27Dec

Ontario Equipment Renting

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Does Your Business Need To lease Finance New or Used Equipment?

Ontario equipment leasing is available for a wide range of equipment types and in a variety of different lease structures.

Both new and used equipment assets can be financed through equipment leases with the rates, terms, and conditions dependent on the age of the equipment, its condition, and the assessment of strength of the used equipment market.

For new businesses or start up’s, strong personal credit profiles are going to be required as well as significant personal net worth to cover off the risk of start up loss.

With well established businesses, the application requirements will increase with the amount of lease financing being applied for.  Consistent with this is the amount of time it takes to get a credit approval.  For instance, for most lease financing requests under $25,000, a lease approval can be granted in a matter of hours.  As the amount of financing increases, more information will be required which will require a greater level of review on behalf  of the equipment leasing company with the process taking anywhere from two to ten business days.
Get Ontario Equipment Leasing That Meets Your Business Needs
In many cases, the best equipment leasing options are going

Ontario Equipment Renting

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24Dec

Equipment Leasing Purveyors

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Canada Has A Wide Range Of Equipment Leasing Providers
Equipment leasing providers in Canada are considerable in number and are spread out over the country, some focusing in on certain regions, types of assets, financing amounts, and credit or risk profiles

The highest concentration of equipment leasing companies in in the province of Ontario where there are head offices for both national and regional entities that provide lease financing.

While there is considerable representation by equipment leasing providers all over the country, Ontario has considerably more options due to the large business population and the concentration in manufacturing and construction which lends to large capital requirements for businesses in these industries.

Regardless of where your business is located in Canada, the equipment leasing providers will be broken down in different classifications to further describe where they fit into the market.

For instance, most equipment leasing providers fall into what we call the small ticket financing, where the majority of equipment leases they provide will be under $100,000 with a maximum of around $250,000.

Small ticket leasing companies also tend to be quite diverse in nature as their risk is somewhat restricted to the lower dollar amounts they are dealing with.

For the larger financing requests, there tends to be more concentration in certain types of assets due to the need to manage the risk of default on larger financing facilities.
Equipment Leasing Providers Occupy Many Different Market Niches
In order to be more unique in the market and to develop some degree of competitive advantage, there is also a fair bit of specialization in the market among leasing companies.

For instance, there are certain companies in both the small ticket and larger ticket segments that will focus more on businesses with some combination of distressed cash flow and credit.

These companies are typically closely aligned with auction houses and liquidators in order to be able more effectively deal with the high risk of default that comes with

Equipment Leasing Purveyors

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19Dec

Vendor Buying Programs

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Does Your Business Need To Provide A Customer Leasing Program For Your Customers?

Business to Business customer leasing for equipment that you may be selling has been around for a long time, but still completely understood by most businesses selling products that would qualify for lease financing.

The premise is to have equipment leasing options readily available to your customers in the event they require financing to complete a purchase transaction. Regardless of the industry, whether you need medical equipment leasing or manufacturing equipment leasing and anything in between, a customer leasing program is possible to arrange and put into place.

And while there are lots of leasing companies out there, its not always so easy to get a system in place that actually helps you make sales.

First of all, working with only one leasing company in many cases is a complete waste of time if your customer profile is broader than the lease financing requirements of that particular company.

As an example, if you have an “A” credit leasing company ready to take customer applications for financing, but the customer has “B” or “C” level credit, then its not going to do any good at all and may even cost you the sale.

Even if you have a setup that is working reasonably well, there are likely other leasing options you could add to the mix that you customers would appreciate and that would also potentially increase your sales closing ratios.
Get A Customer Equipment Leasing Program or Vendor Financing Program That Meets Your Business Needs.
The most effective customer equipment leasing programs are administered through a leasing broker that is set up with leasing companies capable of servicing the credit needs of your customer profile.

The best run programs provide your customer leasing requirements to the broker who quickly reviews the information and

Vendor Buying Programs

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15Dec

Transportation Trailer Leasing

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Does Your Business Need to a Lease for a Transportation Trailer?
Transportation trailer leasing is available for a very large variety of trailer types utilized in a number of different industries. To give you a better idea of the types of transportation trailers that our lease financing partners fund on a regular basis, here is a list of the more common trailer types being leased along with the related manufacturers and brand names.

Semi trailer, open car trailer, van body trailer, pumper pull trailer, tandem axle trailer, dry van, reefer, yacht trailer,
stock trailer, livestock trailer, tag a long trailer, heavy duty trailer, tanker trailer, tractor trailer, horse trailer, dry freight trailer, utility trailer, pintle hitch trailer, rollback trailer, drop deck trailer, drop deck trailer, dump body trailer, fuel transport trailer, Self loading implement trailer, tow away trailer, refrigerated trailer, light duty trailer,
hydraulic trailer, closed car trailer, implement trailer, travel trailer, tank transport trailer, goose neck trailer, fifth wheel trailer, van trailer, tank trailer, boat trailer, cargo trailer, grain trailer, car hauler.

Transportation trailer brands that are regularly lease financed by our leasing partners include Fontaine, Trail King, Timpte, East, Steco, Innovative, Comco, Kentucky, Miller, Eager Beaver, Elite, Spectec, Specialized, Talbert, Cargo Max, Roadmaster, Reliance, Monon, Ledwell, Dorsey, Scona, Transcraft, Homemade, Viking, Towmaster, American, Warren, Doonan, Western, Spartan, Stoughton, Great Dane, Wilson, Southland, General, Deloupe, Benson, Butler

Transportation Trailer Leasing

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