A broad spectrum of customers either finance or lease equipment for business or personal use. And the list of the variety of equipment available is seemingly endless. The determining factors of whether to lease or finance equipment include a) who is the customer b) what the equipment is needed for and c) how long or how often it will be used.
Business owners seek to accomplish as much as possible while maintaining the greatest amount of capital possible. When the time comes to replace aging computers, delivery vehicles, or any other type of equipment, there are financing decisions to make. One solution that works well for many owners is the equipment loan. This article will…
Business owners of any kind who need money to start, improve, or expand their companies usually apply for secured business loans. This type of loan is similar to mortgages or automobile loans, for instance, because security collateral is required by the lender.
Learn all you need to know about getting equipment financing in Canada. Pros and cons, how the process works and where to get fast equipment financing.