Toronto equipment financing is available through a wide variety of equipment lending and equipment leasing companies located both in Toronto and outside of the Greater Toronto Area.
Because of the population and commercial business concentration in the GTA, we are fortunate to be able to provide our clients with a number of equipment financing and leasing options.
Equipment financing companies tend to focus on particular areas of the market defined by asset type, loan or lease size, and credit profile of the applicant.
Our role is to quickly assess your equipment financing requirement and then match you up with the most relevant Toronto equipment financing or equipment leasing sources in order to get the best available deal in the least amount of time.
The great thing about having your business located in Toronto is that there are equipment lenders servicing just about every potential segment of the equipment financing market and all degrees of credit.
This is both a good and bad thing in that its easy to end up with 1) a more expensive deal than is available to you if you don’t know how to qualify the market versus your requirements, or 2) no deal at all if you’re focusing on Toronto equipment financing sources that will not be interested in your financing request.
The key is to work with an equipment financing specialist who can make an accurate assessment of your requirements, discuss relevant equipment financing or leasing options with you, and then get the funding in place in the time you have to work with if at all possible.
And there are many different ways to approach an equipment financing need. For instance, you can first apply for a pre-approval before you even start actively offering or bidding on the equipment you wish to acquire.
You can consider operating and capital equipment leasing to best fit your cash flow and tax planning requirements.
Or even if you’ve already purchased equipment for cash, we can still arrange to get equipment financing in place after the fact, up to 6 months after the initial purchase was completed.
Regardless of your requirements or where you are in the buying and financing process, please give us a call today for immediate assistance.