OVERVIEW – Information on asset financing solutions in Canada. Equipment leasing companies deliver on your finance needs
Solutions provided by leasing companies in effect provide your best odds (even if you’re not a betting person!) in solving that business finance challenge. The dictionary defines ‘ therapy ‘ as an ‘ act that relieves tension’ and equipt finance solutions certainly do that when it comes to the challenge. Let’s dig in.
Leasing is all about using and not owning – that’s the basic simple premise. The reasons why 80% of all North American businesses at some time or regularly lease assets is that they want to use cash for running, expanding, or growing their business – sometime even buying another business.
Where it gets tricky is knowing which lease company to use as the industry is somewhat fragmented. You can deal with an independent firm, or in some cases divisions of large corporations or banks. The end solution will always be the same though – access to capital to buy equipt with a monthly cash flow outlay that matches your firms financial profile.
If there is one standout feature of equipment leasing companies it’s their ability to provide special expertise for a lot of industries that are not mainstream, or where asset life and specific use is unique. By the way the other standout feature of lessors is that it is generally acknowledge by all experts that lease financing is easier to obtain than bank term loans.
Is there a clear path to understanding when the lease finance solution will work for your firm? In fact there is and we think we can summarize it as follows:
Owners/mgrs seeking lease finance should understand the length of time the asset will be in use at their business
Will the asset still have value at the end of the lease and who is best to address that value – you or the lease company – that is reflected in your monthly payments by the way, especially in ‘ lease to use’ transactions such as operating leases
What is your cash flow situation relative to credit approval and cash outlay?
If you’re looking to beat the odds in asset financing needs seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
who can assist you with your equipt finance challenges,.
Stan Prokop – founder of 7 Park Avenue Financial –
Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years – Completed in excess of 100 Million $$ of financing for Canadian corporations . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing. Info & Contact Details :
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Direct Line = 905 302 4171
Office = 905 829 2653
‘ Canadian Business Financing with the intelligent use of experience ‘
ABOUT THE AUTHOR
Stan has had a successful career with some of the world’s largest and most successful corporations.
Prior to founding 7 Park Avenue Financial in 2004 his employers over the last 25 years were, ASHLAND OIL, ( 1977-1980) DIGITAL EQUIPMENT CORPORATION, ( 1980-1990) ) CABLE & WIRELESS PLC,( 1991 -1993) ) AND HEWLETT PACKARD ( 1994-2004 ) He is an expert in Canadian Business Financing.
Stan has over 40 years of business and finance executive experience. He has been recognized as a credit/financial executive for three of the largest technology companies in the world; Hewlett-Packard, Digital Equipment and Cable & Wireless. Stan has had in depth, hands on experience in assessing and evaluating thousands of companies that are seeking financing and expansion. He has been instrumental in helping many companies progress through every phase of financing, mergers & acquisitions, sales and marketing and human resources. Stan has worked with startups and public corporations and has many times established the financial wherewithal of organizations before approving millions of dollars of financing facilities and instruments on behalf of his employers.
7 Park Avenue Financial
Canadian Business Financing