YOUR COMPANY IS LOOKING FOR BUSINESS FINANCE LEASE
SOLUTIONS!
EQUIPMENT LEASING AND EQUIPMENT FINANCING SOLUTIONS ACROSS CANADA
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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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South Sheridan Executive Centre
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Suite 301
Oakville, Ontario
L6J 7J8
Equipment financing in Canada might not be able to buy you happiness - but it sure makes sense to consider finance lease solutions in these 4 categories of business assets. So, equipment leasing companies in Canada - Let's dig in!
WHAT ASSET CATEGORIES CAN BE FINANCED VIA AN EQUIPMENT FINANCE COMPANY
When business owners understand some equipment lease basics around leasing companies in Canada, all of sudden, acquiring assets in these 4 asset categories makes total sense.
1. Computers / Technology - investments in this area tend to be some of the larger financing decisions that many companies make. Whether it’s a commodity-type solution or a specialized software /hardware acquisition, a lease solution tends to make these types of assets ' affordable '. The ' sticker shock ' of total investments required can be significantly mitigated with lease pricing and structure - allowing business owners to conserve working capital and maximize ' return on investment. '
No asset depreciates faster than technology, so the ability to keep your business competitive while maintaining flexibility clearly gives you a ' total solution ' approach.
2. Software - More often than not, investment in software solutions makes firms more profitable and efficient. Almost any type of application software' can be financed. That includes a license to use the product and the ability to upgrade to newer versions via a properly structured payment plan. Accounting packages, as well as office software, are typical items that are very financeable.
3 . Equipment /Production Assets - 80% or more of all North American businesses use or have used asset finance leasing solutions. When business owners and financing managers combine the ease of approval, payment flexibility, and the balance sheet and tax benefits of asset financing, more often than not, in fact, almost ways, outweigh outright purchase.
And those assets for financial consideration for your company's equipment needs? They include metalworking. Fabrication, injection moulding / CNC, milling, and press equipment, to name just a few!
4. Construction Equipment (New Equipment & Used!) - It no surprise that in the next 4-5 years, analysts advise that over 200 Billion $+ of new and used construction assets will be purchased in the U.S. and Canada. Today’s buzzword is ' infrastructure, 'and these assets in mining, concrete and road equipment are key parts of that major trend that allow you to acquire heavy assets with a cost-effective lease payment structured to your needs.
HEAVY EQUIPMENT FINANCING IS COST EFFECTIVE
While Construction equipt. It might not be as ' technologically advanced ' as computers. It's running a close second, and traditional mechanical equipt has become very advanced while providing more cost-effectiveness at the same time. Whether it’s one unit, new or used, or a fleet of assets, items such as cranes, cement trucks, excavators, etc., are high tick costs that can be financed at low ticket payments!
WHAT ARE THE BASIC TERMS IN A LEASE STRUCTURE
When acquiring assets in the four categories we've covered, you must be familiar with basic terms used by the equipment leasing company in lease financing around rates, residual values, purchase option flexibility, as well as the type of lease you're entering into, either a capital ( lease to own ) or an operating ( lease to use ) solution.
CONSERVING CASH IS A KEY ASPECT OF LEASING EQUIPMENT
A balanced approach is important in any consideration of asset financing and acquisition. While finance lease solutions eliminate ownership (unless structured properly) and have almost no termination ability, and sometimes come at a higher cost, it always makes sense to consider the cash flow conservation and other flexibilities that come with this solution.
CONCLUSION - BUSINESS EQUIPMENT LEASING
Yes, money can't buy happiness, but business happiness when it comes to proper leasing equipment (Canada) and finance lease solutions is a distinct possibility. Seek out and speak to 7 Park Avenue Financial, a trusted, credible and experienced Canadian business financing advisor who can assist you across Canada with proper equipment financing solutions tailored to your business needs.
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Stan Prokop
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