YOUR COMPANY IS LOOKING FOR BUSINESS FINANCE SOLUTIONS!
EQUIPMENT FINANCING & EQUIPMENT LEASE FINANCING SOLUTIONS
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?
CONTACT:
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Direct Line = 416 319 5769
Email = sprokop@7parkavenuefinancial.com
Asset financing in Canada sometimes just requires a certain level of ' therapy ' when business owners/managers consider acquiring new assets from financing companies in Canada.
Solutions provided by equipment leasing companies in effect provide your best odds (even if you're not a betting person!) in solving that business finance challenge. The dictionary defines ' therapy ' as an ' act that relieves tension' and equipt finance solutions certainly do that when it comes to the challenge. Let's dig in.
THE POPULARITY OF LEASING IN CANADA
Equipment lease finance is all about using and not owning - that’s the basic simple premise. The reasons why 80% of all North American businesses at some time or regularly lease assets via equipment financing as they want to use cash for running, expanding, or growing their business - sometimes even buying another business.
WHAT TYPE OF LEASING COMPANY WILL DELIVER ON YOUR ASSET FINANCE NEEDS?
Where it gets tricky is knowing which leasing company to use as the industry is somewhat fragmented. You can deal with an independent firm, or in some cases divisions of large corporations or banks. The end solution will always be the same though - access to capital to buy equipment with a monthly cash flow outlay that matches your firm's financial profile. Whether you are a small business, start-up, or established firm it makes sense to use asset finance strategies.
If there is one standout feature of equipment leasing in Canada is its ability to provide special expertise for a lot of industries that are not mainstream, or where asset life and specific use are unique. By the way, the other standout feature of lessors is that it is generally acknowledged by all experts that lease financing is easier to obtain than bank term loans.
Is there a clear path to understanding lease companies and when the ' lease finance solution ' will work for your firm? In fact, there is and we think we can summarize it as follows:
MATCH YOUR LEASE FINANCING SOLUTIONS TO THE USEFUL LIFE OF ASSET
Owners/managers seeking an equipment lease or equipment loans should understand the length of time the asset will be in use at their business. Computer financing is a good example, in that technology assets tend to depreciate very quickly, thereby being perfectly suited to upgrading and replacing via a lease finance solution.
Will the asset still have value at the end of the lease and who is best to address that value - you or the lease company - that is reflected in your monthly payments by the way, especially in ' lease to use' transactions such as operating leases
What is your cash flow situation relative to credit approval and cash outlay? That is always an important consideration.
CONCLUSION
Asset-based leasing and financing is a viable solution without regard to what stage of life your business is in, from start-ups to major corporations. When acquiring assets via major financing flexibility terms that are custom-tailored to your business makes sene purchase financing is your best solution.
Acquiring assets in a capital intensive business is a costly process, so the ability to leverage the cash you have to acquire new of used assets that will assist in growing sales and generating profits should be job 1 for a chief financing officer. Whether it is a lease of a loan the ability to acquire assets in a cost-effective manner is key.
The key benefits of an asset finance strategy are that the key collateral for the loan is the asset itself, so even smaller businesses without established credit profiles or owner personal credit scores can acquire fixed assets. In equipment finance, it's all about conservation of cash and preserving your other credit facilities that your company might have in place - that allows you to use operating capital for your short term operating funding requirements, while at the same time acquiring assets that will assist in growing sales and profit.
There is no end to the type of assets that can be financed: farming equipment, heavy equipment, technology, software, office equipment, rolling stock for fleets, etc. Any tangible asset can be financed, and as we noted, software financing is also very feasible.
If you're looking to beat the odds in asset financing with the right leasing company seek out and speak to an equipment finance broker or trusted, credible and experienced Canadian business financing advisor who can assist you with your equipt finance challenges,.
