Equipment Leasing & Financing
Equipment leasing and financing allows you to get the equipment your business needs to lead the market and be competitive.
Receive 100%+ financing including tax and installation
Faster turnaround and less work than the banks
We can finance most credit types
Lease payments can be tax deductible
Improves cash flow
Preserves working capital
Low monthly payments
We deal with Canadian, US and European Vendors
We finance new businesses
Finance both new and used equipment
We can pre-pay your vendors / suppliers
Overcome budget limitations
This product was designed with the vendor / supplier in mind. We provide you with a customized branded portal with your logo and colours that resides on your website. When visiting your site, customers will now have a financing option to acquire your equipment. This product can help increase your sales by as much as 25%.
This product is great for your sales people to use to quote lease payments on the fly. Send your customer a custom-branded lease quotation, access the affordability calculator and more. Inquire today!
Easylease offers online tracking and reporting of leads that come through our Portals as well as funded transactions. These automated reports can be sent to your email daily, weekly or monthly.
Easylease provides custom designed and branded portals for our vendor partners with business-to-business connections and reporting. We can design and connect to your system in as little as a few days.
The Lease Line of Credit allows your business to combine all of its equipment needs under a single, pre-approved master Lease Line of Credit. Whether you need $20,000 or $1,000,000, you may be surprised at how simple it is and how much your business can qualify for. A pre-determined rate will be quoted based on the total value of the Lease Line of Credit.
Equipment can be leased from a private seller to you over a fixed term, depending on the age and condition of the equipment.
Need capital? Let your assets work for you. Sale and leaseback allow companies to free capital tied up in their assets. You can use the money to strengthen your balance sheet, repay debts or invest in further development in your core business.
Easylease offers lease financing for leasehold improvements and infrastructure development to qualified applicants.
Risk capital supplied by individual investors acting alone or, increasingly, in groups (although still making individual investment decisions). Targets: pre–start-up and early-stage companies with high growth prospects. Amounts: generally $500,000 plus.
Lease/loan provided by a specific lender secured by a firm’s assets (typically inventory, equipment or accounts receivable). Forms include leasing, term loans and conditional sales contracts (in which the buyer has the use of an asset, such as machinery, conditional on making regular payments on the purchase price).
A short-term loan (often at premium rates) commonly used by firms in distress or growth companies that need cash to seize a fleeting opportunity. Offered by various lenders and a few dedicated bridge funds.
Supplier of private equity that invests in mature and often troubled companies to improve their financial position. Exits usually come through mergers and acquisitions.
Leasing offers a simple and flexible way of acquiring assets/equipment to operate and grow your business, serving as an alternative to paying cash, taking a loan, issuing debentures and other forms of financing. Leasing has many benefits, and is defined as a contractual agreement under which the owner of an asset conveys to the user the right to use the equipment in return for a number of specified payments (usually monthly) over a specified period of time (Lease Term). The owner of the equipment is known as the Lessor, and the user of the equipment is known as the Lessee.
The sale of title to accounts receivable to a factoring company, which normally takes responsibility for collecting the invoices. Fees range from 1% to 4% per month of the receivable amount, with the available credit limited only by the size of the receivables. Long associated with the clothing industry, most factoring companies now target a wide range of B2B firms.
Industry Canada has an interactive list of federal and provincial programs for specific sectors including quasi-government programs such as Community Futures and the Canadian Youth Business Foundation. (See also SRED.)
Non-conventional hybrid debt supplied by private equity investors that combines features of debt (regular loan repayments) and equity (e.g. warrants or options). “Mezzanine” refers to the instrument’s status, ranking behind senior debt but ahead of common equity in case of default. Targets successful mid-sized operating firms in deals from $5 million to $100 million. Expected rate of return from interest plus capital gains is 15% to 20%. Mezzanine investors accept greater risk (and upside) than secured lenders, but less than straight equity investors.
Generic name for funding sources that provide capital for expansion or turnarounds through venture capital, buyout funds and mezzanine financing. The latter two, funded primarily by pension plans, are rapidly expanding beyond the corporate sector to growth-oriented smaller firms.
Term increasingly used in Canada to describe funding raised by emerging growth companies from TSX Venture Exchange listings. The TSXV provides innovative ways to attract financing from public investors at lower cost and with less dilution than from VCs. Typical financing ranges from $500,000 to $20 million.
The Scientific Research and Experimental Development program provides big federal tax credits for R&D by firms with less than $500,000 in taxable income. It’s often overlooked by non-tech companies that develop new products and services. Some lenders will let you borrow against anticipated SRED credits.
A term loan is a loan from a financial institution for a specific amount that has a specified repayment schedule and either a fixed or floating interest rate. A term loan is often appropriate for an established small business with reasonable financial statements.
High-risk, high-cost capital supplied by private and public investors to firms with explosive growth potential that are usually expected to go public or be acquired within five years. Placements generally range from $500,000 to $5 million, with half of all VC dollars going to “follow-on” investments in companies already in the VC’s portfolio. To make up for the 60% (or more) of deals that go sour, many VCs expect at least a five-times return over five to seven years.
Relatively new in the small-biz market, this loan product is geared toward fast-growth tech businesses. Includes subordinated debt and an equity kicker (typically, warrants to buy shares at an agreed price). Interest rates are generally about 8% above prime, but these funds could reduce your need to sell even higher-cost equity.
A working capital loan is a loan that is taken to finance a company's everyday operations. These loans are not used to buy long-term assets or investments and are, instead, used to provide the working capital that covers a company's short-term operational needs.
