Common sense financing, fast approvals and flexibility that makes perfect sense for your firm – that’s why when you want to lease business equipment a leasing company is your best choice for business leasing financing.
If we were to ask you to name ten quick benefits of any type of business financing in Canada we quite frankly cant imaging you would name any other type of finance other then leasing . Just think about it.
Ten, yes ten solid reasons to consider a leasing company for your right choice of asset finance. Lets recap them – technological obsolescence protection, accounting benefits, cash flow management, potential tax savings, the right to own or not own the asset at the end of the lease, convenience, ability to match the asset financing to its useful economic life, quick credit approval ( boy do we like that one !) and finally often a lower cost and cash outflow .
Whew! That was a mouthful of reasons. Let’s circle back on one of those benefits, the issue of a prompt credit approval.
Canadian business financing got really challenging in the last couple years. Traditional financial institutions that funded equpment such as banks and insurance companies quite frankly simply stopped funding your business leasing needs. The leasing company you probably worked with also borrows, just in case you didn’t realize it. Somehow we all survived and as we head into 2011 the equipment financing industry is on a pretty good roll.
We keep coming back to 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 . Equpment 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 , cant we?!). Our point is 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 again.
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 matched with the leasing company that suits your needs.