Information on equipment loans in Canada. Asset finance strategies such as leasing, bridge loans and sales leasebacks enhance cash flow and allow business to acquire assets for growth, profit.. and survival
Asset finance, via leasing and equipment loans is enjoying ‘ boom times’ in Canada. That translates into key benefits for Canadian business owners and financial mgrs. Does your firm fully benefit from the power of equipt? leasing in your overall finance strategy? Let’s dig in.
While the economists continue to debate the overall state of the economy it’s no secret that for most businesses in Canada business financing is still a challenge. In some cases certain industries are being hammered by external factors that strongly affect their overall success.
That is why equipment loans are so attractive and sought by companies looking to add to, replace, or ‘ refresh ‘ their asset that often are key in growing sales and profits.
Those benefits we talked about haven’t really changed much over the years – easier access to credit, competitive rates, the ability to match cash flow with benefits obtained from the assets, and on it goes.
As mentioned above it’s also important to understand that almost any asset can be financed, and that also includes used assets for firms that feel the useful asset life combined with an attractive price makes used assets a strong consideration at times. In many cases the strategy of a loan or a sale leaseback for equipment simply replaces the paperwork and accounting associated with a finance lease. At the end of the day the asset is still being financed!
In some cases many larger mfr’s also offer ‘ in house’ financing via captive finance companies they set up to help customers acquire their product. The technology industry is a good example of these types of programs.
The breadth of assets that can be financed, from a dollar perspective is simply speaking tremendous. The industry has segmented itself into a handful of key categories from ‘ micro ‘ deals for assets that might costs just a few thousand dollars to ‘ large ticket ‘ deals that finance assets/equipment/technology in the millions. Even start ups have access to finance based on a minimum of credit history when owners can prove they have the cash flow to repay loans / leases.
Frankly we can’t think of any industry that doesn’t benefit or use equipment loans and lease finance as part of its ability to acquire assets.
If you’re looking for the right financing for assets you need in your business seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
who can help you fulfill your overall business needs while minimizing cash outflow.
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