Equipment lease broker

The leasing company or lender usually pays your commission or referral fee. Some brokers also charge the business a set arrangement fee, where the rules in your province allow it.

A commission on each lease you place, often a share of the financed amount. Larger deals pay more but take longer, and repeat clients and referrals from equipment sellers build income over time.

• Comfortable talking about numbers and contracts
• Sales and relationship building
• Organised follow-up on applications

• Check whether your province requires any registration or licence for arranging financing or leases, and whether Quebec rules apply to you
• Be clear and honest with clients about how you are paid, and keep a written broker agreement with each lessor
• Check commercial general liability or errors and omissions insurance
• Income can be slow and uneven at first, because deals take weeks to close
• Check whether you need a home-based business licence from your municipality

Startup costs are typically estimated at around $500 to $4,000, depending on your website, insurance, software and marketing. It can be run from home, so premises costs are usually low.

Things to check: whether your province requires any registration or licence for arranging financing or leases, and whether Quebec rules apply to you. Also check insurance such as errors and omissions, and any home-based business licence from your municipality.

Monthly revenue is typically estimated at around $1,000 to $5,000, depending on how many deals you close and the commissions on them. Income can be slow and uneven at first, because deals take weeks to close.