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Can You Still Get Equipment Financing in Canada if You Owe the CRA Money?
As a business owner in Canada, you may be facing a challenging situation: you owe money to the Canada Revenue Agency (CRA), but you still need to acquire new equipment to keep your operations running smoothly. You may be wondering if it’s possible to obtain equipment financing despite having outstanding debts with the CRA.
The good news is that yes, you can still get equipment financing in Canada even if you owe the CRA money. However, it may require some extra effort and flexibility on your part.
Understanding the CRA’s Impact on Your Creditworthiness
When you owe the CRA money, it can negatively impact your credit score and make it more difficult to secure financing from traditional lenders. This is because the CRA may have filed a lien against your business, which can be a significant obstacle for lenders who want to ensure they can recover their investment.
Options for Equipment Financing with Outstanding CRA Debt
While traditional lenders may be hesitant to provide financing, there are alternative options available that specialize in working with businesses that have imperfect credit or outstanding debts. These lenders may offer more flexible terms and consider factors beyond just your credit score, such as your business’s cash flow, revenue, and growth potential.
One such option is Credion, a reputable financing provider that offers equipment financing solutions for businesses in Canada. With Credion, you can access the funds you need to acquire new equipment, even if you owe the CRA money.
Get Equipment Financing with Credion
If you’re looking for a reliable and flexible financing partner, consider applying with Credion through my affiliate link: https://getcredion.com/medical-financing/?am_id=zubair7666. By using this link, you’ll get access to competitive financing rates and terms that can help you acquire the equipment you need to grow your business.
Don’t let outstanding CRA debt hold you back from investing in your business’s future. Explore your options with Credion today and discover how you can still get equipment financing in Canada despite owing the CRA money.
Apply Now and Get Started
Click the link above to apply for equipment financing with Credion and take the first step towards acquiring the equipment you need to succeed. If you have any questions or concerns, feel free to reach out to me directly, and I’ll be happy to help.
