Government Business Loans In Canada . What’s The Big Deal

Your Personal Guide To Government Business Loans In Canada

OVERVIEW – Information on government business loans in Canada. Who runs this program and what does the Canadian business owner /entrepreneur need to know about the ‘SBL ‘ Loan







Government Business Loans in Canada don't really come with a guide and roadmap; and yes we do think the program is a ' big deal'

when it comes to business financing in the Canadian marketplace. Let's dig in.

Industry Canada

is an agency of the Canadian federal government which is charged with administering the Small business loan program in Canada. The program provides financial assistance, via a loan guarantee to your bank. It's a solid program for start up and small businesses - and the program actually defines ' small ' as those firms with real or projected revenues of less than 5 Million $.

One of the true revelations to many client we speak to about the program is that the governments only role is as the guarantor of the loan - institutions such as our Chartered banks run the program on a day to day basis . That's good news and some bad news

as we'll reveal later here.










Guidelines for ' SBL ‘(that’s the common acronym for the loan) loans are pretty clear. The program financing limit is $350,000.00 and finances only two asset categories - equipment and leaseholds.

Rates of the program are very attractive given that the credit profile of the borrower is such that traditional bank financing cannot be achieved. (Actual rates of the program are 3% over the current prime rate)

Borrowers are responsible to guarantee 25% of the loan personally; given that many forms of Canadian business financing require a 100% owner guarantee or outside collateral this is clearly a very attractive component of the SBL loan. Again, to be clear here, the bank grants and administers the loan, the government is the guarantor for the bank.

Previously we noted that there is some ‘bad news’ around Canadian chartered banks administering the program. In our experience many bankers are either unfamiliar with the program, and if they are they view the transaction as a ‘make work’ project. Our recommendation? Find a banker or business financing advisor that can fast track the program with a knowledgeable banker. Problem solved!

Many clients we meet initially have a strong perception that the application process for government business loans in Canada is cumbersome. Everyone has an opinion, but we strongly feel that's not the case. The only key components of the loan application are a personal net worth statement , a business plan or executive summary, a premises lease for your business location, and a list of items you wish to finance that reference the cost, mfr/supplier, etc. Surely that can't be construed as cumbersome!

By the way, it’s important that your business plan/exec. Summary include a good cash flow statement that shows how the loan is going to be repaid. Also, business people should understand that it is highly desirable to have some relevant business experience within the industry that you are in. Start ups take note!

Typical loan terms for the government loan are 5-7 years - Any shorter term than that is also appropriate. The government charges a one time 2% fee for the loan and we would add that this is often simply built into the overall financing/monthly payment. When properly structured there are no prepayment issues, which is another attractive part of the program; Many other types of business loans and leases penalize the borrower for repaying early. The SBL program does not do that.

When you recap the overall benefits of the SBL loan it's clear you might now agree with us that the program is in fact a ' big deal '. Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can be your personal guide to Government business loans 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 :


7 Park Avenue Financial = Canadian Government Business Loans 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
Phone = 905 829 2653



Email = sprokop@7parkavenuefinancial.com

Stan Prokop

Getting Debt Financing Right Doesn’t Have To Involve Crazy Risks: From Short Term Loans To Asset Finance Monetization

The Hunt For Debt Financing In Canada

OVERVIEW – Information on debt financing in Canada . From short term loans to revolving credit facilities Canadian entrepreneurs and business people seek finance solutions that will work for their needs



Debt financing in Canada , whether it's short term loans, asset financing, and other traditional and alternative finance forms requires some solid understanding of who's involved and what's involved. Let's dig in.

Business owners and financial managers feel a lot more comfortable taking on debt ( versus raising equity ) when they understand they have negotiating ability while at the same time recognizing that are terms and other requirements that come with debt.

As we have noted debt is the opposite of your other form of capital - that's equity of course. While no one form of financing is all perfect all the time debt finance via short term loans, etc has significant advantages. The bottom line on that is, of course, that using debt properly allows the owner /manager to grow the company with appropriate leverage.

And that's without giving up the ownership you forsake in considering equity dilution.

When looking at a debt solution one other advantage is that there is always and end in sight via repayment, cash flow assessment, etc - again our bottom line is you can plan on retiring debt a lot more easier than equity takeouts.

One solid way for the business owner/financial manager to look at debt asset finance solutions is to assess them from the point of view of restrictions - i.e. what they can and can't do by utilizing the covenants and ration requirements that come with any single form of debt - for example a senior term loan with a bank.

We're big supporters of hybrid type solutions; one good example is asset based lines of credit that may or may not contain a term loan component. While you do take on ' debt ' at the same time you have corresponding assets such as inventory, equipt. and receivables that offset the entire obligation. Some owners might even agree to a small equity component to a debt deal that makes sense for their business. In corporate terms this is known as a warrant / option, etc.

While debt financing can be secured or unsecured. Whatever the case it's always going to come down to your cash flow - historical, present, and thank god... projected! That cash flow will often be the key component in the bank or commercial finance company's decision to grant business credit. If debt is unsecured we can only say that the ownership/management better be able to prove good credit quality. Unfortunately unsecured debt typically is only being achieved by firms with great combinations of cash flow, clean balance sheets and healthy profits.

Canadian firms who can accurately demonstrate and project sales, asset quality, and turnover of current assets are always in a better position to take on any form of business debt. The lender will of course make their own assumptions on the quality of your overall business credit situation.

If we had to identify one mistake our clients often made it's that they chased the wrong financing sources for the type of debt or asset monetization they really need. Talk about a false start

in business that's both expensive and time consuming.










If you want to isolate the identify the types of debt financing via short term loans or other methods of business finance seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your finance 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 ? :


7 Park Avenue Financial = Canadian Debt Financing Solutions






CONTACT:

7 Park Avenue Financial

South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8

Phone = 905 829 2653


Email = sprokop@7parkavenuefinancial.com

Stan Prokop

Financing Two Of Canada’s Tax Credit Programs: We’ve Got It Right In Film and SRED

Hard To Believe ? Tax Credits Can Be Financed!

OVERVIEW – Information on financing tax credit programs in Canada. Here’s Why You Need To Consider SRED and Film Financing for cash flow and working capital !

Financing tax credit programs in Canada. Whether its SR&ED R&D credits or the much more sexy ' film, TV, transmedia' credits it’s always a surprise to us that the actual users of these two Canadian programs don't always know, or consider that claims under these two programs can be financed. Let's dig in.

Any country, Canada included typically has some sort of generous and often well used non repayable credit (which can be monetized/financed) All sorts of Canadian government programs, grants etc are available - two of the most popular ( and financed by the way ) are ' SR&ED" and ' FILM'.

Numerous aspects need to be considered to successfully complete a claim, and finance it under each program. Let's discuss a couple of aspects and also identify some key similarities in the way in which these programs can be financed for cash flow and working capital.


SRED:

Canada’s Scientific Research and Experimental Development Program (S R E D) provides Billions of dollars of funding for research in Canadian industry. Despite a handful of what we can call key changes to the program claiming ' SRED’, (including a recent nationwide focus to validate the value of the program) thousands of Canadian businesses, including your competitors, file claims. When it comes to R&D claims its all about the technical aspects of your claim.

That's where the role of the preparer, known as the ' SR&ED Consultant' plays a key role. They prepare claims for you in one of two manners - they will prepare the claim for free at their cost, and charge what’s known as a contingency fee if the claim is successful. That has tremendous appeal to business owners, as the fees of 15-30% of the claim (that’ a typical range) are only paid if the claim is successful and your funds are received.

Note – You can of course pay a straight fee to prepare the claim, which will almost always be less then the contingency fee . Considerations are : CASH OUTFLOW / RISK .

Financiers of your claim will in almost all cases take a look at who is preparing your claim. If it is done by a legitimate recognized consultant with a track record naturally financing that claim becomes much more easier , because in SR&ED tax credit finance the main collateral for the loan is of course ' the claim '!

There's a lot of discussion in the industry these days, including the government around SR&ED consultants disclosing their fees - one concern being that high fees destroy the true spirit and effectiveness of the program.

We'll avoid those arguments and simply say that financing a legitimate and successful S R E D claim provides your company with cash flow and replenishment of research activities.


FILM/TV/ANIMATION:

The history of tax credit financing in the Entertainment industry has revolved around different cycles where the players and the programs change. Canada is now widely known for having a robust and generous tax credit program - with credits that are financeable in the same general manner as our aforementioned SRED claims.

So while the producer owner of Canadian content runs around town chasing private equity, hedge funds, and other ' alternative ' methods of financing projects one thing is always for sure - The film tax credit component will always be there to complete the funding cycle . It's more often than not the ' sure thing' component of the total capital plan for any project in film, animation, and television.

Firms that finance the tax credits, some Canadian banks included, like the tax credit programs because they reduce the risk of projects having to become commercially successful. After the 2008 economic collapse all media financing, as in other industries, became more difficult. However financing tax credit claims continues to remain a stable component of the capital structure of any project.

So while senior debt, ' gap' financing, advertising dollars, and pre sales all are challenge producers always know that a key component of their financing, the tax credit collateral is going to be there. Our Bottom line ' It's great to have a ' hit ‘, it's even better to have a tax credit'!

Tax credits in these programs are a combination of federal and provincial credits which can be monetizing after (or in some cases during) your projects. It's all about Canadian content and Canadian spending. The two types of credits are the CPTC and the PSTC. A significant amount of labor and production spending can be claimed.

Similar to the role of the ‘ consultant ' in the SR&ED program the most effective claims in media tax credits are prepared by Film tax credit accountants who specialize in maximizing the value of your claim.



Financing tax credit programs in film and SRED is not complicated. A simple application process exists for each type of claim. Financing, typically by a non bank finance firm is structured in the form of bridge loans. No payments are made until the government funds are received. Advances of 70% of the value of your claim are a typical range you can expect for either genre of tax credit.

Yes, believe it,

SR&ED and film tax credits can be financed - they provide Billions of dollars of funding each year. If you want to 'get it right' in financing your claim seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with the financing of your claim .




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 = SR&ED And Film Tax Credit 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

Phone = 905 829 2653

Email = sprokop@7parkavenuefinancial.com

Stan Prokop

Sale Leaseback In Canada: Truth And Consequences Around The Equipment Leasing Company Reverse Solution

5 Reasons To Consider A Sale LeaseBack In Canada

OVERVIEW – Information on the sale leaseback in Canada. How does the equipment leasing company or commercial lender provide such a solution and what are the benefits?




A Sale Leaseback financing strategy is one of the more unique methods of replenishing your capital and cash flow. Let's examine the truth and consequences

of this business finance strategy, as well as some important considerations. Let's dig in.

Not all Canadian business owners and financial managers are aware of this somewhat unique strategy. At it's essence it's very simple. You are taking an asset you own and in effect ' selling' it back to the Lease Company or commercial finance firm. That entity then ' leases' it back to you via one of three finance vehicles:

Capital Lease
Loan/Bridge Loan
Operating Lease

What then are the 5 reasons that the business owner/manager rationalizes to consider such a transaction. They are as follows:

1. A need for working capital

2. A quicker way to raise cash as opposed to taking on new debt or considering additional equity

3.The unique need to both still use the asset in question as well as to maximize its value to your firm

4. To manage certain debt/equity relationships on your balance sheet

5. Maximizing your ' R O A ‘- (return on assets)


As we noted our described financing has both some consequences and considerations. Naturally the equipment leasing company or commercial finance firm must properly document the transaction from a legal and contract perspective. That's actually a fairly simple matter.

But one other consideration is the accounting treatment of your transaction, often overlooked in the early stages of the owner/managers consideration of a leaseback. You need to discuss, and consider the balance sheet and income statement effects of treating the lease back as either a capital lease or an operating lease.

For example, it might be recommended that you do an ' operating lease ' - in that case your income statement needs to reflect either the gain or loss on the value of the asset or assets in question. (Yes Virginia, some assets actually increase in value on occasion). Company owned real estate is a good example. More often than not we recommend Capital (lease to own) Leasing strategies when implementing a sale leaseback, if only because the accounting, tax and cash flow reporting consequences seem to be a bit straight forward.

We haven’t mentioned your firms ' CASH FLOW STATEMENT ' when it comes to a sale leaseback, but typically your accountant will recommend (or insist!) that your cash flow statement show the leaseback as a Financing inflow on your financials.

People are always going to have ' questions ' and ' issues' with a sale leaseback.

This is everything from a lender viewing it negatively as a cash grab, your accountant raising tax , balance sheet and reporting issues, etc. Nonetheless it’s a proven and often used financing strategy to enhance cash flow while keeping an asset you want to keep, or need for that matter.

Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you in the ' truth or consequences' aspect of Sale leaseback financing.



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 = Sale Leaseback Financing Expertise

Stan Prokop

Secured Business Loans In Canada. Here’s The Simple Math And Reality Behind This Business Financing Staple

Why It Pays To Understand Secured Loan Financing In Canada


OVERVIEW – Information on secured business loans in Canada. Business financing solutions revolve around secured or unsecured lending and here are the differences




When it come to SECURED LOANS in Canadian business financing it is all about matching the right type of financing to two important aspects of your business - your assets, or your cash flows. Naturally the ' cash flow' or repayment of loan also ties back into the amount of financing your firm might be eligible for.

Secured loans represent a critical aspect of your overall ' capital structure ‘, namely how you address the issues of how much debt and how much equity in your overall finance strategy. Hopefully you have a strategy! Let's dig in.

In certain cases the business might also want to address multiple sources of debt, theoretically all of which can be properly secured.

Corporate asset type secured loans typically come with a fixed interest rate, so it's no surprise that in our current low interest rate environment there is that advantage to consider when assessing taking on debt.

Although lenders in Canada don’t traditionally think of secured loans as being made to ' INVESTMENT GRADE ' companies the reality is that these loans are secured by the underlying assets of the company. So if your firm is in the unfortunate position of defaulting on the loan the collateral is of course the underlying asset.

While Canadian business owners and managers might think of secured loans as ' FIXED TERM LOANS' they can also be bank business lines of credit, or non bank asset based revolving credit facilities. And not to make things more complicated, many firms take advantage of both a term loan as well as a revolving credit line, both of which are ' SECURED'

While asset based secured loans revolve around ' cash flows’, the actual secured credit line facilities are based on simple margin borrowing of current assets such as inventory and receivables .Using A/R as an example a Canadian chartered bank will provide a secured credit facility on 75% of your outstanding receivables that are less than 90 days old. The non bank credit line will typically allow this margin borrowing go up to 90%, providing 15% more overall liquidity to your business.

In certain instances companies might be eligible for secured' cash flow loans'. Typically priced in the low to mid teens, these loans are often a secured 2nd position collateral registration against your assets, and the total focus of these loans is your cash flow generation abilities. Depending on your firms overall credit quality and debt to equity pricing will also vary based on current rates and underwriters risk assessment.

When it comes to SECURED BUSINESS LOANS in Canada its all about, unfortunately, ratios and covenants. Certain calculations, traditional in nature, will be made to assess the overall financial health of your business.

Typically these ratios are cash flow coverage and debt to equity, as well as overall ' quality' of assets of the business.

It's important to understand the differences around SECURED and UNSECURED loans when it comes to Canadian business financing. 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 finance 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/secured-business-loans-business-financing.html






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

Phone = 905 829 2653



Email = sprokop@7parkavenuefinancial.com


























Stan Prokop

Erasing The Challenge Of Start Up Capital Financing In Canada : Some Deep Learning On Business Loans

Pleading Innocent On Knowledge Of Start Up Financing Strategies?

OVERVIEW – Information on start up capital in Canada. Financing a new venture via business loans and other sources is a constant challenge for the Canadian entrepreneur




Start up capital in Canada often presents a combination of challenge and mystery when it comes to financing business loans in the early stages of a business. Are you pleading innocent on that subject? That doesnt need to be the case. Let's dig in.

Very few businesses in Canada can be started without financing of some sort. The wrong amount of capital is one of the major causes of business failure, especially when those sales don't materialize

that were part of your revenue forecast.

So what is the exact amount of money needed to ensure the business will have a legitimate chance to flourish. In financial terms you want to be able to both identify (and then reach) your ' BREAKEVEN POINT’, which, simply speaking is the point where you're covering your expenses and profits are in sight.

By the way, we'll forgo talking too much about cash flow today, but we'll just point out that revenues and profits don't equal cash flow, but that's a subject for another day.

So, back to our quest for capital. Some key considerations for the owner/entrepreneur include:

What does the business plan identify as the need for opening capital on the balance sheet as well as ongoing working capital line of credit needs?

What amount of financing will come from you, the owner?

What assets are required- How will they be acquired (i.e. cash, financing, leasing?)

Are their possible partners in the venture, silent or otherwise?

Will the owner’s personal credit history impair the ability to get all the financing they need

One issue that will quickly come up if the entrepreneur is considering a partner, silent or otherwise , is the fact that giving up a lot of ownership in the business in such an early stage is a costly idea - and that assumes you've got a partner you like and can work with!

Proper debt financing, structured with finance that makes sense is a solid solution to maintaining your ownership equity and realizing future returns on your initial investment based on the growth and success of the business

Also, raising money from outside investors has a lot of potential legal obligations to it, many of which aren't often properly considered by the budding entrepreneur

Personal savings are a touchy subject when it comes to financing your business. Most business owners are reluctant to put up savings and their homes. . We also caution clients to not mix their personal and business credit lives to the extent they can.

So what exactly are the sources of capital for start ups in Canada?

They include:

Lease financing, which is available for start ups by the way

Government business loans - The SBL/CSBF loan can provide 350k of business capital to acquire assets, leaseholds, technology, etc - Key benefits = low personal guarantee, not outside collateral required, solid rates and terms , early pre-payment privileges, etc

Receivable financing

Monetizing your SR&ED tax credits if you’re using this program

Cash term loans from the government crown corporation bank

In exploring all those options you should know the lender/lenders will focus on your experience, the cash flow forecast, and your personal credit history

Don’t plead innocent on start up capital financing alternatives in Canada. Seek out and speak to a trusted, credible an experienced Canadian busines financing advisor who can assist you with business loans and asset monetization that makes sense for your startup success.

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 = Start Up Capital Financing Expertise in Canada


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

Phone = 905 829 2653


Email = sprokop@7parkavenuefinancial.com

Stan Prokop

Your Business Leasing Options Just Might Require An Extreme Makeover : Equipment Lease Options In Canadian Asset Finance

6.5 Things You Need To Know About Equipment Leasing Options In Canada

OVERVIEW – Information on equipment lease options in Canada. Business leasing success via asset finance solutions requires that you know the following!




Equipment lease options in Canada are abundant these days; but do the business owner/financial manager know how to assess those options and, as importantly focus in on areas that deliver maximum benefit to your particular situation. Let's dig in.

While not always the case many companies consider their situation unique when it comes to the type of assets they finance, and the terms and structure they demand to maximize business leasing asset finance effectiveness.

A simple yet effective way of managing your lease transactions is to focus on the 6 (more about that .5 later!) Parts of any lease transaction to ensure your individual lease or long term finance strategy melds with what you are trying to achieve.

What are those 6 elements?

Amount you are financing

The amortization or term of the lease

Monthly payment structure

The interest or financing rate implicit in the lease

End of term obligations

Misc fees

In Canada the lease financing industry finances hundreds of billions, probably billions of assets every year. The spectrum couldn’t be broader - it ranges all the way from ' micro leasing' in the amounts as low as 5k to transactions for equipment, machinery, aircraft, in the tens of millions. No dollar amount is unfinanceable if the asset and general credit quality qualify.

Who you finance those assets with often play into the amount you are financing. Your choices are commercial independent lease firms, captive finance companies associated with large mfr's, and even our Canadian chartered banks currently service asset business leasing via niche subsidiaries or divisions they set up.

Business owners can waster a lot of time 'barking up the wrong tree'

when it comes to choosing your lease financier. That's because the business owner /manager doesnt understand that lease company’s arent all things to all people - as isn’t your firm also by the way! So they focus on specific assets, deal sizes, credit quality, and in some cases geography they serve. In certain cases they can even be subsidiaries of U.S. firms doing a lot of business in Canada.

Amortizations in Canada typically run 2-5 years - that term is often driven by the monthly payment your firm requires, as well as tying in to overall asset quality .

Monthly payments have maximum flexibility when it comes to business leasing of assets in Canada. Depending on the type of lease you choose (‘capital lease to own', or operating 'lease to use’) almost any payment structure can be utilized to maximize your firms particular cash flow situation.

Interest rates in Canada, when it comes to lease financing revolve around asset quality and credit quality. Typically both come into play when your lease request is being adjudicated. All credit situations can be financed in Canada - it’s a function of structuring the transaction to ensure the lessor has a reasonable expectation of getting paid.

While the majority of Canadian business owners and financial manager’s focus on getting a lease approved and started they often forget what happens at the end of term. Those considerations include returning the asset, upgrading, extending the lease, or finalizing ownership.

Don't forget the end of the lease obligation!








In some cases misc fees should be considered as part of your overall strategy. They might include appraisal fees on used equipment, down payments, security deposits, and misc admin costs related to lessors registration of the asset.

That’s our 6 point recap. But didn’t we say there were 6.5 considerations? That .5 could be your ace in the hole , as we're referring to your potential to seek out an speak to a trusted, credible and experienced Canadian business financing advisor who can assist you in maximizing business leasing effectiveness for your firms asset acquisition strategy.


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 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

Phone = 905 829 2653



Email = sprokop@7parkavenuefinancial.com

Stan Prokop