Meridian OneCap

Meridian OneCap: commercial equipment leasing in Canada

Meridian OneCap Credit Corp is a Canadian commercial equipment finance company, a wholly owned subsidiary of Meridian Credit Union. Its activity focuses on equipment leasing and financing for manufacturers, distributors, and dealers, with flexible programs tailored to each type of business.

Leasing and financing programs

The company's offering is structured around several product lines:

• Equipment leasing: customized leasing programs according to the needs of each business.
• National accounts and floorplan financing: comprehensive management of the cycle from manufacturer to dealer and from dealer to end customer.
• Vendor finance programs: sales tools for manufacturers and distributors that sell through third parties.
• Environmental financing: a specific line included in its catalog of solutions.

The company states that it can cover any amount a customer needs and that it adapts payment structures to each transaction.

Customer profile and business approach

Meridian OneCap works with manufacturers, distributors, and dealers, and states that vendors who use its financing programs achieve a higher closing ratio than their competitors. The company presents itself as a partner that supports the equipment acquisition process, with programs designed for the end user and sales tools for manufacturers and vendors.

Track record and structure in Canada

The company has operated as a fully Canadian-owned Canadian company for more than twenty years, with a national presence and four main regional offices in Vancouver, Calgary, Toronto, and Montreal. These offices serve as support centers for local account managers in each region.

Its corporate history includes several stages: in 2000, Irwin Business Finance acquired Onset Capital Corporation and began operating as Irwin Commercial Finance Canada; in 2008, Scotiabank acquired Irwin Commercial Finance Canada, which was renamed Roynat Lease Finance; and in 2016, Meridian Credit Union acquired Roynat Lease Finance, which has since operated as Meridian OneCap Credit Corp.

Team and industry knowledge

The management team has a combined 130 years of experience in the Canadian financial sector. The company highlights its ability to process transactions efficiently and its national and local knowledge of the markets in which its customers operate. It presents itself as a member of the CFLA and the ELFA.

Resources for businesses

The company publishes support materials for its customers, including guides for preparing a business plan and content on the Canadian farming season. It also features customer testimonials about their financing experience with Meridian OneCap.