Business owners:: Lease your depreciating assets

As our lending market has changed and we continue to face the challenges of a tighter lending market, many mortgage lenders and finance companies have closed and some individuals and business owners are finding it harder to get financing.   Mortgage Edge is well positioned to manage the challenges of a tighter lending market.  With an excellent reputation among lenders and finance companies, and preferred status, we continue to have access to all lenders as well as other complimentary products. 

We now offer a leasing option to business owners.

You already know how important it is to conserve working capital, allowing that cash to be used for other purposes….leasing does provide this straightforward solution.  Access to funds is a continual challenge to companies and business owners.  Leasing ensures that a business owner can keep their existing credit lines free and clear and preserves future bank-borrowing ability. 

Here is what I can access for a business owner:

1) Leasing:  the leasing of small to mid-ticket equipment financing (ranging from $2,000 up to $10 MILLION).  Leasing is available for most types of equipment and machinery.   Did you know that leasing is used by up to 80% of all companies to acquire some or all of their depreciating assets?  With an approval ratio of 85% on all applications received, this is something you should consider.

2) Sale and Lease-Backs:    (from $75,000 and up).   This allows businesses to free up the capital that is currently tied up in equipment and machinery and to then use that same capital for company expansion and more important areas like production, marketing, research and development.  Leasing allows a business owner to only buy what appreciates in value and to lease that which depreciates in value.  Here, below, is a list of the kinds of industries we support as well as the types of assets that we can service through this program:

Industries	Asset Types – New and Used
General Business	Information Technology	Warehousing	Trailers
Manufacturing	Software	Food Processing	Marine
Education	Telecommunications	Production	Receivables
Communications	Medical / Dental	Energy Equipment
Professionals	Office Automation	Energy Retrofits
Medical / Dental	Light Industrial	Golf Course Equipment
Transportation / Logistics	Industrial Power	Textile Equipment
Wholesale and Retail	Office Furniture	Construction
Business Services	Printing	Mining
Public Sector	Manufacturing	Oil Field
Government	Material Handling	Waste Handling
Mining	Aircraft	Aircraft
Construction	Heavy Industrial	Titled Vehicles

This blog was written by Elizabeth Blair, a Licensed Mortgage Agent with Mortgage Edge in

Richmond Hill, Ontario. 

Elizabeth services mortgage clients in Mississauga

and all over the Greater Toronto area.

You can contact Elizabeth directly by phone at (905) 510-5785

by email at eblair@mortgageedge.ca

or you visit her website at:    www.missmortgage.ca 

Elizabeth is licensed with the Financial Services Commission of Ontario and is also a Member of IMBA (the Independent Mortgage Brokers Association of Ontario) www.imba.ca

Lic # M08005880

Brokerage Lic # 10680