When we look at the statistics for business equipment financing in any industrialized country, Canada being no exception, we find that a very significant portion of Canadian business uses equipment financing and leasing to grow business and profits. In the current very difficult 2009-2010 financial environment equipment financing continues to play a dominate role in business growth and asset acquisition.
The general economy always plays a very important role in the over all use of leasing activity. It is of course interesting to note that lease financing grows in prospers in good and bad times. One could certainly make the case that we are in ‘bad times ‘in early 2010. Although we see significant signs of improvement all around us.
Ironically business equipment leasing can grow equally as fast in these ‘bad times’ we mention. Why is that the case? Well it is simply a function of overall business credit and liquidity being less available, with customer banks cutting back on term lending
to read the entire article go to http://assuredlease.lifestyleezine.com