Successful Ways to Get Equipment for Your Business Are you considering leasing equipment for your business? It’s a smart move, especially for small businesses looking to conserve capital and maintain flexibility. However, before you dive headfirst into a leasing agreement, it’s crucial to understand the potential pitfalls and how to navigate around them. Here are 7 common mistakes people make when getting a lease, and how you can avoid them to ensure a smooth and successful leasing experience. 1. Not Reading the Fine Print: One of the biggest mistakes people make when entering into a lease ag ..read more

Use an Equipment Leasing Pre-Approval to Bid with the Confidence of Cash Staying ahead in business often means seizing equipment buying opportunities when they arise. For entrepreneurs and small business owners, participating in heavy equipment auctions can be a game-changer. Picture this: you’re eyeing that essential piece of machinery at an auction, but uncertainty looms over your bidding power. What if you could bid with the confidence of cash? Well, with equipment leasing, you can do just that! Pre-Approved Lease: Your Equipment Auction Advantage Think of an equipment leasing pre-approval ..read more

Navigating Approvals for Your Next Equipment Lease In the dynamic world of business, staying ahead often requires acquiring the right equipment for the job. Many small businesses in Canada rely on equipment leasing to obtain the necessary assets without burning a hole in the budget. Nothing is more frustrating than getting close to a lease approval, only to be turned down because of a credit score. Especially if you didn’t realize your credit score was low or damaged. Let’s take a look at a crucial aspect of equipment leasing approvals – your credit score. Understanding Credit Scores in Equip ..read more

Determining when Equipment Leasing is Applicable to Your Business In the dynamic landscape of Canadian small businesses, the need for flexible and affordable options to acquire physical assets is paramount. Whether you’re navigating the challenges of business growth, fulfilling new contracts, or simply aiming to preserve cash capital, the option to lease equipment can be the right choice. We often hear these two questions: “What can I lease?” and “Can I lease this?” Other times, business owners simply don’t even realize that they could lease a certain asset. You may find that equipment leasin ..read more

Craft Compelling Listings for Your Equipment for Sale Online marketplaces have become a crucial platform for buying and selling used equipment. Small businesses in Canada are increasingly turning to online classified platforms to find the right equipment at affordable prices. This trend in consumer behavior presents a lucrative opportunity for equipment sellers, and adopting effective techniques can significantly enhance your success in this competitive market. Some of the popular online classified platforms include: Kijiji Facebook Marketplace MarketBook Machinery Trader Auto Trader Craigsl ..read more

Maximizing Tax Benefits for Canadian Small Businesses When it comes to equipping your small business, the financial considerations can be a major concern. Acquiring essential equipment without putting a significant dent in your budget is a priority for most business owners. This is where equipment leasing steps in as a prudent financial solution, offering not only flexibility and convenience but also significant tax benefits that can positively impact your bottom line. The Tax Advantages of Leasing For Canadian small businesses utilizing equipment leasing, there are two key tax benefits that ..read more

What’s the Difference and Which Should You Choose for Your Business? When it comes to acquiring equipment for your business, you’re faced with choices: should you lease or rent? At first glance, it might seem like a potato-potahto situation, but there are crucial distinctions between these two options. Let’s break it down so you can make an informed choice based on your small business needs. The Basics: Leasing vs. Renting Equipment Leasing: Leasing is like that sweet spot between owning and renting. It’s a structured, often long-term agreement where you gain access to the equipment you need ..read more

Unlocking the Hidden Value of Old Equipment As a small business owner, it is important to seek ways of optimizing business operations while managing costs effectively. When it comes to acquiring equipment, while many business owners take the approach of buying brand-new equipment or machinery, there is a growing trend toward leasing older equipment such as trailers, excavators, trucks, and other heavy machinery. Leasing older equipment can offer several benefits that are often overlooked. Let’s explore the benefits of leasing older equipment and shed light on why it can be a smart choice for ..read more

Developing Your Strategy for Small Business Success Whether in a mining, construction, or agricultural industry, small business owners can face some unique challenges when it comes to running a successful business. Utilizing effective strategic planning, on-going business management and a focus on growth is essential to business success. Here are some tips to achieve success in your industry and grow your small business: 1. Define a Clear Vision and Goal In order to plan for success, you need to have a clear vision and goal. Determine where you want to see your business in the next five years ..read more

Leasing Can Be Your Gateway to Business Growth When it comes to leasing heavy equipment, small businesses have several options to choose from. Each type of lease has its own benefits and limitations, so it’s crucial for business owners to understand these options and select the one that best suits their needs. Leasing allows businesses to free up cash that would otherwise be tied up in heavy equipment, machinery, or trailers, enabling them to allocate those funds toward operating expenses and business growth. In this article, we will explore the benefits of equipment leasing and discuss the d ..read more