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Equipment financing in Canada should revolve around getting the facts for business leasing needs. Business owners and financial managers want the reasons and the facts around getting new assets for their businesses. Leasing has never been more popular. Let's dig in.

We're examining the reasons and facts to ensure you are well informed when you are looking to acquire capital assets for your business. By the way, capital assets sure is a broad term, because it covers technology, plant equipment, business equipment, rolling stock, even your corporate jet ... (We know, 'you wish ...').

So why are hundreds of millions of dollars, probably billions of dollars leased in Canada every year under an equipment financing strategy? It all comes down to a common saying among leasing people, which is simply:

You generate profits and sales by using assets, not owning or paying outright for them!

The good news about leasing for business is that the key word is 'flexibility' - credit approvals are more flexible, cash flows can easily be structured to meet your needs, and various balance sheet and tax benefits accrue to companies who lease.

We find in talking to clients looking for innovative lease financing options that we can talk all we want about off balance sheet, tax benefits, depreciation strategies, etc. - but, at the end of the day, they are simply concerned with getting credit approval and conserving cash.

The alternative might be to acquire assets via your bank lines or term loans from your bank - but that can potentially pose problems down the road.

When we talk to companies that are using effective equipment financing strategies we find, more often than not, that they are simply ahead of their competition in innovative assets that drive revenues and profits. That's simply of course because there is no huge outlay of capital when acquiring these assets, which more likely than not are depreciating anyway.

Don't forget also that taxes are paid as part of your monthly installment when are leasing for business assets - a classic working capital conservation strategy. The bottom line is that your firm can grow when you have the ability to conserve cash flow and use it for operating needs and further reinvestment.

So who do you choose when looking for a leasing partner? That too is a huge challenge. There are hundreds of firms, many are in fact not Canadian, and all firms have different credit, deal size, and interest rate policies related to how transactions are structured.

If you are looking for a quick way to navigate the entire equipment financing marketplace in Canada speak to a trusted, credible and experienced Canadian business financing advisor who will assist you in completing a transaction that makes sense and achieves the approval and benefits your firm is looking for.

' 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

Leasing For Business Equipment Financing 7 Park Avenue Financial