YOUR COMPANY IS LOOKING FOR BUSINESS ASSET LEASING!
COMMERCIAL EQUIPMENT LEASING COMPANY SOLUTIONS FOR NEW AND USED EQUIPMENT IN CANADA
You've arrived at the right address! Welcome to 7 Park Avenue Financial
Financing & Cash flow are the biggest issues facing business today
ARE YOU UNAWARE OR DISSATISFIED WITH YOUR CURRENT BUSINESS FINANCING OPTIONS?
CALL NOW - DIRECT LINE - 416 319 5769 - Let's talk or arrange a meeting to discuss your needs
EMAIL - sprokop@7parkavenuefinancial.com
7 Park AvenueFinancial
South Sheridan Executive Centre
2910 South Sheridan Way
Oakville, Ontario
L6J 7J8
Business leasing companies in Canada. When we talk to some clients about commercial equipment finance options it's almost as if they feel there’s a secret world out there that they have not been brought into. Does that have to be the case in your search for the best equipment leasing companies ? Absolutely not. Let's dig in.
EVERY INDUSTRY HAS ASSET FINANCING NEEDS
All industries in Canada lease or finance assets. While it might be true that certain larger more sophisticated transactions require some heavy-duty expertise it certainly isn’t the case for the mainstream of business asset finance needs.
Canadian business owners and financial managers simply have to have some basics under their belts, so to speak, when it comes to understanding the current equipment lease marketplace in Canada.
UNDERSTANDING LEASE DOCUMENTATION
In certain cases, it might be some useful knowledge about documentation surrounding the lessee’s rights and obligations in equipment leases - in other instances, it might simply mean that a bit of knowledge can save you a lot of time, and money around entering into the right lease transaction - or perhaps substituting that decision with a loan or a bridge loan. Even sale-leaseback strategies require a certain amount of expertise that will always save you time and dollars when learned properly.
Many larger corporations and government bodies actually ' tender' their lease financing needs. Other firms simply ' shop around ‘, which also has its drawbacks when it comes to your financial disclosure out in the marketplace, etc.
KEY BENEFITS OF LEASE FINANCING
Do all lessees in Canada understand the true benefits of business leasing? While certain benefits are tried and true and always there - i.e. conservation of capital, quicker approval, obsolescence hedge, etc. there are numerous other benefits, some of which might actually border on intangible that the lessee should be aware of in certain circumstances. The sad reality is that in certain situations lessees think they know the benefits of asset finance - but fail to understand them through poor use of both knowledge and negotiating.
DO YOU NEED A LEASE VERSUS BUY ANALYSIS
You can spend a lot of time these days on exhaustive ' lease vs. buy ' analysis when it comes to fixed asset acquisition - and having the right tools to make a proper balance decision is key. And it’s not as complicated as you think. The type of lease you choose as well as overall credit quality will determine monthly payments based on key factors such as the amount financed, interest rates, term of the lease, etc.
UNDERSTANDING THE WAYS LEASING COMPANIES MAKE MONEY
While the Canadian business owner and manager is trying to save money your lessor is trying to make money! All businesses are of course entitled to reasonable profits to exist, but in the case of asset finance, it’s critical to understand exactly how the lessor profits and benefits - which occasionally can be at the lessee’s expense. And why is that? As we have said, misinformation or lack of information.
IT'S NOT ALWAYS ABOUT THE INTEREST RATE
Is it all about rates/interest rates in commercial equipment financing? Clients certainly seem to think so. We don’t. That’s one aspect of the puzzle, but there are many more - including the type of lease you enter into, end of term options, upgrade strategies, and on it goes.
CONCLUSION
The approval process to get started in small business lease financing is quick and easy - many small transactions are approved almost immediately and larger transactions typically need a standard business application for financing. Financial statements might be required for larger asset transactions.
If you want to maximize your interaction with business leasing companies in Canada consider seeking out a trusted, credible and experienced Canadian business financing advisor who is an expert in asset finance solutions. It doesn’t have to be that ' secret world '.
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
7 Park Avenue Financial/Copyright/2020/Rights Reserved
