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.
An equipment financing specialist is part broker and part financing consultant and has the primary objective of helping you find the equipment financing you’re looking for as quickly as possible.
In order to accomplish this, a financing specialist needs to have a certain amount of experience to be able to quickly qualify your requirements against the available lending sources in the market place, and then help work with you to put an application package together that will properly represent the financing and credit profile for your business.
The key is making sure that once your information has been conveyed and reviewed, that only relevant equipment lending and leasing companies are contacted, otherwise the process can get bogged down with too many applications that may or may not even be able to deliver against your requirements.
This is where time and money can become significant.
In many cases, the business needs to close on a transaction quickly, either from a successful bid at an auction, or a great deal that a seller will not hold for very long until they can get paid.
In either case, a fast turnaround time with the right type of financing terms and conditions is going to be important to complete the transaction.
This is where the higher level of customer service from an equipment financing specialist can pay big dividends by getting things done in the time period required without taking on a financing commitment that is at the higher price range in the market.
With any type of business financing transaction, the devil is in the details, so its very important to make sure that an lending situation is fully qualified and properly documented to make sure that the process can progress as seamlessly as possible.
And if there are any snags along the way, the focus is to iron them out as quickly as possible and staying on top of all parties involved to complete a funding transaction.
If you lose out on a great opportunity because equipment financing could not be arranged fast enough, or was insufficient for your requirements, a true equipment financing specialist understands that may cost you money in terms of business you may have to turn down, or other costs you were trying to eliminate.
As as result, they work in a very diligent manner to try and achieve the desired result in the least amount of time.
Click Here To Speak With An Equipment Financing Specialist For All Your
Equipment Financing Needs
An equipment financing broker is someone helps business owners locate and secure relevant sources of equipment financing from banks, institutional lenders, and leasing companies.
In order to be effective in providing this type of service, the equipment financing broker must have pre-existing relationships with different sources of equipment loans and equipment leases as well as significant experience qualifying borrower requests so that inquiries for financing can be directed to the most relevant sources of financing.
Further, an equipment finance broker should also have direct access to a diversity of lending and leasing sources so that he or she can cover off a broader spectrum of credit and financial requirements of potential borrowers.
The first key benefit is saving the time it would take to figure out equipment financing on your own as well as the management of the application and administration process applicable to any given lender.
From an individual business owner’s point of view, where the need for financing is not a regular occurrence, assistance from a equipment financing professional can not only save you time, but will more likely provide you access to the most relevant sources of financing for your financial profile and credit requirements compared to what you may be able to locate on your own.
From a vendor point of view, an equipment financing broker can be an essential resource to provide your customers with financing choices at the time of sale, helping you make the sale and increase your profitability at the same time.
Financial brokering is all about providing you with relevant choices that can meet your financial needs and fit your credit and financial profile.
Applying directly to an equipment financing company only gives you exposure to one program with no market comparison available.
Like any other financial services market, the equipment financing industry is very competitive with considerable differences at times between offerings from one company to another.
The services of an equipment financing broker will allow you to better take advantage of the best available offer through there unbiased approach to comparing different options for you.
If you have an equipment financing requirement that you would like to discuss, please give us a call so we can quickly assess your needs and provide relevant equipment financing options for your immediate consideration
Click Here To Speak With An Equipment Financing Broker For All Your
Equipment Financing Requirements