YOUR COMPANY IS LOOKING FOR EQUIPMENT LEASING SOLUTIONS!
You've arrived at the correct 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 Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Oakville, Ontario
L6J 7J8
Leasing companies in Canada almost always provide the classic ' Hail Mary Pass ' for financing asset needs. Whether it's fixed assets, rolling stock, or technology needs, the ' right ' lease company solves the problem, just when you needed it most. Let's dig in.
HOW TO REALIZE THE BENEFITS OF LEASE FINANCING FOR YOUR BUSINESS NEEDS
How does the business owner/financial manager sift through, process, and reap the equipment financing solution's benefits offered by a leasing company? Numerous real or perceived obstacles come up - they include a requirement to understand some of the industry's basics, allowing you to reap the benefits they so strongly preach. A lease payment calculator, easily found online, can provide you with a monthly payment estimate quickly.
QUESTIONS ON LEASE FINANCING CANADA
While many owners more experienced in lease financing constantly reap those benefits, many firms still wrestle with the basics - they include:
What is the difference in rates based on asset size, credit quality, and type of asset financed?
Are there alternatives to the lease solution?
How important are the tax and accounting implications of asset financing?
Is it necessary to perform a ' lease vs. buy ' analysis?
What types of leases are available, and how do they work?
EQUIPMENT FINANCING IS COMPETITIVE - THAT MEANS GOOD INTEREST RATES AND FLEXIBLE FINANCING TERMS
As a lessee, you're in a much strong position than you think. The Canadian lease landscape is very competitive, current rates are at an all-time low, and different types of financial firms genuinely want your business. By the way, it's during this negotiation stage that your firm or your lease advisor. It truly wields the most negotiating power.
UNDERSTANDING YOUR RIGHTS AND OBLIGATIONS IN THE LEASE
When it comes down to credit approval and documentation at future stages in the lease process, it's essential to define your rights and obligations under the lease. Knowing the asset quality and useful life of the asset is also essential, as that ' end of term ' value is often critical to know who's making more money on the transaction, you or your lessor!
LEASE CREDIT APPROVAL IS AVAILABLE FOR ALL VIA EQUIPMENT LEASING COMPANIES
As we have said, the choice in your financing needs is significant in the Canadian marketplace. Independent commercial firms, banks, and captive finance firms directly related to manufacturers all vying for your business. A lot of shoe leather can be wasted, by the way, when it comes down to searching for firms that ultimately can't meet your needs when it comes to deal size, assets financed, or your firm's credit profile. The good point of ' credit profiles is that virtually all credit quality can be financed. If your company has credit ' challenges, ' leases can be ' structured' vis a vis term, down payment, outside collateral, etc.
Office equipment leasing and technology needs can be easily financed under rates, terms and structures that make sense for your cash flow.
Trailer leasing and heavy equipment lease assets are common assets being financed, as leasing construction equipment is convenient and less capital intensive,
If you have a business loan requirement, you can consider the government-guaranteed loan, aka the CSBF loan, under the Canada small business financing program - it's an alternative to a lease and requires the traditional lease versus loan analysis that you should improve, vis a vis what's best for your firm.
WHAT ARE KEY ASPECTS OF LEASE FINANCING BUSINESS OWNERS NEED TO KNOW ABOUT EQUIPMENT LEASING COMPANIES IN CANADA
It can't be expected that all business owners requiring asset financing needs know all there is to know about the equipment lease mechanics. That's when it might be beneficial to use the services of 7 Park Avenue Financial; a trusted, credible and experienced Canadian business financing advisor who can assist you in issues such as:
Pricing/ financing cost
Your firm's deal requirements.
Suitable funders
Documentation/ Credit Approval
In effect, you're utilizing the experience and knowledge of the industry for your firm’s maximum benefit. All of a sudden, that ' Hail Mary pass' looks better than ever!
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
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