Buying at auction? Get the financing arranged before you bid.
Auctions move fast and payment deadlines are tight. CBB helps eligible businesses arrange financing for equipment purchased at qualifying auctions, including conditional pre-approval where a program allows it — so you know your position before the hammer falls.
Rates from
9.99%
Financing
$15,000–$250,000
Any pre-approval is conditional, and it does not guarantee final funding.
Before you bid, confirm the auction's payment deadlines and the lender's requirements yourself. A conditional approval is based on the information available at the time; the final decision depends on the asset you actually win and the program's criteria.
What we can finance
Who this is for
Estimate your financing
Equipment Leasing & Financing calculator
Adjust the amount, rate and term to see how the numbers move. This calculator loads with $60,000 as its default.
Equipment Leasing & Financing Calculator
$15,000–$250,000 · Rates from 9.99%
Longer and shorter repayment terms are available. Final terms are set by the lender and the specific financing program.
Your estimate
Illustrative only — your rate and approved amount depend on the program, the vehicle and the applicant. Full disclosure
How the process works
What happens after you reach out.
Tell us what you're targeting
The auction, roughly what you intend to bid on and your budget. Earlier is better — pre-approval needs time.
We identify a program
We look at the type of equipment and your business and find lenders whose criteria fit an auction purchase.
Conditional pre-approval
Where a program allows it, we work toward a conditional approval so you can bid with a position established.
You bid and win
Confirm the auction's payment terms and deadlines before bidding. Pre-approval is conditional and does not guarantee funding.
We finalise with the lender
We supply the purchase documentation and equipment details, and coordinate the lender's requirements and the payment.
Funded
On final approval the financing completes and the equipment is released to you.
Frequently asked questions
- Can I get approved before the auction?
- Where a program allows it, we can work toward conditional pre-approval so you can bid knowing roughly what you can finance. It is conditional on the asset you actually win and the lender's final assessment, and it is not a guarantee of funding.
- What happens if I don't win the lot?
- Nothing further is required — a conditional pre-approval that isn't used simply lapses. Tell us if you are bidding across several auctions and we will keep the file ready.
- What are the payment deadlines?
- They are set by each auction, not by CBB or the lender. You must confirm the auction's payment terms before bidding. Auction deadlines can be very short, which is why starting the financing conversation early matters.
- What do you need from me?
- Your business information and banking records, plus whatever equipment information is available before the sale. After you win, we will need the purchase documentation from the auction.
- Is there a separate auction rate?
- No. We do not publish a separate auction financing rate or funding range. Equipment loan rates start from 9.99% with financing from $15,000–$250,000, subject to the program, the asset and the applicant.
- What kind of equipment can I finance?
- The same assets as our equipment loan program — commercial trucks, trailers and equipment, including construction, agricultural, material handling and shop equipment. Older machines and higher-hour equipment may be considered where the program allows, so an older lot is not automatically ruled out.
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Ready to get started?
One team, one point of contact, from application through funding.
Other financing options
Equipment Refinancing
Financing $15,000–$250,000
Rates from 9.99%
Unsecured Business Loans
Financing $15,000–$150,000
Rates from 7.99%
Business Lines of Credit
Credit limits $15,000–$100,000
Rates from 0.99% per month