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Talk About A Mouthful Of Benefits In Canadian Business Financing
OVERVIEW – Information on business equipment and business leasing in Canada . How the right choice of a leasing company can provide you with a great number of financial benefits and flexibility
Business equipment financing for the new (or used) assets you need for your company is all about ' common sense' business finance - That means fast approvals and flexibility that makes perfect sense for your firm. Let's dig in.
If we were to ask you to name ten quick benefits of any type of business financing in Canada we quite frankly cant imaging you would name any other type of finance other then leasing . Just think about it.
Ten, yes ten solid reasons to consider a leasing company for your right choice of asset finance.
Let’s recap them -:
1. Technological obsolescence protection,
2. Accounting benefits,
3. Cash flow management,
4. Potential tax savings,
5. Right to own or not own the asset at the end of the lease,
6. Convenience,
7. Ability to match the asset financing to its useful economic life,
8. Pre approval or have a ' lease line of credit ' possibility
9. Quick credit approval (boy do we like that one!)
And finally? A smaller cash outflow!
Whew! That was a mouthful of reasons. Let's circle back on one of those benefits - Approval!
Canadian business financing is more challenging than ever for customers in the SME (Small to Medium Enterprise) sector - That's probably your firm!
The equipment financing industry is on a pretty good roll.
We keep coming back to flexibility when clients ask us about what the best choice options are in business leasing. Always remember that when you choose to finance an asset you can enter into a lease to own scenario, aka a 'capital lease ' , or, continuing on our theme of flexibility, you can opt for an operating lease - which simply states your desire to use an asset, not own it .
Equipment that depreciates quickly, needs to be replaced due to technology, etc, is the perfect choice for an operating lease option.
Asset financing from your business comes out of very different needs - it might be a photocopier for the office, (or computers), equipment for your shop floor, and, even a commercial jet for your corporate meetings! (Well, we can dream, can’t we?!).
Our point? Simply that any type of asset can be leased, and often bundled in with other ancillary services such as installation, maintenance, warranty, etc. Again, there's our flexibility again.
Do you have a personal business relationship with the hundreds of lease companies in Canada? If you do we're jealous, and you obviously have a lot of time on your hands. If you don't, speak to a trusted, credible and experienced Canadian business financing advisor who can ensure those many benefits of business leasing can be achieved quickly and properly.
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 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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