YOUR COMPANY IS LOOKING FOR TECHNOLOGY AND BUSINESS EQUIPMENT LEASING!
EQUIPMENT LEASING FROM TOP EQUIPMENT FINANCING COMPANIES FOR YOUR FIRM'S BUSINESS NEEDS
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Financing & Cash flow are the biggest issues facing business today
ARE YOU UNAWARE OR DISSATISFIED WITH YOUR CURRENT BUSINESS FINANCING OPTIONS?
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The ability to stay on top of what's happening in technology leasing or financing your other business equipment lease needs gives the Canadian business owner two things: Options, and of course, benefits when it comes to buying new equipment/telephone equipment, managed services and considering your lease options while maintaining profitability.
TECHNOLOGY EQUALS CONSTANT CHANGE
The concept of 'change' drives a lot of technology acquisition and finance decisions. While business owners and financial managers even seem to think twice these days about whether they need to acquire computers, telecom, software, and other 'tech' type assets, the reality is that those improvements to your competitiveness and infrastructure cost a lot!
Small transactions can often be approved within 24 hours around your two options - capital and operating leases, as well as, of course, a term loan non-lease solution.
The end of the lease and useful life of assets and tech are key terms in this business! Lease financing often addresses the best solutions for other expenses while allowing customers to pick and choose different lease terms/options. Fixed term budget requirements are always a challenge in business planning around a large-scale upgrade while preserving working capital.
FINANCING CLOUD COMPUTING NEEDS
And let's not forget to mention that new concepts in equipment leases such as Cloud computing, virtual, and grid computing, etc., bring new decision-making burdens for the owner, finance manager, and IT manager in any small to medium-sized corporation in Canada.
We're somewhat leaving out the giant corporation, given they have the assets and tech-savvy to wrestle down these challenges in a much easier fashion when it comes to paying for expensive equipment.
So how do you fund these acquisitions ... the goal seems pretty straightforward - buying the best and suitable products and services and paying or financing them in the best manner possible. Easier said than done, but leasing companies have the answer you are probably looking for. Payment around consumption solutions is also available,
When you think about it, what you want to do is not that complicated conceptually - it's simply about picking the right financing option and ensuring that the cash outflows, structures, and tax/accounting type benefits match what works for your firm. Again, we know what you're thinking ... easier said than done, right?
MATCHING BENEFITS OF LEASING FINANCE WITH CASH OUTFLOWS
Don't also forget that you want to match the benefits of your financed assets with cash outflows in a perfect world. That's why the majority of tech assets are leased; the business doesn't want to pay upfront and reap benefits over time down the road - allowing the firm to reduce the impact of cash outflows with your tech unique needs - allowing your company to overcome overstretched budgets while achieving the right balance of assets.
Most leasing decisions come with greater agility and speed than traditional bank loans/term loans. Budget levels can be more easily managed. Unique structures around leases hardware give you a full range of maximized options while increasing productivity.
Don't forget the tax deductible aspect of leasing payments as a business expense for a lease or business loan! Let your leasing solutions protect existing credit lines for your working capital challenges with investment solutions when you purchase the equipment you need to stay competitive.
Talk to the 7 Park Avenue Financial team on how you can facilitate lease terms structured to your needs around flexible pay structures.
WHAT IS THE APPROPRIATE LEASE TERM WHEN IT COMES TO FLEXIBLE PAYMENT SOLUTIONS?
There is a substantial amount of flexibility in the term or amortization of tech-financed assets. Typical terms available range from 2-5 years ... but we always caution business owners that long terms, while they lower the monthly payments, come with a cost re replacement, functionality, obsolescence, reduction in competitiveness, etc.
So bottom line, watch the 'term'!! As good leasing partners will advise you, including end of lease options. While a business plan is not required for leasing good cash flow projections will help your approval.
DON'T FOCUS ON THE INTEREST RATE - CONSIDER OTHER KEY ISSUES IN EQUIPMENT FINANCE TERMS
While for many assets, the business owner/ manager is always focused on the implicit interest rate in the least, we caution lessees do not overly focus on the rate as opposed to the term, structure and type of lease, conditions, and the all-important end of term decision - namely, return, replace, or upgrade.
In many cases, a fair market value lease will significantly reduce your payments regarding financing solutions such as operating leases tailored for tech-type FMV lease investments. Deferred payments are also options if your business is creditworthy.
TECHNOLOGY BUSINESS FINANCING FOR BUSINESS OWNERS
Leasing rates have stayed consistent in various business cycles due to ot the highlight competitive nature of the industry. Innovative payment to match cash flows is always available for discussion to allow you to address manageable costs. Leasing decisions around payment structures always come back to credit approval. But remember that virtually and IT products can be financed.
And getting back to that' interest rate' issue, the reality is that in the current 2020 competitive leasing equipment marketplace, clients have access to some of the best terms, rates, and structures within the industry, as the lease finance folks are busier than ever and very competitive.
Lease financing is available from bank subsidiaries, U.S. lessors with Canadian representation, and independently owned Canadian firms that service transactions in the small, mid, and large ticket asset area.
CONCLUSION - EQUIPMENT LEASE OFFERINGS FOR TECHNOLOGY / COMPUTERS / SOFTWARE
Purchasing equipment is vital to any company, but it can be expensive, including potential upfront cost . Those upfront costs can be costly in the area of financial services you require.
Don't waste time getting financing when there are lease terms or a loan solution tailored just for your business. You can improve your business productivity, drive growth and boost efficiency by investing in hardware with technology leases and loans via the right leasing company/leasing services!
One word of caution, though, not all firms are experienced or have an appetite for tech-type assets such as computers, software, cloud computing, etc. It might be advisable to seek the service of a leasing expert and trusted, credible and experienced Canadian business financing advisor to wade through the leasing industry' jungle' on your behalf. You may choose to review options with your accountant or tax advisor. Variable terms around its structures and your IT dollars are essential to business owners.
The bottom line on tech and equipment leasing companies - focus on the type of lease and work with the right party with flexible payment solutions tailored to your cash flow needs. Your ability to manage and finance tech assets will become much more accessible and give the business owner and manager the feeling that invested and spent funds for business equipment assets are achieving the benefits your firm deserves to achieve investment capacity in your overall purchasing process to replace outdated machinery and assets.
SOLVING KEY BUSINESS OBJECTIVES
Let equipment leasing protect your small business technology investments. Let equipment leasing protect your investments and take the stress out of capital investments in technology and related assets and software and services solutions when it comes to leasing options, you need to run and grow your business without a significant down payment.
FAQ: FREQUENTLY ASKED QUESTIONS
What is commercial equipment financing?
Equipment financing is the perfect type of small-business loan for purchasing technology and equipment essential to running your company. You can use this financial tool to acquire needed assets with capital to grow a company
What is the difference between leasing and financing equipment?
An equipment lease is like renting a piece of machinery, but you don't own it. You can buy the asset at the end of your agreement in some cases if that's an option for your business . With Loans full ownership awaits when all payments are made due according to agreed terms (including interest).
Click here for the business finance track record of 7 Park Avenue Financial
