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
WELCOME !
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, January 22, 2013
Leasing Company Search? Don’t Be The Lone Ranger When It comes To Lease Finance Solutions In Canada!
Canadian Equipment Financing – More Than You Think!
When searching for a lease finance solution from a leasing company in Canada it's tempting to go it alone. But you don't have to be the ' Lone Ranger '
when it comes to financing assets in Canada. There's an entire industry out there waiting to help your firm out with the right combination of solutions, rates, structures, etc. Let's explain.
We're the first to forgive Canadian business owners and financial managers for thinking that financing assets is tougher than they think. For the last couple of years it’s been pure ...
well let's diplomatically say ' a challenge ‘to arrange the financing they need for fixed assets.
The good news though is there's a new weather report - and it's sunny! with numerous tools, solutions, and yes leasing company advisors and partners to assist you.
Lease finance transactions are primarily done these days on fixed interest rates, and rates have never been lower. (Depending on credit quality of course!)
Another reason you don't have to go it alone in your financing decision is the fact that you almost won't believe the resources behind the current lease industry in Canada. They include independent private commercial firms, Canadian chartered bank owned / controlled companies, captive finance companies, and even firms that provide bridge loans that are similar in structure to leases, but are accounted for differently on your balance sheet.
Where the business owner/manger needs help these days is really in what type of lease structure most suits their firms needs. The reality is that those needs are driven by tax, accounting, cash flow and interest rate focus. In some cases you see the value of just using the asset and returning it to the lessor or mfr at the end of the term. In that case focus on an operating lease.
If you’re focused on owning the asset and strongly recognize its useful economic life than utilize the concept of lease to own, aka ' capital lease ‘.
If we had to pick one area that clients don't focus on enough (they usually just want to know ' the rate ') we would say it’s the whole area of terms and conditions. While it might be somewhat easy for the leasing company to disguise the interest rate you are paying, it’s a little tougher for them to term, payments, return obligations, and incidental fees, all of which can have a dramatic effect on the winning of losing of asset finance when it comes to your business.
Most businesses, whether it’s true or not feel they are unique in their needs. So how you address strategic, operational and financial issues around asset financing will ultimately determine if you're a lone range. or alternatively maximizing on the info and resources you need to make intelligent business financing decisions.
Want some very free assistance on how not to feel alone when it comes to lease finance in Canada? Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your asset acquisition needs.
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 10 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.
Info re: Canadian business financing & contact details :
http://www.7parkavenuefinancial.com/leasing-company-lease-finance-canada.html
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Phone = 905 829 2653
Fax = 905 829 2653
Email = sprokop@7parkavenuefinancial.com
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