YOUR COMPANY IS LOOKING FOR LEASE FINANCING!
LEASING EQUIPMENT FOR YOUR BUSINESS
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 Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Oakville, Ontario
L6J 7J8
Does your ability to deal with a leasing company empower your asset finance needs? We checked out ' empowerment' in the dictionary and it's all about giving ' power and authority '. Your ability to master dealing with and recognizing the benefits of the right leasing company and solution clearly put you in empowerment mode. Let's explain!
At the heart of leasing finance is its ability to be both straightforward, yet creative when it comes to financing assets your business needs, or needs to replace! We constantly hear the term ' win/win' in business and nothing embodies that more than your ability to properly finance assets.
EFFECTIVE LEASE SOLUTIONS EMPOWER YOUR BUSINESS CAPITAL NEEDS
Lease finance in effect empowers you to have greater control over a number of key aspects of your business - they include cash outflows, balance sheet and income statement consequences, and the ability to profit using assets acquired under the lease. Some of those assets might in fact be needed in the normal course; some allow you to gain a competitive edge over the competition. Lessees such as your company can choose between a capital lease or an operating lease - in layman's terms, that's a lease to own or lease to use respectively. That end of the lease issue is key in both of those issues, meaning of course how your firm will manage or return the asset at lease term.
In an operating lease, the final payment is called a ' fair market value option' allowing you and the lessor to mutually agree on the residual value of the asset - which is often technology-related.
Lease payments will vary depending on the type of lease you will choose based on the term and residual value of the asset. In a capital lease, the final payment you make is called a ' bargain purchase options ', designating your choice to own the equipment on that final payment being made.
The bottom line? Ensure you give some consideration to the useful life of the asset in question!
CAPTIVE FINANCE COMPANIES TIED TO A MANUFACTURER ARE SOLID LEASE SOLUTIONS
When Canadian business owners and managers acquire assets from major manufacturers they are often pleasantly surprised to find out that these corporations have independent finance-related companies that are incented to move products. That’s to your benefit of course, and taking advantage of their financing options is a clear example of empowerment.
FINANCE OPTIONS
What are some of those finance options? They might include:
1.Staggered cash flows / flexible monthly payments
2.Low or no down payments.
3.Operating leases with greater flexibility at end of term, etc.
And on it goes.
GAIN CONTROL OF YOUR BUSINESS FINANCING VIA EFFECTIVE LEASE FINANCE STRATEGY - HERE IS HOW
Quite frankly we can’t think of one other form of business financing that allows you to gain a certain level of control over technology, financial statement presentation, cash flow management, as well as the opportunity to match the economic life of certain business assets to your own firm's financial condition.
Feeling locked or trapped in, in any form of business is not a great feeling. A leasing company allows you to manage the concept of upgrading, whether that be on the shop floor or in the computer room. We're constantly told we are living in a ' knowledge-based ' environment, so just managing tech assets such as computers, telecom assets, and application software all can make or break your business. With what other financing mechanisms other than an equipment lease can you in fact transfer the risk of obsolescence to the lessor, your lease company?
The answer - basically none!
ASSET FINANCE ALLOWS YOU TO DELIVER HIGHER ROA AND ROE
Owners and managers of corporations of all sizes are beholden to their shareholders (in some cases themselves!). Leasing companies offer you solutions that allow you to report a higher level of return on assets and return on equity.
LEASING HELPS YOU CIRCUMVENT THE CAPITAL BUDGET CHALLENGE!
Many managers in medium-sized and larger corporations are ' victims 'of 'corporate budgets. At least it certainly feels that way sometimes. Lease companies allow managers that are constrained by capital budgets to acquire the assets they need to run their division or business. That's empowerment! And again let us make the point that what other finance tool allows you to acquire more expensive and better assets while keeping monthly payments or budgets in line. As we said, we can't think of one. Lease accounting is easy to manage as to how it impacts your balance sheet - business people should always check with their accountant on balance sheet and how to expense lease payments.
CONCLUSION
Want to get a bit more ' empowerment' when it comes to financing business assets? Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your asset finance needs, whether its capital leases or operating leases as your choice of finance. Naturally, some firms still prefer a business loan as an option to acquire assets.
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
7 Park Avenue Financial/Copyright/2020/Rights Reserved
