We'll Show You The Ropes With Equipment Finance Services Leasing Company Solutions

YOUR COMPANY IS LOOKING FOR EQUIPMENT FINANCE SERVICES!

Equipment Lease Financing / Equipment Financing

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Financing & Cash flow are the biggest issues facing business today

ARE YOU UNAWARE OR DISSATISFIED WITH YOUR CURRENT BUSINESS FINANCING OPTIONS?

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EMAIL - sprokop@7parkavenuefinancial.com

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

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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 financial solutions. Each year hundreds of billions of dollars are financed in North America (that includes Canada by the way!) and the asset categories could not be any broader.

TYPES OF LEASES FACTOR INTO THE CREDIT/TAX/ACCOUNTING ISSUES

Your firm’s ability to maximize the benefits of equipment leasing is key. Part of the problem in that challenge revolves around the types of leases that are offered by the industry and the 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.

CAPITAL AND OPERATING LEASE CHOICES - OWNING AN ASSET VERSUS USING AN ASSET FOR THE LEASE TERM!

The essence of the actual ' lease ' decision revolves around whether you really want to either ' use' an 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 it's a ' secured loan’ or a ' bridge loan' with collateral.

WHAT IS THE USEFUL ECONOMIC LIFE OF THE ASSET YOU ARE FINANCING ?!

Where you can exhibit the true ' power ' of equipment financing via 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 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.

WHAT'S IMPORTANT? THE INTEREST RATES OR THE MONTHLY PAYMENT

We think, and experience everyday, situations where clients are only focused on ' interest 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.

CONSIDER A MASTER LEASE AGREEMENT FOR EASE OF DOING BUSINESS

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

CONCLUSION

The true power of commercial equipment finance financial 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.

For financial services via lease financing 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 for your business needs.