What Is Equipment Leasing?
Equipment Leasing allows businesses to acquire new or used equipment without large upfront costs. It provides flexible financing options, including long-term leases or sale/lease-back arrangements, enabling companies to preserve cash flow while gaining access to the tools they need to operate and grow.
Why Should I Consider Equipment Leasing?
Leasing equipment can simplify financing, reduce upfront expenditures, and provide tax advantages. Jackie Woodward helps Alberta business owners structure leases, explore sale/lease-back opportunities, and secure financing quickly and efficiently, ensuring you get the equipment you need without straining your budget.
Step-by-Step Guide to Equipment Leasing
Assess Your Equipment Needs:
Determine what equipment you need and how a lease can fit your operational plans.
Consult With a Broker:
Jackie reviews your business financials and recommends leasing structures and lenders that match your needs.
Gather Required Documents:
Provide business statements, asset details, and any prior lease agreements if applicable.
Submit Your Application:
Ensure all paperwork is complete and submitted promptly to secure approval and access your equipment efficiently.
Equipment Leasing FAQ
What is equipment leasing?
Equipment leasing allows businesses to obtain necessary equipment through a lease instead of purchasing outright, preserving cash flow and flexibility.
Can I use a lease to free up capital from existing assets?
Yes. Sale/lease-back arrangements let you extract equity from owned equipment while continuing to use it.
Are lease payments lower than loan payments?
Typically, yes. Monthly lease payments are often lower than loan payments, but interest and fees may apply.
Do I own the equipment at the end of the lease?
Ownership depends on the lease type. Some leases include an option to purchase, while others return the equipment to the lessor.
Can Jackie help me find the best leasing option?
Absolutely. Jackie works with multiple lenders to structure equipment leases that fit your business needs and financial goals in Alberta.
The Mortgage Girl offers mortgage services across Alberta, including Edmonton, Gibbons, St. Albert, Sherwood Park, Thorsby, Millet, Leduc, Stony Plain, Spruce Grove, Fort Saskatchewan, and surrounding areas, with the ability to assist clients anywhere in Canada.