Glossary
A public record in a province that shows a creditor's claim over certain business assets.
✓ Checking what you qualify for does not affect your credit score.
A public record in a province that shows a creditor's claim over certain business assets.
Under provincial personal property security laws, a secured party can register a claim. A search shows which creditors have registered claims on a business.
It affects which other financings are possible.
A search may show a registration for equipment financing already in place.
Rules differ by province, and Quebec uses a different register. Ask what, if anything, will be registered.
A funder may search the provincial register to see which creditors already hold claims. A registration for equipment financing is normal and rarely a problem; a broad registration over all assets can block additional secured borrowing. Knowing what is on yours before applying saves time.
A registration is not the same as a debt balance. It is a public notice of a claim, and it may remain after a balance is paid unless discharged.
No. Each province has its own register and Quebec is different.
See the related guides and the comparison pages, or apply and ask.
No. It is educational information, and agreements vary.
Educational information only. It is not legal, tax or accounting advice.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
