You Are Looking for Commercial Finance & Leasing!
You've arrived at the right address! Welcome to 7 Park Avenue Financial
Financing & Cash flow are the biggest issues facing business today
Unaware / Dissatisfied with your financing options?
Call Now! - Direct Line - 416 319 5769 - Let's talk or arrange a meeting to discuss your needs
Email - INFO@7parkavenuefinancial.com
Heaven forbid that we would ever condone a fling... but we strongly suggest that you 'hook up' with commercial financing and leasing for your 'needs‘! And what are those needs?
Equipment finance and asset finance. Two things any growing and competitive Canadian business should possess on their 'must-have' list.
Let's examine why business has been utilizing lease finance even in historic times. Interesting fact but a Babylonian king called Hammurabi actually described a lease transaction in his kingdom's code of laws. We can actually credit him with saying that it’s using something that creates wealth and profit, not just owning it.
Canadian equipment finance firms adopt that expression to this very day.
Business owners and financial managers in Canada thing of commercial finance & leasing as simply a way to acquire and pay for assets they might consider as 'expensive'.
But the good news just starts there because there are numerous other advantages to equipment finance. Let's do a quick recap of those.
The bottom line is that equipment finance is a strong alternative to ownership or paying full outright cash. You benefit from the asset, and profits (hopefully?) are derived from our aforementioned 'use' of those assets.
Business in Canada (in fact everywhere) has never moved so quickly, what took years now takes hours sometimes. That’s because of technology of course and when you utilize lease financing you create a hedge against technological obsolescence. The most obvious examples of that are computers and telecom assets
In some cases it couldn’t be simpler - you need valuable and expensive assets to grow your business and stay competitive - but you would not be able to acquire that asset without the ability to pay for it on a monthly basis.
Still contemplating that ' fling ' with commercial finance & leasing? Remember that equipment finance boils down to two key product offerings - capital leases and operating leases.
Want a simple explanation and example of those two, utilizing some real-world pricing. Let's use our friends computers/technology as an example.
Let’s say your firm needs 100k of computers and servers. Again, your choice is cash or finance. We're suggesting that fling with finance of course!
If you opt for a capital lease over, say a 3 year term your monthly payment might be around 3100$. At the end of the lease 36 month term, you own the equipment. We strongly recommend Canadian business owners amortize the lease over their estimated economic value of the asset.
But your other choice is a bit more intriguing. You can opt for an operating lease. What's my payment now we can hear our clients say? It would probably be in the 2400$ a month range. And guess what? At the end of 36 months, you have 3 choices - yes three. You can return the asset, purchase it for its current value or upgrade and extend the transaction. Talk about flexibility!
How long do you think it would take you to get up to speed on your new ‘fling' with Canadian equipment finance? Truth be told there are hundreds of firms, in the categories of captive lessors, independent finance firms, divisions of banks, etc.
We prefer easy as opposed to hard. So consider instead talking to a trusted, credible and experienced Canadian business financing advisor who knows the players, the markets, and the right features and structure that make sense for your firm. Bottom line; utilize a business financing veterans experience to your own benefit.
P.S. 80% or more of all Canadian firms utilize commercial financing and leasing. So consider that fling today.
commercial finance leasing equipment finance
