Equipment Leasing In Canada. No Hidden Message Here When It Comes To Asset Financing

Harder Than Capturing A Bogle? Equipment Lease Finance Is Easier Than You Think




OVERVIEW – Information on equipment leasing in Canada. Financing assets isn’t as difficult as the business owner/manager thinks it is . Arm yourself with asset finance knowledge




Equipment leasing in Canada . When it comes to asset financing in Canada does the Canadian business owner/manager view that whole process as being harder than capturing a BOGLE? And what, by the way is a Bogle? Simply speaking it's a Scottish ghost. The great line about Bogles is that they're defined as ' reputed to live for the simple purpose of perplexing mankind ‘. We've met a few people and run into a few issues over the years that qualify in that category!

Asset finance needs exist for both the start up and major corporations. You win with lease finance when you understand and maximize the benefits, and fully understand what you're getting into re documentation, approval, etc.

Numerous strategies exist within leasing companies to make this method of Canadian business financing attractive. The ones most touted are low or no down payment, ability to return or upgrade the asset, deferred payment structures, early buyouts, etc.

The one thing we observe constantly when talking to client about fixed asset needs is that every firms needs, or perhaps a better word, ' focus ' is different.

What are some of those reasons? They might include

Capital and cash flow conservation

Ability to use capital destined for assets for other purposes such as marketing, research and development -
SR&ED

Ability to access alternate non bank sources of credit (aka ' spread the risk')

If there is one ' EVERGREEN' use of equipment financing in Canada it's that almost any asset today can be financed. That includes construction equipment, aircraft, technology, production equipment; everything up to an including the ' kitchen sink '.

If your company is ' credit worthy ' and can meet some traditional financial criteria you can even finance intangibles, a good example might be software, service and maintenance contracts, etc. We mentioned technology financing and there probably isn’t a better of example of using a financing strategy to acquire your tech needs. The reasons -

Technology is expensive, it changes quickly, etc!

Although some business people tend to innately avoid aspects of their business involving taxation, accounting, etc the reality is that if you examine how leasing affects these key business concepts you will find even more benefits for financing assets in this manner. A good example - off balance sheet financing via operating leases. Although recent accounting rules changed off balance sheet recognition a lot there's still major benefits to utilizing this type of asset financing.

Dealing with leasing companies sometimes also brings out the ' BOGLE ‘in many of our clients (prior to talking to us!). That's because they wrestle with issues such as understanding which type of lease company best serves their needs. Issues to address include credit requirements, who finances what type of assets, can start ups be financed (yes they can), and, top of mind on every clients mind - ' what is my rate and monthly payment '!

Successful equipment leasing and financing happens in Canada when you have the right asset selected, you have a solid lease finance partner, and rates, terms and structures optimally meet your needs. Seek out and speak to a trusted,credible and experienced Canadian business financing advisor who can assist you with your asset finance requirements.




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 :

7 PARK AVENUE FINANCIAL = Canadian Equipment Leasing Expertise





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