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We’ve Just Made You A Triple Threat When It Comes To Acquiring New Or Used Assets For Your Business
OVERVIEW – Information on equipment finance in Canada. Here’s how leasing services for acquiring new and used assets can benefit the business owner/financial manager
When Canadian business owners and managers are aware of the benefits of equipment finance leasing and leasing services their ability to get rates, terms and structure approvals that makes sense increase dramatically.
Equipment financing in Canada is one of the easiest methods of financing business assets, bar none. By the say, that's new and used assets, technology, software, trucks and other vehicles, factory flow assets, etc . However, at the same time the complexity of the different types of leasing and who offers lease financing can be a true challenge that you might not want to dedicate all your time toward.
So what's important about this method of acquisition - You can obtain the best leasing services and rates by focusing in on what benefits matter to your firm from a priority basis - in many cases its simply the term and rate on the lease financing .
Depending on what type of asset you are financing lease terms vary from 2 to 7 years - at the end of the day it depends on the equipments useful economic life, combined with the type of lease you structured. In Canada that is either an equipment finance lease, designating your desire for ownership, or an operating lease, designating your firm's choice to use an asset, but not ultimately own it.
Leasing is often called a 'cash flow enhancer' - little or no money down, as well as your ability to craft monthly, quarterly, or semi annual payments with can either accelerate or decelerate as you require. That's true cash flow management!
Equipment lease financing is all about benefits and use, not real pride of ownership. In most situations today assets depreciate... you certainly can't look at your investment in computers and technology and make the case those assets are rising in value!
With today's volatile finance markets, inflation, and the somewhat erratic timing of the need for your asset acquisitions isn't it a safe bet to know that the decision process becomes much easier when leasing services provide you with an effective acquisition tool.
Equipment finance leasing allows you to generate the payments you need to make for the asset from income produced by the asset - payments are made from current revenue and the equipment and assets you finance are in effect a 'pay as it earns' scenario .
Today's costs are paid with tomorrow dollars since leasing involves payment for equipment as it is used. Naturally if you chose to buy the asset outright we can make the statement that you would be using today's dollars to hand tomorrow expenses, and we advise against that in conversations with clients.
Seek out and speak to a trusted, credible, and experienced Canadian business financing and lease advisor on how you can maximize the benefits of equipment lease financing to grow revenues and profits.
Stan Prokop - founder of 7 Park Avenue Financial –
Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 13 years - Completed in excess of 100 Million $$ of financing for Canadian corporations . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing. Info & Contact Details :
http://www.7parkavenuefinancial.com
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Office = 905 829 2653
' Canadian Business Financing with the intelligent use of experience '
Stan has had a successful career with some of the world’s largest and most successful corporations.
Prior to founding 7 Park Avenue Financial in 2004 his employers over the last 25 years were, ASHLAND OIL, ( 1977-1980) DIGITAL EQUIPMENT CORPORATION, ( 1980-1990) ) CABLE & WIRELESS PLC,( 1991 -1993) ) AND HEWLETT PACKARD ( 1994-2004 ) He is an expert in Canadian Business Financing.
Stan has over 40 years of business and finance executive experience. He has been recognized as a credit/financial executive for three of the largest technology companies in the world; Hewlett-Packard, Digital Equipment and Cable & Wireless. Stan has had in depth, hands on experience in assessing and evaluating thousands of companies that are seeking financing and expansion. He has been instrumental in helping many companies progress through every phase of financing, mergers & acquisitions, sales and marketing and human resources. Stan has worked with startups and public corporations and has many times established the financial wherewithal of organizations before approving millions of dollars of financing facilities and instruments on behalf of his employers.
Stan Prokop
