Our blog highlights Canadian Business Financing solutions via receivable finance , equipment finance, working capital financing, asset based lending, business acquisition financing,franchise finance, and tax credit monetization via SRED and Film Tax Credits. Our goal is to educate and assist Canadian businesses with their financing needs. You Are Looking For Canadian Business Financing! Welcome to 7 Park Avenue Financial Call Now ! - Direct Line - 416 319 5769
Friday, July 3, 2015
Commercial Equipment Financing Needs? Get Out Of The Slump Via Leasing Capital Assets
Practically Speaking Equipment Leasing is Practical When It Comes To Acquiring Assets You Need !
OVERVIEW – Information on commercial equipment financing in Canada . Leasing your capital assets is the tried and true way to match cost with benefits when it comes to asset acquisition. Here’s why
Commercial equipment financing often has business owners/ financial mgrs feeling like they are in a ' slump' when it comes to their options. Leasing capital assets is a ' practical' way to get out of that slump - and it's a solution top experts tell us that is preferred by over 80% of all companies wishing to acquire assets in all categories - from technology to the shop floor. Let's dig in.
Could anything be simpler? Your firm needs and wants to use an asset and commercial finance companies and yes, even banks have the solution to that need. One of the often missed benefits of leasing assets is the simple concept of matching benefits you will receive over time in using the asset to the cash outflows that arise when you enter into a lease. For that reason it's important to focus on the proper lease term - as assets you finance can be leased from anywhere from 2-7 years.
Remember also that the bank/finance firm really only has one function in the equipment lease - providing the funding. So the price and warranties and other misc issues that come with acquiring assets from a vendor are your responsibility.
The simple fact that assets cost a lot of money and are constantly changing with technology - the simple fact is that without lease finance solutions many firms could not acquire the assets they need to run their business, grow, and remain competitive. Cash outflows are spread over the term of the lease. The good news though is that even costs such as maintenance and warranty can typically be included in the finance solution of your lease.
We're the first to admit that no form of financing is perfect - leasing comes pretty close to perfect but if owners/mgrs work with the wrong type of lease firm , or enter into the wrong type of lease , including missing out on key terms in the lease agreement .. well.. suffice to say problems will arise! The bottom line? It's not always about the interest rate.
So who are the players in lease finance ?They include independent commercial finance companies, captive arms of large mfr's, as well as arms of most of the banks. Knowing which assets these firms can finance and under what terms and credit approval criteria is key to winning in the leasing game.
If you're looking to get out of the ' slump ' in acquiring the assets your firm needs 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 commercial equipment financing needs.
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 100 Million $ of financing for Canadian corporations . Info /Contact :
7 PARK AVENUE FINANCIAL = CANADIAN COMMERCIAL EQUIPMENT FINANCING AND LEASING EXPERTISE
7 Park Avenue FinancialSouth 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 '
ABOUT THE AUTHOR
Stan has had a successful career with some of the world’s largest and most successful corporations.
Prior to founding 7 Park Avenue Financial in 2004 his employers over the last 25 years were, ASHLAND OIL, ( 1977-1980) DIGITAL EQUIPMENT CORPORATION, ( 1980-1990) ) CABLE & WIRELESS PLC,( 1991 -1993) ) AND HEWLETT PACKARD ( 1994-2004 ) He is an expert in Canadian Business Financing.
Stan has over 40 years of business and finance executive experience. He has been recognized as a credit/financial executive for three of the largest technology companies in the world; Hewlett-Packard, Digital Equipment and Cable & Wireless. Stan has had in depth, hands on experience in assessing and evaluating thousands of companies that are seeking financing and expansion. He has been instrumental in helping many companies progress through every phase of financing, mergers & acquisitions, sales and marketing and human resources. Stan has worked with startups and public corporations and has many times established the financial wherewithal of organizations before approving millions of dollars of financing facilities and instruments on behalf of his employers.
Stan Prokop
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