Leasing Company Challenges ? 5 Simple Facts That Affect Your Equipment Finance Lease Success

These Habits Save You Money On Asset Acquisitions

Information on equipment lease finance in Canada. Ensuring you understand these points to effectively deal with a leasing company provides you with the comfort that you are achieving proper benefits and utilizing your rights in the asset finance transaction



Leasing Company challenges. There are some real basics you can cover off to ensure you're saving money, time, and most importantly, helping to guarantee you have a great deal on asset acquisitions in Canada . Let's dig in.

What we're talking about is simply understanding your rights and obligations in the type of lease structure you seek, and ensuring the paperwork and terms around the transaction meet your needs.

Naturally there are all types of lease sizes, you might be leasing a laptop or photocopier for the office, you might be investing in computer and telecom infrastructure, or at the high end of the scale it might be that corporate jet. Well we can dream can't we..?

First of all it’s important to understand the term and actual start date of your payments. Term, i.e. the actual amortization of your lease is important because it requires thought relative to the actual useful life of the asset. In certain cases you might be acquiring assets or part of the asset with the actual lease payment not starting yet. Make no mistake though, there is no free lunch in lease financing, so interest is accruing on your transaction.

Our second point is that you have a of choices in lease payment timing - you can request monthly, quarterly or in some cases annual lease payments depending on the size and quality of your overall transaction .

Our third point - simply to ensure you have the proper insurance on the asset being financed. In almost all cases anyway you will be asked by the lessor to provide a certificate of insurance. We should point out also that certain assets require they be proper maintained. While as a prudent and responsible business owner you want to do that anyway, suffice to say your lessor feels the same way.

Fourth point - understand where your assets are located, whether they be at a head office, a branch office, or in the field, so to speak. You will want to advise your lessor of any change in location of the asset. It's simply the right thing to do. Larger assets may in fact need to be inspected by your lender at certain points during the lease term.

Fifth point - Choices ! Don't forget that in Canada you have the option of picking a lease to own or a lease to use transaction. That is called capital and operating leases respectively. Tech type assets are perfect for operating leases because they give you the right to return, upgrade, extend or purchase assets depending on their obsolescence - which is one of the key points in asset finance - your ability to manage the economics and cash outflows.

What's our key point today ?Simply that for a multi million dollar transaction you might well want to have your lawyer look over documents and terms , but the reality is that the knowledgeable business owner has the ability to manage certain issues within an asset finance transaction that can save you thousands in time, dollars, and oh yes grief!

Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you in proper ' habits' in addressing a finance transaction.




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 EQUIPMENT LEASE FINANCE EXPERTISE


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

Equipment Finance Services . Why We Think You Underestimate Powers Of A Leasing Company Solution

Don’t Finance Assets Without Reading This !


OVERVIEW – Information on equipment finance services in Canada . Knowing the benefits achieved via a leasing company can enhance your Canadian business financing needs




When it comes to equipment finance services via a leasing company we've never been quite sure if the Canadian business owner and financial manager understand the true power of asset finance. Each year hundreds of billions of dollars is financed in North America (that includes Canada by the way!) and the asset categories could not be any broader.

Your firm’s ability to maximize on the benefits of leasing is key. Part of the problem in that challenge revolves around the types of leases that are offered by the industry, and that fact that there are competitive forms of asset finance. In truth the form of finance you enter into is really driven by credit, tax, accounting and legal issues that may or may not be critical to your final asset investment decision.

The essence of the actual ' lease ' decision revolves around whether you really want to either ' use' and asset or ' own ' and asset. In lease jargon that’s an ‘operating lease’, or a 'capital lease’, respectively. If it is not one of those at the end of the day its ' secured loan’ or a ' bridge loan' with collateral.

Where you can exhibit the true ' power ' of a leasing company solution is when you have a strong handle on the actual useful life of the asset you're buying. Many firms such as yours acquire assets that have a long term of functionality. Using technology as an example that ' useful life' curve becomes a lot shorter, for in technology things seem to change pretty well every month or so. At least that is how it feels.

Can you actually ' profit ' from a lease finance scenario. Potentially you could if you entered into an operating lease and made great business decisions around selling or keeping the asset at the end of the lease term after you have satisfied your legal obligations re monthly payments, etc.

And if you are wondering why your lessor suddenly looks so happy at the end of a lease term it’s because they have smartly anticipated taking back the asset and refinancing it all over with someone else. So we suppose at this point you've transferred all your power to your lessor.

We think, and experience everyday, situations where clients are only focused on ' rate ' and ' 'monthly payment '.

Many business owners/managers don't necessarily appreciate the role of proper documentation in a leasing company deal. Proper documentation is key to understanding your rights and obligations in any asset finance transaction.

A great tip we offer clients is to ask them to consider the concept of a ' master lease ' document if they are entering into numerous asset financing transactions based on the nature of their business. That document is signed once, and when it is done properly protects you forever

The true power of equipment finance services revolves around your right to capitalize on economic advantages, recognizing when an interest rate is fair or could be improved upon, and achieving the many benefits of cash flow and working capital management that come with a leasing company solution.

Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who has a proven track record in asset finance power solutions.

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 :

equipment finance services leasing company




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



leasing company











Stan Prokop

Leasing Company Search? Don’t Be The Lone Ranger When It comes To Lease Finance Solutions In Canada!

Canadian Equipment Financing – More Than You Think!



When searching for a lease finance solution from a leasing company in Canada it's tempting to go it alone. But you don't have to be the ' Lone Ranger '

when it comes to financing assets in Canada. There's an entire industry out there waiting to help your firm out with the right combination of solutions, rates, structures, etc. Let's explain.

We're the first to forgive Canadian business owners and financial managers for thinking that financing assets is tougher than they think. For the last couple of years it’s been pure ...

well let's diplomatically say ' a challenge ‘to arrange the financing they need for fixed assets.

The good news though is there's a new weather report - and it's sunny! with numerous tools, solutions, and yes leasing company advisors and partners to assist you.

Lease finance transactions are primarily done these days on fixed interest rates, and rates have never been lower. (Depending on credit quality of course!)

Another reason you don't have to go it alone in your financing decision is the fact that you almost won't believe the resources behind the current lease industry in Canada. They include independent private commercial firms, Canadian chartered bank owned / controlled companies, captive finance companies, and even firms that provide bridge loans that are similar in structure to leases, but are accounted for differently on your balance sheet.

Where the business owner/manger needs help these days is really in what type of lease structure most suits their firms needs. The reality is that those needs are driven by tax, accounting, cash flow and interest rate focus. In some cases you see the value of just using the asset and returning it to the lessor or mfr at the end of the term. In that case focus on an operating lease.

If you’re focused on owning the asset and strongly recognize its useful economic life than utilize the concept of lease to own, aka ' capital lease ‘.

If we had to pick one area that clients don't focus on enough (they usually just want to know ' the rate ') we would say it’s the whole area of terms and conditions. While it might be somewhat easy for the leasing company to disguise the interest rate you are paying, it’s a little tougher for them to term, payments, return obligations, and incidental fees, all of which can have a dramatic effect on the winning of losing of asset finance when it comes to your business.

Most businesses, whether it’s true or not feel they are unique in their needs. So how you address strategic, operational and financial issues around asset financing will ultimately determine if you're a lone range. or alternatively maximizing on the info and resources you need to make intelligent business financing decisions.

Want some very free assistance on how not to feel alone when it comes to lease finance in Canada? Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your asset acquisition needs.



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-company-lease-finance-canada.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

Can A Leasing Company Empower Your Asset Finance Needs ? Understanding A Lease Companies Offerings

Maximizing Benefits of Lease Finance

OVERVIEW – Information on asset finance in Canada . How a leasing company provides lease financing solutions that empower business owners and managers.




Does your ability to deal with a leasing company empower your asset finance needs? We checked out ' empowerment' in the dictionary and its all about giving ' power and authority '. Your ability to master dealing with and recognizing the benefits of the right leasing company and solution clearly put you in empowerment mode.

Let's explain!

At the heart of leasing finance is its ability to be both straightforward, yet creative when it comes to financing assets your business needs, or needs to replace! We constantly hear the term ' win / win ' in business and nothing embodies that more that your ability to properly finance assets.

Lease finance in effect empowers you to have greater control over a number of key aspects of your business - they include cash outflows, balance sheet and income statement consequences, and the ability to profit using assets acquired under the lease. Some of those assets might in fact be needed in the normal course; some allow you gain a competitive edge over the competition.

When Canadian business owners and managers acquire assets from major manufacturers they are often pleasantly surprise to find out that these corporations have independent finance related companies that are incented to move product. That’s to your benefit of course, and taking advantage of their financing options is a clear example of empowerment.

What are some of those finance options? They might include staggered cash flows, low or no down payments. Operating leases with greater flexibility at end of term, etc. And on it goes.

Quite frankly we can’t think of one other form of business financing that allows you to gain a certain level of control over technology, financial statement presentation, cash flow management, as well as the opportunity to match the economic life of certain business assets to your own firms financial condition.

Feeling locked or trapped in, in any form of business is not a great feeling. A leasing company allows you to manage the concept of upgrading, whether that be on the shop floor or in the computer room. We're constantly told we are living in a ' knowledge based ' environment , so just managing tech assets such as computers, telecom assets, and application software all can make or break your business . With what other financing mechanism other than an equipment lease can you in fact transfer the risk of obsolescence to the lessor, your lease company? The answer - basically none!

Owners and managers of corporations of all size are beholden to their shareholders (in some cases themselves!). Leasing companies offer you solutions that allow you to report a higher level of return on assets and equity.

Many managers in medium sized and larger corporations are ' victims 'of 'corporate budgets. At lease it certainly feels that way sometimes. Lease companies allow managers that are constrained by capital budgets to acquire the assets they need to run their division or business. That's empowerment! And again let us make the point that what other finance tool allows you to acquire more expensive and better assets while keeping monthly payments or budgets in line. As we said, we can't think of one.

Want to get a bit more ' empowerment' when it comes to financing business assets? Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your asset finance needs.

7 PARK AVENUE FINANCIAL
CANADIAN LEASE 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-company-asset-finance-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

Should You Lease Equipment? What Leasing Company Is Your Best Financing Bet ?

Confused About Your Equipment Leasing Decision?

OVERVIEW – Information on the right leasing company to choose when your company is financing assets . A solid lease equipment strategy pays off significant dividends !


The ' lease equipment ' decision can be a complex and / or confusing one when the Canadian business owner or financial manager is ready to choose the right leasing company for the firms asset financing needs . Who should you deal with? What are the differences between lessors? What mistakes can be made... and how can you take advantage of the right benefits of leasing assets? Whew... a lot of questions! Let's provide some solid answers to the lease finance conundrum!

There are numerous financiers of equipment assets in Canada. While some might be ' pure play ' equipment lessors others might be a hybrid, offering loans, bridge loans, etc. Choosing who to use, as we have pointed out carries rewards... and some risk.

At the end of the day there are 3 real, as we call them ' pure play ' lease type firms in Canada. They are independent commercial financing companies, captive finance firms (more about those later), and bank subsidiaries and divisions of our Canadian chartered banks. There is also what we can call a ' hybrid ' provider that might just possible be your best solution, an independent Canadian business financing advisor who has strong relations with all of the above. At the end of the day a little help from an expert never hurts.

When you at least know the different categories of lessors out there it certainly helps to level the playing field!

We would venture to say that independent commercial lease companies in Canada provide the bulk of asset financing to the industry. It's their only job, and they do it well. They aggressively market asset financing to Canadian business and are in a position to use credit and asset expertise to deliver on solid fixed asset financing solutions to your firm. They industry, as we have noted in the past is diverse even on its own - there are micro, small, mid and large ticket lessors, and all of them have different ranges of pricing and credit criteria . Typically commercial independent lease firms offer two types of leases, lease to own ' capital ' leases, and lease to use ' operating’, or ' rental ' leases. Knowing which type of lease you need helps you narrow who to deal with.

Independent lease firms pay your vendor on your behalf and enter into a lease contract with your company. Title remains with the leasing company until you typically have paid all the monthly rentals. These firms make their profit from the finance charge, and on occasion from the residual value of the equipment if you are obligated to return it.

Captive lease firms are typically associated with a specific manufacturer. They are the ' in house ' arms of large computer and auto and construction equipment firms as an example. They are usually great to deal with because, no surprise here, they are incented to finance the product their parent company sells your firm. Credit is sometimes more flexible and in many cases return and upgrade options are plentiful.

Many of Canada's chartered banks have re - entered the equipment leasing market. While credit criteria and standards are very high it’s no surprise that rates and terms are great. Typically banks will only do lease to own type transactions. Don't expect your bank to offer a computer upgrade option on your technology financing needs!

Using an experienced Canadian business financing advisor for your needs might often be the perfect solution to size up the entire market at once - with no financial or time investment by yourself. Talk about a win / win! Working with a respected and credible party can add value, reduce pricing, and enhance terms and benefits to your lease equipment needs when you need a leasing company in Canada.




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/lease-equipment-leasing-company-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

Equipment Lease Rates . How Your Leasing Company Prices Your Transaction

Get Rid Of That Clear As Mud Feeling Around Leasing Companies In Canada


OVERVIEW – Information on equipment lease rates in Canada . Knowing how the leasing company prices your asset financing transaction is a critical aspect of equipment finance success.


Equipment lease rates in Canada via a leasing company sometimes seem to provide clarity that is... well... clear as mud!

So let’s examine some key issues that allow the business owner and financial manger to achieve solid lease pricing based on the asset type and credit quality of their company. And trust us... there is a leasing solution for every type of credit quality from blue chip to ' bad credit ' scenarios.

While most business people associate the lease pricing ' only ' with the actual interest rate on the transaction

numerous other issues need to be covered off.

As a starter you need to have a good handle on what is known as ticket size in the industry. Three types of asset or ticket size dominate the Canadian industry. They are small, mid and large - no real secret there. But each of the companies that service that industry has different credit profiles that dominate how they price your transaction. Small transactions under $50,000.00 can be approved and priced within hours, rarely more than a day. Larger transactions are subject to a lot more analysis and documentation as we can imagine.

The actual documentation of each of our three ticket sizes varies and has price implications. Pricing can sometimes be affected by usage, maintenance requirements, and return language. All of these are key elements of the leasing company might price your transaction, many time with no discussion with yourself, as it affects your transaction.

Higher rates actually are many times associated with small deals, which may seem like a mystery to the business owner and financial manager. One simple reason is that while these small deals are approved quickly they have less credit due diligence associated with them - as such the lease companies have higher losses in this area - which of course affects overall pricing . If we are making one point it's simply that you need to understand which companies service which ticket size - because that is what reflects your final pricing.

Generally shorter term lease arrangements are never less than two years. That is because your lease company has also borrowed their funds, probably from a bank or insurance company, and they are striving to get a reasonable yield and profit.

Part of the whole exercise in lease pricing revolves around the ' lease vs. buy' scenario. That’s where you the business owner/manager should spend some time evaluating leasing as an alternative. If you're uncomfortable or experienced with that process your accountant or a Canadian business financing advisor can assist you in wading through cash flows, term loans as an alternate option, etc

As we said previously the business person tends to only associate the implied interest rate on the deal as the pricing determinant. But other issues to consider are:

Tax / Accounting implications
Down payments
Upgrade formulas that change the rate
Excess usage charges
Operating lease price implications

So, is it always about the ' low monthly payment '? Definitely not! Seek out and speak to a trusted, credible and experienced Canadian business financing advisor as to how equipment lease rates via your leasing company work... against you... and for you!

7 PARK AVENUE FINANCIAL
CANADIAN LEASE FINANCING SOLUTIONS AND 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/equipment-lease-rates-leasing-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

Choice In Asset Financing . Know When Leasing Assets Via a Canadian Leasing Company Makes Sense

Canadian Equipment Financing – The Choice


OVERVIEW – Information on leasing assets in Canada. Asset Financing via a business leasing company is the perfect option for the Canadian business owner /manager .


The proverbial fork in the road

when it comes to asset financing is the choice between leasing those assets or a term loan. What then is the value to choosing the alternative of the leasing company in Canada as one of those choices?

One key advantage these days is simply the fact that actual interest rates are quite low, so the Canadian business owner / financial manager can spread the actual monthly payments over a term of 2- 7 years to achieve lower monthly cash outflows - while all the same time receiving the benefits of using those newly acquired assets to generate sales and profits.

While the leasing company in Canada always touts ' 100% financing ' we point out to clients though that typically a first and last month payment is often required, which may also simply be referred to as a down payment of the equivalent amount. Bottom line, with great rates and only a nominal ' down stroke ' it's still a pretty good deal.

Competition reigns supreme for the leasing company in Canada today. While that is not necessarily good for them it’s of course great for the Canadian corporation accessing this type of financing.

In Canada the market is segmented in a couple ways - thee are bank leasing firms, as well as commercial independent non bank firms, and coming up the road quickly are what is known as ' captive ' firms which are related to or owned by the manufacturer of your asset . As a general rule of thumb captive lease asset financing is always very attractive - the captives are incented to approve more product for their owners, and they have various scheme to incent you to acquire that product - financing being one of them!

Clients will often ask us if there is in fact anything wrong with leasing assets or the alternative, purchasing them. While we feel the advantages far outweigh the alternatives to lease finance we do point out some simply basics, one being that leasing is non cancellable so you are in fact committed to the full term of the lease you have signed up for .

Oh , and about that lease - here's where the industry gets very creative in offering a solution that makes sense - either from a lease to own, or a lease to use point of view . We're referring to capital leases and operating leases respectively, and the advantages of each are somewhat different. If we had to summarize the one difference between an operating lease and a capital lease it would be simply that you have more choice at the end of the term of the lease - your firm can purchase the asset, return it, extend the lease at a negotiated amount, or in many cases upgrade the asset and refinance. Technology financing, aka computers and telecom equipment is the best example of utilizing operating lease for the use of the asset, not their incredible ability to depreciate and become outdated! ‘What ... we're not buying computer desk tops anymore?’!


So how do you determine the best choices in dealing with a leasing company in Canada? Simple. Spend some time on the basics or alternatively seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can help you meet your asset acquisition needs.

7 PARK AVENUE FINANCIAL
CANADIAN ASSET FINANCING & LEASING 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 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_assets_leasing_company_asset_financing.html

Customer Finance Programs At Zero Cost ? Lease And Loan Offers Your Clients Want Now . Achieve Leasing Company Benefits For Your Clients

Increasing Sales ? Consider a Customer Finance Program – Here’s how!



OVERVIEW – Information on setting up customer finance programs for your clients . Lease And Loan offers from a Leasing Company increases sales!



Customer finance programs in Canada, via, are you ready : your firm! Is it possible? Absolutely. And the hard core reality - lease and loan offers from your firm substantially increase sales. Just think of our auto mfr's as an example!

But do you have to be, own, or start a leasing company to offer customer financing? The answer is a resounding ' NO ‘!

Let's examine why assisting your clients with customer financing can increase sales, profits and cash flows. Talk about a triple whammy!

When you look at putting together a program for you clients based on your products and services its important to fully realize and focus on a couple key aspects - they include revenue, accounting, and cash flow implications, all of which are generally positive in nature as they affect your firm.

The good news is that once you commit to a program and work a partner firm to put your program in place you're in a position to maximize sales and reduce sales lead times in your firm.

There are of course a lot of ' technical ' aspects to running any firm that offers financing. Most clients we talk to would never want to immerse themselves in issues such as funding, credit risk, legal and documentation issues, as well as asset management.

The good news - all you have to do is find a partner who will do all that for you... the cost... nothing other than a time commitment. That’s the key reason you want to partner with a leasing company who will make that investment in time spent with your firm to set up a proper program.

In general you should want to get into offering customer finance programs for your clients as a means to reduce the sales cycle, sell more, and generate immediate cash flow on sales . Now those are things all business owners and financial managers can aspire to!

Here's an even better reason to partner with a firm who can offer your clients lease and loan offerings - YOUR COMPETITION DOESN'T OFFER THIS! If they do all you are doing is making sure the playing field is level . It's dangerous out there!

Quick example - lets say your firm offers a product/solution in the $100,000.00 range. Your client perceives your product positively when bench marked against your competition. The problem - they can't afford it or it’s not in this years ' budget ‘. (The curse of the budget!)

The solution - working with a partner leasing company you offer the client immediate delivery of your product. Furthermore you indicate they can commence monthly payments in their next budget cycle. Oh and by the way you get paid immediately on shipment and acceptance of the products.

The quick summary - increased sales, faster sales, accelerated cash flow and a happy customer. Isn't that the business nirvana

we always dream about?

At the end of the day you want to be able to offer client financing solutions that help you accelerate growth and have your firm perceived as a value added vendor/supplier - offering your clients not only your product and services but an easy method under which they can acquire them.

Speak to a trusted, credible and experienced Canadian business financing advisor who can assist you in setting up a program that makes sense.

7 PARK AVENUE FINANCIAL
CANADIAN CUSTOMER FINANCE PROGRAM 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 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/customer_finance_programs_leasing_company_lease.html

Why You Should ( And Should Not ) Lease Equipment. When Do Financing Leases Make Sense Via A Leasing Company In Canada

Lease Equipment Strategies In Canada – Is Timing Right For Your Company?



Information on the pros and cons of financing leases in Canada . To Lease Equipment may via a leasing company may, and may not always be the right decision for your firm . Here is why !


Financing leases in Canada. Should we... or perhaps we shouldn’t ... and who with... and when ... and why. Can we make up our minds here!

No one is a bigger fan of lease equipment strategies in Canada than us... when you're with the right leasing company it's a powerful double whammy of financing success. But is it always advisable to choose equipment finance, and when are there some clear disadvantages to this popular method of Canadian business financing.

Although 80% of North American firms utilize lease finance it might not always be your preferred strategy. Two obvious alternatives of course are to purchase the equipment outright, while the other options might just be a term loan strategy.

If there was in fact on perfect method of financing fixed assets, trust us... we'd be all over it. However the real world suggests that it's always about some pros and cons where you as the business owner or financial manager have to weigh in.

One of the most obvious benefits of those who have used leasing before is simply that it more efficient and less time consuming than seeking loan financing. The industry in Canada is basically categorized as ' document efficient’... smaller transactions can almost always be approved in a day or so ... sometimes within hours if you're at the lower end of the spectrum.

One other key advantage of asset finance via a lease strategy is your ability to manage what is known as the obsolescence factor. Because you're paying over time and the lessor owns the asset it becomes the risk of your leasing company when it comes to declining asset values. Most of us know that 99% of busines assets depreciate, not appreciate in value.

One solid example of the whole issue of obsolescence is the technology area. Whether its computers, software (yes software and software licenses can be financed) and telecom equipment are prime examples of expensive higher ticket items that can lose their value almost overnight given changing technologies. So to pay for them in cash or to lock into a term loan that has no flexibility is simply... not recommended!

Many companies in the manufacturing sector rely on production assets to run their company. These quite often need to be upgraded, if simply for the wear and tear aspect something mechanical. So the idea of flexibility in a lease to return, upgrade, trade in, and then refinance is a highly sought after financing strategy in Canadian business.

Not all fixed assets that your company needs will be needed for a long time... in some cases they may even be project oriented. That’s when a shorter lease term with an aggressive depreciation policy makes solid sense.

That’s just a couple advantage of leasing in Canada. But should you always be using this option? We do like to present a balanced picture!

If there are situations when you can maintain residual upside in the value of the equipment or asset (perhaps your company jet?!) then by all means consider an operating strategy or a term loan scenario.

Also, if you are in a position to pay cash and not hinder your overall cash flow situation then there is some accounting and cost advantages to outright purchase.

So, bottom line today? It's simply to manage and understand the weight of evidence that come with any lease vs. buy strategy.

Need help? Speak to a trusted, credible and experienced Canadian business financing advisor today for your lease equipment needs.

7 PARK AVENUE FINANCIAL
CANADIAN LEASE 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 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_company_lease_equipment_financing_leases.html

The Greatest Question Ever Asked About Canadian Equipment Finance and Leasing Companies - Let Your Company Join In!

It was a September night in 2002 - I will never forget it... the clouds rolled in ominously from the mountains as we drove... I strained to see the lights of home in the distance. Holley, my stepdaughter, 7 years old at the time turned to me and said ' I don't understand rent ‘. Wow I thought, great way to phrase that one! It's a true story. (Editors note - the clouds weren’t really ominous - he is using literary discretion)

Fast forward... 2011. Her better question today might be ' I don’t understand why hundreds of millions of dollars of equipment finance occurs every year in Canada.

Well if you didn’t know we're about to share that , and more importantly focus on highlighting some key issues around why all your competitors utilize equipment finance as part of their overall business strategy . And also, once we get you to ' buy in ' to the subject then we'll show you where to find the leasing company that works for you, not against you.

So why do start up, small and medium sized firms, and mega corporations utilize equipment finance companies to procure and finance their assets. One key reason is the emphasis placed these days on working capital. To finance the type of capital expenditures you need to stay ahead of the Jones’s (that’s your competitors by the way) you need access to credit and capital. And that capital varies in size, that’s the true beauty of equipment finance - it covers a 5k photocopies to a 20 million dollar aircraft.

And yes, it’s a free country, so feel free instead to dip into your operating line of credit of wait for A/R to be collected to acquire these much needed assets - but we can assure you the rest of the world instead has opted for equpment finance as an acquisition strategy. A harsher reality is that if you are a smaller company or start up you can't or don’t want to dip into additional equity for much needed new assets.

We will never not say the bank wont finance your equipment - but that financing, just to be clear becomes a term loan , and further ' complicates ' your banking arrangement , potentially adding new covenants, new collateral required, and diminishing the ability to get more working capital and cash flow down the road, when you need it .

So is there a real benefit in creating a ' relationship ' with either trusted Canadian equipment financing advisor or a leasing company directly?
Again, the ' ayes' have it; we absolutely feel that’s the case. Why? You benefit from the advice, counsel and structuring that can save you hundreds, thousands, or tens of thousands in financing costs, option flexibility, and tax benefits. Those are real world dollars we are talking about.

In fact, many clients opt to set up a lease line of credit, utilizing either capital leases or operating leases on an ongoing basis for asset or technology turnover. That’s when you have totally bought into the concept of lease finance. It in effect becomes your long term stated asset acquisition strategy.

How do you identify the best advisor or leasing companies to work with? Look for specific experience, credibility, references, and a track record of matching your equipment finance needs to rates, terms and structures that make sense.

--


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 50 Million $$ of financing for Canadian corporations .Info re: Canadian business financing & contact details :

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

Avoid Missing Out On Finance For Lease Benefits When You Choose The Right Leasing Company

Is it possible to get all the right finance for lease benefits in place with one leasing company ? That might not necessarily be the case, but the reality is that if you know the right questions to ask and which partner firm to work with you should be in a great position to maximize on benefits that makes sense - for your firm!

Your business, when it comes to leasing equipment, is not a lot different than many of your competitors. It's actually quite simple - you want good service, a competitive rate... (Notice we say ' competitive ‘... more on that later ) and prompt approval. We are dismayed when clients tell us of previous experience in getting a lease approved - in our perspective this should takes days, not weeks and months as some clients have experienced in the past .

Let’s get back to that whole issue of pricing - we mentioned a ' competitive ' rate. Our problem is that our clients are always focusing on the absolute best rate and tend to miss out on some of the obviously other advantages that they should instead be focusing on. These other advantages might include lease documentation simplicity, end of lease renewal or buyout options. Ability to upgrade during the term of the lease, etc.

So, yes we agree that you don’t want to pay the highest lease rate in town, but the reality is that finance firms have to stay competitive in business - and guess what... want to know another secret? It’s simply what we have shared with clients for years, in that they get to pick their own rate when looking for a lease company and finance for lease benefits that makes sense.

What?! Asks the client. What could we possibly mean by that? Well it’s simple actually. Your pricing and approval are driven by credit quality in lease financing in Canada. So if you can demonstrate your credit quality, and you choose the right lease partner relative to deal size, type of asset you are financing, etc then, guess what, we can pretty much guarantee that you can have an important say in that final rate . Again, if it’s just 'rate ' that’s important, and it shouldn’t be!

We talked earlier about your company being in the same boat as your competitors when it comes to lease financing - we do acknowledge though that every firm is different in some manner or respect, so if you do have specialized needs on types of assets to finance, customized solutions, cash flow flexibility needs, etc .. Well then of course you need some extra help.

Speak to a trusted, credible and experienced Canadian business financing advisor who can make sure you are comfortably with the right partner leasing company and that the finance for lease benefits you are looking for is achievable.

-

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 50 Million $$ of financing for Canadian corporations .Info re: Canadian business financing & contact details :


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

Is a Leasing Company Your Best Choice For Business Equipment Financing – Choose Business Leasing That Makes Sense !

Common sense financing, fast approvals and flexibility that makes perfect sense for your firm - that’s why when you want to lease business equipment a leasing company is your best choice for business leasing financing.

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. Lets recap them - technological obsolescence protection, accounting benefits, cash flow management, potential tax savings, the right to own or not own the asset at the end of the lease, convenience, ability to match the asset financing to its useful economic life, quick credit approval ( boy do we like that one !) and finally often a lower cost and cash outflow .

Whew! That was a mouthful of reasons. Let’s circle back on one of those benefits, the issue of a prompt credit approval.

Canadian business financing got really challenging in the last couple years. Traditional financial institutions that funded equpment such as banks and insurance companies quite frankly simply stopped funding your business leasing needs. The leasing company you probably worked with also borrows, just in case you didn’t realize it. Somehow we all survived and as we head into 2011 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 . Equpment 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 , cant we?!). Our point is 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 matched with the leasing company that suits your needs.
-

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 6 years - has completed in excess of 50 Million $$ of financing for Canadian corporations .Info re: Canadian business financing & contact details :


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

5 Tips For Selecting The Right Leasing Company For Your Equipment Finance Needs

Partnering is more often than not the right thing. Bad partnerships don't work and can adversely of course affect your business. That’s why it is so important to select the right firm to originate your equipment finance needs.

The right leasing company on a long term basis will ensure that you are investing properly in the assets you need to run your business for your customer base.

Let’s look at 5 key tips we can provide you to ensure you are putting the right financial strategy in place around asset acquisition. Successfully working and negotiating through these tips with the right leasing partner guarantees you business equipment lease financing success.

Its all about getting approved of course , and getting an approval quite frankly is the biggest decision your lessor has to make around the transaction - that approval can be significantly influenced by yourself - it is important to present both the positives around your firms financials, as well as the challenge you may have, or may be facing,

Chance of getting approved is significantly reduced if negative information about your firm or its financials arises after your submission. Factors that affect your approval are your time in business, your ability to have sourced financing in the past - i.e. other lessors, banks, etc. Other key areas of focus are trade references and the ability of the owners to demonstrate they run their personal lives in a fiscally responsible manner also. This is usually accomplished by the lessor drawing a credit bureau report. On transactions over 50,000.00$, as a general rule financial statements are required, and areas of focus will be your overall balance sheet health and the ability to generate positive cash flow to repay the lease .

Lets move on to rate, we are never under surprised with how much our clients focus solely on rate and their ability to drive down the lessors yield . In Canada leasing equipment is very competitive, and all we can say is that if you have presented your financials properly the market will ensure you have a competitive rate. Naturally you can spend all the time in the world securing a ' better deal ', but consider management time and total savings. A quick example: If you leased a 75k piece of production equipment and were quoted a rate of 10.25% and you spent a lot of time in sourcing another quote, re submitting your financials to a new firm, etc , and got a rate of 10.00% you would be saving twenty dollars a month. We'll let you decide the value of your time.

We have covered off credit approval and rates, Documentation are important also. You should be prepared to provide a proper invoice or quote to the lessor, as well as a certificate of insurance. The equipment lease and your acceptance of delivery are key to the lease commencement. Smaller transaction in Canada has been greatly simplified, so you should typically be provided with a one or two page lease agreement. Larger transactions are of course more complex.

The type of lease you choose and your analysis of the lease versus buy decision is also a key area of focus. Look at your cash flow Vis Vis payments you will make on a lease versus a loan basis. As a general rule leasing tends to be more expensive, but is easier to obtain and is less of a drain on your cash flow.

Two is the magic number. There are two types of leases you should inquire about, a full payout capital lease, as well as an operating lease where use of the asset is more important than owning the asset.

Your overall lease financing decision should be focused on a very simple question - namely:
- is the asset acquisition important to your business profitability and productivity. If new assets and proper financing position your business for competitiveness you have made the right financing decision.

We have covered off 5 key areas in the selection of a leasing company in the equipment finance area. If you find the information and the challenge overwhelming speak to a trusted, credible and experienced business financing advisor who will help you achieve lease financing that meets your goals.