Tag Archives: Equipment

Finance

The Greatest Question Ever Asked About Canadian Equipment Finance And Leasing Companies – Let Your

It was a September night in 2002 – I will never forget it… the clouds rolled in ominously from the mountains as we drove… I strained to see the lights of home in the distance. Holley, my stepdaughter, 7 years old at the time turned to me and said ‘ I don’t understand rent ‘. Wow I thought, great way to phrase that one! It’s a true story. (Editors note – the clouds weren’t really ominous – he is using literary discretion)

Fast forward… 2011. Her better question today might be ‘ I don’t understand why hundreds of millions of dollars of equipment finance occurs every year in Canada.

Well if you didn’t know we’re about to share that , and more importantly focus on highlighting some key issues around why all your competitors utilize equipment finance as part of their overall business strategy . And also, once we get you to ‘ buy in ‘ to the subject then we’ll show you where to find the leasing company that works for you, not against you.

So why do start up, small and medium sized firms, and mega corporations utilize equipment finance companies to procure and finance their assets. One key reason is the emphasis placed these days on working capital. To finance the type of capital expenditures you need to stay ahead of the Jones’s (that’s your competitors by the way) you need access to credit and capital. And that capital varies in size, that’s the true beauty of equipment finance – it covers a 5k photocopies to a 20 million dollar aircraft.

And yes, it’s a free country, so feel free instead to dip into your operating line of credit of wait for A/R to be collected to acquire these much needed assets – but we can assure you the rest of the world instead has opted for equpment finance as an acquisition strategy. A harsher reality is that if you are a smaller company or start up you can’t or don’t want to dip into additional equity for much needed new assets.

We will never not say the bank wont finance your equipment – but that financing, just to be clear becomes a term loan , and further ‘ complicates ‘ your banking arrangement , potentially adding new covenants, new collateral required, and diminishing the ability to get more working capital and cash flow down the road, when you need it .

So is there a real benefit in creating a ‘ relationship ‘ with either trusted Canadian equipment financing advisor or a leasing company directly?
Again, the ‘ ayes’ have it; we absolutely feel that’s the case. Why? You benefit from the advice, counsel and structuring that can save you hundreds, thousands, or tens of thousands in financing costs, option flexibility, and tax benefits. Those are real world dollars we are talking about.

In fact, many clients opt to set up a lease line of credit, utilizing either capital leases or operating leases on an ongoing basis for asset or technology turnover. That’s when you have totally bought into the concept of lease finance. It in effect becomes your long term stated asset acquisition strategy.

How do you identify the best advisor or leasing companies to work with? Look for specific experience, credibility, references, and a track record of matching your equipment finance needs to rates, terms and structures that make sense.

Stan Prokop is founder 7 Park Avenue Financial ; see http://www.7parkavenuefinancial.com
Originating financing for Canadian companies,specializing: working capital, cash flow, and asset based financing , the 7 year old firm has completed in excess of 50 Million $ of financing for companies . For info / free consultation on Canadian business financing / contact details see:
http://www.7parkavenuefinancial.com/equipment_finance_leasing_company_companies.html

Banking

Modern Blood Bank Equipment

Blood bank equipment as the name suggests is the apparatus used in blood banks and hospitals. It is a kind of medical or laboratory equipment. Blood is a very important element of our life. Blood banks perform the significant job of storing this vital crimson colored body fluid for various groups, so as to provide it to the patient when the need arises. This vital body fluid can save the life of a person; this can give a new life to the one in need. The blood bank equipment is used by various blood banks, hospitals, research centers, and clinical laboratories all over the world for the collection and processing of blood, especially the human blood. These pieces of equipment are indispensable for the functioning of the aforementioned organizations.

All types of blood bank equipment come under four prime categories viz. collection, storage, testing, and blood bank accessories. The list of the modern blood bank paraphernalia is very long, and they are being very widely used these days. Since it is not feasible to explain each and every type of blood bank apparatus in detail, some of the prominent types of such apparatus are mentioned under:

1) Tube Sealer: It is a compact equipment meant for sealing the blood bag pilot tube by employing the ratio frequency sealing system. This apparatus can seal with an average speed of one tube per 1.5 seconds. The tubes so sealed can be easily separated by pulling the sealing joints by both the sides.

2) Collection Monitor: It is a sophisticated piece of apparatus used for the purpose of monitoring the blood donation process. Also called the blood collection mixer, this apparatus makes sure that the quantity of this claret fluid taken from the body of the donor is not more than the prescribed quantity. It also acts as an anticoagulant agent to prevent blood clotting. No doubt, this apparatus is a must for any hospital or blood donation camp.

3) Blood Bank Refrigerators: This is a kind of specialized refrigerating device used for the purpose of storing the vital body fluid named blood. This apparatus is widely used in hospitals, clinics, blood banks, etc. It is also used for storing certain vaccines and biological products which require very cool ambient. This is a very high quality laboratory equipment, properly insulated from all sides in order to sustain the cold temperature inside.

4) Plasma Expressor: This electromechanical device is meant for separating the plasma from the crimson colored body fluid. The conventional separator requires the use of monitor in performing the job that a contemporary plasma expressor equipped with an optical sensor, can perform in a much easy and efficient manner.

5) Donor Chair: This chair comes under the category of blood bank accessories. This is a special type of chair on which the person donating the blood can almost lie down and be comfortable. This chair provides the correct posture to the donor, required for the proper flow of this vital fluid from his body. The seat and back covers of this chair are generally made of materials like leather and vinyl.

Besides the above-mentioned blood bank equipment, there are numerous other apparatus as well. For acquiring further information about various types of blood bank products, you may visit Laboratory Equipment World.

Article Source: http://ezineseeker.com/?expert=Umesh_Gope

Money

Save Money by Renting Equipment

Not every business or homeowner has all the tools and equipment they need to handle every situation that arises. It would not be economical to own items that are only used on rare occasions. In many situations, the cost of maintenance for such a wide variety of equipment would be prohibitive. Fortunately, tool and equipment rental stores can provide the items necessary at a fraction of the cost of ownership.

Rent the Best

Many users would purchase lower cost and quality tools and equipment for seldom performed tasks. In other cases, they would try to make tools not designed for the task fit the job. In either case, the project will take longer and often end with poorer results than if the proper tools and equipment were used. A rental outlet often handles reliable equipment designed to accomplish the task in the most efficient manner. They say that the best results come with the use of the best tools. The best tools can be rented at a lower cost than ownership.

Think Big

Some jobs can be done with a variety of tools. Moving a pile of dirt, for example, can be accomplished with shovels and a wheelbarrow that most businesses and homeowners would possess. This is going to take time and a lot of effort. Rent a small loader or tractor and the job can be accomplished in a fraction of the time with little effort. In this manner, the profit of the business could be increased by renting a larger capacity piece of equipment than it could normally own. Some large equipment rentals require the user to be experienced with the device for safety reasons.

Have a Backup Plan

Some businesses own an adequate supply of tools and equipment. However, breakdowns and special projects may render that equipment insufficient for the job. In these situations, renting tools and equipment can keep the business operating efficiently. Renting equipment during breakdowns can keep the business operating and profitable. Rental equipment may also be an efficient way to keep a business operating during routine maintenance of equipment such as forklifts, loaders and tractors.

Check It Out

When businesses expand it often means purchasing new equipment and tools. Renting the items first, before buying, may be a way to determine if the added equipment is necessary and make the business to more profitable. For example, a business considering expanding from one to two forklifts may rent the second forklift for two weeks and track the amount of time it is used. This can help a business gauge if a second forklift will add to the business profitability.

Renting a piece of equipment may also allow the business to assess the best model and size of equipment. For example, renting a couple of different sized loaders would help the managers understand which device would best serve their business before they make a purchase. In this way a rental period could serve as an extended trial period and help the owners determine the best equipment to make the business profitable.

SMS Rents 6335 Edwards Boulevard Mississauga, ON L5T 2W7 ‎(289) 247-2770 Whatever the job you have to do, on the jobsite or around the home, SMS Rents can put the right equipment into your hands to get you through the working day productively and profitably. For more information. visit /www.smsrents.com

Finance

Expanding your business with vendor finance & equipment leasing

If you’ve been holding off on expanding your business – what are you waiting for? The Australian economy is making a fine recovery and many industries are back on their feet after the scare of the global financial crisis. Meanwhile, for many small and medium-sized enterprises, business is booming and organisations are finally looking at kicking their expansion plans into full gear.

Ways to grow your business

When it comes to expanding your operations, the strategy you adopt will depend on the industry you’re in and the way your business is run. Here are some considerations for winning new business:

Upgrade to new technology – are your computers still running on Windows 95? Are your printers due for a serious upgrade? Upgrading to new technology is essential for staying up to date with the latest industry trends and boosting efficiency within your business – get a leg up on the competition.
Expand your range of products – one of the easiest ways to attract new business and keep your current clients happy is to diversify and expand your current range of products and services. Look for new opportunities and get feedback on what your current customers are looking for.
Break into a new field – tailor your services and offer your clients an all-in-one solution. Consider a strategic partnership with a relevant business to expand your service offerings. For example, suppliers can expand their B2B business by offering vendor finance and equipment leasing solutions for their clients.

Of course, for many small to medium-sized enterprises, capital costs can pose a significant obstacle to growing their business. If you’re in the medical field or run a printing business, upgrading or adding new equipment can be a substantial cost. You could take out a business loan to purchase new equipment, but many finance institutions are still “playing it safe” when it comes to doling out credit for even well-established organisations when it comes to asset finance.

Leasing equipment to grow your business

One easy, hassle free way businesses can obtain the equipment they need to expand their business is to lease the equipment instead of buying it outright. When you lease equipment, you’re paying for the long term use of the equipment, much like you would pay for the use of your office space or commercial premises.

In this way, you can obtain new machines and the latest technology without the costly upfront overheads – and you won’t necessarily have to deal with the stringent requirements of banks and standard lending institutions. And because lease payments are accounted for as an expense, your monthly payments can be up to 100% tax deductible – so it’s a great cash flow finance solution for your business.

Learn more about equipment finance and leasing solutions to help grow your business – visit FlexiCommercial.com.au

Finance

Why Use An Equipment Leasing And Finance Company?

In today’s tough economic environment, many start up businesses are turning to a leasing and financing company when they need new equipment to run their business. When entrepreneurs begin a new endeavor, there are many expenses associated with starting a company, such as leasing or purchasing commercial space, deposits required for utilities, telephone and internet service, furnishings, business licenses, supplies, advertising and employee salaries.

These expenses, along with a plethora of unforeseen costs, require a great deal of capital outlay, sometimes not leaving much money in the company coffers to cover the cost of necessary equipment. When additional capital is needed, entrepreneurs must turn to other options to get the equipment they need.

When expenses run over budget but equipment is still needed to run the business, equipment leasing or equipment financing can be of great appeal. Equipment leasing is a good way for a start up company to obtain the equipment it needs without having to pay a large amount of cash out of pocket. An added benefit to leasing is that maintenance of the equipment is often included in the monthly cost, eliminating the need to pay for a separate maintenance contract on the equipment. Leasing is also an excellent option for equipment that is needed only for a short while, as leases can be negotiated for variable amounts of time, with both short and long-term leases often available. In the event that a business does not succeed, leases offer an option for returning the equipment with no detrimental effect on the company’s credit rating.

When equipment will be needed long term or permanently, equipment financing is often a more prudent option than leasing as the payments will be over a period of a few years rather than ongoing. This is also a good option for companies that have on site maintenance personnel who can repair or maintain the equipment. Financing allows a company to purchase needed equipment while coming out of pocket with only a small down payment.

Financing is also an excellent option when a company experiences fast growth and has an immediate need for more equipment but does not have the necessary capital for purchasing the equipment outright. When a company finances the equipment, it becomes an asset of the company, adding to the company’s net worth. Financing equipment also has a benefit to the company in that the interest paid on the loan is often tax deductible.

Barbara Griffith is associated with Southern California Leasing who has extensive knowledge of the field. She is an asset for the company and has access to a range of excellent lines that have good value. With the dedication to client needs, timely results, accurate evaluation, respect and honesty she develops a successful client relationship along with goal attainment.

Finance

Equipment finance options while foraying into the construction business

Purchasing construction equipment, lightweight machines to heavy machinery, as well as other supplies makes the foray into the business of construction tough on one’s financial account. Thus, while planning an entry in the construction business it is important to consider finance especially equipment finance as equipment is the backbone of any construction business.

There are a number of unique financial models created especially for those people seeking construction equipment finance. One should consider options like equipment rental plans and equipment on lease options. When one opts for equipment finance options like equipment rental, one can avail the benefits of smart financial models like those that give lenders the option to rent equipment at a low rent along with an option to purchase the rented equipment at anytime during the period of the one year rental contract; or continue to rent at the end of a year by renewing the contract. A great opportunity to grow one’s construction equipment business, it will definitely help one cut down on costs, given the low payment options of most equipment finance providers. This equipment rental option is available on both new as well as second hand equipment.

While there are many traditional equipment lease and equipment finance options, these new finance models are more beneficial against equipment lease options. Equipment rental with the new equipment finance models can be availed much faster as compared to traditional leasing. The traditional equipment lease agreements are also very rigid and not flexible as the against the flexible equipment rental packages. The terms of the equipment rental plan can also be changed while that of a traditional equipment lease cannot be changed unless the agreement is broken. What is more a lease reduces your equity while an equipment rental plan has no such effects. In fact equipment rental offers flexibility that neither equipment leasing nor purchasing can offer.

Thus, the traditional equipment finance options like leasing equipments should take a back seat when one is seeking equipment finance. With the many new financial models catering especially to new businesses and start-ups as well as those that look to grow their business, those looking for equipment finance should consider the various equipment rental options to gain maximum benefits. The profit margins of businesses that use such unique plans are also definitely higher; thereby making equipment rental plans the ideal choice for all.

The author is an active blogger and financial analyst by profession. Her knowledge of and interest in financial funding options for businesses and start-ups has seen her contribute to and write several articles on topics like finding the best sources for equipment finance , equipment lease vs. equipment rental, etc.

Finance

General Facts Regarding Equipment Finance

Lots of people are interested in business and there are different kinds of requirements in each and every business. Most of the businesses today require a lot of equipments. These equipments are usually very much costly and this is the reason why you usually require a loan for buying them.

You might have heard about equipment finance. With the help of this finance you can get whatever required for your business. There are different types of finance available these days. It is your duty to choose the right kind of finance for your company equipments.

There are certain things that you need to look for in these companies. Choosing a company for the equipment lease might be a harrowing process. If you can identify the right kind of factors in choosing the company then you can surely get the best deal.

You might either have an established business or might even start a new one. You might either have a big business or a small one. You need to choose the company which can fit all these requirements and can be the solution to all these things.

But before that you need to make sure that your company is eligible for the equipment loans. First of all you need to make sure that your company is financially sound. Secondly your company must also have a good track record.

Thirdly your company must be in business for at least 5 years and it must also be making profit for at least 3 years. You must always remember that equipment finance is a very serious issue and it must be dealt with very seriously.

The companies which provide loans evaluate the all the applications that are given to the companies. Other than the lenders the banks also evaluate all the applications that are submitted by the customers. Other than the application there are some more things that are evaluated at the same time.

These things are cash flow, credit, collateral, character as well as capacity. Before you choose the equipment finance company you need to make sure that you perform a good amount of research. One of the best ways to perform your research is with the help of the internet.

There are various websites which can offer you proper reviews about these companies. It is very important to choose the company which is suitable for your business. Some people are interested in taking equipment loans from the bank. But there are lots of rules and regulations that these banks follow.

It is found that the banks reject most of the applications due to certain reasons. This is the reason why people usually prefer the finance companies other than the banks. While choosing the company you always need to look out for upfront service.

The person dealing with you on behalf of the finance company must be honest and must always be there to help you out. Other than this, you must also look for a good and smooth process of getting equipment lease.

For fast equipment finance and lease (leasing) process that is flexible to your business. Deal with a equipment loans specialist that understands your financial information.