Ontario equipment financing can be obtained from a number of our leasing partners located both in Ontario and other parts of Canada and the U.S.
Because of the large size of the Ontario market, and its close proximity to the U.S. market, there are lots of equipment financing companies providing loans and leases to area customers.
The diversity of the market also lends to a high degree of specialization where every loan and leasing company tries to provide a slightly different service offering in the market. This is great for the business owner in one way in that all levels of credit, industry, and asset type tend to have several different equipment financing options. On the other hand, it can be difficult to determine at times which Ontario equipment financing companies are going to be the most relevant to you at any point in time.
For instance, for business owners with a strong lending profile, it can be easy to secure an equipment financing commitment, but is it the best, or near the best deal available to you in the market?
For companies with weaker credit profiles, you can easily spend too much time trying to locate and secure equipment loans and leases that you will not be able to qualify for due to your business financing profile.
The best way to approach the Ontario equipment financing and equipment leasing market is through an experienced equipment leasing specialist. This provides a number of benefits to you including the following:
First, because leasing specialists are working in the market every day, they will have a better sense of where the market is at for any given point of time, what lenders are being more aggressive, and which ones are taking a more conservative approach. This inside information can be extremely valuable for zeroing in on the best equipment financing opportunities.
Second, many equipment leasing companies only access the market through broker networks, so if you’re not utilizing the services of an equipment financing specialist, you could be missing out on some of the stronger options available for your particular needs and requirements.
Third, a financing specialist will help you put together a solid application package and presentation that will increase the probability of equipment financing success through more clear and concise information exchange in terms the lenders or leasing companies want to see.