Commercial Equipment Finance Company 7 Park Avenue Financial

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The Commercial Equipment Finance Company In Canada. Asset Finance Should Not Be A Chore
Bringing You In On A ‘Need To Know' Basis For Equipment Leasing in Canada



 

YOUR COMPANY IS LOOKING FOR ASSET FINANCING!

EQUIPMENT FINANCING FOR NEW EQUIPMENT / 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

 

lease financing and equipment financing canada    equipment leasing canada

The Commercial equipment finance company in Canada. When it comes to asset financing we sometimes get the sense that some of our clients feel like it’s almost a big ' chore ' so to speak. Does it have to be? Absolutely not of course, and we're going to bring you in strictly on a ' need to know ' basis to hopefully make those asset acquisitions more successful.

 

LEASE FINANCE IS USED BY ALL TYPES OF CORPORATIONS IN NORTH AMERICA

 

While some businesses might think they need to be somewhat ' cash strapped ' before considering lease financing that is also not the case. The largest and most successful corporations in Canada, even our chartered banks utilize this method of asset acquisition.

 

EVEN CANADIAN BANKS UTILIZE EQUIPMENT LEASING FOR THEIR ASSET ACQUISITIONS IN AREAS SUCH AS TECHNOLOGY

 

No one would ever accuse our banks of having difficulty to finance themselves; the reality? They simply see the benefits. These include tax advantages, ease of acquisition, ongoing replacement of technology, etc. All the same, issues that your firm faces. (Just on a bigger scale!)

 

VENDOR / LEASING COMPANY RELATIONSHIPS DRIVE THE INDUSTRY

 

Relationships with vendors is often a key part of dealing with the commercial lease company in Canada. In many cases, your suppliers or vendors might have preferred programs in place which pass finance savings on to you. And here's somewhat of a secret... (Don’t forget you're in on our ' need to know' basis!) quite often vendors and suppliers   ' buy down ' your financing costs by ponying up a portion of the finance charges. They, including the captive finance companies in Canada, want your business!

 

CREDIT APPROVAL AND LEASE AGREEMENT DOCUMENTATIONS IS KEY

 

Many clients also view the credit approval and documentation issues surrounding leasing as another part of their ' chores '. While they are entitled to think that way the reality is that properly positioned financing applications can in most cases these days be approved in a matter of a day or two. (Large complex deals take a bit more time). Additionally, investing a bit of time in understanding and negotiating lease terms can save you thousands of dollars in areas such as end-of-term obligations, down payments, structuring, etc.

 

THERE ARE 2 TYPES OF EQUIPMENT LEASES - WHICH ONE IS FOR YOUR COMPANY?

 

Two! Can you remember that number - it's only 2 choices you can make in the type of lease you are entering? Focus simply on ' owning ' the asset, or ' using ' the asset. It's one or the other and we're referring to Capital leases (own) or Operating Leases (use).

 

4 KEY ISSUES TO CONSIDER IN LEASING COMPANY SELECTION

 

Dealing with the right lease company for your financing solutions is half the battle when it comes to asset financing that will meet the needs of your firm. Your key ' need to knows' in this regards are issue such as:

 

1.Geographies they serve

2.Type of Assets they finance

3.Transaction limits - small, large, in between (The industry itself calls these small, mid and large ticket)

4.Do they finance technology? (Yes, software can be financed!)

equipment finance canada       canadian equipment financing

CONCLUSION

 

If you want to eliminate the chores associated with financing your assets consider seeking and speaking to a trusted, credible and experienced Canadian business financing advisor who can help you navigate the asset financing challenge many firms face today.

 

 

Click here for the business finance track record of 7 Park Avenue Financial
 

 

 




7 Park Avenue Financial/Copyright/2020/Rights Reserved


' Canadian Business Financing With The Intelligent Use Of Experience '

 STAN PROKOP
7 Park Avenue Financial/Copyright/2024

 

 

 

 

 

Stan Prokop is the founder of 7 Park Avenue Financial and a recognized expert on Canadian Business Financing. Since 2004 Stan has helped hundreds of small, medium and large organizations achieve the financing they need to survive and grow. He has decades of credit and lending experience working for firms such as Hewlett Packard / Cable & Wireless / Ashland Oil