Equipment Financing And Leasing In Canada : Considered This When You Finance Assets ?

Sticky Situation : End Of Term Issues In Equipment Leasing In Canada – Solved!

OVERVIEW – Information on equipment financing in Canada . When business owners/managers choose to finance assets the end of lease issues are as important in leasing as your original goal





Depending on the type of leases that Canadian business owners and financial managers have entered into is critical to have the information and skills to negotiate a successful end of lease strategy. The bottom line is very simple – you are at the end of your Canadian Equipment Lease financing – what now?

What happens to this equipment and what are my rights and obligations...











The entire process should be viewed as a proactive process with your equipment financing lender. Some Canadian business owners may also choose to use the services of an experienced, credible and successful lease financing intermediary to assist them with the process.


We have heard the expression ‘timing is everything ‘.

That’s equally important in our scenario, as it is critical to start to evolve into discussions with your lessor at least a couple of months ( 90 days is recommended ) regarding final disposition and acquisition of the asset . Some equipment leases in certain areas of business may be in the many hundreds of thousands or millions of dollars – given these transactions are much more d complex we would recommend an even longer time period for start of negotiations.


So what are the Canadian lessee’s rights and obligations? That’s a simple answer – they are in the written lease contract your firm entered into with the lessor. That wording should be reviewed by you with respect to issues such as –


Can the lessor come to your premises to inspect the equipment?

Does your firm have to provide maintenance records?

What was the return or purchase provisions as documented in the lease transaction you signed?

We would also add that many equipment leases require you, the business owner, to notify the lessor of your intentions under the lease, and in some cases the lessor may also be bound to notify yourself as to final termination issues and procedures. The rights and obligations you have under the lease are neatly compacted into the following points – You can buy, return, renew or extend the lease, or surrender the asset.

By now business owners realize that the lease they entered into three or five years ago must clearly be reviewed again. Companies that do a lot of lease equipment financing are strongly recommended to have follow up and termination policies in place that will allow the lease to be reviewed as it comes to expiration.

Lets talk a bit about the ‘value ‘of the equipment, - This is somewhat of a tricky area and business owners are cautioned to investigate this one thoroughly. We can frankly compare our scenario to selling our homes – we think us as homeowners know what the price is worth, the realtor tells us their opinion, and, guess what, the market will ultimately decide what the home is worth.

It’s not unlike your lease financing transaction, whether that financing was for computers, or plant machinery. Certain assets depreciate and lose value s very fast, some lose a portion of their value, and in a very small set of circumstances some assets hold their value and may in certain instances be worth more than you paid for. (Rare, but it happens!)

In summary, business owners are cautioned to ensure they understand the end of lease options rights and obligations. Follow up to the transaction should not be done at the last minute, and thorough investigation of asset value should be done with proper diligence. It’s only common sense. Seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you with your lease finance challenges.



Stan Prokop - 7 Park Avenue Financial :

http://www.7parkavenuefinancial.com

Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 90 Million $ of financing for Canadian corporations . Info /Contact :


7 Park Avenue Financial = Canadian Equipment Financing Expertise



Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?

CONTACT:

7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8

Direct Line = 416 319 5769

Office = 905 829 2653


Email = sprokop@7parkavenuefinancial.com


' Canadian Business Financing with the intelligent use of experience '

Stan Prokop

Accounts Receivable Financing In Canada : Examining The Physics Of Factoring Facilities

One Way To Escape The Working Capital Trap

OVERVIEW – Information on accounts receivable financing in Canada. Why factoring facilities might make the difference in your firms working capital and cash flow success



Recent Studies in the U.S. , ( and we believe the Canadian business landscape is very similar ) suggest that one of the most viable ways for businesses to grow and continue growing in the current economic and somewhat difficult credit environment is to consider a factoring working capital facility for their business . This type of financing facility is also known as an accounts receivable financing facility.

When business credit and access to business credit gets difficult Canadian business owners should of course investigate every ‘tactic ‘to get their company financing properly.

If your company is doing reasonable well, and the general economic and business and credit environment is quite positive naturally more traditional financing is considered – as a Canadian business owner you know the drill - prepare an executive summary or business plan, produce several years of financial statements, and meet with your Canadian chartered bank to discuss receivable or term financing . The reality of today’s economic environment is that many businesses aren’t in a position to pursue this traditional financing and therefore must consider what the alternatives are.

One of the appeals of factoring / accounts receivable financing is that your business is generating positive cash flow right out of the gate.

One of the other main benefits of such a facility is that business owners and financial managers can focus on running their business, and not spending all their time on cash flow problems and working capital challenges. We would point out that the time save on collections of course refers to the factor that the finance or factor firm is the one collecting your accounts receivable. Many business owners do not like this direct contact with the customer, and that is one of the reasons that the Canadian business environment has, relatively speaking, been ‘ slow ‘ to catch on to factoring .

This necessitates a brief discussion around the concept of notification and how factoring has traditionally been done in the U.S. and elsewhere in the world. Factoring started hundreds, some say thousands of years ago in Europe and Asian. Traditionally it involved the total ‘sale ‘of your receivables, your firm got the cash but you didn’t own or collect the receivable at that point. In recent years , due to the creativity of the North American financing markets there are numerous other product offerings related to factoring , one of which is ‘ non – notification ‘.

We believe non-notification factoring is the absolute best solution for Canadian business owners who are considering alternative financing. Under CONFIDENTIAL RECEIVABLE FINANCE facilities you bill and collect your own receivables, while at the same time receiving cash for them as soon as you generate your invoices. This provides a double whammy, so to speak!

1. You bill and collect your own receivables and get cash ASAP
2. You maintain the relationship with your customer, which is key to most Canadian business owners

As we have noted in the past factoring is more expensive than traditional financing, but that premium that is paid provides you with literally all the cash you need to grow your business. Savvy Canadian business owners are able to use that cash to improve supplier relationships, take prompt payment discounts, and purchase more inventories for sale to their customers. In certain cases, all, yes we repeat, ALL! Of the costs of a factoring facility can be offset by good gross margins and strong operating efficiencies.

Is it any wonder by factoring, accounts receivable financing and non traditional working capital facilities are becoming more popular in Canada? We don’t think so! Seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you with your cash flow needs .



Stan Prokop - 7 Park Avenue Financial :

http://www.7parkavenuefinancial.com

Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 90 Million $ of financing for Canadian corporations . Info & Contact details :

7 Park Avenue Financial = Canadian A/R Finance & Working Capital Solutions



Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?

CONTACT:

7 Park Avenue Financial

South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8

Direct Line = 416 319 5769
Office = 905 829 2653


Email = sprokop@7parkavenuefinancial.com


' Canadian Business Financing with the intelligent use of experience '

Stan Prokop

Sred Program Claims : Become Master Of Your Domain When It Comes To Tax Credit Financing

Financing Your R&D Claim In Canada – The Why – The How !

OVERVIEW – Information on financing SRED ( SR&ED) program claims in Canada. SR&ED tax credit financing makes more sense than you think!






Financing Sred Program claims in Canada is big business. Why should the business owner/ financial manager consider tax credit financing under Canada's SR&ED program? Let's dig in.

Several billion dollars of Canadian govt funds are given each year to the several thousand firms in Canada that participate in innovation and technology via their funded research.

Numerous misconceptions exist around the program - issues such as ' who is eligible ' ... 'are start ups eligible ' ... 'does a company have to be profitable to claim SRED ', etc. By the way, even if your firm is unincorporated you could still apply for SRED funding! ; Although the majority of claims submitted and that are financed tend to be for legal Canadian entities.

The reality is that even companies that are in the pre-revenue, or in the early stages of gaining sales traction can still apply, and no, you don't have to be profitable yet. And the amount to be claimed? It varies by province because it’s a combo of federal and provincial monies, but as a broad rule typical SR&ED claims amount to approx. 40% of your total spend in R & D innovation and process improvements.

The key to achieving SRED approval is of course a ' quality ' claim.

Many first time claimants we talk to sometimes struggle with preparation of their claim. Here's where the word ' expert' truly has meaning , as SR&ED claims are, more often than not, prepared by external consultants ( 'SR&ED Consultants/Engineers ' ) who have experience and expertise ( hopefully!?) in your industry.

In the last couple years a ' crackdown' of sorts has occurred around these consultants, with questions being raised about the fees they charge, which are often on a contingency basis ., and the aggressiveness of claims that are filed . Since we're addressing SRED tax credit financing you can assume that who prepares your claim and the quality of that claim is one of several important factors that play a role in financing.

Companies claiming SR&ED credits typically, and correctly so, view their filed claim as a ‘Receivable’. Naturally it's a government receivable, the one issue being of course that until your claim is audited and approved it's not 100% clear that it will is 100% approved! So many firms book that receivable, some book a more conservative amount, and then the ' waiting game' begins!

The financing of your SR & ED claim alleviates of course the ' waiting' for the financial and technical audits that come from the program. We'll never fully understand why, but banks are more than reluctant to finance these claims, and when they do so, as we have pointed out in the past, it’s in the context of their entire relationship with your firm, including external collateral they hold.

Enter SR and Ed financing. The finance process around your claim is very straight forward, a simple business application and accompanying data is all you need to get started. Innovation exists even in financing! , so claimants will be surprised to know that recent trends in SR&ED bridge loan financing allow firms to receive financing prior to their claim being filed, which was not always the case.

So yes, you can wait 3, 4, 6, even 12 months sometimes to receive your SR and ED claim funding chq, but if your firm requires or can use the additional working capital and cash flow now seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
with tax credit financing for SRED Program claims expertise.




Stan Prokop - 7 Park Avenue Financial :

http://www.7parkavenuefinancial.com

Business financing for Canadian companies , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded in 2004 - Completed in excess of 90 Million $$ of financing for Canadian corporations .

Info re: Canadian business financing & contact details :

7 Park Avenue Financial = Canadian SR&ED Tax Credit Finance Expertise



Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?

CONTACT:

7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8

Direct Line = 416 319 5769

Office = 905 829 2653


Email = sprokop@7parkavenuefinancial.com


' Canadian Business Financing with the intelligent use of experience '

Stan Prokop

CRA SRED And Film Tax Credits : Is It Art Or Science Behind Financing Your Claims

Financing Canadian Tax Credits Shouldn’t Be ‘ Adventure Time’ ! SR&ED And Film Financing

OVERVIEW – Information on financing CRA SR&ED Credits and Film Tax Credits often makes maximum sense with minimal downside . Here is why, and how!




CRA Sred (SR&ED) and Film Tax Credits are quite a good example of the concept of success when it comes down to the question of ' art or science'. And that pertains to tax credit financing also; we maintain it shouldn’t be ' Adventure time' when it comes to the finance of your SRED or film, television and animation credits. Let's dig in.

It shouldn't be a secret (but unfortunately it is for many!) that Canada has some great (aka ' generous') business tax credits. In the case of our two examples:

SR&ED (sometimes called 'SRED ')

MEDIA

businesses in industry and entertainment can compete effectively with other businesses all over the world.


CRA Sred claims, in many cases involve some element of information technology. And when it comes to the media industry - film, TV, and animation ' IT' technology has rapidly changed the entertainment industry. That bodes well for Canada of course as it ranks high in the world for trained people, country stability, and a strong banking and straightforward ( mostly !) tax and tax credit system. In summary, top experts tell us that Canada has one of the best overall environments for research and entrepreneurship in the world.

The Canadian dollar is certainly one factor in the cost, and the financing of tax credit claims in research or film. In recent times the 'Canuck buck’ reached parity and has somewhat backed off. We'll leave the currency predictions to the experts - we'll focus on the actual financing of your credits.

SR&ED:

Sred credits are a combo of federal and provincial incentives. On a broad basis the thousands of companies that participate in the program receive a refundable credit (which can be financed for cash flow purposes) in the general area of 30% of their entire spend.

While the program was static for awhile some major changes CRA Sred (SR&ED) and Film Tax Credits happened over the last year or so. In some ways these to a certain degree affect the financing of your claim, but not in a dramatic or negative fashion. One of those changes is the elimination of machinery and equipment acquired in your R&D; so when it comes to financing your claim the overall financeable amount might in fact be lower given you can't claim assets acquired for research.

One other ' change ' in the overall philosophy of the program was to focus on who was preparing your SR&ED claims and what they were charging. That probably struck fear and terror into the hearts of the SR&ED preparer industry - known as ' SR&ED Consultants '. As in all aspects of business the dust eventually settles and good credible honest consultants that charge a fair price will always survive.

FILM / TV/ ANIMATION CRA CREDITS:

Producers of content in the media industry are eligible for tax credits also, and yes, they can be financed also! These credits are typically prepared by a qualified or experienced tax credit accountant - we suppose they are the medias equivalent of the SRED Consultant.

Producers/owners of Canadian content simply put together a request around which they are Vis a Vis ownership, their budgets, productions costs, funds spent, etc - In effects it’s a business application.

Tax incentives in the media industry can range from anywhere up to 40-50% depending on what is spent and in what categories. Credits are a combo, again, of federal and provincial incentives. Provinces compete somewhat ferociously for your film, TV, animation or Transmedia projects as they view the employment and capital spending in this area a valuable commodity.

Our focus is financing these claims, and some may wonder why we talk about two very diverse credits - i.e. SRED and MEDIA. Our response - simply that in some cases even Media projects, can file for SR&ED claims.

And with respect to the actual financing of claims financing is very similar. Bridge loans on your SRED and Film credits are structured as loans with no payment, and are reconciled at the end when the government sends you funds. Loans are typically in the 70% ' loan to value' area, and you receive the balance of funds, less financing costs when the government remits on your claim.

If you're interested in financing, or getting some help with preparation of your claim seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can eliminate a lot of the ' ADVENTURE’ when it comes to CRA SRED and FILM TAX CREDITS.




Stan Prokop - 7 Park Avenue Financial :

http://www.7parkavenuefinancial.com

Business financing for Canadian companies , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded in 2004 - Completed in excess of 90 Million $$ of financing for Canadian corporations . Info re: Canadian business financing & contact details :

7 Park Avenue Financial = SR&ED and Film Tax Credit Finance Expertise



Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?

CONTACT:

7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8

Direct Line = 416 319 5769

Office = 905 829 2653

Email = sprokop@7parkavenuefinancial.com


' Canadian Business Financing with the intelligent use of experience '

Stan Prokop

A Working Capital Management Sale : Here’s Your Best Deals On Cash Flow Financing

2013 – What Went Wrong With Your Working Capital And Cash Flow Challenges


OVERVIEW – Information on business funding and capital financing in Canada. What solutions are available for effective cash flow management and business success

Working Capital Financing – that’s a challenge that faces every Canadian business owner and financial manager. It’s that time of the year for ‘Sales ‘!

To be successful in today’s Canadian business environment (an environment that includes strong competition and difficulties in accessing financing) Canadian business has to ensure that have all their financing options up for review. Let’s dig in.


Lets take a look at some of these options, which include revolving lines of credit that are alternative in nature – these non – bank operating lines margin your firms receivables, inventory, and tax credits , equipment and real estate, in a manner that provide you with maximum financing for your business growth needs .


How does the business owner assess the need for working capital? That comes from carefully reviewing your firm’s financial statements and determine what is working and what isn’t.

Look at items such as:

Current debt to equity - calculate by taking current liabilities and dividing by your tangible equity – ratios over 80% signal danger

Debt to equity - take your total liabilities and divide by tangible equity - when the ratio exceed 100 your lenders are financing your firm more than you are

A great ratio in the context of our working capital discussion is:

Turnover of working Capital - Calculated by net sales /working capital. This calculation will give you a strong sense of how efficiently you are using working capital. When sales go up inventories and receivables tend to increase also – as a business owner you need to be buying wisely, and collecting your receivable even more wisely. It’s a great way to look at how you are buying and how you are selling. You don’t want to be put in a position where yourself, or your lenders feel that you don’t have the working capital to run your business and grow the business.

The above 3 examples are what we could call ‘ text book ‘ answers to major working capital and balance sheet issues – quite frankly business owners we meet with intuitively know what those working capital challenges are . What the really need is solutions, not technical finance explanations!

So let’s look at working capital solutions in the Canadian environment. For discussion purposes we will avoid traditional chartered bank financing, which is more difficult to achieve for the majority of small and medium enterprises. Coming off the difficult 2008 and 2008 liquidity crisis worldwide – including Canada balance sheets for many firms are challenged, and income statements are only coming back to life from a growth and profit viewpoint.

So what are some of those solutions you should be investigating? The Canadian business financing landscape is drastically changing – for additional working capital firms should be working with a trusted and experienced advisor in Canadian business financing and examine such alternate solutions as:

- Asset based lines of credit outside of chartered banking – these will margin all your current assets, (including inventory) and allow you to meet your working capital challenges head on.

- Another individual ‘ flavor ‘ of an asset based line of credit is factoring or invoice discounting – This provides business owners with immediate cash for receivables, and if managed properly can be cost effective, contrary to popular belief . Note – our best solution in this area is non notification factoring which allows you to bill and collect your own receivables

- Financing your SR & ED tax credits – why wait for 6-12 months or more for your government grant refund – monetize that tax credit now!

Two other more specialized (shall we say esoteric) methods of working capital financing are purchase order financing and inventory financing.

In summary working capital financing – Canada – continues to be challenging. And contrary to our theme of a year end ‘ sale ‘ it’s a full time year round job for business owners and financial managers .


Explore your options, alternative in nature potentially, and understand the optimal rates, terms, and structures that will allow you to grow business. Seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you with your capital and cash flow needs.




Stan Prokop - 7 Park Avenue Financial :

http://www.7parkavenuefinancial.com

Business financing for Canadian companies , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded in 2004 - Completed in excess of 90 Million $$ of financing for Canadian corporations . Info re: Canadian business financing & contact details :


Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?

CONTACT:

7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Direct Line = 416 319 5769
Office = 905 829 2653

Fax = 905 829 2653

Email = sprokop@7parkavenuefinancial.com


' Canadian Business Financing with the intelligent use of experience '

Stan Prokop

Why The Sale Leaseback Lease Strategy Is Overlooked And Underappreciated When It Comes To Equipment Financing Loans

Could The Sale Leaseback Be Your Company’s Light bulb Moment?

OVERVIEW – Information on why equipment financing loans or a lease via a sale leaseback strategy is one of the most overlooked business refinancing strategies





A Sale Leaseback , when it comes to equipment financing loans can sometimes be a ' light bulb moment ' when it comes to the answer to a working capital and cash flow solution without taking on additional external debt.

Why is this Canadian business financing strategy sometimes overlooked, and often under utilized? And, even better, how does it work? Let's dig in.

The sale lease back has been around a long time. It typically is used for either refinancing of fixed assets, and in some cases real estate .In both of those cases the same principles apply. And more often than not it’s a way to improve profits and utilized assets that otherwise are only sitting on the balance sheet.

The key to a sale leaseback transaction is to understand some of the basic accounting rules around the transaction. As importantly it's also key to ensure you pick the right ' amortization' or ' term’ for the lease or bridge loan that will finalize your transaction...

A quick example of things going wrong?

Let's say your company wishes to do a lease back on your technology assets. It's a solid strategy employed by many. However, tech assets depreciate and become obsolescent faster than many other assets, so refinancing them and picking an amortization of, for example, 5 years doesnt make a lot of sense.

Simply because you will still be making payments on assets that probably need to be upgraded and changed while your firm is still locking into a sale leaseback refinancing payment. So understanding what we call the ' useful life' of the asset is key to a business owner/financial manager’s success in this type of refinancing.

Generally the lease or loan you enter into in this type of transaction should have some common sense attached to it. You need to understand the value of the asset, the costs involved in the refinancing, and some of the accounting and tax issues involved in such a deal.

The key benefit of equipment financing loans or a lease that solidifies your refinancing is the cash it will bring to your balance sheet. You also need to convey to the lessor / lender what the proceeds of the refinancing will be used for, as you do not want it to be viewed as a ' cash grab' for all the wrong reasons.

Have we covered off how the sale leaseback works? In its essence it couldn’t be simpler. Assets you already own that are not encumbered, i.e. they are lien free, are sold back to your lessor/ finance firm. The title transfers to the lender and passes back to your company once payments are completed under your lease back.

In almost all cases some sort of ' appraisal’ value needs to be tied to the deal - both you and the lender benefit from knowing the transaction makes sense re the asset values. And almost all assets can be refinancing via bridge loans, leasebacks. Rates will always be commensurate with overall company credit and asset quality.

If you want to investigate the ' light bulb moment' around the benefits of equipment refinancing loans seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you in ensuring you have not overlooked this great refinancing strategy to enhance cash flow.




Stan Prokop - 7 Park Avenue Financial :

http://www.7parkavenuefinancial.com

Business financing for Canadian companies , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded in 2004 - Completed in excess of 90 Million $$ of financing for Canadian corporations . Info re: Canadian business financing & contact details :

7 Park Avenue Financial = Canadian Sale Leaseback Expertise


Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?

CONTACT:

7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8


Direct Line = 416 319 5769

Office = 905 829 2653


Email = sprokop@7parkavenuefinancial.com


' Canadian Business Financing with the intelligent use of experience '

Stan Prokop

Business Leasing In Canada : The Secret Of Information Technology Finance is : TIMING

Information Technology Finance Was Made For Your Company !

OVERVIEW – Business leasing is a major provider of information technology finance solutions . Here’s why .. and how



Information technology finance is often all about ' timing'.

One of the ways the owner/financial manager can address the challenges that come with financing technologies is the proper use of business leasing. Let's dig in.

So why the theme of ' timing' ?It's because when we meet with clients to discuss their financing needs in the areas of computers, software , telecom, office, etc issues such as :

Budgets

Total Cost

Year Ends

Technological Change

Amortizations

are always top of mind

and need to be properly addressed.








In some cases the Canadian business owners/managers have in fact ' cut back’ on their ' IT ' (information technology) spending. That of course works for awhile, but ultimately your competitors tend to have a field day with their ability to leap forward in your industry.

More often than not your technology needs to be what the tech vendor’s call ' refreshed'. In some cases the startling change in tech almost forces the business owner to address newer hardware and software offerings that allow you to significantly ' fast forward' your overall business model.

Just yesterday we spoke to a CEO of a well known Canadian mfg firm who has now been able to offer their clients the ability to change core mfg. processes without scrapping their client’s legacy investments. Naturally the clients now have to address that acquisition in terms of cost, financing, budgets, cash flow, etc. Effective business leasing of tech assets can complement positively all those challenges.

In business it’s all about ' ROI ‘, the infamous ' return on investment'. Top experts in technology tell us that returns on your tech investments can bring anywhere from 30-80% ROI

Financing information technology also has the ability to reduce cost - those same ' experts ' have proven to us time and time again that a large portion of your finances in technology simply go to keeping things running. The one ' sure thing’ in tech advances is that things typically are cheaper, faster, and allow your firm to be more productive and competitive.

When it comes to business leasing in tech it's important for the business owner/ financial manager to understand that all hardware, software and related costs and services have the ability to be financed - typically via an equipment lease.

Financing options vary, so if your firm wants to address the specialized offerings in technology finance around lease documents, residual values, budgeting, software finance solutions, etc seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you with your information technology finance needs.





Stan Prokop - 7 Park Avenue Financial :

http://www.7parkavenuefinancial.com

Business financing for Canadian companies , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded in 2004 - Completed in excess of 90 Million $$ of financing for Canadian corporations . Info re: Canadian business financing & contact details :

7 Park Avenue Financial = Technology Financing And Business Equipment Leasing Expertise


Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?

CONTACT:

7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8

Direct Line = 416 319 5769

Office = 905 829 2653


Email = sprokop@7parkavenuefinancial.com


' Canadian Business Financing with the intelligent use of experience '

Stan Prokop