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Looking For The Home Team Advantage In Equipment Loans & Lease Finance? We’ve Got One!
OVERVIEW – Information on lease financing in Canada and why it makes sense to have the right equipment financing company in order to maximize equipment finance benefits for your firm . Key advantages of lease finance.
Lease financing needs in Canada, more than ever today, mean you don't have to settle for ' average '. A multitude of solutions for new, used, and even sale leaseback equipment loan strategies are available. Let's dig in.
Wouldn't it be great to have what the sports guys call ' home team advantage'? Advantages in business are great, especially when your competitor is on the other side of that advantage!
That's why we feel the right equipment financing company in effect becomes your home team advantage, as it becomes a partner and solution provider for your lease financing needs.
You probably have already decided why you are going to lease, rather than buy and purchase outright. We start telling clients about things like the tax advantages of equipment financing in Canada, depreciation strategies that follow tax benefits, their ability to manage obsolescence, adding in install and warranty and maintenance into the lease, etc!
But. Know what? All those benefits are great, but firms such as yours more often than not are mostly concerned about cash flow and the concern of drawing down on bank credit lines, etc for equipment that ultimately depreciates or has to be replaced.
So yes, you do need to know all those advantages, and focus on the ones that make the most sense for your company, so you can maximize them -.
The bottom line? Lease financing is mostly regarded as a cash flow tool. The textbooks call it the most efficient use of your resources when you have limited capital - we simply call it a great way to conserve cash flow. That's probably why 80% of North American businesses at some time or another lease.
One of the advantages of lease financing is simply clearly that it covers you from low tech to hi tech. Meaning? Simply that all assets can be properly financed if you partner with the right equipment financing company. That goes from computers and technology that seems to depreciate one second after you purchase it, to your shop floor and office equipment that might give you useful economic benefits for years.
Also, make sure you understand the concept of leasing to own, & leasing to use. That's important! Many clients aren't aware they can structure what’s known as an operating lease whereby they use the asset, minimize their cash flow outflows, and have maximum flexibility at the end of the lease financing transaction.
What is that flexibility? They can utilize one of three options at the end of the term - they can buy the unit, return it, or upgrade/extend the transaction. Tell us that's not flexibility!
So how in fact do you find the right equipment financing company partner? Clients are surprised to hear that there are hundreds of lease finance firms in Canada - some are huge, some are small, some are geographic, some don't want your type of business, some are dying to find you and get your business and provide you with great rates, terms, and structures.
Got all the time in the world these days? If not simply speak to a Canadian business financing advisor who is trusted, credible and experienced in lease financing.
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 .
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 '
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