DIY Lease Financing

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What caught our eye the other day in a U.S. based article was a title that screamed 'What's hot in Equipment Lease and commercial business financing'. The article went on to say that a large number of industries were totally back to using lease loan type financing for their asset needs.

But hey, this is Canada, so let’s try and make some sense of what's happening in equipment finance 'up here' and how Canadian business owners and financial managers can reap those same benefits.

Have you ever wondered what the most popular types of equipment are when equipment lease financing is utilized? In general, the categories or industries that use this type of financing most are the following: Medical equipment, oil and gas assets, machinery tools, trucks and trailers, construction, and yes airplanes - clearly, most aircraft are financed!

It’s safe to say that if your company is in any of the above industries it might be advisable to jump on board, but the hardcore reality is that lease financing and commercial business financing leases and loans can be utilized for any type of business asset. And when that asset creates revenues and profits for your firm a lease finance firm wants to be your financing partner.

Two key areas of equipment financing mentioned in the U.S. article were operating leases and used equipment valuation. It's been a tough couple years for all industries, and during the 2008-2009 but it is much easier these days to get used equipment financing, an appraisal or some type of valuation might be required.

As a Canadian business owner your perspective on asset acquisition probably constantly changes - you are wrestling with general economic conditions, tax and accounting issues, and competitive pressures.

Can you actually be a 'do it yourselfer'' in equipment lease business financing? We're the first to suggest expert assistance often helps but the bottom line is that many Canadian business owners are more sophisticated than ever when it comes to understanding the benefits of lease finance.

As a lessee you should be prepared to make a strong case for rates, terms and structures you think you deserve - this involves being informed about the general Canadian commercial equipment business financing market and then making smart choices when it comes to managing your working capital via this type of financing. Conserving your capital and cash flow, leaving your other borrowing power intact, and focusing on 100% financing of the asset will make you a do it yourself expert in asset finance.

Not 100% comfortable working your way through the types of leases offered, who are the players in the Canadian market, and structuring a transaction that works from a cash flow perspective? No problem? Seek out the services of a credible, experienced and trusted Canadian business financing advisor who will assist you in your goals.

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' 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

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