Sale and Leaseback Financing

Sale and Leaseback Financing – What is it?

A sale and leaseback financing transaction is where the company sells it free and clear assets and leases it back simultaneously. These transactions can range anywhere from $50,000 to $6,000,000.

This article will encompass the following types of industries and discuss its particulars:

” construction equipment

” manufacturing equipment

” production equipment

” yellow iron

” dump trucks and trailers

” agricultural and farm equipment

” and other heavy equipment

Many seasoned lenders have come up with many industries standards to make the available credit pretty much standard. The first area that the lender will consider is the the value of the free and clear asset that is going to be sold and leased back. Each lender’s formula is somewhat similar but they usually value the acquired asset somewhere between 50%-70% of the auction value. This auction value will come from trade publications and other standards in the industry for these particular assets.

Once the auction value of the asset and/or assets is established, the lender will look at the applicant’s credit. Some lenders will consider the credit irrelevant as they focus on the auction value of the asset. Other lenders will obtain the credit and grade them according. These lenders will come up with a score and give the applicants different lending rates depending upon their credit and the asset involved.

The lender will lease these bought assets anywhere from 24-85 months back to the applicant. Additionally, the lender will offer residual buyout clauses anywhere from 25% residual to fair market value of the asset at the end of the lease. This will keep the applicant’s monthly payment as low as possible.

Sale and Leaseback Financing – What is Required?

Usually, what is required from the applicant is:

” personal financial statements

” a lease application

” a summary telling about the deal and its particulars

” and a detailed equipment list, identifying the assets to sold and leased back

Obviously – bills of sale and title work will have to be performed by the lender.

The proceeds of the these funds can be used for working capital, debt re-structuring, equipment acquisitions, and paying off judgements and other liens.

Sale and Leaseback Financing – Unique Features
Some other unique features of the sales and leaseback program is that usually these transactions are:

” non-bankable type transactions

” home ownership isn’t required

” and poor credit isn’t an issue!

In conclusion, we suggest you shop around for the best deal for yourself and understand all the particulars of the transaction. Hopefully, this article about “Sales and Leaseback” financing assists you with your decision making.

J.M Luna has over thirty years experience in the financial field. This includes accounting and taxes, leasing, hard asset money and working capital loans, and commercial financing. U.S Corporate Capital Leasing Group can assist the startup and seasoned business in all different types of industries.

Auto Loan Financing – Finance Assistance For Bad Credit

Bad credit may get you to make higher loan payments, but by means of bad credit auto loan financing you can avoid this. Though, lower rates on auto loans for bad credit are not impossible but may be difficult to dig out. Again, there are those deceptive lenders to lure people with bad credit with ‘lucrative’ loans that end up containing one or more hidden charges. Therefore, it is essential to browse through plenty of loans and compare them thoroughly to avoid falling prey to these fraudulent lenders.

Bad Credit Auto Loans With Good Deals

Most consumers with bad credit feel awkward to approach lenders fearing that their loan application might get rejected due to their credit status. Usually, lenders scrutinize borrowers’ credit reports to identify their capability to repay the loan. Hence, negative points in one’s credit reports negate chances for him or her to receive loan approvals. Many consumers assume their present credit status can offer them no help to finance their car purchase, this is why, they simply step back. It is true that users with blemished credit report might not get cheap deals as those with strong credit standing, but, bad credit auto loan financing offers good opportunities to improve credit history.

The market is flooded by a number of entities to devise auto loan financing schemes for people with bad credit. So no more worries. Even if you fall behind the score, you do not fall behind an opportunity of buying the car of your choice. Whether it is an old or new car you want to buy, lenders have different auto financing plans in place for you, regardless of your poor credit status. There is variety of car loans for those with poor credit status including used auto loans, car loan rates for new cars and many more. Therefore, if you are out to shop for bad credit car loans, make sure you shop around till you drop.

There is one more way to catch up with your local lenders and far off lenders offering you loans with different quotes. It is at home that you can find them crowding with multitude of loan quotes, on the Internet. Today, lenders have found a niche through the Internet to expand their horizons of business and to tap targeted customers who seek solutions at their fingertips, from the comfort and privacy of their home. This is the best way to avoid fraudulent lenders as you may access sufficient information on their operations on the Internet. As you collect more loan quotes, you can spend more time in comparing quotes of auto loan financing and keeping aside fraudulent operators from your list.

Before you shortlist genuine lenders and actually discuss with them plans about auto loan financing, you will get a clear idea of what your monthly installments will be. You can use the online auto loan calculator that most sites contain. It is one of the best advantages of shopping for auto loan financing for bad credit online as you get an instant estimate whether you can repay the loan that is on offer.

Restaurant Finance Assists Struggling Restaurants With A Merchant Advance

In the economic condition in which we find ourselves in at this time, it’s tough to muster up cash flow for fresh operations for your business. Merchants are repeatedly met with reluctance when they desire financing for crucial procurements or retouches, because financial establishments will more likely become hesitant to advance capital than in latter times.

Nonetheless, it is not abnormal for a corporation to apply cash abruptly, and a factoring arrangement may be just the key.

When you create a merchant account you may discover that your account representative presents not purely credit card transactions. Several merchant loan account specialists administer a thorough scale of company advantages from online advertising to restaurant finance. Those that extend restaurant finance do so through factoring commitments. Factoring is a transaction composed amid the company and the merchant cash advance industry where the company effectively sells a split of its forecast future credit card commerce at a concession for capital right away.

Business cash advances are experiencing a surge in use as financial establishments demand extreme regulations on obtaining a small business loan. Factoring arrangements are not specifically loans, which implies that your credit rating, collateral and additional elements the financial institutions could calculate do not even come about. Seeing that you can confirm that your corporation brings in a firm total of funds through credit card commerce monthly, you’ll be capable to acquire some financing, a very exciting portion of knowledge for fresh corporation owners with a small amount time in business to back them up.

If your merchant loan account specialist does not provide factoring commitments you can run across countless brokers online that will. Check their offer cautiously and be positive that they obey “best practices” models. You should distinguish to begin with how much you will be required to repay as a daily capture quota, whether there are certain costs related with the application process and considerably more. Before you locate an arrangement that achieves your requests, you can acquire your merchant account loan in a few days. This is much quicker than a standard small business loan.

For many years, Daniel Samoohi has served as a reputable source of information regarding restaurant finance. For dependable answers and advice on restaurant finance visit him at Merchant Cash Finder.

Do You Want to Learn More About Bad Credit Auto Financing?

Have you often wanted to possess a vehicle? Are you tired of your old worn out automobile? And have you decided to purchase yourself a new automobile? Then poor credit ratings should not keep you from driving an inexpensive, late-model vehicle. It is possible to drive a nice car, truck or SUV even with a bankruptcy, poor credit rating or slow credit ranking. It can be comfortably offered with Bad Credit Auto Financing. With all the help of the numerous lending organizations readily available to finance your vehicle, even when you’ve poor credit standing, your dream car or truck can now become a reality very easily and in extremely little time.

Each individual has a number of responsibilities in life and sometimes fulfilling them demands making specific sacrifices whether it be not becoming in a position to invest in a car or truck to drive from house to the workplace or not getting able to give a child their initial motor vehicle right after they get their license. You might even have to make do with your cranky old auto on account of lack of credit rating.

With all the present economic downturn as well as the instability and pink slips in the job market, borrowers are now all the extra unsure about buying a vehicle. This is where bad credit vehicle financers come into play since they understand the difficulties you’re facing and so have designed policies to ease all your difficulties. A lot of times, buyers with bad credit are duped by unscrupulous dealers who charge them a high interest rate APR on the funds that they lend them. They lie to them, telling them that the bank needs them to obtain an extended warranty and credit rating life insurance and also lie to them about their credit ranking score, telling them a much lower score than the real one. This adds to their woes and lending credits. It truly is for that reason advisable to sort out your monetary situations and engage the services of a bad credit auto financing firm ahead of purchasing a automobile mainly because inside the end you would not wish to have to sacrifice high quality because of lack of funds.

A very good car financer that finances you in spite of bad credit ought to be 1 that will need to value your money like you do and would unselfishly work with you to sort out your difficulty, considering your needs just before everything else. Most bad credit auto financing firms solve your monetary complications and lend you the expected bucks in a matter of days. That you are expected to fill out your applications and submit them, which is quick due to the fact that your representative will guide you in all procedures and verifications following which they finance your motor vehicle purchase. This eases the decisions that were giving you sleepless nights until a few days ago.

The Special Finance departments at your local dealerships do a super job in helping folks with poor credit score discover the needed financing to come across the motor vehicle which will meet their budget requirements. Using the proper bad credit auto financing assist you may have the confidence to walk into a dealership and pick out the automobile of the choice without having to worry about the funds you owe your lender

Debt Consolidation Finance – Funds To Assist You Remove Debts

Those individuals who are trapped under debts always try to make a conscious effort towards controlling the debts and eventually finishing it off. But lack of finances is a major impediment which restricts the individuals from doing so. To these individuals, debt consolidation finance can be of great help. The money obtained under these finances assist these debtors to remove all their debts and become debt free.

The finances offer sufficient money to the loan applicants so that they can wipe out all their existing debts. The debtors consolidate all their unpaid debts in to a single amount. The consolidated amount is then paid off with the help of the finance. Usually debtor has to make multiple payments towards all the creditors that too at varying interest rate, while in this regard debtor has to pay a single monthly installment towards paying off the finance at very cheap rates. This implies that borrower can now save a lot of money on interest rates.

In the financial market, the finances are available in both the forms. Applicants who can pledge collateral can opt for secured form of the finances. Under these finances, you can obtain a bigger amount, which is actually based on the equity value of collateral. Besides, the presence of collateral provides security to the borrowed amount. This in turn helps the borrower to avail these loans at cheap rates as well as simple terms and conditions.

The unsecured option of the finances can be availed without involving any collateral. This loan option offers a limited amount and is best to clear debts of smaller amount. In case of bad credit borrowers, the finances can be of immense help. The finance offers a chance to the borrowers to improve their credit score by paying back all the debts.

To instantly access debt consolidation finance, borrower can use the online application. The lenders process the finances in such a way that it gets approved instantly. With a large number of options available, borrower can select the best deal by comparing the quotes.

With the finances, borrower gets a new lease of life by paying back all the existing debts.

How To Leverage SRED (SR and ED) Tax Credit Financing And Factoring for Cash Flow

Leveraging your SRED (SR&ED) Tax credit via the financing and factoring of your claim is a responsible way to maximize cash flow and working capital. It’s all about timing, and if your firm requires additional working capital financing the ability to cash flow or discount your claim for working capital today is a clear and viable option.

Canadian business owners that partake of the program in Canada clearly have recognized the benefits of research and furthering their competitive position in product and services. Although tens of thousands of firm take advantage of the program we are always amazed at the number of our clients that either have not heard of the program, much less take advantage of it.

Let’s do a short primer on the program, and more importantly, the financing aspects of your claim. And trust us, we are not talking about going to your chartered bank for that financing, as this type of financing is somewhat boutique and niche requires specialized financing and financing assistance.

The federal SRED program is s of course for private companies that qualify for a non repayable tax credit, in effect a grant from the government for a large percentage of their R&D spending. Your ability to recover that cash flow is of course a very positive aspect, but, the ability to finance your claim as soon as it is filed, ( in some cases before ) simply is one more alternative in today’s challenging cash flow environment to monetize a short term asset and turn it into cash flow.

So how does SRED (Sr&Ed) tax credit financing and factoring work? We use the term factoring because its becoming more broadly understood and accepted in Canada – so what we are simply saying is that your SRED (sr&Ed) claim is in effect a receivable, and in the same manner that you would consider financing a receivable is really the same logic and methodology around a SRED financing.

Is it difficult to finance a Sr&Ed? We keep that explanation to our clients very simple. If you have a SRED that has been prepared by a qualified consultant or accountant and your company has viability then your claim is finance-able. Is that complex, we don’t think so.

Have you ever applied for any type of business financing before? What was involved? – Typically it was filling out an application, providing back up documentation, and clarifying, if required to a business lender, any information that required explanation. Guess what, that’s the SRED process also.

A claim can be financed in a matter of weeks, which we think is a very typical time for any type of business financing these days. After a basic business application and review of your SRED a term sheet is issued. Typically the main collateral for the financing is of course the SRED claim itself. In Canada its typical to receive about 70% LTV for your claim, meaning that if you calim is 300k you would receive immediate financing for 70% of that amount. Whats the monthly payment clients ask? Here’s the good news, there is none. You put that cash flow to work and when your claim is finalized, adjudicated and paid by Ottawa then you receive the other 30% of your claim, minus of course the financing costs, which typically are in the 1. 5 -2% range per month.

Speak to a trusted, credible, and experienced Canadian business financing advisor on how SRED (SR&ED tax credit financing and factoring works. Cash flow today from a government non repayable grant – How could you not consider that option!

Franchise Finance in Canada – Financing Your Canadian Business Purchase

Franchise Finance in Canada calls for both you as the owner, as well a lender, to, on a combined basis, complete the financing you need for a franchise acquisition. In Canada you could of course be acquiring a new turn key franchise from a U.S. or Canadian franchisor, or in many cases also considering the purchase of an existing franchise.

Several key questions are always table by our clients – inevitably they are:

-How much do I have to put into the business as my own investment?

-Where do the other funds come from?

And, oh yes, how long does the process take!

We always encourage clients to start thinking of financing very early in the process. A great place to start is often, guess who? Your franchisor! That is simply because if they have a multi unit system already in place they usually have a strong indication of how these franchises were financed. Information you obtain from the franchisor or other existing franchisees is invaluable, as the franchise financing journey is a puzzle to many.We also are quick to add that you should never expect financing assistance from a franchisor in the form of loans, etc – The franchisor grows their business from selling you franchises, not loaning you money.

In the U.S. the majority of franchises are financed via the SBA, which stands for Small Business Administration. This is a government sponsored / funded loan, and Canada has a similar program that is commonly known by several different names – they are SBL, CSBFL, and BIL. All of these are acronyms for the same program.

You should most certainly incorporate your business to both gain access to business credit as well as limit personal liability. Personal liability under the Canadian version of the program is limited to only 25% – that’s a great deal for the business owner, as it of course limits your risk.

Most franchises in Canada are financed via this program. Sounds good so far right. We simply point out to clients that achieving success in this financing program is simply a case of:

– ensuring you understand the basics of the program – i.e. what it does not do

– complying with the information required by the program

When planning your franchise financing focus on what amount you can contribute personally to the business, and also understanding the components of financing you need. What are those components? They are:

– Soft costs ( example – franchisee fees, pre paid rent, etc )

– Equipment

– Leaseholds ( if required )

– Working capital

We can’t over emphasize the need to work with an experienced and credible business financing advisor who preferably has a track record of franchise financing success. A thorough business plan, the right advice, and understanding you’re financing needs – all are critical elements to franchise financing success!

Trends in Assisted Living

Assisted living communities have become increasingly dedicated to innovation and an emphasis on hospitality in order to remain competitive during challenging economic times. Understanding the resulting assisted living trends will be helpful to families that are in the process of exploring the various options available for aging loved ones.

Assisted Living Trend #1: Wellness Programs to Enhance & Promote a Healthy Lifestyle

In 2009, the age of residents moving into assisted facilities nationwide averages 84.6 years. As seniors continue to wait longer and longer to leave their homes and move into senior living communities, the industry seeks to extend their length of stay by promoting health and wellness among their residents. Nearly every major competitor has developed a multi-dimensional program to include a variety of exercise classes and/or access to neighborhood fitness clubs, healthy meal options as well as spiritual and educational opportunities. Amenities and services that reflect this emphasis on wellness include the availability of on-site massage therapy, exercise equipment made specifically for seniors, computer training with specialized equipment and large screens as well as flexible hours for dining to accommodate medical appointments and activities. The success of such programs improves the general health and well-being of current residents and attracts new residents who are increasingly dedicated to maintaining their active lifestyles.

Assisted Living Trend #2: Larger Apartments and Increased Apartment Amenities

Between 2006 and 2009, the number of apartments in assisted facilities has decreased from a nationwide average of 63 to 54. This statistic reflects a trend in combining two apartments in order to accommodate residents who prefer larger living spaces. Whereas studios used to be the most common type of assisted living apartment, one-bedroom units are now more preferable and allow residents to keep more of their furniture and belongings that make their new apartment feel like home. In addition, many couples currently moving into assisted facilities prefer separate bedrooms for improved sleeping. Amenities frequently include spacious walk-in closets, 9-foot ceilings, balconies and/or patios to accommodate pet owners as well as enhanced kitchenettes with microwaves and small refrigerators.

Assisted Living Trend #3: Increased Flexibility in Financing Assisted Living

In light of current economic conditions, an increasing number of assisted communities are participating in Medicaid. According to a collaborative research project conducted in 2009 by the Assisted Living Federation of America, nearly half of responding assisted care providers have licensed up to 25% of their apartments for Medicaid. Other communities that may not accept Medicaid are partnering with companies that provide financing options such as a line of credit to facilitate move-ins prior to home sales. These types of options are very helpful to seniors who are reliant on the equity in their homes in order to afford assisted care. Given the number of veterans currently moving in to assisted facilities, providers are also dedicated to publicizing and promoting the Veteran’s Aid & Attendance program. For more information about eligibility requirements for this program, visit the Veteran Aid website. Finally, it’s never been a better time to ask assisted living communities about waiving entrance fees, locking in current rates and receiving assistance with moving expenses!

SeniorHomes.com is a free resource for people looking for senior housing or senior care for a loved one or themselves. With valuable articles and a comprehensive directory of care options, SeniorHomes.com is the best place to start your search for assisted living, independent living, Alzheimer’s care, a retirement community or home care.

Film Television and Animation Tax Credit Financing – Canadian Solutions

Financing solutions and models continue to be sought after in the Canadian film television and animation tax credit financing area. Additionally other working capital solutions for Canadian productions in this area are also available and generally less known as to their existence and their ability to assist productions of Canadian content.

Early in 2010, as is by now well known by most players in the industry, the Canadian government at both the federal and provincial level ‘super charged ‘ tax credit grants and incentives. Rates and credits increased for specified expenditures by as much as 5-10 per cent in most areas of these tax credits. Additionally a fund was even creating for Intellectual property, with a projected funding of ten million dollars.

Productions with Canadian content are aggressively being produced and savvy principals in Canada are both taking advantage of these credits, and also financing them on an interim basis, or on completion.

A combination of private investing, government non repayable tax credits and even some participation by Canadian banks create a ‘tour de force ‘of financing assistance for Canadian content. Although a significant previous factor in Canadian growth was the cheaper Canadian dollar even the dollar at par now has not hindered Canadian productions in all three key areas, film, television, and digital animation. (And let’s not forgot those lesser known sisters – book publishing and music!)

Productions in Canada are of course financing in the same manner as almost anywhere else – equity by owners, tax credits, loans, and distribution deals. The most recent tax credit incentives in effect replace film tax shelters of previous days. In our opinion this method is more transparent, available, and takes a lot of the negativity associated with ‘tax shelters ‘.

So how do principals access tax credits and how can these tax credits be financed. Did you also know that financing is available on an interim basis also, so for properly documented productions you can obtain interim financing assistance that in many cases becomes a key up front component of your financing and will allow you to complete your project more advantageously from a financial perspective?

What are the basics of this type of financing – let’s review them. To say that film, TV and animation financing is a boutique industry in Canada is of course an understatement. For that reason we strongly recommend that you work with and speak to an experienced and knowledgeable advisor in this area. To access financing you must ensure your project or projects are eligible to be certified for any one or more of the six major tax credits that are available, for example, in Ontario. (We will use Ontario as our example, but each province has similar regimes to assist yourselves.) You should ensure you have created a single special purpose entity, essentially the legal shell under which your production or project will be qualified.

Carefully choose which credits you are eligible for, and ensure you apply for proper certification as soon as possible. Improper or incomplete certification only (as in any business financing process) slows down and stalls your tax credit and the ability to finance it.

Maintain proper disbursement and payroll records – we strongly recommend to clients that they use a specialized accountant or firm in this area. If you can demonstrate your background and experience, have proper certification in process, and are committed to document the project through completion by proper filing of tax returns and financials your tax credit can be financed as immediately as when it is accepted and provided to your project. If you seek interim financing for the same project, and are committed to maintaining and demonstrating the quality in the key fundamental areas noted above you are eligible for accrual financing, or cash flow and working capital assistance immediately even prior to the certification of your project(S).

In summary, ‘Hollywood North’ appears to be booming again. The economy has picked up, consumers want entertainment in all key sectors, and even the Canadian dollar has not deterred investment in production. Tax credits have increased, and even better yet, by working with the proper experienced partner your credits can be financing when they are certified, or even earlier if you can document a strong go forward action plan on disbursements, payroll, and your experience in this great area of the Canadian economy. And by the way, speaking to an expert in area doesn’t hurt – extra tips and assistance may be worth thousands or hundreds of thousands of dollars in cash flow and working capital for your projects!

How to Get Government and Finance Assistance For Your Business in Australia

Are you thinking of growing your Australian business further but haven’t got working capital and are thinking about government assistance to help you get there. Well here is some information to help you get there.

Some of your options are:
• seek government assistance such as grants or free information
• seek a government grants agency who specializes in obtaining assistance from government agencies
• seek banking finance

Government assistance There a couple of good websites which are really good starting point – Grantslink.gov.au – this outlines many runs and refers links to relevant information do some searches for keywords each relate to your business and subscribe to email alerts of grant areas of interest to your business. Business.gov.au is a great source of information. This also provides the links directly to local, state and federal government assistance programs.

For business startups there is generally no financial assistance, however there is free business advice. Such as the small business support line 1-800-777-275 or business enterprise community call 130-036-3551.

For businesses the startups stage are beginning to develop a good website is enterpriseconnect.gov.au. This is a free government service provides a business review to all businesses with a turnover above $2 million. They provide concrete suggestions on how to improve your business.

So generally speaking, for initial start ups there is government assistance in the form of information. But for established businesses further advice and specialized advice and grants may be possible.

Grants are a mostly used to encourage research and development projects. But they may be for many different purposes and varying amounts.

The federal government has recently introduced the small business online program. The idea of this program is for small businesses to develop web stop web presence and online business. You may be able to get a specialist web developer at low-cost or no-cost. Contact your local BEC for information on their course.

To check government websites is a useful source of information or to your business consultant or accountant for specific information.

Government assistance agencies

Companies looking for a successful business which would generate long-term tax paid and employees, exports and growth. It is important to demonstrate good management skills in the business in any grant application.

You must provide all information required in the application process, you only get one opportunity to make a good impression so it’s best to get it right first time. Also many of these grants may be closing so you need to get in while it remains open.

You need to be realistic in the amount you apply for, then maybe caps on the amount to apply for. Make sure you request the full amount to make the project work do not understate your requirement.

Try to be proactive in requesting government assistance programs, quite often people need this to when they are in financial difficulty. This may be too late.

Approaching your bank

your banker can be a valuable free tool, in exchange for services such as transaction products. They may be able to provide assistance in business decisions and question your planning.

If a bank cannot provide financing it will generally provide you advice on why you are unable to receive finance at this stage and may give you advice as to how to rebuild or develop to obtain finance in the near future.

Banks will tend to look favorably upon a strong application which includes security, business planning, financial projections, experience and management expertise.

Some simple short-term financing arrangements include overdrafts and business credit cards.

Longer-term finance over 5 to 10 years includes loans.

It is important to guard your business adequate working capital server it does not suffer lack of liquidity while growing down the track. Banks normally only take on quality applications so do try finance brokers if unsuccessful with banks.

Good luck. Search, ask and you shall find!