YOUR COMPANY IS LOOKING FOR THE RIGHT EQUIPMENT LEASE !
WE'VE GOT YOUR EQUIPMENT LEASING SOLUTIONS IN CANADA
You've arrived at the right address ! Welcome to 7 Park Avenue Financial
Financing & Cash flow are the biggest issues facing business today
ARE YOU UNAWARE OR DISSATISFIED WITH YOUR CURRENT BUSINESS FINANCING OPTIONS?
CALL NOW - DIRECT LINE - 416 319 5769 - Let's talk or arrange a meeting to discuss your needs
EMAIL - sprokop@7parkavenuefinancial.com
Leasing companies in Canada. When it comes to lining up all your firms’ asset financing choices do you sometimes feel a little left behind in business funding?That of course shouldn’t be the case - unfortunately it sometimes is.
CREATIVE FINANCING FOR ACQUIRING THE BUSINESS EQUIPMENT AND ASSETS YOUR COMPANY NEEDS
Furthermore we maintain that there isn’t a more creative option when it comes to financing the asset or assets you need to run your business or take you to the head of the line in competitiveness. At 7 Park Avenue Financial Business loan solutions are always available. Let's dig in.
WHAT ASSETS CAN BE FINANCED?
How then does the lease finance solution get truly creative when it comes to that ' one deal at a time ' finance solution? First of all let's make it clear that every asset category, even intangible assets such as computer software can be financed. Broadly speaking the asset categories that are financed everyday in Canada included manufacturing ' shop floor ' type assets, technology that includes computer, software and telecom assets, and rolling stock including trucks and fleets, etc. And we can put aircraft into that general category also.
NEED AN EXPERT TO UNDERSTAND WHICH LEASING COMPANY MEETS YOUR NEEDS?
When it comes to the right transaction for your firm it's all about credit/financing approval, rate, and structure. In Canada you can finance assets in 4 size categories - they include micro size, small, mid and large ticket lease. So whether it’s a laptop or fax machine or your newest corporate jet acquisition there is a finance solution for all.
WHO ARE THE LEASING COMPANIES IN CANADA
Business owners like choices. There's no question about that, so when it comes to dealing with a lease finance partner you are comfortable with your choices are abundant. They include subsidiaries and divisions of Canadian banks, independent commercial finance firms, as well as captive finance companies associated with large manufacturers. Small transactions can be approved within hours, larger transactions due to size and credit approval issues take longer of course.
DON'T LET THE LACK OF FINANCING BE AN OBSTACLE TO INNOVATION AND GROWTH FOR YOUR COMPANY
Although numerous benefits exist around the use of leasing companies for asset acquisition more often than not clients focus on working capital and cash flow issues they are challenged with - they want and need to acquire the assets in question - they are constrained by cost, budgets, access to business credit, etc.
ALL TYPES OF BUSINESS CREDIT QUALITY CAN BE FINANCED
The reality is that all credit quality issues can be addressed in funding equipment leases. Transactions that are related to your firm’s potential lack of credit quality are known as being ' structured' in nature. That simply means that you're still approved, however the rate or potential down payment might be higher. Approvals on leases typically are withing 24 hours for transactions under 100k and on smaller transactions even financial statements are generally not required.
PAYMENT TERMS/ STRUCTURES IN EQUIPMENT LEASE FINANCING
Tremendous flexibility exists around the actual payment structure of your transaction.While owners and managers sometimes seem obsessed with the ' interest rate' in a lease it's important to consider several other aspects. Term sizes vary from 2 to 7 years, even longer for certain assets. Payments can be deferred for a reasonable period of time, or then can be either accelerated or ' step down' in nature... ie paying less during the initial asset acquisition period, and then ramping up as your firm generates the true benefits of the asset in question. Decisions around the equipment at the end of the lease option will also affect your payments and options to keep or return assets.
LET 7 PARK AVENUE FINANCIAL HELP YOU MAKE THE RIGHT CHOICE IN LEASE TYPE
In certain cases operating leases can both enhance your balance sheet and reduce your payment and overall operating costs. Operating leases are ' leases to use ' as opposed to ' lease to own'. The lease term on operating leases is typically shorter as there is an assumption the lessee will choose to return or upgrade the asset. Computers are a good example. Business owners should note that both new and used assets can be leased in Canada . While a business plan is generally not required very large transactions might benefit for such a document.
CONCLUSION
Small business needs to have choices in acquiring assets at interest rates that makes sense for your business needs. If your firm is looking for a quick way to both access and benefit from leasing companies and their solutions in Canada consider seeking and speaking to a trusted, credible and experienced Canadian business financing advisor who can ensure you're not ' left behind' when it comes to timely state of the art asset financing solutions.
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
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