Business Equipment Financing: The Business Leasing Company Solution Toolkit!
Talk About a Mouthful of Benefits in Canadian Business Financing
ARE YOU UNAWARE OR DISSATISFIED WITH YOUR CURRENT BUSINESS FINANCING OPTIONS?
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Business equipment financing for the new (or used) assets you need for your company is all about 'common sense' business finance - That means fast approvals and flexibility that makes perfect sense for your firm. Let's dig in.
If we were to ask you to name ten quick benefits of any type of business financing in Canada we quite frankly can't imagine you would name any other type of finance other than leasing. Just think about it.
Ten, yes ten solid reasons to consider a leasing company for your right choice of asset finance.
Let’s recap them:
1. Technological obsolescence protection,
2. Accounting benefits,
3. Cash flow management,
4. Potential tax savings,
5. Right to own or not own the asset at the end of the lease,
6. Convenience,
7. Ability to match the asset financing to its useful economic life,
8. Pre-approval or have a 'lease line of credit' possibility
9. Quick credit approval (boy do we like that one!)
And finally? A smaller cash outflow!
Whew! That was a mouthful of reasons. Let's circle back on one of those benefits - Approval!
Canadian business financing is more challenging than ever for customers in the SME (Small to Medium Enterprise) sector - That's probably your firm!
The equipment financing industry is on a pretty good roll.
We keep coming back to the flexibility when clients ask us about what the best choice options are in business leasing. Always remember that when you choose to finance an asset you can enter into a lease to own scenario, aka a 'capital lease', or, continuing on our theme of flexibility, you can opt for an operating lease - which simply states your desire to use an asset, not own it.
Equipment that depreciates quickly needs to be replaced due to technology, etc. is the perfect choice for an operating lease option.
Asset financing from your business comes out of very different needs - it might be a photocopier for the office, (or computers), equipment for your shop floor, and, even a commercial jet for your corporate meetings! (Well, we can dream, can’t we?!).
Our point? Simply that any type of asset can be leased, and often bundled in with other ancillary services such as installation, maintenance, warranty, etc. Again, there's our flexibility.
Do you have a personal business relationship with the hundreds of lease companies in Canada? If you do we're jealous, and you obviously have a lot of time on your hands. If you don't, speak to a trusted, credible and experienced Canadian business financing advisor who can ensure those many benefits of business leasing can be achieved quickly and properly.
Stan Prokop
' Canadian Business Financing With The Intelligent Use Of Experience '
STAN PROKOP
7 Park Avenue Financial/Copyright/2024
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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