YOUR COMPANY IS LOOKING FOR A LEASE FINANCE SOLUTION!
EQUIPMENT LEASE FINANCING 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 Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Commercial equipment asset lease financing in Canada. When it comes to being in a state of ' blissful ignorance ' on asset finance solutions and options we feel that’s the wrong state of mind to be in. Here's why!
BASIC EQUIPMENT FINANCE IDEAS HAVE CHANGED
Equipment financing in Canada is clearly one of the growth engines behind asset acquisitions for companies that are competing and growing. Some of the old mindsets around basic equipment finance and purchase price funding have changed drastically both in theory and in real-world practice, which is where we toil daily!
THE LEASE FINANCING INDUSTRY IS SEGMENTED - LET 7 PARK AVENUE FINANCIAL HELP YOU NAVIGATE THE LANDSCAPE
Today the industry is very segmented and somewhat, shall we say, fast-moving - that’s where some experience and knowledge about some really basic issues can put you at the head of the pack quickly
IS YOUR ASSET SMALL, MEDIUM OR LARGE? THAT WILL DICTATE YOUR SOLUTION
When approaching an asset finance solution need it's important to know what lease market segment your acquisition fits into. It’s simply a decision - small, mid, or large. Just putting your company and asset needs quickly into the right category is going to save you time and money. Also, knowing how to assess your end of the lease options is also critical - At 7 Park Avenue Financial we caution clients to spend as much time on the lease term option versus the proverbial ' monthly payment ' concern.
Monthly lease payments are simply a factor of knowing your cost, interest rate, lease term, and end of term option. It's as simple as that. An online equipment leasing calculator can quickly help you determine an approximate monthly payment.
Lease payments are always ' top of mind ' with our clients and are often not the most important aspect of an equipment lease. It is always recommended you consider the useful life of the equipment in determining optimal lease structure. Any type of equipment can be financed, new or used.
LET 7 PARK AVENUE FINANCIAL BE YOUR LEASING PARTNER
Different lessors populate each of those categories. Some are huge private corporations, some are small regional lease brokerages, some are U.S. owned (no problem with that!), and some are even subsidiaries or division of Canadian and U.S. banks. One of the best leasing bets you can make is to finance through a captive firm leasing company; that's a finance firm that’s associated with the manufacturer of the asset you are purchasing. That's a great option in technology financing.
THE LEASE VERSUS BUY QUESTION
All of these different entities have different asset and dollar size appetites. But all firms have the same thing in common - they want to help you acquire assets to grow and prosper. Because assets can be a large part of your capital expenditure process commercial equipment lease financing in Canada is a solid alternative to using your bank line of credit or other credit facilities that are available. A business loan/equipment loan is that alternative to asset financing via a lease.
LET LEASE FINANCING HELP CONSERVE YOUR OTHER CREDIT FACILITIES
We're assuming you have bank lines of credit! Many do not, and the reality is that asset leasing in Canada can be accomplished by structuring a transaction that might involve a down payment, an accelerated payment, some outside collateral, etc - so even firms that have some level of credit and financial challenges still utilize lease solutions at a restructured interest rate every day.
The cost of the equipment should never be an obstacle to your firm's innovation! And that includes startups by the way. It's Canadian finance balance sheet financing that works!
LET THE EQUIPMENT FINANCE SOLUTIONS SOLVE YOUR CAPITAL BUDGETING CHALLENGE
Medium size and larger corporations struggle with operating and capital budgets. Lease finance plays perfectly into those challenges - removing budget and CAPEX obstacles. Larger corporations use lease financing as an alternative to tapping financial markets for more equity or expensive debt.
CONCLUSION
Business owners and financial managers often need help in coming up with the ' perfect fit ' when it comes to asset financing and the type of equipment they require to run and grow their business. That means assessing the type of lease you should be in (capital or operating) and getting some help on the accounting and tax aspects of lease finance. All of those tend to be quite positive by the way!
The bottom line? Leasing equipment for a small business or any size business for that matter can be challenging - As we said, blissful ignorance should play no part in asset acquisition finance. Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can help you navigate the equipment lease world. A miracle financing drug? Almost!
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
7 Park Avenue Financial/Copyright/2020/Rights Reserved
