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.
Wednesday, February 25, 2015
Equipment Finance In Canada : Remain In Control
A 2-FER! You May Have Had This Wrong On Equipment Finance Until Now : Plus More Benefits You Can Capitalize On
OVERVIEW – Information on equipment finance in Canada . Maximize your use of leasing assets with this information , including misinformation clarified
Equipment financing in Canada , similar to other industries, clearly has its own ' lingo ‘. Knowing some of those terms maximizes your ability to increases benefits of equipt leasing through selection and negotiation of leases that make sense for your firm. It's your version of a finance gravy train!
Most people agree the economy is firing on all, (if not most!) cylinders. Lower rates and the needs to acquire or upgrade assets almost always make leasing the # 1 choice in asset financing . That investment can be a huge cash flow drain on your financials and asset financing address that cash outflow. Top experts tell us that 7 out of 10 businesses will have some type of lease financing need in the coming year.
The ability of owners to expand their businesses is key to remaining competitive - Certain asset categories are always in demand relative to financing needs - they include office technologies, plant machinery, telecom equipment and transportation ' rolling stock ‘. The good news is that really almost any asset your business needs is financeable.
One of the ways that many firms in Canada utilize leasing is simply as an alternative source of capital - It's all about not putting all your ' credit eggs' in one basket. While many Canadian banks do offer asset leasing it should be clear to owners/managers that any borrowing facility within a bank will be part of your total credit line with the bank. In fact the majority of borrowers prefer to use our chartered banks for their operating facilities and other misc services.
Where can the busines owner ' trip up ' on when it comes to improperly assessing or understanding your finance options. By the way, we're the first to acknowledge that loans, bridge loans, sale leasebacks, and other forms of venture debt can also be used to acquire assets.
Focusing in on the type of lease you need will save your firm a lot of time and potential financial loss. The bottom line is that you have two choices - a lease to own, or a lease to use option. In industry terms they are known as ‘capital ‘and ' operating’ leases respectively. Understanding issues such as advance payments, how lease companies make money (cash flow timing, interest rate, residual value of asset) and accounting issues around acquiring assets are all important.
If you want to make sure you’re both exploring and maximizing asset finance needs properly 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 equipment leasing needs.
Stan Prokop - 7 Park Avenue Financial :
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 BUSINESS EQUIPMENT FINANCE EXPERTISE
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7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Direct Line = 416 319 5769
Office = 905 829 2653
Email = email@example.com
' Canadian Business Financing With The Intelligent Use Of Experience '