Your Road Map To Success With Leasing Companies - Equipment Finance Rates And Lease Finance Solutions

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 How To Get Best Leasing Rates From Equipment Financing Companies

 

When it comes to using leasing companies for equipment finance in Canada is there a road map that Canadian business owners and financial managers can use to ensure they are getting the best solutions, rates and structures for acquiring business assets.  We think there is a basic road map that can be followed to ensure asset financing success.

 

6 Paths To Great Lease Rates & Equipment Financing Solutions

So what would the elements of that road map be? We think it comes to the following categories :

1.Solid  structures, interest rates and terms- typical lease terms are  36-60 months but for some assets 72 months might be available

2.Understanding the benefits, and yes the risks of lease finance

3.Ensuring you have chosen the right lease with a monthly payment and term that supports your financial needs

4. Understanding the accounting and tax implications of your transaction- documentation is key and the lease payment may include miscellaneous items not planned for, ie service agreements, etc.


5..Troubleshooting to ensure you're dealing with the right lease company

6.Utilizing Proper third part assistance when needed for purchase of the equipment and vendor negotations

When you have those points covered off we're pretty sure you are very close to having a solid road map in front of you for the equipment lease  journey.

There really isn't another more popular method of financing your business asset acquisitions in Canada and the U.S.  In fact billions of dollars of assets are financed every year, and the ability of your business to acquire assets with financing that comes with other benefits make this business tool extremely popular.
 

CAPITAL LEASES / OPERATING LEASES - WHICH ONE IS RIGHT FOR YOUR BUSINESS

The actual asset that your firm acquires has both a useful life and some economic and hopefully operational value to your business.  In many cases these assets will have a residual value. That's where it’s important for you to ensure you're still following some of our road map issues - namely understanding who to deal with and what type of lease you choose. Those two choices boil down to lease to own (capital lease) and lease to use (operating lease), and how you address the end of the lease options you have.

How you shape and negotiate your payments around that asset is what makes you a winning in dealing with leasing companies. Equipment finance rates themselves are important, but at the essence of this financing, tool is the fact that you have access to a lot of structuring tools that come with both risks and opportunities for you and your chosen lease company.

When it comes to types of equipment that you can finance almost any asset can be leased, and that includes technology your firm might need, medical equipment, personal protective equipment, or even application software. Yes, software leasing and financing is available. New equipment, as well as used equipment, can be financed -  Note though that used equipment should be part of a commercial business to business transaction.

 

LEASE FINANCING IS ALL ABOUT MONTHLY PAYMENTS TAILORED TO YOUR NEEDS

Typical benefits associated with a leasing company include the ability to match monthly payments to cash flow streams that make sense for your firm relative to the original purchase price. Many industries are capital intensive and use leasing extensively to conserve cash. Despite all the flexibility that is offered with lease structuring more often than not the business owner and manager simply want to know that a regular fixed monthly payment is a known factor they can readily deal with.

 

USE THESE LEASE TOOLS TO MANAGE CASH FLOW IN ACQUIRING ASSETS

When equipment finance rates and monthly payment values from a  leasing company are critical you have access to a number of solid tools -. They include lengthening the lease term, including a residual value in your structure, or negotiating lower down payments.

 

CONCLUSION

If you want to maximize the leverage your firm has in acquiring assets through leasing companies spend some time on our key road map points and protect your interests and assets. Approvals are quick and flexible in lease finance and it is not unusual for smaller deals to be approved within 24 hours! Using your business line of credit due to a good interest rate is not the best allocation of cash and you are making the mistake of matching short term cash availability to long term assets.

Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with commercial equipment leases or a business loan to meet your asset acquisition needs.

 

7 Park Avenue Financial :
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8

Direct Line = 416 319 5769

Email = sprokop@7parkavenuefinancial.com

http://www.7parkavenuefinancial.com

Click Here For 7 PARK AVENUE FINANCIAL website !



7 Park Avenue Financial provides value-added financing consultation for small and medium-sized businesses in the areas of cash flow, working capital, and debt financing.



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. He is an experienced

business financing consultant

.

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 financing 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.


Click here for the business finance track record of 7 Park Avenue Financial




Stan Prokop
7 Park Avenue Financial/Copyright/2020

Leasing Companies In Canada : Calling All Businesses Needing Lease Company Asset Financing Needs

Looking For A Hail Mary Pass On Financing Assets ? Here It Is

OVERVIEW – Information on leasing companies in Canada . What does the business owner/manager need to know in order to benefit from a lease company solution



Leasing companies in Canada almost always provide the classic ' Hail Mary Pass ' when it comes to financing asset needs. Whether its fixed assets, rolling stock, or technology needs the ' right ' lease company solves the problem, just when you needed it most. Let's dig in.


How though does the business owner/financial manager sift through, process, and reap the benefits of the equipment financing solution? Numerous real or perceived obstacles come up - they include a requirement to understand some of the basics of the industry, allowing you to reap the benefits they so strongly preach.

While many owners more experienced in lease financing constantly reap those benefits many firms still wrestle with the basics - they include:

What is the difference in rates based on asset size, credit quality, and type of asset financed?

Are there alternatives to the lease solution?

How important are the tax and accounting implications of asset financing?

Is it necessary to perform a ' lease vs. buy ' analysis?

What types of leases are available and how do they work?


As a lessee you're in much strong position than you think. The Canadian lease landscape is very competitive, current rates are at an all time low, and different types of finance firms truly want your business. By the way it's during this negotiation stage that your firm, or your lease advisor. truly wields the most negotiating power.

At future stages in the lease process when it comes down to credit approval and documentation it's as important to define your rights and obligations under the lease .Knowing the asset quality and useful life of the asset is also important, as that ' end of term ' value is often critical to knowing who's making more money on the transaction, you or your lessor!

As we have said, the choice in your financing needs is significant in the Canadian marketplace. Independent commercial firms, banks and captive finance firms that are directly related to manufactures all vie for your business. A lot of shoe leather can be wasted, by the way , when it comes down to searching for firms that ultimately can't meet your needs when it comes to deal size, assets financed, or your firms credit profile . The good point of ' credit profiles is that virtually all credit quality can be financed. If your company has credit ' challenges ' leases can be ' structured' vis a vis term, down payment, outside collateral, etc.

It can't be expected that all firms requiring asset financing needs know all there is to know about the mechanics of the equipment lease. That's when it might be beneficial to use the services of a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you in issues such as:

Pricing/ financing cost

Your firms deal requirements

Suitable funders

Documentation/ Credit Approval

In effect you're utilizing the experience and knowledge of the industry for your firm’s maximum benefit. All of a sudden that ' Hail Mary pass' looks better than ever.


Stan Prokop - 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 90 Million $ of financing for Canadian corporations . Info /Contact

:

7 PARK AVENUE FINANCIAL = CANADIAN EQUIPMENT FINANCING EXPERTISE





Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?
CONTACT:
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 '

Stan Prokop

Equipment Loans And Leases : How Much Do You Know About Leasing Companies

Why Canadian Business Got Hooked On Leasing Business Equipment

OVERVIEW – Information on why leasing companies are almost always a solid bet when it comes to asset financing/refinancing . Recognizing the benefits of equipment loans and leases makes your business a winner




Equipment loans and leases in Canada, as offered by leasing companies and other commercial finance firms are at an all time high in popularity.

When the business owner/ financial manger understands why this is the case he or she can take advantage of benefits and advantages that are reserved for all. Its one time when following the crowd is a must! Let's dig in.


The acquisition of assets in business always comes down to several key decision points - the use and benefits of the asset and the cost and cash flow outflow ramifications. More and more the owner / manager is focusing on using an asset, not necessarily owning it. With all respect to those ' pride of ownership ' folks preserving cash flow is almost always king.

Equipment financing sometimes by necessity can get a little complex - more often than not it’s a simple process, but it’s critical to understand that some of the factors you must also consider in financing equipment include:

Tax ramifications

Accounting Treatment

Effects on your balance sheet / Debt load

Impact on credit line facilities

It's interesting to note that almost all the Canadian chartered banks today offer specialized leasing services via separate entities within the bank. Typically these transactions are reserved for bank clients, and those that have solid credit. Deal size is typically larger here also.

The balance of industry is covered off by independent Canadian commercial finance companies. These firms typically have set credit profiles they are looking for, as well as deal size and asset mix.

In Canada almost any asset can be financed. That includes technological needs also - such as computers, software, telecom equipment, etc

While the majority of the industry is focused on what is known as the ' Capital lease ‘, aka ' lease to own ' its important to know that another choice exists - that’s the ' Operating lease ' or ' lease to use ' so to speak.

Factors that business owners must take into account when considering leasing or the type of lease they will choose include -

Estimated life of the asset

The desire to own or return the asset

Leasing structure relative to rate, term,

Cash flow impact


Computer leases are probably the best way to describe the benefits of operating leases. That’s because the technology changes so quickly. Owners wish to often upgrade, replace or refresh, and assets can be efficiently returned with no obligation to buy.

Assets you own can also be leased by the way! That’s essentially called a sale leaseback, and allows you to keep assets in the business and take advantage of the equity in those assets. The process is relatively simple and includes ensuring the asset is lien free, has value (typically via an appraisal) and ensuring a proper lease or loan structure is in place. The lease can be in this case substituted for a ' bridge loan' of sorts.

Have we forgotten anything? Oh yes. If you business offers a product that can be leased you can benefit from offering a customer financing program. By partnering with the right firm you can offer all the benefits of equipment loans and leases to your clients. Key benefits include:

Immediate cash flow for the vendor

Removal of budget and price constraints in your products

Creating a strategic advantage via your client’s perception you offer a one stop solution


So, if 80% of Canadian business is ' HOOKED ' on solutions offered by leasing companies the choice seems pretty clear. Seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you with your business financing needs.



Stan Prokop - 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 90 Million $ of financing for Canadian corporations . Info /Contact :

7 PARK AVENUE FINANCIAL = CANADIAN EQUIPMENT FINANCING AN LEASING EXPERTISE




Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?

CONTACT:

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 '

Stan Prokop

Leasing Companies Save The Business World One Deal At A Time Via Creative Business Funding Solutions

Feeling Left Behind When It Comes To Asset Financing Solutions





OVERVIEW – Information on leasing companies in Canada . How does this method of business funding provide ultra creative solutions for asset finance needs


Leasing companies in Canada. When it comes to lining up all your firms’ asset financing choices do you sometimes feel a little left behind? That of course shouldn’t be the case - unfortunately it sometimes is.

Furthermore we maintain that there isn’t a more creative option when it comes to financing the asset or assets you need to run your business or take you to the head of the line in competitiveness. Let's dig in.


How then does the lease finance solution get truly creative when it comes to that ' one deal at a time ' finance solution? First of all let's make it clear that every asset category, even intangible assets such as computer software can be financed. Broadly speaking the asset categories that are financed everyday in Canada include manufacturing ' shop floor ' type assets, technology that includes computer, software and telecom assets, and rolling stock including trucks and fleets, etc. And we can put aircraft into that general category also.


When it comes to the right transaction for your firm it's all about credit/financing approval, rate, and structure. In Canada you can finance assets in 4 size categories - they include micro size, small, mid and large ticket lease. So whether it’s a laptop or fax machine ( is anyone still using faxes?!) or your newest corporate jet acquisition there is a finance solution for all.

Business owners like choices. There's no question about that, so when it comes to dealing with a lease finance partner you are comfortable with your choices are abundant. They include subsidiaries and divisions of Canadian banks, independent commercial finance firms, as well as captive finance companies associated with large manufacturers. Small transactions can be approved within hours, larger transactions due to size and credit approval issues take longer of course.

Although numerous benefits exist around the use of leasing companies for asset acquisition more often than not clients focus on working capital and cash flow issues they are challenged with - they want and need to acquire the assets in question - they are constrained by cost, budgets, access to business credit, etc.

The reality is that all credit quality issues can be addressed in lease business funding. Transactions that are related to your firm’s potential lack of credit quality are known as being ' structured' in nature. That simply means that you're still approved, however the rate or potential down payment might be higher.

Tremendous flexibility

exists around the actual payment structure of your transaction. Term sizes vary from 2 to 7 years, even longer for certain assets. Payments can be deferred for a reasonable period of time, or then can be either accelerated or ' step down' in nature... ie paying less during the initial asset acquisition period, and then ramping up as your firm generates the true benefits of the asset in question.

In certain cases operating leases can both enhance your balance sheet and reduce your payment and overall operating costs. ( Operating leases are ' leases to use ' as opposed to ' lease to own'.)

If your firm is looking for a quick way to both access and benefit from leasing companies and their solutions in Canada consider seeking and speaking to a trusted, credible and experienced Canadian business financing advisor who can ensure you're not ' left behind' when it comes to timely state of the art asset financing solutions.




Stan Prokop - founder of 7 Park Avenue Financial


http://www.7parkavenuefinancial.com


Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years - has completed in excess of 80 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 re: Canadian business financing & contact details :


7 PARK AVENUE FINANCIAL = CANADIAN BUSINESS LEASE FUNDING EXPERTISE







CONTACT:

7 Park Avenue Financial

South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Phone = 905 829 2653
Fax = 905 829 2653
Email = sprokop@7parkavenuefinancial.com














Stan Prokop

Leasing Companies In Canada You Need To Know This About Equipment Financing

Looking For The Best Solution ?



OVERVIEW – Information on leasing companies in Canada . Equipment financing, when used properly offers the Canadian company great and flexible solutions for their asset finance needs




Leasing companies and equipment financing. Is it possible that this Canadian business finance method addresses all your needs such as cash flow, accounting and tax when it comes to asset acquisition in Canada? We think so and here's why.

The reality of business asset acquisition and replacement needs is that the Canadian business owner wants to optimize the solution around that need. He or she wants options, flexibility and quite frankly less worry or business stress surround the need to purchase equipment assets.

It's been described that the whole process around equipment finance is in fact a ' cycle ‘, and when you learn how to manage and optimize that cycle you're in a winning position . It's not as difficult as you think, it’s simply entering into the right lease structure, ensuring you have and understand your flexibility and rights in the transaction, and then decided at the end of the term what your best options are re: replacement, sale, upgrades, disposition, return, etc.

The dominant form of equipment financing in Canada is probably what the industry calls ' finance leases'. At their basics they are simply full payout transactions with you owning or purchasing the asset at the end of term. The economics to the leasing company are pretty simple - their profit is the spread between what they borrow at and what your lease rate is.

If that sounds a bit boring... we don’t think it is... but... that's when the excitement begins. Many other benefits and features in the whole leasing cycle can kick in , should you choose, to address cash flow management, end of life options ( that's end of life in the lease by the way!) And various renewal and purchase options that maximize the flexibility we've been talking about.

One of those options we're talking about today is fairly under utilized these days. It’s the ' operating' or ' fair market value' lease, which allows you to consider your asset transactions in a term that many lessors call the ' asset life cycle '. That’s because when you utilize this type of transaction you can invoke your right to change your assets, payments, etc during the term of the lease. Operating or ' FMV' leases are very solid solutions when it comes to assets such as computers, telecom, aircraft, etc. Who wouldn’t want a corporate jet with low monthly payments we think!

Approval on leases comes down to a combination of credit quality of your firm and the focus on the true value of the asset at the beginning, middle and end of term of the equipment financing transaction. Leasing companies in Canada 'price to risk ' and the good news is that the industry can address the entire spectrum of business credit - from start ups, to challenging credits, to blue chip investment grade transactions which are funded at an ultra low cost to your firm if you qualify . Oh and by the way, competition is intense in the industry, so hundreds of firms and intermediaries want your business.

Using an INTERMEDIARY by the way is one of the best ways to address your inter action with leasing companies. A solid intermediary will know the market, have the respect of the industry and be able to deliver you the best asset finance solution at the lowest cost with maximum flexibility.




Stan Prokop - founder of 7 Park Avenue Financial –

http://www.7parkavenuefinancial.com

Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years - has completed in excess of 80 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 re: CANADIAN BUSINESS FINANCING & contact details :

http://www.7parkavenuefinancial.com/leasing-companies-equipment-financing.html





7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Phone = 905 829 2653
Fax = 905 829 2653
Email = sprokop@7parkavenuefinancial.com
























Stan Prokop

Searching For Leasing Companies In Canada? 7 ( More) Key Steps To Find And Deal Successfully In Equipment Asset Finance

7 ( Count ‘ em !) Ways To Make Lease Finance Work For Your Company


OVERVIEW – Information on leasing companies in Canada . Key attributes in dealing successfully with the equipment asset finance firm





Dealing with leasing companies in Canada for your key asset finance needs. Want to maximize your return on this popular method of financing fixed assets in the Canadian marketplace. Or perhaps you simply want to find a lease company you can comfortably work with on a long term basis.

Previously we offered up 5 points on maximizing asset financing for your company. Those points / tips revolved around:

What can be financed?

Lease rates

Payments to your vendor/mfr for the asset

Delivery and Acceptance

Asset location


As the announcer on TV says ' But wait ... there’s more!

And if you act now we'll throw in ...'


Anyway, here are 7 other aspects to consider when utilizing a lease company for your financing needs.

First of all, focus in, or brush up on what type of lease you actually are looking for. Capital leases, i.e. lease to own, and Operating leases, i.e. lease to use are in fact that two main choices offered up to Canadian business owners. Each has its nuances when it comes to monthly payment calculations, implied interest rate, and how they affect your balance sheet and tax situation.

Secondly - determine what the term of the lease is that you require. Term, or amortization affects pricing of course, but other factors such as useful economic life and options at the end of your lease available to you are also critical.

Thirdly, believe it or not you have more flexibility around the timing of your monthly payments. Aside from monthly you also have the option of requesting quarter or even semi annual type payment structures. In certain cases if the asset isn’t going to be fully functional you might want to ask for a short ' interest only ' payment scenario as the asset gets up to full production speed.

Fourth - this one is important. It's your end of term options. They might include negotiating buying the asset at the end of term, upgrading it, returning it, or simply extending the lease for a few more months based on the particular use of the asset.

Our fifth point? Well it might seem a little bit mundane , but its about knowing how to address basis , lets call them documentation or paperwork issues around maintenance of the asset, servicing it, ensuring the asset is properly insured in your name and the name of your lessor, etc. And can it get anymore boring than taxes? In general you will pay the taxes as a combined amount on your monthly payment, i.e. it will be included. By the way when you create a loan transaction, as opposed to a lease those taxes can't be financed, so that’s one of the flexibilities of leasing equipment.

Point # 6 today? It's ensuring that any smaller transaction expenses, which can add up by the way, are identified in your lease offer. They might include admin fees, legal fees for collateralization, registration fees, etc.

Finally, point # 7. It’s simply that you should strive to ensure you are fully credit approved for equipment asset finance transaction, as final credit approval drives both your rate plus some other issues that we have spoken of. You might also want to ensure the actual rate of the lease and verify that with a proper financial calculator. There are only 5 drivers to a monthly payment - term, rate, monthly payment, value of the deal, and the end of term obligation. If you know 4 of those you can figure out the last one easily.

Successfully dealing with leasing companies in Canada can save you both time and dollars. Seek out and speak to a trusted, credible and experienced Canadian business financing advisor, who can assist you with your key fixed asset financing needs.

7 PARK AVENUE FINANCIAL
CANADIAN EQUIPMENT FINANCE EXPERTISE


Stan Prokop - founder of 7 Park Avenue Financial –

http://www.7parkavenuefinancial.com

Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years - has completed in excess of 80 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 re: Canadian business financing & contact details :



http://www.7parkavenuefinancial.com/leasing-companies-key-equipment-asset-finance.html


7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Phone = 905 829 2653
Fax = 905 829 2653

Email = sprokop@7parkavenuefinancial.com















Stan Prokop

Looking For Leasing Companies ? Here’s 5 Steps For Finding And Dealing Successfully With An Asset Finance Company

Here’s A Short Success Road Map to Asset Based Equipment Finance


OVERVIEW – Information on leasing companies in Canada . Knowing these tips will help you deal successfully with an asset finance company for your business financing needs.



When the Canadian business owner or financial manager maximizes the benefits of utilizing an asset finance company for their capital asset needs it clearly is a win. Here are some proven tips, steps and issues to consider and follow when dealing with leasing companies in Canada.

Point # 1 - While almost any asset, including some intangibles such as computer software can be financed it’s important to have a solid handle on being able to identify the manufacturer of the asset to your leasing company. You can waste a lot of time in finding out that in some cases the firm you are leasing from does not have an appetite for a particular industry .

Point # 2- The leasing rate and monthly payment are key drivers in your final monthly payment calculation. Providing a concise estimate of the actual cost of the asset helps the process move along in a much better fashion. That can often be achieved by simply providing a quote to your lessor.

Point # 3- You want to be able to be in a position to identify when payment must be made to your manufacturer or vendor. In certain cases there might be a staggered payment scenario. That situation will also be reflected in your monthly payment. If you have a legitimate vendor or manufacturer they typically can be paid even if they are outside of Canada, provided you and your leasing company agree on the terms and timing of the payment. Remember also that the majority of leases in Canada have what is known as a ' hell or high water' clause which simply stipulates that you are responsible for paying back, via your monthly payments, any amount that has been advanced to your vendors or mfr's.

Point # 4 - Delivery and acceptance are key aspects of any equipment financing lease in Canada. In certain cases if the delivery date is outside of a normal period of time your lease rate may need to be adjusted. Many Canadian business people don’t' understand leasing companies in Canada borrow and lock in funds also! As a result the timing of cash outlays is reflected in their profits.

Oh and by the way, interest rates go down as well as up, as they certainly have over the last several years. So you should have a clear understanding that you have a right to request the lease rate be lowered downward if in fact general market rates have fallen. It's a two way street, right?

Point # 5- Many Canadian lessees assume that the asset finance company is not necessarily concerned about the location of the assets they are financing. That's wrong, in that it's critical for the lessor to understand where your financed assets are located - they might be at head office, a branch, or even a job site of sorts. You also don't want to move the assets during the term of the lease without proper notification to the asset finance firm/lessor.

Ensuring you address our 5 points will help you in a number of ways; they will streamline your overall approval and funding process, and further enhance your longer term relationship with the right leasing companies you have chosen to work with.

Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you in ensuring successful lease finance transactions while eliminating the risk of things going wrong.

7 PARK AVENUE FINANCIAL
CANADIAN EQUIPMENT FINANCING AND LEASE EXPERTISE


Stan Prokop - founder of 7 Park Avenue Financial –

http://www.7parkavenuefinancial.com

Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years - has completed in excess of 80 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 re: Canadian business financing & contact details :


http://www.7parkavenuefinancial.com/leasing-companies-asset-finance-company.html



7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Phone = 905 829 2653
Fax = 905 829 2653

Email = sprokop@7parkavenuefinancial.com























Stan Prokop

Your Road Map To Success With Leasing Companies . Equipment Finance Rates And Lease Finance Solutions

Looking For A Path To Canadian Equipment Financing Success?


OVERVIEW – Information on working successfully with leasing companies in Canada . Equipment finance rates and asset lease solutions are more readily available for the Canadian business owner.



When it comes to using leasing companies for equipment finance in Canada is there a road map that Canadian business owners and financial managers can use to ensure they are getting the best solutions, rates and structures for acquiring business assets. We think there is a basic road map that can be followed to ensure asset financing success.

So what would the elements of that road map be? We think it comes to the following categories :

Solid structures , rates and terms

Understanding the benefits, and yes the risks of lease finance

Ensuring you have chosen the right lease with a monthly payment and term that supports your financial needs

Understanding the accounting and tax implications of your transaction


Trouble shooting to ensure you're dealing with the right lease company

Utilizing Proper third part assistance when needed

When you have those points covered off we're pretty sure you are very close to having a solid road map in front of you for the lease finance journey.

There really isn't another more popular method of financing your business asset acquisitions in Canada and the U.S. In fact billions of dollars of assets are financed every year, and the ability of your business to acquire assets with financing that comes with other benefits make this business tool extremely popular.

The actual asset that your firm acquires has both a useful life and some economic and hopefully operational value to your business. In many cases these assets will have a residual value. That's where it’s important for you to ensure you're still following some of our road map issues - namely understanding who to deal with and what type of lease you choose. Those two choices boil down to lease to own (capital lease) and lease to use (operating lease).

How you shape and negotiate your payments around that asset is what makes you a winning in dealing with leasing companies. Equipment finance rates themselves are important, but at the essence of this financing tool is the fact that you have access to a lot of structuring tools that come with both risks and opportunities for you and your chosen lease company.

Typical benefits associated with lease finance include the ability to match monthly payments to cash flow streams that make sense for your firm. Despite all the flexibility that is offered with lease structuring more often than not the business owner and manager simply wants to know that a regular fixed monthly payment is a known factor they can readily deal with.

When equipment finance rates and monthly payment values are critical you have access to a number of solid tools -. They include lengthening the lease term, including a residual value in your structure, or negotiating lower down payments.

If you want to maximize the leverage your firm has in acquiring assets through leasing companies spend some time on our key ROAD MAP points and protect your interests and assets.

Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your lease finance needs.

7 PARK AVENUE FINANCIAL
CANADIAN EQUIPMENT FINANCING EXPERTISE

Stan Prokop - founder of 7 Park Avenue Financial –

http://www.7parkavenuefinancial.com

Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years - has completed in excess of 80 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 re: Canadian business financing & contact details :

http://www.7parkavenuefinancial.com/leasing-companies-equipment-finance-rates-lease.html




7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Phone = 905 829 2653
Fax = 905 829 2653
Email = sprokop@7parkavenuefinancial.com














Stan Prokop

Can Leasing Companies Solve All Your Asset Finance Needs ? Making The Right Equipment Financing Choices In Canada

Canadian Equipment Financing


OVERVIEW – Information on leasing companies in Canada . How asset finance solutions for equipment assist Canadian businesses .



Absolutely not. That's the short answer to the question of leasing companies in Canada solving ' all ' your equipment asset finance challenges. But we're pretty sure that 90% of the time they can, and those aren't bad odds, right?

In Canada there are currently hundreds of providers of equipment financing for asset acquisition needs of Canadian business. In a way that’s one of the challenges for the business owner / financial manager - namely who exactly do you turn to? The industry is certainly robust these days with larger corporations, brokerages, and small niche firms providing lease finance solutions from items we could call ' micro ticket ' to multi million dollar acquisitions of technology, airplanes, heavy equipment ... well .. you get the picture!

Many manufactures and distributors have formal or informal relationships with firms that will help you get the financing you need. Major players in a number of industries actually have full blown captive finance firms that are strongly incented and chartered with providing you with flexible financial solutions.

One of the advantages of dealing with a captive finance firm ( i.e. one that is related to the manufacturer ) is that your flexibility typically increases substantially, with various lease schemes ( schemes ?) offering your firm lease to own, lease to use, rental, or short term financing . Typically the shortest lease term in Canada tends to be 24 months, and longest terms are in the 5-7year range. That's of course unless you require a lower monthly payment for your new corporate jet!

If there is one key advantage of equipment asset finance in Canada it’s simply that the emphasis on the ' collateral ' to your transaction is, more often than not, just the equipment you are financing.

One of the alternatives to using leasing companies for financing needs is of course Canadian chartered banks. However here is where credit criteria are somewhat higher when it comes to balance sheets, income statements, and cash flows that meet bank requirements. We don’t mean to infer that the Canadian leasing industry is populated by drunken cowboys!

But we are definitely saying that overall credit flexibility is significantly greater when you use a non bank commercial leasing entity.

Also, most leasing companies will entertain the refinancing of an asset you already own to generate additional cash flow for your firm. This is of course the ' sale leaseback'. After you have reconciled with the fact that you might have to pay the sales tax twice this option still makes a lot of sense.

We encourage business owners to understand the key differences between lease to own and lease to use. That’s the capital lease and operating lease respectively, and there are significant differences to each of those lease solutions.

When cash flow and financial flexibility are important to Canadian business working with the right leasing companies can solve, not all, but a lot of your problems! Speak to a trusted, credible and experienced Canadian business financing advisor for assistance in asset finance solutions.


Stan Prokop - founder of 7 Park Avenue Financial –

http://www.7parkavenuefinancial.com

Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 7 years - has completed in excess of 80 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 re: Canadian business financing & contact details :


http://www.7parkavenuefinancial.com/leasing_companies_equipment_asset_finance.html

7 PARK AVENUE FINANCIAL
CANADIAN LEASE FINANCE EXPERTISE

Looking For Best Equipment Lease Rates In Canada . It’ About ‘How ‘to Get Them, Not ‘ Where’ When It Comes to Leasing Companies

Expecting The Best Lease Finance Rates In Canada . Here’s How!


OVERVIEW – Information on how the Canadian business owner/manager can achieve best lease rates from leasing companies in Canada when arranging equipment and asset acquisitions.



Here's where you are going wrong. When Canadian business owners and financial managers focus on getting the best lease rates from equipment leasing companies, they are focusing on ' where ‘... not ' how'!

The reality is that the current Canadian landscape is very competitive when it comes to delivering solid asset financing solutions to your firm and industry. So ‘creditworthy’ firms (hopefully yours?!) can expect and demand solid interest rates based on their own particular credit quality. So the thing you are probably working hardest to find is already there.

What is critical though, and often missed by the business owner/ manager is in fact how that rate is delivered in terms of structure, documentation, hidden fees, and the quality of the firm you are dealing with . When you master those you have achieved leasing Nirvana in Canada!

We continually remind clients that in fact your lessor has actually borrowed the money also, so they are focused, and it’s reasonable to assume- all the time, on maximizing the mark up in your transaction. Because that mark up is your profit.

Many lessees (that’s you!)don't know they can easily calculate the lessors profit on your transaction. How? Because the elements of any equipment lease in Canada are term, interest rate, monthly payment, value of the deal, and end of term obligation. Typically you are given all of those, except the rate! So by simply using a financial calculator you're in a position to determine the actual rate you are charged.

Often the most important part of your equipment lease is in fact the final payment. Why? Because it is at that time that it is determine what you signed up for in the documentation of the lease. And if you have entered into the wrong type of transaction (yes ' IT' happens) the actual residual value of the asset becomes the largest part of the profit component of your lease.

The above scenario is particularly true when it comes to your choice of type of lease, capital or operation. If you have chosen a fair market value, aka ' operating lease ' you is in fact obligated to return the asset to the lessor. And they then sell it to further increase their profit on a transaction.

Many business owners are to say least, surprised, you may say dumbfounded when it comes to being told they either have a very low or even 'negative' interest rate in their operating lease overall rate. Why? As we said the lessor is banking on making their profit a few years from now when you are obligated to return the asset.

By the way, don’t get us wrong, in many environments the operating lease is one of the best solutions in town when it comes to financing technology assets such as computers, telecom assets, etc. That’s because those assets are traditionally worth a lot less, sometimes even close to zero, when it comes to economic life/value. So if the lessor wants to take that risk off your back... let them!

One final point on operating leases - if you know what you are doing you'll construct your obligation so that the choice at the end of the term allows you to make the decision to buy, return, or extend the lease. All of those options are available to you, you just didn’t know it. Even worse, you weren’t told. Must have been a slip up, right?!

Our point today, simply that your credit quality and actual interest rate are pretty well predetermined in today’s competitive equipment leasing marketplace. Dealing with the right firm, and understanding the documentation you enter into is key to asset financing success. Focus on ' how' not ' where '!

Seek out and speak to a trusted, credible and experienced Canadian business financing advisor on equipment finance solutions that work... in your favor!

Stan Prokop - founder of 7 Park Avenue Financial –

http://www.7parkavenuefinancial.com

Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 7 years - has completed in excess of 80 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 re: Canadian business financing & contact details :

http://www.7parkavenuefinancial.com/leasing_companies_best_lease_rates_equipment.html

Here’s Your 7 Objections To Equipment Lease Financing And Why You Just Might Be Wrong About Leasing Companies In Canada !

Canadian Business Financing With The Intelligent Use of Experience

Canadian Equipment Leasing – You’ve Waited Long Enough


Information on common objections and misunderstanding regarding equipment lease financing and leasing companies in Canada .


Equipment lease financing and leasing companies in Canada. For almost too long that we remember we've heard objections from Canadian business owners and financial managers around whey they don't use or recognize the benefits of lease finance.

One of our old mentors in this segment of Canadian finance actually tabled these objections in a work he published. We thought we would dissect those objections with an emphasis on the Canadian leasing business, as his comments originally were general in nature; by we're Canadian, eh?

Objection # 1- Cash is king, and you like to pay cash and have pride in ownership. Well as our mentor noted, lease payments are made in cash also, it’s just that we've always felt that a smaller outlay of cash is better than a larger one in business. And if you've got ' pride of ownership ' in a depreciating asset, well .. that's your right!


Objection # 2- Lease pricing. The reality is that lease pricing in Canada is credit driven and that your rates are commensurate with your overall credit quality. In fact if you have bank quality financials you can actually receive lower rates than a bank term loan, certainly for larger transactions of good credit quality. We've been on the record that the overall structure and flexibility offered by leasing companies often far exceeds any rate differential in lease finance.

Objection # 3- You prefer loans. Well that may well be, but you are of course adding debt to the balance sheet under that scenario. Oh and by the way, when you choose a capital lease full payout scenario you are very close if not at the loan scenario. The true finance lease is essentially a loan for the full amount of the asset.

Objection # 4- You have had what our mentor called a ' bad experience '. Our point on this one is that you also may have a bad experience with a lawyer, accountant, or business or personal financial advisor. The reality is that you need to focus on partnering with a firm or individual that you trust when it comes to equipment lease financing in Canada. That goes for choosing a supplier, banker, etc. It's only common sense.

Objection # 5- Hell or high water. What? A Hell or high water clause in commercial leasing indicates that you are obligated to pay the full amount of all remaining payments in your transaction .What that, you want to change that clause. The reality is that with the proper negotiation a good lessor or leasing advisor has the ability to include in your transaction features that make sense to you when it comes to cancellation and pre-payment.

Objection # 6 - the proverbial down payment. You don't like it. Down payments with good credit quality are minimal or non existent when it comes to equipment lease financing as well as choosing the proper lessor.

Objection # 7 - The lockdown . Many clients tell us that are unable to extricate themselves from their current lease transaction in order to move on to a more appropriate one. A variety of tactics can be utilized to refinance and move on .They include at the very lease refinancing the existing lease combined with the new one.

Most lessees, your firm probably included feel their company and industry is unique. That may well be true, but ensure you speak to a trusted, credible and experienced Canadian business financing advisor. You may well find those 7 objections to leasing companies and equipment lease financing in Canada are somewhat... unfounded!

7 PARK AVENUE FINANCIAL IS AN EXPERT IN CANADIAN EQUIPMENT LEASING



Stan Prokop - founder of 7 Park Avenue Financial –

http://www.7parkavenuefinancial.com

Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 7 years - has completed in excess of 80 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 re: Canadian business financing & contact details :


http://www.7parkavenuefinancial.com/equipment_lease_financing_leasing_companies.html