Equipment Financing For Business Leasing Needs Is Your Most Powerful Asset Finance Tool

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Looking for an ace in the hole for all your business asset needs ? We’ve got one - And your competition is using it !

OVERVIEW – Information on business leasing and equipment financing in Canada. Here's why Canadian business owners and financial mgrs embrace this popular asset finance solution for acquisition of equipment, rolling stock, technology, software, and all other fixed asset needs

Equipment financing for you company’s asset needs is probably the biggest ' ace in the hole that business owners and financial mgrs have in their ' grow the company ' toolkit. Do you understand the power of business leasing? Let's dig in!

Your business is growing, and the good news is that equipment lease financing in Canada is growing even more. So it makes sense that you have a basic understanding of equipment financing and who to turn to when you want to utilize this great asset acquisition technique?

Top experts tell us that almost 80% of all companies in Canada utilize lease financing when acquiring assets, from computers to plant equipment to specialized equipment. The reality is that almost any business asset, even software to run your company, can be financed.

So what's the reason and advantage in choosing a lease solution? When you utilize this finance strategy you are sharing the risks of asset ownership with the lessor and depending on which type of lease you actually choose - there are two types - you can actually use the equipment for the agreed upon term and return the asset .


That latter type of financing, known as an operating lease, also lowers your overall financing expense. The other key advantage of course is simply lowering your cash outlays - allowing you to use your borrowing facilities for other purposes. Bottom line it's important to understand what type of lease makes sense for your firm.


When we meet with clients exploring the leasing option a large part of the discussion is on rate and credit - That's understandable because that is what drives leasing approvals! You need to be able to understand, in advance, the financial requirements of a lease approval, and ensure you have positioned your company in the best manner possible.

In Canada you can obtain lease financing via a couple of the chartered banks, independent finance firms, and captive lessors tied to manufacturers. Knowing which type of firm to access can save you money... and time.


We recommend to the majority of clients in pursuing and independent finance company lease partner - credit conditions are more lenient, they are specialized, and highly motivated to do the one thing they do best, approve and write leases!


Your most valuable partner in this industry is a trusted, credible , and experienced lease financing business advisor who can guide you very efficiently through the maze of firms in the industry . That relationship can be a very valuable one.

Business owners should never forget that when they adopt a long term leasing philosophy they are making their firm more competitive, because assets acquired to run the business can be easily upgraded and replaced, allowing that equipment to generate optimum revenues and cash flow .
Whether business owners/mgrs want to admit it or not the days of ' pride of ownership ' in assets is probably long gone. These days it's about outsourcing, lower cost, newest model, etc. Probably the best example of this is computing and software, all of which can and should be leased given the constant changes and cost.


Seek out and speak to a trusted, credible and experience business leasing advisor who can assist you in maximizing your knowledge of the Canadian asset finance industry, allowing you to use this valuable tool to grow sales and profits.

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 13 years - Completed in excess of 100 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 & Contact Details :

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 '



http://www.7parkavenuefinancial.com


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