase Options

Payment for your sale-leaseback contract can be remitted to your company as quickly as 48 hours after all documents are signed.

Take Advantage Of Our New Referral Program

Refer & Earn Up To $500

Do you know someone looking to grow their business with an additional piece of equipment or vehicle? If so, take advantage of our Refer & Earn Promotion by filling out our referral form below and earn up to $500!

For every referral and successfully funded transaction you send our way, you will receive a visa gift card valued up to $500*!

By referring First Capital Leasing, you know that they will be taken care of by one of the top-rated leasing providers in Canada.

*Applies to new customers to First Capital leasing, and a tiered gift card value based on equipment costs, see a First Capital Leasing associate for full details.

Submit A Referral Today!