Equipment Financing 7 Park Avenue Financial

YOUR COMPANY IS LOOKING FOR CANADIAN EQUIPMENT FINANCING! 

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 - INFO@7parkavenuefinancial.com

Equipment financing in Canada is both wanted... and needed. As the Canadian economy continues to improve your business has the need for new or replacement equipment.

How do you do that efficiently, economically, and cash flow smart? Finance those new assets! Let's dig in.

Pretty well every asset can be financed.

Computers ('Information technology' 'IT')

Plant and production equipment

Software - (Yes, software!)

Rolling stock - i.e. trucks, trailers, etc.

Specialized Equipment

Etc.! Emphasis on Etc.!

So what lease partner should you deal with?

Many of our customers focus on 'rate', or in effect the price. It goes without saying that your firm wants a competitive rate, and clients are surprised when we say they get to pick their own rate! What do we mean by that? We simply mean that your company's overall credit quality will always determine the rate and structure and terms of the lease. However, in order to achieve that best rate or  'pricing' you need to ensure your company is presented in the best light possible.

The right lease advisor/partner will allow you to reap some or all of the following ten benefits:

Conserving cash

Cash flow predictability

Ability to use cash for more pressing current liabilities

An alternative to 'the bank'

Letting new assets improve your processes/production

Flexibility re: adding on, upgrading, trading in

No equity give up

Allows your other borrowings to stay current

Reap the accounting benefits - i.e. depreciation, etc.

Stay competitive with what your competitors are doing

How are lease approval decisions made? No one factor determines an equipment lease financing approval. It's quite frankly what our firm likes to call the 'weight of evidence'. That simply means that several key factors such as your financial statement health, the current state of your industry, the asset quality, and your ability to demonstrate repayment are the key factors in any lease financing approval.

But wait - there's more!

You don't have to be an established business - lease financing can be for a start-up or emerging company also.

1. Your equipment doesn't necessarily have to be new, it can be used if you can demonstrate its value and that it has been maintained and still has a useful economic life

2. You might already own an asset - let's say it is not financed, you can lease it back to the lease firm and generate cash flow and working capital from that transaction!

3. Banks in general in Canada do not provide lease financing - two of the Canadian banks have lease financing operations but credit quality must be quite good to achieve bank type lease financing

4. Being declined does not necessarily mean that you can't get the equipment financing - we simply restructure the transaction to meet the approval criteria - that might mean a simple restructuring of the lease

Seek out and speak to an equipment finance expert!

Stan Prokop