As Canadian equipment financing specialists, our role is to help small and medium sized businesses in both Canada and the U.S. locate and secure an equipment financing source of capital that will meet their business requirements.
We provide two different forms of equipment financing in the form of equipment loans and equipment leases.
An equipment loan is typically provided by a bank or institutional lender whereas an equipment lease is provided by an equipment leasing company or an equipment leasing division of an institutional lender.
We cover off a wide array of business equipment financing situations including startups and lease hold improvements.
Our team works with a broad cross section of lenders and leasing companies that collectively cover the full spectrum of credit requirements in the market, or as close to full coverage as is possible.
If your business is looking to secure equipment financing for one or most pieces of equipment, then the first step would be to give us a call so we can quickly go over all the details with you on the phone and outline to you the potential financing solutions that may be available to you.
If any of the options we present are of interest to you, then we will work with you to complete an application package that will be sent to targeted lenders.
We only approach one lender at a time to conserve on credit inquiries.
In most cases, an approval or credit decision can be reached in 24 to 48 hours with larger deals taking 5 business days on average to be processed.
Once an approval is secured, the deal can immediately be funded provided all the lender commitment requirements have been met.
As equipment financing specialist, we are in a position parts of the market that are only serviced through broker networks as well as the rest of the market at large, providing you with greater overall access to financing options than what you would be able to locate on your own.
Getting a deal done quickly that meets your requirements can very important to the business as the longer it takes to figure out proper financing, the longer it will before the equipment can be put in place to start earning money.
We also work hard at making sure that the type of deal that you enter into is a good fit for your requirements and not something that provides the capital today but is difficult to deal with in the future due to your projected future repayment requirements.
One of the main roles of a financing specialist is to stay in the middle of the deal and help manage all administrative requirements of the lender or leasing company in order to get the deal approved and funded. Too often documentation and paper work issues and delay and even jeopardize equipment financing solutions which solidly puts the devil in the details and provides us with an opportunity to add considerable value to the transaction that many times is overlooked…until there is a problem.
If you have an equipment financing requirement for your business, I suggest that you give us a call so we can quickly assess your situation and provide relevant equipment financing solutions for your immediate consideration.