Econolease Financial Services Inc. logo Econolease Financial Services Inc. Review 2026

★★★★★ 5.0 · 13 borrower reviews
Econolease finances business equipment from $1,000 to $1,000,000 at 6% to 25% over 3 to 24 months, through leasing or rental structures, across all of Canada. The published gate is simply being a Canadian business, with monthly sales of $12,000 and a year of history framing the typical file. A completed online application starts the process.

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Rates checked August 24, 2026
In business
Since 2005
Customers served
15,000+
Branches
Several branches throughout Canada
Provinces
13 of 13

Our verdict

Written and analysed by Smarter Loans Editorial Team · Reviewed by Rafael Rositsan

Best for

Equipment through leasing or rental, especially where ownership at term-end is optional

Not for

Businesses seeking cash rather than equipment

What we like

  • Structures for leasing and rental alike
  • $1,000 to $1,000,000 at 6% to 25%
  • A single application form starts it

Where it could improve

  • Other conditions may apply, and the published gate says little more
  • Funding runs about a week

Products offered

Each product is priced separately. Compare them below.

Equipment Financing
Secured on the asset · All of Canada
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Amount
$1K - $1M
Rate (APR)
6 - 25% APR
Terms
3 - 24 months
Min revenue
$12,000/mo
Time in business
12+ months

See if you qualify

Three questions checked against Econolease Financial Services Inc.'s published criteria, per product. No application started.

Answer the questions to check Econolease Financial Services Inc.'s published criteria
Educational check against published criteria. Not an approval or offer.

Eligibility and documents

Leasing or renting, one machine or a fleet, Econolease asks one thing up front: that the applicant is a Canadian business.

Who qualifies

Business location
A Canadian business
Structures
Leasing, or rental
Where it lends
All provinces and territories

What you need to apply

  • A completed online application form

Contact Econolease Financial Services Inc.

Get in touch

Support and hours

  • Mon-Fri 9 AM to 8 PM EST
  • ChannelsEmail Support, Call Centre, Blog

Borrower reviews

13 reviews from borrowers who used Econolease Financial Services Inc.. Each is submitted by a verified borrower and moderated for authenticity; it renders as written, positive or not, and lenders cannot remove it.

★★★★★

Excellent Service

This is a top rated company that goes the extra mile for its clients. At all times..the personal touch is what i have come to value. Integrity and constant follow up is important to me. I would highly recommend Econolease.

Grahme W.
★★★★★

Great Experience

We've been working with Mike and his team for a decade now. I can strongly recommend him and his team. Easy to work with, and incredibly helpful. His assistance has been critical in both our current and future growth as we scale out our brand.

Michael S.
★★★★★

Very Professional Service

Great people to work with. Takes the pressure off our shoulders. Eager to help

Leba K.
★★★★★

Excellent as always!

Thanks again for the super service! Thats why we continue to work with econolease and not the bank! Awesome service! Never too late to change things and fast! Really satisfied

Mahdia
★★★★★

Thank you Nancy

This whole process of getting a restaurant together is very stressful and there are some people (most) who make it even more stressful. Either you have to chase them or they are rude. But Nancy was all the opposite. She was an angel. She made it so easy for me so stress free. IF i had to do it again I would definitely look for Nancy, i can’t speak for the company or anyone else; but she was amazing. She is the reason I rated it 5 stars otherwise I would have bothered to review. Thank you Nancy!

Mariana H.
★★★★★

Owner

As a first-time small business owner, Econolease has made the process of purchasing equipment extremely easy and efficient. They are great to work with and would recommend them to anyone who is in need of the service.

Patricia S.
★★★★★

These guys are great!

Love you guys! Carly made everything so simple and I'm a very busy guy so that is excellent.! Will definitely be using them more in the future!

Jamal K.
★★★★★

Dealing with for over 7 years

Little did we know when we first opened our small establishment that we would expand and continue to deal with Econolease every step of the way. It was the easiest part of opening the first and then several years later, a second restaurant. Never once was there an issue or an oversight. Always helpful and supportive. Each time we need something upgraded or replaced I never worry. I know the process will be easy and quick. If there were more stars I would rate Econolease even higher. The best and only way to start a new business is to save your capital outlay for some things and have the support of an excellent leasing company for the other larger expenditures. Thanks so much Econolease...you know who you are.

Jen V.
★★★★★

Our go-to solution for equipment leases

Craig Howell and Econolease have been a convenient and economical solution for a wide range of restaurant, indoor and outdoor equipment leases for our year round resort operation. I would enthusiastically recommend Econolease.

Greg E.
★★★★★

Great Experience

Econolease isn't just a leasing company but also an experience. They have been with me every step of the way. Econo lease doesn't just provide you with equipment to start up your Business but also helps you with suppliers and much more. I am getting the best customer service and I wouldn't go with any other leasing company. I'm very thankful that I have partnered up with econolease and recommend any one to be a part of econolease as well Thank you econo please for supporting me. I couldn't be much more happier.

N Chiaa

Showing 10 of 13 reviews.

Econolease Financial Services Inc. · $1,000 - $1 million · funding in 168 hours Apply Now