YOUR COMPANY IS LOOKING FOR AN ASSET FINANCE LEASE COMPANY!
LEASING COMPANY / EQUIPMENT FINANCING SOLUTIONS
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
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Oakville, Ontario
L6J 7J8
The asset finance lease company in Canada. There probably is a better way to travel through the equipment leasing universe in Canada than the fictional character in the classic ' Hitchhiker ' series.
WANT TO UNDERSTAND THE BENEFITS OF EQUIPMENT LEASING IN CANADA?
We think there's an easier way to understand how the Canadian business owner can understand the benefits of lease finance without hiring an alien guide as in the series! And there's certainly no reason for panic! Let's dig in!
There is certainly no reason by Canadian firms should be surprised at the continued growth of asset finance firms. But that growth has brought choice, and many business people and their financial managers are sometimes confused by the potential myriad of credit approval, tax, accounting, and asset classification rules that can come with a solid lease finance solution. Monthly payments will vary around the types of equipment you finance as well as the lease term - most typically a 3-5 year term.
EQUIPMENT LEASES ARE ALL ABOUT ' CHOICES ' !
The benefits of a lease finance solution become complicated in some ways only because there is so much choice in to can provide you with the best financing for your lease dollar size and asset class. That might range from a laptop program for your company, to rolling stock, all the way up to the proverbial corporate jet!
TAX, ACCOUNTING, AND CASH FLOW BENEFITS!
Therefore knowing when you should lease and who you should finance with makes you a winner when it comes to tax and accounting benefits, managing cash flows, and ensuring you have picked the right type of lease, which in Canada pretty well boils down to capital lease to own scenarios, or operating lease to use solutions. Interest rates will vary based on a number of factors, including credit quality but the interest rate environment is very competitive as well as current economic conditions that favour business borrowing.
TECHNOLOGY FINANCING IS VERY POPULAR IN EQUIPMENT LEASE SOLUTIONS
Computers, software and telecom equipment make up a huge portion of the assets financing in Canada. Your ability to realize the benefits of these assets and technologies and then match them with the right asset finance lease company solution does one thing - it keeps your firm alive and competitive!
LEASE FINANCING ELIMINATES THE BIGGEST CHALLENGE IN ASSET ACQUISITION - THE COST!
Costs and the future value of the assets you are financing are foremost in the mind of the business owner/manager. Tailored solutions via lease equipment allow you to hedge against obsolescence and replacement issues, as well as affording new assets that you otherwise might not be able to afford.
Why do companies utilize the leasing industry for the acquisition of assets? It's not as complicated as you think - technology has boomed, cash is king ( that's cash conservation by the way ) and lease finance can even be a solid sales tool for many firms offering products and services that are ' sticker shock' intensive.
BANK LOAN VERSUS EQUIPMENT LEASE?
While bank term loans are one aspect of acquiring an asset adding that type of term debt via a business loan to your balance sheet and credit line facility is not always the best solution - let alone being approved in a timely manner. While bank capital is both unlimited and low cost the challenge of the majority of business financings always comes back to full credit approval and the time spent to get that transaction in place. Leasing companies in Canada, in both the small, mid and large ticket sectors distinguish themselves with some of the fastest approval times in any type of business financing.
While it is in fact true that many asset finance lease transactions do often require first and last payments in advance, etc they are much more attractive than down payments required in bridge or term loans for the same asset. Equipment at the end of the lease choices are significant and should always be considered at the start of a transaction.
WHO FINANCES EQUIPMENT IN CANADA?
In Canada, lease solutions come from:
1.Mfr. related finance firms ( captive finance companies )
2.Bank subsidiaries,
3.Independent commercial finance companies,
4.Insurance companies
Our hitchhiker guide in the leasing galaxy may well have travelled hundreds or thousands of years through the lease universe. What did he discover? Simply that asset finance of equipment addresses obsolescence, replacement, tax and balance sheet and working capital management flexibility - all at the same time.
CONCLUSION
Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with knowing which market segments in the industry can help your firm, and which types of business equipment leasing can bring benefits to your company. Any type of equipment, new or used, can be financed! Small business needs are capital intensive - eliminate that challenge with equipment finance!
The purchase price of new equipment can be an obstacle for any company, especially in today's need to stay competitive and over a period of time many industries that are capital intensive require solid financing solutions.
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
7 Park Avenue Financial/Copyright/2020/Rights Reserved
