Equipment Financing in Canada is a Specialized types of financing. Lease financing it goes back Its Own Hundreds of years and is a Widely Accepted financing tool. Major companies in Canada Utilize lease financing, why Should not your firm.
Lease financing covers all sorts of equipment ? that includes producing equipment, transportation equipment, machine tools, computers, etc.. In general MOST Canadian banks do not offer lease financing, although Two of the Chartered banks Have dedicated purpose lease operations require a very high quality credit quality. You Should Consider leasing Because it?s a simple to arrange financing agreement Between yourself, your vender of the equipment, and the lessor. Leasing Should not Be regarded complicated, however Canadian leasing practices and the parts That are much different Than Participate in the U.S. ? Canadian business owners it Benefits and Financial Managers to Ensure THEY Understand why leasing is so popular. Two basic types of leases are available for the Canadian business owner ? They Are capital and operating leases. Operating leases are Often Promoted by Manufacturers gold THEY Often vendors and include Maintenance and insurance. You Should consult with year financing specialist Equipment to Ensure year operating lease is right for your firm. The Essence of a year operating lease Is That your intent is to use the equipment, but not to own it. When you enter Into year operating lease Ensure That You Have No intention of owning the equipment at the end of term. In this case your payments much lower Than Will Be if your intention is ownership, and You Will Have the Benefit of Some balance sheet improvement, as this lease is not Shown as debt on your balance sheet. The alternative is a capital lease, or lease Financial, Which Denotes ownership. We can not over Emphasize The Need to work with a trusted, credible and Experienced advisor in this area of ??Specialized financing in Canada. Seek out a professional assist you in That Will Acquiring the equipment You Need and Answer Any Questions You have about the proper rate, term and structure your firm That Deserves overalls based on credit and asset quality. Equipment Can Be New or Used, and A Good lease financing specialize Will Be Pleased to assist you in Maximizing The Benefits of lease financing, Which include: ? Better use of working capital
- Often Cheaper Than a term loan
- Will not restrict your current banking arrangements
- Payment flexibilit?
- Fixed rate financing in today?s low interest rate environment.
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Stan Prokop is founder of 7 Park Avenue Financial ? http://www.7parkavenuefinancial.com
Originating financing for Canadian companies, Specializing in working capital, cash flow, and asset based financing, the 6 year old firm HAS Completed in excess of $ 45 Million of financing for companies of all size. For info and free consultation on Canadian business financing and contact details see:
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