• The reference in equipment financing in Canada

Finance equipment purchasing with leasing

What is leasing?

Have you ever heard of this term? Leasing is a very popular method for companies to finance the purchase of various equipment. It allows the contractor to purchase and use selected equipment for a specified period of time in exchange for pre-arranged payments. If needed, the contractor can also have the opportunity to purchase the equipment, return it or benefit from new equipment financing. Leasing of equipment is used only for business purposes. Since 1994, this method of financing has been regulated by the Civil Code of Québec, and allows all types of businesses to equip themselves with a variety of equipment and machinery. Some of these companies would otherwise not be able to afford these materials or movable property. It is therefore a profitable way for growing companies to finance the equipment they need to grow further and prosper.

The beauty of leasing is that it is suitable for all types of businesses and provides companies with the possibility to purchase a huge variety of equipment. Whether for agricultural, forestry, transportation, computer or even for medical and dental equipment, SFL Leasing Group provides the opportunity to finance your equipment needs through leasing, and, as such, puts the odds in your favour to increase your business’s growth! We know how difficult it can be to get the desired financing, especially for start-up businesses or to break into a new, potentially profitable market, which is not yet a proven money maker.

Consult our Industrial and Commercial Equipment Financing page now to discover all the financing opportunities available to local businesses. This section will also give you ideas on equipment you might need to get depending on your industry.

What is the difference between a term loan and leasing?

It is not always easy to choose what is best for your business in terms of financing. SFL Leasing Group can help you shed light on your questions. What would be best for you and your business: a term loan or lease financing? Here are some key points that are sure to help you in making an informed decision:
  • Loans have real interest rates, while leases have implicit interest rates.
  • Regarding taxes, loans allow the borrower to deduct the interest paid and the tax depreciation. Leasing offers equipment renters the right to deduct the full rent they pay.
  • With a loan, the borrower owns the financed property, but the bank holds a guarantee. In the case of leasing, the lessor is defined as the owner of the equipment. The lessee only has to use and maintain it.
Do you have any other questions regarding leasing or would you like to get in touch with one of our experienced consultants? Contact us today or fill out our online credit application!

What are the advantages of leasing?

Interested in learning more about lease financing? As an entrepreneur, you want the best for your business and you want to be certain of your choice. Discover the different advantages of leasing now.

First, leasing is very advantageous from a tax point of view. In fact, the rent you pay as a lessee is fully (100%) tax deductible! This is because it is an operating expense for your company. Second, lease financing offers businesses a rate that is always fixed. A fixed rate also represents additional financial stability for your portfolio and that of your company.

It’s important to understand that leasing is a way to rent your equipment. A rental never appears in the assets of a business. The debt of this equipment will be lightened, and you will have more money to invest in new projects and, consequently, continue to grow. In addition, financing through leasing can offer you flexibility in your payments as well as a personalized contract, meeting all your needs. It is therefore possible to structure your lease financing and adapt it specifically to your situation. As such, leasing is the ideal solution for you to finance equipment. SFL Leasing Group can help you find the best leasing plan specifically for you.
Leasing represents a unique opportunity for businesses to obtain quality equipment. As explained above, bank financing can sometimes be difficult to access, and it can be difficult to get the loan you need to increase the value of your company. That’s why leasing is a simple, fast and trouble-free solution for many entrepreneurs. Also, equipment financing through leasing removes the requirement for the applicant to obtain collateral for their property. It is the bank that deals with it. Very simple and with quick approval, leasing means there are no sales taxes to pay when acquiring the equipment.

Finally, with all these advantages, leasing is certainly a financing method that could help you increase your business and become more profitable. Contact us immediately for more information. However, if you believe that leasing is the solution for you, go directly to our online credit application!

How to know if leasing is the solution for your business?

As an entrepreneur or manager of a business, it is perfectly normal to want the best for your company. So many choices are available on the market to get the equipment you need to increase growth and profitability. Is leasing really the ideal solution for your business?

A specialist at SFL Leasing Group will be able to establish the best plan for financing your work equipment that is adapted to your situation. If it is not leasing, we can guide you in the best decision and the steps to take to complete your equipment financing project.

As leasing experts in Canada, we work closely with our suppliers to provide the best financing solutions and rates tailored to your needs.

Leasing is a quick and easy financing solution that is accessible to all self-employed individuals and businesses. To know more, do not hesitate to contact us now. Without knowing it, leasing could be the solution you’ve been looking for for a long time. Our specialized team will be able to answer all your questions and assist you in your equipment financing.

Five Easy Steps to Finance Your Equipment at SFL Leasing Group

With SFL Leasing Group, financing your dream business equipment has never been easier. Follow the five steps below to get lightning fast lease financing approval:
  1. Fill out our online credit application.
  2. Choose the equipment that will allow you to grow your business and the name of the supplier. For ideas of equipment that can be financed, consult our Financing industrial and commercial equipment section.
  3. Our team will process your application and send you an answer within 24 to 48 hours.
  4. SFL Leasing Group will guide you in signing the contract for your equipment lease financing.
  5. Hurray! Your equipment is ready to be delivered.

What are the types of leasing?

With equipment financing at SFL Leasing Group, you can benefit from financing adapted to your budget as well as your daily reality. You will be able to benefit from flexible payments and professional service with our team of experts.

At the end of your contract, different purchase options will be available to you, including:
  • The $10 call option
  • The 10% to 40% purchase option
  • Equipment market value
  • Return the equipment to the supplier
No matter what your situation, we will be there to support you and choose the best solution for the sustainability and productivity of your company.
What are the types of leasing?

SFL Leasing Group: The experts for your equipment financing

Through the years, SFL Leasing Group has become the benchmark for financing your business equipment across Canada. With a true passion for financing, our team will guide you and find the answer to your needs in terms of financing equipment of all kinds.

We work with brokers, who are well versed with each financial institution’s approval criteria so that you can direct your application to the right place. This is a quick and easy solution to save you time and money. Our great flexibility gives us greater financing power and a multitude of options, all available in one place. Over the years, we have contributed to the success of businesses in Montréal, Gaspésie and throughout Canada.
Our years of brokerage experience and our flexible and professional services will help your company stand out from the competition. SFL Leasing Group is composed of an experienced and attentive staff. Our priority is and will always be that you are the winner of your equipment financing. Contributing to the success of your projects is important to us, and we know how important your company is to your life. We are here to help you grow it day by day, and our lease financing services can help you: with simple and quick approval, it has never been easier to get your dream equipment.

Discover our corporate culture with our four basic rules

At SFL Leasing Group, our mission is simple: to grow businesses by offering them our experience and expertise with our network of lenders. In addition, these four rules are essential, and we comply with them every day:

  • Total integrity we believe that to provide exceptional leasing services to our clients, honesty is essential. You can count on our exemplary professionalism.
  • A positive attitude: we think it is very important to always see things realistically, but always with a positive outlook for every situation. Our team works daily to find the ideal solutions for our companies.
  • The clients’ interests take precedence: our priority remains your satisfaction with our work equipment financing services. The pride felt when our clients get what they need is unparalleled and that’s why we continue to help all kinds of businesses grow every day.
  • We accept nothing less than excellence: our team works hard to find the best plan for your business and implement it. Whether by leasing, factoring or refinancing equipment, our experts in the field guarantee a high-quality service.

Our reputation is second to none. Do you believe leasing is what you need to finance new equipment for your business? Contact us immediately or fill out our credit application.

For gym equipment, office equipment, industrial equipment of all kinds and more, apply for funding in just 30 seconds!

Did you know…

Our website has a blog section with several interesting articles about industry-specific equipment financing? Discover them by clicking right here.

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