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Capital Financing Solutions That Help Build Your Business
Operating a business often means investing in equipment. In order to purchase that equipment, many entrepreneurs turn to finance options such as loans or leasing agreements.
Unfortunately, nearly new or startups (companies in their infancy) can have difficulty securing equipment financing because they often lack the assets and cash flow necessary to qualify for a loan. Banks want collateral such as real estate, vehicles, inventory, or other items with tangible value that they can liquidate if the loan isn’t repaid. Without collateral, most banks won’t even consider approving a loan application.
Another issue that can prevent businesses from getting approved for an equipment loan is inconsistent cash flow. Banks want assurance that their customers will be able to make regular payments on time each month without fail—something that new businesses may not yet be able to demonstrate consistently given their limited revenue streams and customer base. If your revenue is too low or too sporadic at this point or if your business doesn’t have sufficient assets for bank approval, our team at Canadian Equipment Finance can help with alternative funding options to get you on your way.
While every company is different, the capital financing solutions that work for many businesses include:
Capital Leases
Capital leases can be the perfect solution for busy business owners and companies looking to finance quality equipment without breaking their budgets. Capital leasing is a financing option where a company leases equipment or property from a lessor, rather than buying it outright. With capital leasing, you can get the equipment you need while preserving your capital for other uses, such as investment in other, non-financeable, areas of your business. Canadian Equipment Finance’s capital leasing options provide all the flexibility you need so that you can focus on building your business.
The quick turnaround time associated with leasing also makes it easier and faster than other financing methods – this means quicker access to capital! And those monthly payments, in most cases, are tax-deductible, which can help your business save money when it matters most.
For a hassle-free solution that helps preserve capital while providing the most efficient financing possible, Canadian Equipment Finance is here to help you build your business from the ground up. Take advantage of our funding options, lease structures and decades of experience working with companies in every industry!
Term Loans
Term loans can be an excellent option for newer companies seeking capital financing solutions. With term loans, you are able to acquire equipment while retaining ownership. With a fixed interest rate, you'll get a repayment schedule that fits your budget.
Business owners that utilize term loans can acquire capital assets without tying up the cash needed to run the business. Plus, borrowers can enjoy payment predictability and stability over the course of their loan. Furthermore, approval for a term loan with Canadian Equipment Finance is usually in place in less time than traditional banking options.
Take control of and plan out your financial future with help from Canadian Equipment Finance. Our tailor-made term loans are designed specifically for budding companies who need assistance taking their businesses to the next level. Get in touch today to explore all the options available through Canadian Equipment Finance.
US Dollar Funding & Repayment Financing
When your Canadian company works with US vendors or has US Dollar receivables, we have your back. Our US Dollar funding and repayment financing options helps prevent exchange rate losses and acts as a natural hedge strategy against foreign exchange risk.
This financing option is a game changer for Canadian companies – often in transportation and trucking or manufacturing – that need sustainable and predictable options to reduce exchange rate risk and volatility. Through our US Dollar Funding and Repayment Financing programs, Canadian Equipment Finance will set you up with a US account so that you can pay your loan back with the US funds that you collect from your customers – without having to worry about the exchange rate. We can also provide you with financing in US Dollar to support your capital purchases south of the border.
We can take the stress out of your cross-border capital financing or financing repayment needs today.
You Need More That Just Capital Financing - We Are Here to Help!
Investing capital into your growing business is crucial for success. However, capital financing alone can leave your business vulnerable to a range of potential problems. Our team is here to help you make sure capital financing isn't all that stands between you and success.
With decades of experience financing capital for budding companies, we understand the needs of businesses at every stage and guide our clients in making wise choices that turn capital into success. We give founders the long-term financial planning advice and capital support necessary for sustainable growth.
When you work with our team, we become strategic partners. We have seen it all and we are here to help. You'll feel confident knowing you're making the best decisions for your business, and we know that you will appreciate our honesty and straightforwardness.
Put our wealth of experience to work as you build your business and take advantage of the expertise we offer – find out how we can help your company today.
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Capital financing that helps your company reach the next level.
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Financing that helps your company through challenging situations.