Canadian Leasing Examples

Whether for Start-Ups or Established businesses, Connect Lease provides leasing for equipment, supplies and materials. Here are some examples of how commercial leasing has helped various businesses. For further information contact us:

1) A new Canadian start up restaurant in Toronto Ontario pondered the idea of kitchen equipment leasing. Normally, they were used to purchasing the equipment outright. After looking into other small business financing options available in Canada the owner decided that leasing equipment made the most sense because of the number of end-of-term options available. This allowed the owner to focus on what was most important. The food and Service!

2) A medical equipment company in Calgary Alberta Canada was faced with a dilemma. Should they Purchase, Rent or Lease copier equipment? Traditional copier programs are expensive. Renting copier equipment meant the company would never own the copier machines. Copier leasing seemed like the right approaching as it allowed the medical equipment company to make payments on the new equipment over years gaining tax benefits in the process. During their investigating they learned that there was much more equipment that they could lease rather than purchase. http://www.connectlease.com/equipment-leases.php

3) A technology company in Kelowna British Columbia was growing at a fast pace. Cash flow in the business was always tight. They needed every available dollar to use to cover payroll, day-to-day expenses and grow the business. Software leasing was the answer. They did not realize that they could finance websites, software, office equipment and custom software. Our team worked with them to understand the process. The advantage to the software vendor was they were able to make a sale that they would normally not for software leasing, and gain a new valuable customer in the process. Paying cash for software, hardware and technical equipment upfront would be the same as paying the staff three years in advance. It just did not make sense to them. http://www.connectlease.com/how-do-i-lease.php

4) A small independent trucking company in Cranbrook British Columbia had a dilemma.They had two trucks and trailers running now, and had stretched their collateral and resources at their bank to do that. They were in need of more trucks and had two commercial truck leases underway already. They received another contract but did not have the resources and were tapped out at the bank. Commercial truck leasing allows them to grow the business as the truck lease is secured by the collateral of the truck and the contract they received on the new job. Why pay for equipment upfront? Commercial truck leasing allows you the ability to use it before you pay for it. http://www.connectlease.com/contact-leasing-corporation.php

5) A tanning bed salon in Vancouver British Columbia was expanding as a vacant spot next to their operation became available. Tanning bed leasing is the norm for that industry. There are many different options available. As the income in this type of business comes from repeat customers who pay a fee to use the service, it did not make sense to the owner to pay upfront for the equipment. Tanning Beds will last along time as long as they are well serviced. The owner decided that for cash flow purposes, it made better sense to utilize tanning bed leasing, and pay for his equipment of time. Plus he was taking advantage of the tax benefits he would receive by leasing the equipment rather than owning it. With the end-of-term options available to him. He could then choose to upgrade the equipment when it becomes obsolete.http://www.connectlease.com/leasing-process.php