Our blog highlights Canadian Business Financing solutions via receivable finance , equipment finance, working capital financing, asset based lending, business acquisition financing,franchise finance, and tax credit monetization via SRED and Film Tax Credits. Our goal is to educate and assist Canadian businesses with their financing needs. You Are Looking For Canadian Business Financing! Welcome to 7 Park Avenue Financial Call Now ! - Direct Line - 416 319 5769
WELCOME !
In 2004 I founded 7 PARK AVENUE FINANCIAL. At that time I had spent all my working life, at that time - Over 30 years in Commercial credit and lending and Canadian business financing. I believe the commercial lending landscape has drastically changed in Canada. I believe a void exists for business owners and finance managers for companies, large and small who want service, creativity, and alternatives.
Every day we strive to consistently deliver business financing that you feel meets the needs of your business. If you believe as we do that financing solutions and alternatives exist for your firm we want to talk to you. Our purpose is simple: we want to deliver the best business finance solutions for your company.
Thursday, September 4, 2014
Working Capital Cash Flow Financing With No Expiration Date For Canadian Business Solutions For Your Company
Looking For Solutions To A Creativity Deficit In Your Cash Flow Crunches?
OVERVIEW – Information on available solutions for the working capital cash flow financing crunches faced by Canadian business owners and financial managers
Working capital cash flow financing challenges, we've found. create huge ' Creativity Deficits ' in the minds of Canadian business owners and financial managers. They tell us they are constantly looking for a finance solution that doesn't have an ' expiry date ‘! We're happy to share some of those solutions. Let's dig in.
If you think when you're watching the business news that only large corporations are addressing cash flow issues imagine what the SME Commercial companies in Canada must address. How does the business conserve cash and arrange financing that is ' evergreen ' in nature - allowing you to utilize assets and sales to cash flow your operating and growth needs.
Business people get working capital and cash flow mixed up a lot we have found - your day to day working capital is made up of your investment in A/R and inventory and at the same time recognizes accounts payable. Poor payables management often destroys key supplier relationships.
It's important to use your cash flow for the right types of financing - you should be utilizing equipment leases for assets that have a longer economic life.
Don't forget also that existing assets can be refinanced via sale leaseback strategies, bridge loans, or refinancing of any of your company’s commercial real estate - even 2nd mtges can bring additional capital into your business. Government guaranteed business loans can help finance leasehold improvements and fixed asset needs - rates and terms are excellent - commensurate with the same financing the ' big boys ' access.
The ultimate short term financing tool for any business is a commercial business credit line. Banks do that best, and the lowest cost. Problem - not every business qualifies with demanding criteria such as high owner net worths, personal guarantees, debt and cash flow covenants that meet bank standards. While banks have the lowest cost of capital, as well as ample capital not everyone qualifies.
The solution for not qualifying at the bank? The good news is multiple sources of short term financing exist:
Non bank asset based lines of credit
Inventory financing
Refundable tax credit finance loans ( SR&ED Credits )
A/R Financing (We always recommend CONFIDENTIAL RECEIVABLE FINANCING) Here you bill and collect your own receivables with no notification to suppliers, clients, etc. You control cash needs and flow.
Remember also that a company can inject ' permanent working capital ' via a working capital term loan. It's simply a cash flow with fixed repayment terms. That solution brings debt onto the balance sheet though, and is very different from ' monetizing ' assets such as A/R, inventory... and equipment. Naturally bank and working capital term lenders also like to see healthy owner injections of capital - which is not always possible our clients tell us! The two main criteria for working capital loans are a good cash flow ratio and reasonable debt/equity.
We're always amazed at business owners or their managers who are running significant businesses without proper planning using things such as a simple cash flow forecast. One famous saying tells us that ' revenue is vanity, profit is sanity, but cash flow is king '!
Never forget also that it's not just access to the financing solutions we've mentioned that bring true cash flow success - you must turn inventories, grant prudent credit.
Those basics will allow you to foresee potential ' bulges' in cash flow needs and have better negotiating leverage with your bank or a commercial finance firm. Seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
who can put you on track to permanent solutions to Canadian business financing challenges.
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 :
http://www.7parkavenuefinancial.com/working-capital-cash-flow-financing-solutions.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
Direct Line = 416 319 5769
Office = 905 829 2653
Email = sprokop@7parkavenuefinancial.com
' Canadian Business Financing With The Intelligent Use Of Experience '
Stan Prokop
Tuesday, September 2, 2014
Confidential A/R Financing : The Ultimate Cash Flow Tool From A Receivables Factoring Company
Here’s A Method Of Financing Receivables That’s The Perfect Alternative
OVERVIEW – Information on confidential A/R Receivable finance solutions in Canada - Business owners and financial managers can access a factoring receivables company solution and one of those works best
Factoring receivable company solutions provide some of the most numerous and accessible methods of cash flow financing needs in Canada. One of these solutions (we think) is better than all the rest but not necessarily known to Canadian business owners and their financial managers. Why does this specific type of financing deliver, and why is it different and better? Let's dig in.
The goal of any company, whether it’s a start up, and SME commercial or large corporation is to maximize cash flow for operations and growth. Hopefully along the way prudent mgmt will also call for low or acceptable bad debt losses!
When companies of any size and type can't access traditional bank finance for business lines of credit they look for an alternative; in recent years that alternative has become ' factoring ' or receivables finance.
We're quite sure it's not intentional but the industry does an interesting job of sometimes confusing business owners/managers seeking factoring around issues such as cost, how things work, documentation, being locked into a contract , etc . So when it comes to cash flow/working capital financing its prudent to know who you're dealing with and what works best for your business/industry.
Any firm that sells on credit and has business or govt clients can access an A/R finance solution. Different industries have different needs and client profiles when it comes to A/R. Verticals such as staffing co's, trucking firms, wholesale distributors to ' big box ‘stores, etc have different clients that have different payment terms, of they simply take different payment terms!
Probably the most common use of A/R financing solutions is simply day to day operations and growth. But did you realize that a solid account receivable finance solution also can be a key component in several different categories of need:
Introduction of new products / services to Canadian or U.S. clients - larger orders/contracts
Seasonal bulges in sales/financing needs
Start up financing
Buyout/acquisition strategies
We referenced a Canadian/U.S. customer base - some of our clients sell outside North America and in that case receivables can be financed but are sometimes required to be insured - in fact almost always if that’s the case!
So what in fact is our recommended solution? It's CONFIDENTIAL RECEIVABLE FINANCING NON NOTIFICATION FACTORING. Under this solution your firm bills and collects it's own receivables, has access to immediate cash from all the sales you make , and if you have the right facility in place your rates are competitive and you are not locked in to ' contracts '.
Day to day operations of a CONFIDENTIAL A/R FACILITY is a very simply process. As sales are generated (if you choose) you can access immediate financing for 90% of the sales invoice amts. The balance is credited to your bank account when your client pays, less a financing charge that is competitive with any type of factoring service.
If you are looking to solve cash flow challenges, accelerate business growth, maintain supplier relationships , and take on no new debt a factoring receivable company solution, done right , will give the right amt. of capital when you need it .It's your version of the ultimate business credit line .
To access an A/R finance solution that makes sense for your business 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 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 FACTORING RECEIVABLE COMPANY SOLUTIONS
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
Monday, September 1, 2014
A SRED Credit Loan : Financing SR ED Tax Credits Accelerates Your Cash Refund
Breaking News : Business Owner Finds It Does It Pay To Finance A SR&ED Claim !
OVERVIEW – Information on financing ( sr&ed) SR ED Tax Credits in Canada. A SRED Credit loan allows Canadian business owners to accelerate r&d capital spent on research under the Scientific Research and Experimental Development refundable tax program
Financing SR ED (SR&ED) tax credits is the finality that comes from filing a SRED claim in Canada. So the question that remains to be asked is ' Does it pay to finance your refundable credit under Canada's most popular research refund program? Let's dig in.
In recent years the program has been a moving target by the government whose goal it was to maximize and yet simplify the program in order for Canadian business to achieve the benefits for which the program was originally derived.
In order to understand the benefits of financing your SR&ED credit it's necessary to step back and understand the origins and intent of the program. In reality the program has been around for almost 30 years now. While the name of the program is somewhat daunting (‘SCIENTIFIC RESEARCH AND EXPERIMENTAL DEVELOPMENT”) business owners and managers simply call the program ' S R E D '!
The actual preparation of your claim is very much tied to success in financing your claim. We would maintain it's much easier to finance your refund than prepare it! It is up to the owner/manager to ensure that the refund claim they prepare is ' eligible ' under Canada Revenue Agency (‘CRA’) guidelines.
These days probably 99% of all claims are prepared by the folks known as 'SRED consultants ' - these people are typically steeped in either industry or actual program experience, many of whom have worked for CRA in the past. A part of the ' turmoil ' in recent times, some of which has led to financing confusion of claims relates to how these consultants who prepare claims are compensated. That compensation relates to the contingency fees that have consultants prepared those claims at their own cost, risk and expense.
That compensation was one of the main reasons that the Govt undertook a few years ago to fairly radically revamp the program. Some previously eligible expenses were cut back, businesses must now identify who if preparing their claim and how they are paid, etc. Additionally some key aspects of the program - i.e. the ability to claim capital equipment purchases used in research were eliminated.
It's pretty clear now that in order to be successful in financing SR ED tax credits and obtain a SRED credit loan that the quality of your claim is key. Business owners and financial managers using qualified and credible / experienced consultant will continue to benefit from the program.
That brings us to our key question - recognizing the benefits of the finance of a SR ED refund. That one benefit - Accelerated cash flow. Claims are typically financed at 70% ' loan to value '- meaning simply that for example a 200k refund would provide a loan of 140k.
Loans must of course be repaid! , but SR&ED financing is done via a bridge loan with no payments required for the duration of the loans - another key benefit . When your claim is approved and funded by the govt you receive the 30% remaining balance immediately, less financing costs.
While the govt was busy re doing the program a bit the SR ED financier has also been working - to add even more creative features to the cash flowing of your claim - these include facilities such as a SRED credit line, and even the financing of next years claim .. Today!
So, if you want to be like or business owner who has found it does pay to finance your SR7ED refundable tax credit 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 SRED credit loan needs with a viewpoint to maximizing cash flow and r&d expense recovery .
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 SR&ED TAX CREDIT LOAN EXPERTISE
Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?
CONTACT:
7 Park Avenue FinancialSouth 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
Friday, August 29, 2014
Acquisition Loan Challenges Solved : Leverage Finance Loans Are Time Tested
Top Methods To Acquire A Business In Canada Via Financing Options That Work
OVERVIEW – Information on acquisition loan financing in Canada. Purchasing a business can be effectively completed via a number of different solutions including leverage finance loans
Acquisition loan needs arise quickly when you or your firm has found the right business to purchase or merge with in Canada. Leverage finance loans and other financial solutions can provide the necessary capital to successfully conclude a business purchase. Let's dig in.
Naturally the stage or condition in which your targeted purchase is in varies -it might be a smaller firm doing well, or a larger firm experiencing severe business challenges, not the least of which might be cash flow or profit shortages.
Buying an existing business in any condition, large or small, comes with complications. At the heart of what you need to address are key issues such as:
Valuation
Negotiation
Employee/Culture issues
And finally... FINANCING!
The risks around completing a transaction incorrectly are of course significant - including of course financial loss. However the reasons to complete a business purchase successfully are compelling - they might include:
Enhancing personal income and net worth
Acquiring business assets at an attractive price
The ability to compete more effectively in your industry
The concept of leverage finance loans is a compelling one. Although the term might mean different things to different people we're talking here essentially about using the right type of financing and debt - in some cases more than might be typical to acquire a business. In some cases the debt you take on might be more costly than ' traditional' bank debt more commonly associated with buying a business.
The good news about alternative debt and higher than normal leverage is that often it allows you to complete a transaction and then after an interim period you can ' re-balance ' the balance sheet with other forms of financing, perhaps lower cost bank loans, etc.
In some cases the debt you might take on is ' mezzanine ' in nature - secured by ' assets ' or ' cash flow' with rates in the ' teens ' this appeals to smaller businesses that can't access bank or stock market capital.
Think of your proposed transaction as having ' layers ' of financing, but always ensure that your business plan and cash flow addresses the realistic ability to repay /service the debt. A good part of any cash flow will always be going to repay debt in an acquisition - so clarity is key here.
The exact nature of whom and what you are purchasing will dictate what type of financing is needed. It might be monetizing assets through asset based loan agreements , utilizing the Govt guaranteed business loan, or cash flowing assets such as receivables, inventories, tax credits, equipment refinancing /leasing, etc.
If you're looking to ' SOLVE ' acquisition loan needs with the right types of leverage finance loans or other financing vehicles which are ‘ time tested ‘ , while minimizing risk and maximizing opportunity consider seeking out and speaking to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assist you with finance solutions, document issues, etc.
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 ACQUISITION FINANCE AND LEVERAGE LOAN EXPERTISE
Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ? CONTACT:
7 Park Avenue FinancialSouth 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
Thursday, August 28, 2014
Franchise Financing Loans In Canada : Achieving Franchise Finance Success Depends On This
Looking To Be A High Achiever In Franchise Loan Success?
OVERVIEW – Information on acquiring franchise financing loans in Canada . Franchising finance is successful when the franchisee has mastered these critical issues
Franchise finance success in Canada - What business person /entrepreneur wouldn't want to be a ' high achiever ' in the one area that is critical to success - franchising financing. Let's dig in.
The good news in the franchise industry is that the few rougher years after the 2008 recession appear be quite well over - that has made it easier for potential franchisees of new and existing franchises to acquire the capital they need - if.. And it’s a big if... they know how to go about it.
The most common ' type ' of loan for a franchise is a ' term loan ‘. It's a fixed payment loan that is amortized over a period of usually 3-7 years. These loans are acquire and achieved through only a small handful of sources - a specialty franchise finance lender , ' the bank ' ( more about that later ) and a combination of commercial financing options that , when cobbled together put you on the path to loan success .
All these solutions might include one, or a combination of equipment and leasehold financing, working capital, credit lines, etc,
How you navigate the landscape of franchise lending (landscape in some cases might mean ' minefield ‘!)will depend on your ultimate success in securing capital.
One key component of the franchise acquisition is the owner equity, aka ' down payment ' component. While there is no right amount that broadly qualifies all franchisees a typical range is between 25-50%. KEY POINT - In some cases you only need to demonstrate you has access to capital, not necessarily provide it.
Your down payment, loan amount and ongoing finance needs are best set out in the financial portion of your business plan. This document should lay out in a clear manner the cost of the business, your loan amount, your on going incoming cash flows, your loan payments, and , most critical - the timing of your cash inflows . For example while many franchises in the hospitality business are ' cash businesses ‘ other franchises might be selling on credit terms - whereby they will only collect their invoice sales 30-60 days later .
In Canada there is a major government program that finances a huge amount of franchises. The program is called the CSBF program and finances loans up to 350k on very reasonable rates, terms and structures. The Canadian government guarantees a very large part of the loan to the participating bank.
If you want to be a ' high achiever ' in franchising finance success consider seeking out and aligning yourself with a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who will ensure the correct options relative to your situation will be explored.. And achieved... making you that ' high achiever ' in the explosive franchise industry that is such a big part of the Canadian economy.
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 FRANCHISE FINANCE 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
Wednesday, August 27, 2014
Factoring Receivables This Way Makes Your Firm Untouchable When It Comes To Cash Flow And Account Receivable Finance
And Now For My Next Trick .. Turning Receivables Into Instant Cash
OVERVIEW – Information on factoring receivables in Canada . Using specialized offerings in Receivable Finance provides cash flow and working capital supremacy for your business . Account Receivable Finance tricks of the trade
Factoring receivables in Canada is a method in which your sales are turned into automatic cash. The good news is that no magician is required. And one or two little known tricks of the trade will allow you to maximize the benefits of A/R finance. Let's dig in.
By the way, we're the first to admit, and educate clients on the fact there is no replacement for ongoing proper management and due diligence on the receivables you generate from sales. We're never more amazed when even clients with great customers of high quality neglect the ongoing importance of turning that AR investment into cash for operations and growth
And yes, there are other additional ways to generate cash - i.e. working capital term loans, refinancing of assets , bridge loans , monetizing any SR&ED tax credits etc ; but on an ongoing basis your investment in A/R is the next closest asset to cash on the balance sheet - enough said .
Why then is factoring receivables so popular. Part of the lure of this method of Canadian business financing lies in the fact that it's a simple process. Once your initial agreement is in place (with the ‘right’ commercial lender) you have the ability to raise capital in any amount commensurate with your sales growth. At the right cost, and using what we feel is the best way to utilize factoring (we’re talking about CONFIDENTIAL ACCOUNT RECEIVABLE FINANCE) you have just turned your company into a cash flow machine.
What then are the advantages of Confidential AR Financing? The largest benefit should be self explanatory - it's in the ' MIND YOUR OWN BUSINESS ' category, allowing you to finance your cash flow needs without your suppliers, clients etc knowing your financial strategy. 99% of receivable factoring in Canada requires that your clients be notified in this whole process. That is not the optimal strategy sought by the Canadian business owner and financial manager.
Utilizing Confidential Receivable financing is your method of a sales line of credit really; comparable to a bank facility but at a high cost. The trade off is that you have all the capital you need when you can't access it through traditional sources
Here's a good example of how the cost of this method of business financing works.
Let's use a $ 10,000 invoice as an example. When you are in a position to invoice your customer for services rendered or product delivered you would pay approx 200.00$ for a 30 day ' loan ' on that balance. If your customer pays in 60 days (unfortunately many do!) the finance charge becomes $400.00. Remember though that cash in your bank is now used to generate more sales, grow profits , and you can even reduce your financing costs by using part or all of those funds to take discounts with your own suppliers - who now suspect you're ' cash rich '!
If you’re looking to maximize the benefits of the ‘ right ‘ A/R finance solution 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 working capital 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 RECEIVABLE 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
Monday, August 25, 2014
Equipment Leasing Rates In Canada : Lease Costs And Your Next Interest Rate Just Got Better
The Complete Guide To Not Swearing About Equipment Lease Rates In Canada
OVERVIEW – Information on equipment leasing rates in Canada . Lease costs and the interest rate are dependent on a number of factors – Here’s what you need to know
Interest rate and equipment lease costs seem to be a major mystery to the Canadian business owner and financial manager. That doesn't have to be the case. That type of confusion has left some business people cursing about leasing cost!
Lease costs are dependent on a number of clear factors that seem to be not generally known when companies use asset leasing to acquire assets. If you want to take advantage of Canada's most popular method of acquiring business equipment you need to understand what's behind the pricing. Let's dig in
There are a number of factors in lease finance costs - as we've said too many owners/managers focus solely on the ' interest rate ' which is rarely the most important part of a lease, especially as the size of your assets grow in $ or numbers.
At the heart of any transaction is understanding the actual calculation of a lease rate. They are: term, financing rate, asset cost, monthly payment, end of term obligation. When you know any 4 of those you can pretty well calculate the missing piece of the puzzle. In fact most lease companies in Canada quote only monthly payment, not the interest rate. And to add to the confusion the way in which the rate is presented may not always be the same! (Next time you are quoted a lease rate ask the lessor if they have quoted you in ' advance' or ' arrears ‘)
We've advised in the past that the owner / manager has two choices in types of leases offered - the ' CAPITAL ' lease to own, or the ' OPERATING' lease to use . Because operating leases are in fact rentals many business owners may be surprised to know that the actual rate calculated may be negative - i.e. below 0! That's because the lessor is betting you will return the asset and they can resell or refinance it again.
The term of the lease will of course drastically affect the monthly payment - being approved for a longer term (amortization) will in fact lower the monthly payment - that longer term of course increases the finance profit for the leasing company.
Credit quality drives the majority of lease costs rates in Canada. Rates are very competitive if you are dealing with lessors that directly compete with each other. Financing approval is often as important as the ‘rate ' to many clients we meet and work with.
We mentioned that interest rates aren't the be all and end all in asset financing. That's because lease documentation, financial statement impact and tax impacts are a key part of a true lease financing deal.
Understanding the terms and conditions in your equipment lease transaction is also critical - end of term obligations, maintenance issues, and other ' nuances ' affect your ultimate cost to finance.
If there is one way to step delicately through the lease costs minefield in Canada its to seek the services of a trusted, credible and experienced Canadian business Financing Advisor with a track record of success who can assure you that your next lease finance transaction will just get better.
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 :
http://www.7parkavenuefinancial.com/equipment-leasing-rates-lease-cost-interest-rate.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
Direct Line = 416 319 5769
Office = 905 829 2653
Email = sprokop@7parkavenuefinancial.com
' Canadian Business Financing With The Intelligent Use Of Experience '
Stan Prokop