The Best Business Equipment Financing Solutions

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Can you count them? How many times have you felt your ability to grow your company with additional sales and profits was restricted by the inability to obtain business equipment financing and leasing for industrial and other types of equipment? If you're one of the lucky ones that survived the 2008-2009 recession and your business is growing again (or surviving?!) let equipment financing and leasing move your business forward.

The scope of leasing for industrial and other types of business equipment is broad, and that’s an understatement. Canada's largest corporations utilize lease finance, and even small entrepreneurial start-ups can utilize all the advantages of this type of Canadian business financing.

Most business owners and financial managers in Canada prefer certainty when it comes to business financing. Equipment financing and leasing bring that predictability.

Why is that? Simply because if you have chosen your asset properly (we’ll leave that one up to you) and matched the asset with the right type of business equipment financing then you have just succeeded in closely matching the cost and cash outlays to the benefits you will receive from the asset - whether that be high-end industrial equipment or the latest computer or telecom technology.

Again we come back to restrictions you face on acquiring those assets. And this time the evil-doer is 'the budget'. In talking to clients about lease finance and their strategies they employ they are often stymied by the budget cycle. Again, this applies to every type of corporation, large and small, it’s just that the big boys probably have a bit better handle on the planning and documentation around a budget.

But does budgeting have to restrict your success? We don’t think so, and that’s why equipment leasing comes to your rescue. When your company budget doesn’t allow for either the size of an asset or the timing of the acquisition to work the way you want it to then business equipment leasing should become the solution of choice.

Why? It doesn't get any simpler. You can acquire assets of a significantly higher size by focusing on the monthly payment and not total expenditure, and there are tens of ways you can adjust payments to reflect beating that budget. Payments can be temporarily deferred, lowered in earlier term of the lease, and if you choose an operating lease then your asset doesn’t even get impacted by the budget cycle. That’s because the monthly lease payment is treated as an operating expense within your operating budget.

In summary, it’s a battle out there, and you shouldn’t let your competitors win the asset acquisition battle because your firm didn’t take advantage of the flexibility of business equipment financing. Whether your obstacle to innovation is cash flow, budget cycle, asset dollar value, etc. we think we have shown that you now have the 'tool kit' to combat the business growth challenges you face in acquiring assets.

' Canadian Business Financing With The Intelligent Use Of Experience '

Stan Prokop is the founder of 7 Park Avenue Financial and a recognized expert on Canadian Business Financing. Since 2004 Stan has helped hundreds of small, medium and large organizations achieve the financing they need to survive and grow. He has decades of credit and lending experience working for firms such as Hewlett Packard / Cable & Wireless / Ashland Oil

Business Equipment Financing Leasing Industrial 7 Park Avenue Financial