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Financing & Cash flow are the biggest issues facing business today
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Canadian Business owners and financial managers want to be in a position to benefit from lease for business financing. Whether it’s a lease for industrial or IT (information technology) assets the goal is to achieve or maximize the benefits of the assets via use.
Asset financing in Canada consumes capital - and a lease for business financing simply is your alternative to that capital consumption, it conserves working capital and cash flow.
The good news about asset and lease financing in Canada is that it covers all types and sizes of assets. At the end of the day the collateral value of the asset, including software by the way, as well as your firm's general credit quality drive the lease financing decision from the viewpoint of your new business financing partner, the Canadian lessor.
In the 2011 environment equipment financing and leasing are on a roll, and that’s an understatement! The industry is back up off its back, having survived the 2008-2009 recession and global financial implosion. The only decision you have to make is quite frankly to find the right lease partner. That choice in and of itself can often make or break your success in a lease or financing loan. (Sometimes a bridge loan is a solid alternative to an equipment lease financing.)
Quite frankly the challenge many clients face is simply knowing where and how to find the right lease financing solution, whether it be for industrial or IT assets to complement their asset financing strategies. Lease companies in Canada cover a broad spectrum - some are bank-based, some are independent, with either U.S. or Canadian ownership, and some actually are foreign-based.
It is highly recommended to work with a lease partner that knows both your industry and is also the type of asset that you wish to finance. This becomes your goal and is often a challenge for many Canadian business owners and financial managers. Don't forget that when a lessor understands your industry and your asset you have a significantly higher chance of reaching what we term 'lease nirvana'. What's that? Simply financing that has the right rate, term and structure for your firm's needs and cash flow requirements.
Although your firm's credit quality often plays a key consideration in a lease for business financing approval it’s also the value of the asset that drives that final credit decision. Customers with less than stellar credit, even start-ups, by the way, have a solid chance to obtain lease equipment financing simply by virtue of the value of the asset they are acquiring. And that’s a good thing.
The key issue to consider when acquiring an asset, either industrial or IT in nature is the term of the lease, the ultimate disposition of the asset - (Keep it? Refinance it? Return it?) and how a lease financing loan works into your overall finance strategy.
Looking for the ideal lease for business solutions in Canada? Speak to a trusted, credible and experienced Canadian business financing advisor to determine how you can benefit from Canada's most popular form of business asset financing.
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