Technology Finance Via Leasing In Canada. From A Laptop To PC’s And Servers Equipt Financing Has Got Your Back!

Hitting A Bulls Eye In Technology Financing


OVERVIEW – Information on the leasing of computer, laptop, server, and tablet assets via a technology finance solution that meets the needs of Canadian business




Technology finance in Canada . Business owners and financial managers are always challenged about their ability to financing their technological needs, and that ranges all he way from laptops, tablets, personal computers , and the backbones of their infrastructure, ie servers, software, etc. They recognize the importance of technology in moving their business forward - they just struggle with the costs and the constant change.

Simply speaking they want to get the most out of their tech assets, at the lowest cost and capital outlay. It's the use of those assets that becomes the challenge in technology leasing - if only for the reason that obsolescence seems to set in awfully fast these days! Whether its a ' mission critical' need, or just operational in nature relative to your daily operations the owner/manager needs to understand the importance of acquiring technology in the right manner.

While many assets in your company have a long term use that's certainly not the case with your ever changing tech needs. That is simply why lease financing is by far the recommended by top experts method of acquiring these assets.


While normal leases in Canada run between to and 5 years it’s very common for computer leasing to be in the 2-3 year range, although as we have stated, the business owner does in fact have the option to utilize a longer term.

The overall process could not be simpler - you choose your vendor or manufacturer , negotiate your price and then your leasing company partner arranges payment with your vendor. In certain cases it’s optimal to have the mfr. finance your transaction if they in fact have a captive finance company associated with their business. Captives are incented to make transactions happen, and that means faster approval and occasionally more liberal credit approval criteria.

When you make a technology decision around new assets you have to focus on whether you wish to ultimately ' own' the asset, or if you wish to ' use' the asset for its benefits. That translates directly into one of two choices you have to make when entering into a tech lease - choosing between a capital ' lease to own' or an ' operating' lease to use. This is an important decision that must be made up front at the inception of your transaction.


When you wish to not own assets and if they fall into the category of a shorter life cycle then an operating lease will always be your best solution. At the end of the lease you have the right to return, upgrade, or extend your transaction, and if properly structured new technologies in your firm can be maintained under that same monthly payment you achieved in the prior lease. Pride of ownership is NOT a decision maker in tech finances!

Cash flow and budgets drive a lot of technology lease decisions. Business owners want to get the most out of their tech assets, while at the same time preserving cash flow and staying within their mandated budgets. While your software and hardware needs are key to operations and growth it’s your cash outlay that is often the biggest concern when it comes to constantly upgrading technologies.

We advise clients that it is critical to understand your obligations, and , more importantly, your option that exist in technology leases and financing. Such issues as the ability to terminate, upgrade, renew or buy are at the heart of tech finance.
Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your financing needs all the way along the tech food chain – including software, hardware, and other related asset categories.



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 :

TECHNOLOGY FINANCING SOLUTIONS AT 7 PARK AVENUE FINANCIAL


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