Macbook Financing: Finding the Right Plan

If you buy a new laptop through financing you can greatly improve your credit score. Should you choose to receive a loan or some other type of finance solution for a Macbook laptop, you will greatly be able to increase your credit ratings which will make it simpler for you to receive loans later (you will also get lower interest rates). Credit card financing, financing through a bank, and financing through Apple are the tree main ways you can purchase a Macbook via financing. All of these Macbook financing options have a number of pros and cons. The option you choose will also determine the exact interest rates and contract terms.

One of the first options you should look at is financing from Apple, this can be done either through the company or at their website. There are a number of different offers and deals for people who are interested in buying desktops or laptops from them. One example is the deal they have through Barclaycard for 1 year same as cash financing for individuals purchasing an Apple for their first time (they must spend at least 900). This deal only applies providing you are able to pay off the computer within 12 months. If the hardware you’re looking for is under $900, then Apple also has a 0% financing plan for first time buyers, this deal is for 6 months. So if you need to finance a Macbook you should first check out the deals available by Apple at their store.

A second solution is going to a local bank, most banks have financing options made available for people who want to buy a computer. Although the Apple deals are better because they are specialized for computers, banks can still have fairly competitive offers. The US Bank for example has a few options available for those who have interests in Macbook financing. The Premier Line for the US Bank also offers varying interest rates which will be depend on how much money you spend. For example, if you spend over 2500 then you will get an interest rate of about 5.25.

Depending on how much money you spend, other purchases may be from 6.25 to 7.25. If you have to pay your Mac over a few years then you should certainly get your loan from banks instead.

The third option is to finance via a credit card. These cards are now accessible to just about anybody regardless of where they are in the world, almost everybody can also qualify for them. Even if your credit is bad you will still be able to obtain a credit card easily. There are hundreds of places you could obtain a credit card, the most common place to go would be a local bank. You could also apply for one online. Different card credit services have their own special deals and perks so you should research into what available options they have.

Macbook financing isn’t as hard as it sounds once you have a set plan. These three options should give you some good ideas to help formulate a plan that will work well. If you still aren’t sure how to finance your computer then continue to research until you get a solid plan.

Work With Equipment Leasing Finance Companies For Industrial Equipment and Computer Financing Needs

The decisions need to be made – namely should you lease or buy your new industrial, business equipment or computing technology. And are equipment leasing finance companies your best solution for your business financing needs.

Sooner or later all companies in Canada need to choose between leasing equipment, understand the benefits of that finance decision, and most importantly know who to turn to or partner with for their leasing acquisition financing needs.

Lets make sure you understand why you should carefully consider the key benefits of lease financing and ensuring you have made the best equipment acquisition decision. While it’s a U.S. statistic, we’re pretty sure that its the same here in Canada – namely that sooner or later over 80% of all business chooses lease financing as a business option for acquisition needs.

That eight out of ten ratio is a powerful one, so why in fact did those firms choose this method of business financing. The answer is actually quire easy, Benefits! Let’s examine the key benefits you should focus on, and, as importantly, ensure you understand the costs, any risk, and the processes involved in making a solid leasing decision. It’s all about doing your homework, being prepared, and working with the right parties.

So lets first recap those benefits. The bottom line is flexibility, and with this type of financing what else could be more suitable. Simply because whether you are a start up, or Canada’s largest corporation, whether you are leasing a photocopier, shop floor equipment, or computing technology.. you guessed it, equipment leasing finance companies do that.. for your firm!

Worried about your equipment or assets becoming obsolete – (think computers!). Don’t worry, simply match your lease to the term of the expected useful life of your computers, telecom equipment, software, etc. Worried about being burdened with asset disposition at the end of the lease term. Don’t be. Simply enter into an operating lease that allows you full control in returning, keeping,or even upgrading that asset.

It of course always come back to cash flow, and we can assure you that its easier to make a 3k monthly payment than to write a cheque out of your operating line of credit for 100k. Whether is computers, industrial business equipment, or your corporate jet its always about cash flow and working capital conservation in business. Having just come through the 2008-2009 recession cash flow and its conservation still remains king.

There are many slick tools to determine whether you should lease or buy assets – they are available everywhere. We always encourage clients to make an informed lease versus buy decision for their asset financing needs. And, getting back to those benefits, numerous accounting and tax implications also play favoruably to the leasing decision.

Are there any disadvantages to lease financing? We don’t really call them disadvantages, but there is no perfect holy grail for business financing, and when you lease you should understand of course the agreement is non cancellable, might have miscellaneous admin fees attached to the transaction, and on occasion a down payment or first and last months payment might be required for credit reasons.

So, whats next then? If you want to meet your equipment leasing finance needs seek companies that are your best partner for asset size, your firms credit quality, and suited to your geographical needs. Don’t have a lot of time to investigate the process? Simply speak to a trusted, credible and experience Canadian business financing advisor who will work throughout the process with you, successfully.

How To Get And Finance A Franchise Purchase In Canada

The decision to both get a franchise opportunity and then finance a franchise purchase are of course intertwined. Is picking the right franchise more important than financing the new business venture? – we’re not sure – probably equally as important – but let’s look at some solid tips and info on franchise financing in Canada, how it works, and how that choice or pick you just made can be translated into a successful entrepreneurial career.

There is a whole industry known as ‘ franchise consultants ‘ that have the skills and ability to help you assess which type of business best suits yourself. If you talk to these people it always comes down to matching your basic personality to your business strengths and interests. Your ability to match those against a solid business opportunity in the franchise industry will ultimately be your success.

We’re the first ones to agree that when you pick a franchise that matches your skills and overall financial capacity your chances of profit and success greatly improve.

So, you have made you finance decision, now how do you get and finance a franchise purchase. In Canada there is one major program our clients use to qualify for franchise financing – it’s a loan program called the CSBF / BIL program, which is the way in which the majority of franchises are financed in Canada. Utilizing this program properly will guide you ultimately to a well financed business that should allow you to meet your personal and business goals.

Your ability to get a franchise purchase closed successfully requires you meet the requirements of your franchisor, i.e. your new business partner so to speak, as well as the lender. You need to understand your initial costs, which are often a combination of soft costs and hard costs. In our experience you will have greater challenge financing the soft costs; they include the franchise fee, and other misc items that are not tangible assets.

The BIL/CSBF program we mentioned covers assets such as fixtures, equipment and also leaseholds. Your ability to finance leaseholds under a franchise loan is very important, as these items are typically not able to be financed under conventional means.

Money. Yours and the lenders. By that we are referring to your ability to put a reasonable down payment, or what the lender calls ‘ equity ‘ into your transaction. And, you’re right. We already know your next questions, because it’s been asked a thousand times: ‘ How much do I have to put into the business to get and finance a franchise purchase properly ‘. Answer: It depends, but a typical franchise investment should be in the 30 -40% per cent range to allow you to have the right combination of both debt ( i.e. borrowed funds) and equity – which is your cushion that allows you to maintain proper leverage around how much debt the business can manage.

One mistake many new franchisees make is that they finance the business from an opening purchase perspective, and aren’t focusing on ongoing working capital needs, which is in our opinion just as important.

In summary, use you own skills or that of a consultant to match your strengths and experience and personality to a franchise that will work for your from a personal and financial goal perspective. Speak to an experienced, credible and successful Canadian business financing advisor on how to best structure the finances around your purchase. Utilize the BIL/CSBF program to the maximum that you can, as it provides solid terms, minimal guarantees, and great rates and flexibility.

P.S. Keep us posted and congratulations on your new role as business owner and entrepreneur.

Borrow Against SRED Claims – Use (SR and ED) Tax Credits and Finance For Cash Flow!

In the world of finance more often than not today is better than tomorrow, and when it comes to borrowing against your SRED claims your ability to monetize SRED tax credits for working capital is the ultimate win win situation. Here is why!

The Canadian governments Scientific Research and Experimental Development (aka ‘SRED’, ‘sr&ed’) program provides in the area of 4 Billion dollars per annum to Canadian businesses in the form of a non repayable tax credit cheque. The only reason you wouldn’t get your cheque is if you had corporate tax arrears, and that’s still a good thing we think, because at lease then the government offsets your tax arrears with your credit. (By the way, we don’t recommend tax arrears as a financing strategy!)

Your company is using the program for all the right reasons, i.e. improving products and services, staying competitive, etc. But many firms either haven’t heard of or lose sight of the fact that the SRED tax credits can be even more ‘accessible ‘ if you will, when you borrow or finance your claim.

Turning your SREd tax credits into valuable cash flow and working capital moves you one step ahead of your competitors we have always maintained to clients. Why. It’s simply the old finance adage that a dollar today is worth more than a dollar tomorrow, as it can be re invested in your operations for a variety of reasons.

A typical question we get from clients considering the financing of a SRED claim is ‘ what are we allowed to use the funds for?’. And of coruse they love the answer, which is simply for any general company purpose you choose – typically that becomes reduction of working capital, clearing up or lowering payables, and just general day to day operations.

Financing your SRED claims in essence ‘ invigorates your working capital.

So who finances these claims and how would be describe the process. Is it complicated; easy, how long does it take? Those are the typical client questions in consideration of SRED finance.

We can make a broad pretty safe statement that banks in Canada don’t finance sr&Ed claims for your tax credits. If they do, it is in conjunction with other security and arrangements you have with your bank. Most firms we talk to either have approached their bank, been declined, or simply have not been aware that sr Ed credits can be financeable.

We recommend you speak to a trusted, experienced and credible Canadian business financing advisor who is knowledgably in the area of SRED tax credit finance. That will shorten your process, maximize the amount you can receive under you claim, and in almost all cases simply reduce the time and effort you might normally expend to investigate SRED financing.

The reality is that a SRED finance expert can usually originate a full financing of your claim in a manner of a couple weeks, allowing for simple basics such as an application, review of your actual SRED technical filing, etc.

So, can you borrow against SRED claims? The answer is of course yes. Should you? That’s your decision, but if you need cash flow and working capital today from a non repayable government tax credit that you certainly know what to do now!