Thanks for dropping in for some hopefully great business info and on occasion some hopefully not too sarcastic comments on the state of Business Financing in Canada and what we are doing about it !

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.

Monday, June 17, 2013

The Commercial Equipment Finance Company In Canada. Asset Finance Should Not Be A Chore

Bringing You In On A ‘ Need To Know ‘ Basis For Equipment Leasing in Canada

What does the Canadian firm looking for asset financing need to know about the commercial equipment finance company solutions that are available

The Commercial equipment finance company in Canada. When it comes to asset financing we sometimes get the sense that some of our clients feel like it’s almost a big ' chore ' so to speak. Does it have to be? Absolutely not of course, and we're going to bring you in strictly on a ' need to know ' basis to hopefully make those asset acquisitions more successful.

While some businesses might think they need to be somewhat ' cash strapped ' before considering lease financing that is also not the case. The largest and most successful corporations in Canada, even our chartered banks utilize this method of asset acquisition.

No one would every accuse our banks of having difficulty to finance themselves; the reality ??? .... They simply see the benefits also ! These include tax advantages, ease of acquisition, ongoing replacement of technology, etc. All the same issues that your firm faces. (Just on a bigger scale!)

Relationships with vendors is often a key part of dealing with the commercial lease company in Canada. In many cases your suppliers or vendors might have preferred programs in place which pass finance savings on to you. And here's somewhat of a secret... (Don’t forget you're in on our ' need to know' basis!) quite often vendors and suppliers ' buy down ' your financing costs by ponying up a portion of the finance charges. They, including the captive finance companies in Canada want your business!

Many clients also view the credit approval and documentation issues surrounding leasing as another part of their ' chores '. While they are entitled to think that way the reality is that properly positioned financing applications can in most cases these days be approved in a matter of a day or two. (Large complex deals take a bit more time). Additionally, investing a bit of time in understanding and negotiation lease terms can save you thousands of dollars in areas such as end of term obligations, down payments, structuring, etc.

Two! Can you remember that number - its only 2 choices you can make in the type of lease you are entering? Focus simply on ' owning ' the asset, or ' using ' the asset. It's one or the other and we're referring to Capital leases (own) or Operating Leases (use).

Dealing with the right lease company is half the battle when it comes to asset financing for your firm. Your key ' need to knows' in this regards are issue such as:

Geographies they serve
Type of Assets they finance
Transaction limits - small, large, in between (The industry itself calls these small, mid and large ticket)
Do they finance technology? (Yes, software can be financed!)

If you want to eliminate the chores associated with financing your assets consider seeking and speaking to a trusted, credible and experienced Canadian business financing advisor who can help you navigate the asset financing challenge many firms face today.

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 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 :


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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