Let's Talk Equipment Finance Strategies For Business Asset Acquisition

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Equipment finance in Canada makes your firm a ' triple threat ' to your competition. Why? It’s pretty basic - You can effectively stretch your dollars, extend your budgets, and acquire equipment and facilities with the most minimum investment of funds. That is simply because you are matching investment of your funds with the useful economic life of the asset - what else could make more sense. Let's dig in.

When Canadian business owners and managers are aware of the benefits of equipment finance leasing and leasing services their ability to get rates, terms and structure approvals that make sense increase dramatically.

Equipment financing in Canada is one of the easiest methods of financing business assets, bar none. By the way, that's new and used assets, technology, software, trucks and other vehicles, factory flow assets, etc. However, at the same time, the complexity of the different types of leasing and who offers lease financing can be a true challenge that you might not want to dedicate all your time to.

So what's important about this method of acquisition - You can obtain the best leasing services and rates by focusing in on what benefits matter to your firm from a priority basis - in many cases, it's simply the term and rate on the lease financing.

Depending on what type of asset you are financing lease terms vary from 2 to 7 years - at the end of the day, it depends on the equipment's useful economic life, combined with the type of lease you structured. In Canada that is either an equipment finance lease, designating your desire for ownership, or an operating lease, designating your firm's choice to use an asset, but not ultimately own it.

Leasing is often called a 'cash flow enhancer' - little or no money down, as well as your ability to craft monthly, quarterly, or semi-annual payments with can either accelerate or decelerate as you require. That's true cash flow management!

Equipment lease financing is all about benefits and use, not real pride of ownership. In most situations today assets depreciate... you certainly can't look at your investment in computers and technology and make the case those assets are rising in value!

With today's volatile financial markets, inflation, and the somewhat erratic timing of the need for your asset acquisitions isn't it a safe bet to know that the decision process becomes much easier when leasing services provide you with an effective acquisition tool.

Equipment finance leasing allows you to generate the payments you need to make for the asset from income produced by the asset - payments are made from current revenue and the equipment and assets you finance are in effect a 'pay as it earns' scenario.

Today's costs are paid with tomorrow's dollars since leasing involves payment for equipment as it is used. Naturally, if you chose to buy the asset outright we can make the statement that you would be using today's dollars to hand tomorrow expenses, and we advise against that in conversations with clients.

Seek out and speak to a trusted, credible, and experienced Canadian business financing and lease advisor on how you can maximize the benefits of equipment lease financing to grow revenues and profits.

' 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

Equipment Finance Leasing Services 7 Park Avenue Financial