Finance Lease Companies In Canada Experience The Benefits Of Leasing Company Offerings

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Leasing company solutions can be the true ‘ success story ‘ of any business that requires assets and technology. But does the business owner/financial manager really understand how to maximize benefits achieved from this method of asset financing? Let’s dig in.

Over the years the lease finance industry has gravitated to financing every type of asset – they call that from ‘ micro ticket ‘ to ‘ large ticket ‘ which can be an office photo copy machine for 2k or a corporate aircraft for 20M$.

The borrower, aka ‘ the lessee ‘ that knows the differences of applying for and getting approved for different asset categories. Owners/managers can also waste a lot of shoe tread in dealing with the wrong firm when it comes to your company’s credit quality, geographical location, etc.

When it comes to the small ticket market (people disagree on the exact maximum deal size within this market segment) a large part of the financial approval is often based on the personal credit history and guarantees of owners. If your company doesnt have a truly very strong profile (strong = growing sales, growing profits, growing cash flow, acceptable debt levels) it can almost be guaranteed that personal guarantees will be requested.

The one thing we want to mention about guarantees is that owners/managers who can present their company financials properly can often have some ‘wiggle room ‘ in the personal guarantee conundrum. That might mean a ‘ partial guarantee ‘ or a ‘ declining balance’ guarantee. In some cases it might make sense to negotiate the type of ‘ covenants ‘ that are often related to bank loans – i.e. debt to equity / working capital ratios.

Old school credit granting is not quite dead yet also, so traditional criteria such as years in business, usefulness of the asset being financing relative to revenue / profit generation, and commercial credit references also can play a large part in the overall approval process. If there is one good thing happening in financing approvals is that timelines these days are close to instantaneous in the small / mid market – typically same day or 48 hrs max.

We’ve always maintained that clients focus far too much on rate, if only for the reason that that finance lease companies are in a highly competitive environment – ultimately your firm’s credit quality will always drive the lowest rate in a competitive environment. Owners/managers would be cautioned to spend more time on areas such as terms of the lease, renewals, buyout options, and down payments or security deposits that might on occasion be required.

While we’re talking in the main about ‘ lease financing ‘ remember also that term loans for equipment might ultimately make as much sense for your financing needs – Also assets already owned can be refinancing under creative sale leaseback or bridge loan scenarios.

Larger transactions for any leasing company will receive a lot more credit diligence when it comes to financial statement analysis, cash flow reviews, and consideration for nuances in the particular industry your firm might be in. Unfortunately some industries temporarily find themselves ‘ out of favor ‘.

We can’t over emphasize the need for time spent on documents – that might be a ‘ Master lease ‘ scenario, or the rights and obligations you have under and operating lease. The ability to ‘ add on’ to any current lease transaction is typically always available.

Amortization terms for finance lease companies tend to range from 2-7 years, in truth the majority of transactions are on a 3-5 year term which makes sense for a large category of different asset types.

What then are the most touted, and real… benefits of equipment finance they include :
Ability to access other credit facilities other than current borrowings
Rates
Ability to finance 100% of any asset acquisition
If you’re looking to maximize on the benefits of a leasing company solution seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your asset finance needs.

Stan Prokop

Decorating a room with a personal photography canvas print

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When it comes to decorating your home it can be a challenge, not only for budget but it also present a challenge with getting inspiration and ideas of how you would like it to look. Going online if you have a computer to hand is always a really great way to find out some ideas and get some colour schemes into your head as to what you want to decorate that room with, maybe you want a chocolate brow couch in that room or maybe you want to paint the walls all different colours like duck egg blue on one wall and then yellow on another. Whatever you choose to go with its always a good idea to keep your mind open and try and focus on a couple of different ideas and targets, especially if you’re looking to decorate that room with wall decoration like canvas prints or posters as they can tend to look really great if you get the colours and picture just right.

Let’s say your decoration your new born baby’s room and its going to be a boy. You could of course paint it blue and you could get some cream stuff in there to like a cream cot which would look lovely. What if you were to decorate the walls with some loving photos of mum and dad for your baby to look at wile it sleeps or while it sit and looks up in the mornings or at night before it goes to sleep. It would be such a wonderful thing for your baby to looking up and see mum and dad in a photo canvas print that was professional made and processional take taken by a talented photographer. That would be such a treat for your baby.

Lets fast forward a few years, once you baby is all grown up then it would be a lovely idea to get that same photographer to take some up to date photos of you and your little family and then you can change your canvas prints that you have hung up previously up in your baby’s room to new canvas prints, that’s a great idea if you’re looking to freshen up a room. You don’t have to go over board and decorate the whole room, simply by changing a few of the wall dcor or little ornaments can always to a room such wonders. You also have the option of printing art or Disney images or things like that on canvas prints for your little Childs room; whatever they are likening at that point in time would be a great idea to lift that room with colour and happiness.

If you’re decorating a room downstairs then there’s so much you can do depending on what style or look you’re going for. There are lots of interior magazines you can look at for ideas and there lots of website online that can help you achieve the looks that you want. Having wall decoration is a stunning way to not only brighten up a room but it also shows of personality and shines off the feeling that you went to a lot of effort to get the look you have.

If you’re in to a certain band or you really like a film star then getting photos of them to decorate your home with is also such a brilliant way to be happy with your home decoration. You could get wall murals of your favourite movie scene or you could simply have some really detailed photography canvas printing made from your favourite holiday destination. If you were to get your favourite holiday destination on a canvas print then it would simply remind you of that lovely holiday you had at that certain place which is just brilliant.

Monthly Billing Software Versus Manual Billing

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Dealing with business either small or big makes no difference. It needs strict compliance when it comes to cash finances. You should be kin of the in and out of your money. You have to be firmed when it comes to decision making and dealing with clients needs. But, this does not mean that you have to be stiffed in accommodating your customers or clients concerns. What we are talking here is the cash flow or finances. We all know that you can not run any kind of business without proper accounting.

Traditionally, this is done through manual billing process. Typically, it is practiced even at this present situation. Why? It is because people have heard the so-called monthly billing software but were not familiar on how to use the process. Maybe they are not aware how it is being run and how it is done. But, in todays situation we can say that billing or invoice software is better that manual billing. We are not saying that manual billing is no longer important. What we emphasize here is the advantages given to us of this billing software.

Reality shows that in preparing invoices and billings are time consuming. Monthly billing software is more innovative and easier to use and manage. You will have accurate records of your rates as well as the rates of your customers at a given time. You can easily monitor the status of the things paid and unpaid. You can have flexible time to contact your customers or clients. It is less error free compared to manual billing. In addition to this, in manual procedures if the statements are lost, it will take time to recover the data. Another thing is that you will have to wait for a long period of time because it will undergo the usual process again.

Probably, there is a need to educate more people who engaged in business about the uses of this software. Although it has been advertised in various websites but profound knowledge of the uses and purposes are still needed. This will release all the doubts and queries regarding the security and accuracy in using it. In order to stop people from keep on wondering how it truly works is to explain to them accurately.

As we mentioned the advantages, the said software is also applicable for music teachers. It would be easier for them to adjust their work schedules and administration of their finances. Since, time is very important to them as teachers they should opt for the monthly billing software. They can charge rates and collect the same to their client at the most convenient time. Unlike in manual billing that they have to do it manually so there will be great possibility of committing mistakes and errors.

Further, it would help them maintain their clients and improve the quality of their music lessons. Instead of spending hours in listing, computing and recording of the data, they can concentrate more on their lessons. And with this, efficiency and promptness in performing their tasks are no longer an issue to their profession.

Furthermore, when it comes to money matters, you can eliminate any conflict with your clients or customers. It is because you can present the data or invoice neatly and accurately.

Why has My Financial Planner Never told me about Self-Directed IRAs

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Traditionally, custodians control IRA investments and may not always promote all the investments approved by the IRS. They have created the notion that stocks, bonds, CDs, annuities and mutual funds are the only investment options available. Over the past few years, there has been an increasing awareness about the use and advantages of self directed IRA accounts. Many savvy investors have begun to move away from the volatile stock market, and divest into alternative investment available through a self directed IRA.

Self directed IRA accounts allow individuals to enjoy diversified investments not readily available through most custodians. Almost any investment in allowed except: collectibles (such as coins, artworks, stamps, etc.) and life insurance contracts. If your financial planner does not offer any of the investment options that are allowed by the IRS, it may mean the time has come to approach another financial planner more familiar with self directed IRA accounts. .

The Self Directed IRA as a wealth builder

The self directed IRA is an effective tool that you can use to build your wealth while putting total control in your hands. One of the reasons why your financial planner may not have explored all the investment opportunities available with an SDIRA is that their services may no longer be required, resulting in loss of revenue to them from your retirement account. The latest IRS rules make it easy for you to invest your IRA account in alternative investments. You can put money into commercial and residential real estate IRAs, buy a business entity, loan your money for mortgages, notes, tax liens and foreclosed properties. You can be the manager of your property. If you do not have all the funds to invest in real estate, you can opt for an IRA loan to leverage your investment. A real estate loan obtained with your self directed IRA must be a non recourse loan.

If you have not heard of a self directed IRA before, it is possible that your financial planner does not deal with all the investment options that are allowed. For example, if your financial planner is a bank, your investment options are limited primarily to CDs. If it is a brokerage firm, you can only invest in stocks and bonds. Moreover, since your financial planner more or less manages your entire retirement account, they may not want to present you with investment options from which they cannot earn revenue. After all, their services are offered for a fee. To protect their fees, they may withhold information, offer very sketchy details, or discourage any alternative investments altogether.

It is also likely that your current financial planner assumes that you don’t want to control your own retirement investments, simply because its been implied it by them managing it for you. Some people actually prefer to status quo their decision-making and leave it to an expert. In fact, many people are unaware that they can invest in real estate with their IRA. Those that want to, however, do make their own investment choices and enjoy tangible returns. Real estate investments make a good choice particularly in combination with an IRA loan which, in addition to protecting your various IRA assets, also indemnifies you personally from all liability. You can also use your IRA loan to refinance a property you own free and clear in your self directed IRA. Thus, a self directed IRA, potentially allows for larger and more profitable investment options, compared to traditional investments.

For more information regarding Real Estate IRAs, please visit IslandViewMortgage.com

Going To College Invest In Wisdom

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I was reading through Proverbs, looking for some direct instruction about finances, and I stumbled upon something very interesting. Read these scripture verses, and see if you notice a theme:

Blessed is the man who finds wisdom,
the man who gains understanding,
for she is more profitable than silver
and yields better returns than gold. (Proverbs 3:13-14)

Choose my instruction instead of silver,
knowledge rather than choice gold (Proverbs 8:10)

How much better to get wisdom than gold, to choose
understanding rather than silver! (Proverbs 16:16)

Now I might be a bit slower than your average bear, but it seems to me that the Lord is saying that wisdom is more important than gold or silver. Wisdom is worthy of searching for and pursuing. Wisdom and knowledge are worth the effort, and worth all the hard work. It is more important than investing in gold – AND it will get you a better annual average rate of return!

For some families, these verses may help them as they consider the cost of college. College is worth the effort. College may be worth the investment. Nobody knows your family, your finances, and your child’s future income better than you. With all those factors in mind, it may be worth taking a college loan – particularly since it has better dividends than gold and silver (which are doing pretty well right now, what with the government printing money like crazy, LOL!)

I say this with some trepidation, however, because the Bible also has a LOT to say about debt (none of it good). This is DEFINITELY something you should pray about and consider carefully.

One of my friends was talking to me about college debt, and how much debt was OK. From a secular perspective, you want to look at some specific statistics. Look up the statistics for one college at a time. What percent of students graduate on time? What percent of students are employed within 6 months of graduating? What is the average income for graduates? What is the average income for students getting a specific degree? How much debt does the average student accumulate at that college? Then take all the information and put it all together. Can the average student get a job that will pay off the average debt in a reasonable amount of time?

The Lord appears to be a big fan of investing your money in wisdom. It is worth it. How MUCH to invest can vary from family to family. It is worth going over the numbers though. After all, it is better to get wisdom than to pursue gold!