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
Tuesday, April 23, 2013
Business Leasing Companies In Canada . It’s Not A Secret World When It Comes To Commercial Equipment Financing Options
No Lame Excuses When It Comes To Lease Financing Strategies And Solutions
OVERVIEW – .Information on business leasing companies in Canada . Commercial equipment finance options are abundant if you know the who and how !
Business leasing companies in Canada. When we talk to some clients abut commercial equipment finance options it's almost as if they feel there’s a secret world out there that they have not been brought into. Does that have to be the case? Absolutely not. Let's dig in.
All industries in Canada lease or finance assets. While it might be true that certain larger more sophisticated transactions require some heavy duty expertise it certainly isn’t the case for the mainstream of business asset finance needs.
Canadian business owners and financial managers simply have to have some basics under their belts, so to speak, when it comes to understanding the current leasing marketplace in Canada.
In certain cases it might be some useful knowledge about documentation surrounding the lessee’s rights and obligations - in other instances it might simply mean that a bit of knowledge can save you a lot of time, and money around entering into the right lease transaction - or perhaps substituting that decision with a loan or a bridge loan. Even sale leaseback strategies require a certain amount of expertise that will always save you time and dollars when learned properly.
Many larger corporations and government bodies actually ' tender' their lease financing needs. Other firms simply ' shop around ‘, which also has its drawbacks when it comes to your financial disclosure out in the marketplace, etc.
Do all lessees in Canada understand the true benefits of business leasing? While certain benefits are tried and true and always there -ie conservation of capital, quicker approval, obsolescence hedge, etc there are numerous other benefits , some of which might actually border on intangible that the lessee should be aware of in certain circumstances. The sad reality is that in certain situations lessees think they know the benefits of asset finance - but fail to understand them through poor use of both knowledge and negotiating.
You can spend a lot of time these days on exhaustive ' lease vs. buy ' analysis when it comes to fixed asset acquisition - and having the right tools to make a proper balance decision is key. And it’s not as complicated as you think.
While the Canadian business owner and manger is trying to save money your lessor is trying to make money! All businesses are of course entitled to reasonable profits to exist, but in the case of asset finance it’s critical to understand exactly how the lessor profits and benefits - which occasionally can be at the lessee’s expense. And why is that? As we have said, misinformation or lack of information.
Is it all about rates / interest rates in commercial equipment financing. Clients certainly seem to think so. We don’t. That’s one aspect of the puzzle, but there are many more - including type of lease you enter into, end of term options, upgrade strategies, and on it goes.
If you want to maximize your interaction with business leasing companies in Canada consider seeking out a trusted, credible and experienced Canadian business financing advisor who is an expert in asset finance solutions. It doesn’t have to be that ' secret world '.
BUSINESS LEASING COMPANIES
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 :
CONTACT :
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
Stan Prokop
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