How To Effectively Use Canadian Lease Equipment Financing

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There's Reasons Why Equipment Leasing Works ? Here They Are !

Information on canadian equipment leasing and financing solutions in Canada. The ability to acquire equipment, technology and other assets is key to long term business success in todays competitive environment

Canadian equipment Financing has never been more critical to get in the current business environment. When speaking to Canadian business owners and financial managers they tell us that they want the ability to achieve asset acquisition for plant equipment, computers, and other fixed assets in an easy and reliable fashion. They also tell us they don’t want this type of financing to interfere with other financing they either have in place or are contemplating.


Canadian lease financing can deliver on all those customer needs. Naturally transactions come in all sizes, from 5k to Fifty Million dollars. If your transaction is smaller, generally fewer than 50k Canadian business owners are often pleased to find the simplicity of the financing. Why is that? It is simply because those computers we referenced above in our article also worked their way into the lease financing industry! Technology has made it very easy to process and application, verifies customer information, issue simplified documentation, and ensure all other miscellaneous processes are completed in a timely fashion. Canadian vendors are happy to see that when their customer finances a transaction they are paid promptly, thereby increasing their own revenues, cash flow, etc.

It clearly is a win win strategy for all parties, you as the customer, the lease firm, and your vendor or manufacturer.


Management time is everything in business today, and clients are pleased to hear that all those miscellaneous things they didn’t wan to worry about, (but are important nonetheless) are often taken care of in the lease transaction. That includes payment of the taxes, which is now spread out on a monthly basis, as well as often the installation, maintenance contract, etc.


On most occasions a first, or first and last deposit are required on your lease, but lets be honest and realize that is a very nominal cash outlay as opposed to laying out tens or hundreds of thousands of dollars for equipment purchases .


We spoke of your cash outlay –naturally this emphasizes another key feature of Canadian lease equipment financing, which is simply that your payments are very easily matched against your benefits of the asset acquisition – If your firm needs new IT ( information technology ) such as computers, telecom, etc , you clearly have now realized that the leading edge of technology and computer power seems to change every day .Therefore matching your equipment lease term and payments to your expected useful life of new personal computers or servers is a great financing strategy .


Do you have alternatives to acquire the equipment – of course you do. Leasing is never viewed as the panacea of Holy Grail of equipment and asset acquisition. But if you benchmark and compare the benefits of leasing against paying cash, or negotiating larger of new banking and term loan facilities some of the key benefits of leasing will become very attractive to the Canadian business owner very quickly.


So if your company requires lease and asset financing look beyond the way in which you may have acquired assets in the past and consider lease financing as a great alternative and complimentary strategy to your business and profit growth.

Speak to a trusted, experienced and credible advisor or firm who will ensure you understand your various lease financing options.




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

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 .

' 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