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Looking For The Best Commercial Equipment Lease Solutions for Canadian Business?
Information on commercial equipment lease finance options for business owners/financial mgrs
Asset acquisition of new equipment is one of the most logical ways of staying ahead of the competition and technology curve – whether your firm is in the high tech industry or at the opposite end of the spectrum as one of our clients are, manufacturing nails for the lumber industry and selling into big box stores .
Not only are those asset acquisitions expensive, they run the risk of utilizing too much of your valuable working capital and cash flow. You want the benefits of use of the asset, but not the inherent ownership risks – that’s why leasing has always been the most valuable method of acquiring assets for your business.
The benefits of lease financing are often touted – they seem quite logical – you have minimal cash outlay, you are working within defined operating budgets, and if you are savvy about constructing your lease properly you can avoid the issue of asset obsolescence, which is the greatest fear of many business owners – they don’t want to outlay significant cash and working capital for assets that will be obsolete and not relevant to their business model.
Many clients tell us that both their accountants and lawyers recommend lease financing solutions for all those reasons, they also point out the equipment financing can , with a properly prepared business case and application, be prepared in days .
As we pointed out previously the benefits of lease financing and commercial equipment acquisitions (whether it be computers or plant equipment) are significant. The everyday business challenge is simply – “”How do I effect this type of solution? Who can I talk to for advice in rates, terms and structures?””
We recommend that all clients speak to a trusted, credible and experienced commercial equipment financing specialist who can guide them thru the minefield of Canadian lease financing. By properly preparing your financial statements and business application, and being very focused on the type of lease you want (there are two types – capital and operating) you can achieve the benefits you want in a very short period of time. We have not really discussed that quite often equipment financing is the only alternative to bank term loan financing, and understanding the benefits and requirements of each of those proposed solutions requires solid advice and guidance .
Focus on cash flow, benefits of the asset acquisition, and the structure and payment terms that will allow your firm to increase revenue and profits. That’s the definition of solid commercial equipment lease solution financing in Canada.
7 Park Avenue Financial :
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Office = 905 829 2653
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 .
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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