Work with a team of dedicated professionals with an extensive background in heavy machinery and commercial finance. We work with the leading lenders across North America to provide you with flexibility, competitive rates, and quick turnaround time.
A stretch lease is an option to purchase equipment before the end of the term, where the option is roughly equal to the value of the remaining rentals.
Stretch leasing is a very common structure, so if this is something you require, we will work with you to get the equipment purchased as fast as possible.
This lease is treated as a true lease rather than a loan for accounting purposes. An operating lease is accounted for on balance sheets without showing the equipment as an asset or the lease payment obligations as a liability. Periodic payments are accounted for by the customer leasing the equipment as operating expenses for the period.
This lease is treated as a true lease rather than as a loan for accounting purposes. An operating lease is accounted for on balance sheets without showing the equipment as an asset or the lease payment obligations as a liability. Periodic payments are accounted for by the customer leasing the equipment as operating expenses for the period.
A capital lease meets at least one of the following criteria:
- The lease transfers ownership of the property to the lessee by the end of the lease term.
- The lease contains a bargain purchase option.
- The lease term is equal to 75% or more of the estimated useful life of the leased property.
- The present value of the minimum lease payments at the beginning of the lease term equals or exceeds 90% of the property’s fair market value at the start of the lease.
Working capital is the money available to meet your current, short-term obligations. We can refinance your existing fleet and provide you with cash so you can reinvest into your business. Working capital is excellent for:
- Inventory purchases
- Paying wages
- Catching up on accounts payables
- Seasonal gaps
- Repairs and office renovations
- Purchasing unfinanceable equipment (i.e., rare, vintage gear, high km, refurbished equipment)
This term represents a transaction involving the sale of equipment to a leasing company and the subsequent leasing of the same equipment to the original owner, who continues to use the equipment.
This term represents a type of transaction involving the sale of equipment to a leasing company and the subsequent leasing of the same equipment to the original owner, who continues to use the equipment.
Bad credit? Have CRA debt?
We can help if you have previously filed for bankruptcy, have slow pays, repossession, tax liens, or high revolving debt.
Our team of experts can get you approval without hitting your pocket. We have lenders that approve based on assets and not credit. We also have lenders that can help you pay off your tax liens to the CRA. By partnering with a wide range of lenders, we can provide you with innovative finance solutions that best suit your needs.
