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 to energize your bottom line. Connect with thousands of qualified decision makers who authorize and influence public WORKS spending.
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
We work with both sellers & buyers to assist them with the aquisitation or disposal of your company`s equipment. You have a business to run and you don’t want to be wasting your valuable time trying to sell your equipment. Excess and idle equipment not only take up space .It restricts working capital tying up money you could be using to grow your business.
Myth #1: Only Certain Assets are Appropriate for Leasing. – Equipment financing offers a way for business leaders to have the best of both worlds. – Equipment financing can help the company grow! – Allows you to hold on to more cash than is possible with an outright purchase of new equipment. Myth #2: Leasing Locks me into an Agreement and Reduces my Flexibility. – Well suited for assets a company only wants to use for a relatively short amount of time, such as computers that are prone to obsolescence. – Leasing gives a company more flexibility by allowing managers to make decisions at future states and times when circumstances may have changed. – At the end of the lease, the company might choose to purchase the equipment. Myth #3: Leasing is Too Expensive – Leasing offers cash-flow savings on a monthly basis compared to purchase payments. And in the case of sale-leasebacks, companies can lock in today’s competitive interest rates . – Also, when a company holds onto an asset too long costs can mount up. Such as maintenance, downtime, disposal and remarketing. -Leasing is less expensive than ownership over the long run. http://www.industryweek.com/corporate-finance-amp-tax/three-common-equipment-finance-myths […]
This week`s featured deal was a customer that had damaged credit. We were able to get this client approved for financing with good terms and a reasonable down payment. The deal was processed in a timely manner and the client was very happy that we were able to get him financed considering he had been declined at the banks, and the dealership. Industry: Construction (Roofing contractor) Credit Score: 550 Equipment Funded: One new 2014 Ford F150 Truck Equipment cost: $49,500 Additional Collateral: None required Deposit/Upfront: 15% required Homeowner: No Amount Funded: $49,500 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
