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.
Tuesday, December 6, 2011
A Perfect Cure? Why Canadian Business Equipment Finance And Asset Finance Via Leasing Create A Tipping Point For Success
Winning with Business Equipment Finance
Information on how business equipment finance via a solid asset financing and leasing strategy can strengthen your firms asset base and provide solid working capital and cash flow relief .
The ' tipping point '. It's one of those business terms that seems quite popular these days, denoting a ' critical point which leads to an irreversible development '. We think it's a solid term to describe how Canadian business owners realize that business equipment financing, ie asset financing via leasing suddenly becomes your new success strategy for financing your firms new /required assets.
It's a fact that over 80% of all businesses in North America lease equipment. Unfortunately we run into many clients that are not 100% sure they are at that ' tipping point yet. That could be for a number of reasons. While the majority of folks we talk to are mesmerized about the interest rates or monthly payment on a transaction they often don’t understand other risks and benefits associated with business equipment finance.
Canadian business owners and financial managers can create their own tipping point by investing just a small amount of time , either on their own or talking to a Canadian business financing advisor on the total ' lifecycle' of the lease transaction . When you minimize any penalties and risks, while at the same time maximizing benefits, it's clear you're pretty well at our ' tipping point '.
Just discovering new leasing and asset financing options can be the difference in how your firm used to look at leasing and how you might be looking at it completely from a different perspective in the future,
Operating leases are generally a very misunderstood aspect of business financing in Canada. We've got our own theories on that, because some lessors sure do a great job of confusing this offering, particularly when it comes to understanding all the flexibility that you can invoke before, during, and at the end of the term of the lease.
We never want our clients to think of their lease company partner as an ' adversary '. In Canada there are hundreds of equipment finance firms who theoretically want to provide you with the best financing terms you are looking for - that ‘nirvana’ combination of great rates, terms, and structures.
Yet many business owners and finance managers, particularly for small and medium sized companies there never sure if they are leaving money on the table.
The 5 aspects to any equipment lease transaction are the term of the lease, the interest rate, the value of the transaction, the monthly lease/rental payment and the end of term option. That’s a handful, but by simply focusing on the positive and risk aspects of any of those aspects of your transaction you are moving ever closer to our tipping point.
Even simply things like putting a one time master lease agreement in place allows you to provide a consistent program for your firm of benefits that make sense.
When you combine and understand the powerful aspects of asset financing and leasing in Canada, ie capital preservation, tax and accounting advantages, asset disposal, etc you are exactly where you want to be. Speak to a trusted, credible and experienced Canadian business financing advisor who can help you achieve our tipping point.
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 7 years - has completed in excess of 80 Million $$ of financing for Canadian corporations . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing
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