Leasing can make sense when cash is tight,as many businesses have been experiencing more often than not.

Every few years, or whenever the lease term ends,you can upgrade your equipment .

Some lease agreements cover certain repairs,upgrades and maintenance,so you can may not face as many out-of-pocket expenses.

Some equipment depreciates in value so fast  such as computers and copiers that the businesses need not worry about all the upkeep and disposal costs.They just turn the equipment back into the leasing company.

Start-ups without steady or generous cash flow may do well to lease in order to preserve cash.

Join nearly 6,000 public works professionals in Toronto at the award WINNING Best Show in Public Works as we unveil the newest equipment and breakthrough technologies and bring you an unparalleled education track covering the entire gamut of public works.

Exhibiting at the 2014 Congress is the best way
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This week’s featured deal was a customer that had recently purchased a cargo trailer paying out of pocket.Almost immediately after doing so,the client realized that this may have not been the right choice as they needed the cash flow available and ready for the business they operate.Our client came to us asking for our services,and we were able to help.We provided the client with enough cash flow to operate their business without the stress of looking for alternate routes.In this case, the sale leaseback option was a perfect fit for our client who had a below average credit score along with a credit bureau that had no late payments.

• Industry: Landscaping
• Credit Score: 600
• Equipment Funded: Cargo trailer
• Equipment Cost: 6,750
• ,Additional Collateral: None required
• Deposit/Upfront: 0 (sale leaseback)
• Homeowner: Yes

Amount Funded: 6,750
Newfound Capital Corp is a proud member of the Canadian Finance and Leasing Association (CFLA) http://www.cfla-acfl.ca/

Call us today for a free quote on your next lease purchase, or email us at credit@newfoundcapital.ca