Our blog highlights Canadian Business Financing solutions via receivable finance , equipment finance, working capital financing, asset based lending, business acquisition financing,franchise finance, and tax credit monetization via SRED and Film Tax Credits. Our goal is to educate and assist Canadian businesses with their financing needs. You Are Looking For Canadian Business Financing! Welcome to 7 Park Avenue Financial Call Now ! - Direct Line - 416 319 5769
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In 2004 I founded 7 PARK AVENUE FINANCIAL. At that time I had spent all my working life, at that time - Over 30 years in Commercial credit and lending and Canadian business financing. I believe the commercial lending landscape has drastically changed in Canada. I believe a void exists for business owners and finance managers for companies, large and small who want service, creativity, and alternatives.
Every day we strive to consistently deliver business financing that you feel meets the needs of your business. If you believe as we do that financing solutions and alternatives exist for your firm we want to talk to you. Our purpose is simple: we want to deliver the best business finance solutions for your company.
Saturday, April 30, 2011
Why Your Competition Is Stampeding To Business Equipment Leasing Financing – Canadian Commercial Finance Advice
Be honest . Whether you admit it more often than not we're looking over our shoulder at the competition and what they are doing. Why not instead lead the stampede towards successful business equipment leasing and financing for the commercial finance needs you have in business equipment acquisition?
Well known business author Steven Covey ( The 7 Habits ...”) had a great line: ' Diagnose before you prescribe ‘. I guess we're breaking his rule a teeny bit because we do strongly feel that business leasing and equipment financing should be in your toolkit already as a Canadian business owner or financial manager. And we don't even know what your financial challenges or problems are... so that’s somewhat presumptuous of us... wouldn't you say?
Over 80% of Canadian businesses lease assets - your competition is doing it today. Why are they stampeding toward this type of financing solution - simply because they are choosing not to purchase outright and tie up huge amounts of cash (relatively speaking) and use up that much required working capital that’s needed for daily operations.
Your competitors are focused on two things - selling more, and making a buck!
Bank term loans often require additional collateral and other covenants to make a financing transaction happen - Business equipment leasing financing doesn’t not do that, it’s a commercial finance alternative that makes sense.
Getting approved is always half the battle when we talk to clients about their finance challenges. If you have a solid financial history, good business credit, and all those financial ratios that a lender looks at you can achieve extremely low lease financing rates in the Canadian marketplace.
But, look at some of your competition - as a savvy business owner you probably know your market and competition, and they might not be doing as well as others out there might think. So how are they obtaining commercial finance leases that allow them to continue to move their companies forward?
The answer in one word - 'structuring ‘. What's that you say? It’s the term that the lease finance industry uses in Canada to make things happen - for you.
In simple terms it might mean that you might not be able to take advantage of all of the great advantages of equipment finance - things such as 100% financing, the financing of your taxes related to the asset, tailored payments, potential off balance sheet financing .. And on it goes. The benefits are endless.
But guess what, as we said, if your firm does have financial challenges there is still a lease finance transaction out there for you. Working with your best lessor choice will allow things such as a potential down payment, a shorter term to the transaction, etc to make your transaction happen - which is what it’s all about.
Your competitors are stampeding to their business asset financing of choice because they recognized the benefits, whether they are financing computers, software, plant assets, heavy machinery, you name it. Speak to a trusted, credible and experienced Canadian business financing advisor. It's now your turn to lead the charge to successful business finance in Canada.
Stan Prokop - founder of 7 Park Avenue Financial -
http://www.7parkavenuefinancial.com
Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 7 years - has completed in excess of 50 Million $$ of financing for Canadian corporations .Info re: Canadian business financing & contact details :
http://www.7parkavenuefinancial.com/business_equipment_leasing_financing_commercial.html
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