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NetFinance is all about serving the middle
market as a one-stop resource for financing
solutions. Not only are we equipped to handle
the "hard to do" deals but, in many cases, we can even
improve on the current financing program.
We continue to update and add new innovative
financing products that fit your needs. Some
of the current financing products that are
available include:
Coming
Soon:
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Purchase order Financing |
If you have any questions, or need additional information, please do not hesitate to contact us.
BUSINESS
LEASING
Leasing has become one of the most popular methods of financing for equipment
and machinery acquisitions. In fact, 90% of all businesses use leasing
to acquire some or all of the machinery and equipment they use to run
their business.
Net Finance leasing programs provide the most efficient way for your business to acquire virtually any type of equipment, machinery or any other capital asset in Canada with:
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On-Line Lease Quotations |
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On-Line Applications |
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Operating and capital leases |
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Established and New Businesses |
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Same day approvals up to $60,000 |
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Transactions from $5,000 |
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Up to 100% Financing |
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Terms from 12 - 84 months |
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Tailored Lease Structures available |
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Guaranteed Residuals |
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Fixed competitive rates |
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No Fees or Obligation |
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Conserves capital and improves cash flow. Lease payments can provide the lessee with increased cash on hand, especially during the first year of use, since there may be less out-of-pocket cash for a down payment. |
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Up to 100% financing provided through the lease (which may even include shipping and installation charges), as opposed to a loan, which typically requires a significant down payment. |
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Hassle Free with NO annual review or requirement to provide annual financial statements to renew the financing. |
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Preserves bank lines of credit which are increasingly difficult to extend. Your available credit line remains intact at your bank since the lease is handled through and payable to another funding source. |
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Fixed terms and payments are predetermined so that you can accurately predict future equipment costs and cash |
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Tax Benefits allow you the opportunity to write-off your lease payments against your corporate taxes. You should consult with your accountant about your specific tax situation. |
Ready to request financing?
Proceed
to our Entrepreneur Section if you are ready to request financing.
Talk to one of our financial professionals to guide your financing request
and answer your questions. You can reach us by
phone or by e-mail. Get detailed information about business loans.
Our financial professionals understand the lending criteria, appetites
and strengths of each provider.
Click here to read about what some of these clients are saying about us !
If you are looking to create a more liquid balance sheet or need cash to meet short-term obligations, our sale of accounts receivable program can help you. Factoring is a way to protect your company against customer credit losses while converting your accounts receivable to cash. Our factoring programs buy your customer invoices in exchange for immediate cash to your business. See also Operating Loans.
Acquisition Financing
If you are looking to grow your business through acquisitions or buyouts, we can provide asset-based financing to help you achieve your expansion goals.
We can offer very competitive rates for new and used automotive lease financing.
| Term | 3 years to 7 years |
| Pricing | Prime plus 2% and up |
| Primary Security | Vehicle |
| Payments | Monthly fixed payments over the term of the lease |
| Prepayment | Subject to negotiation |
If your current lender is unable to meet your commercial financing needs, you should talk with us and compare. In some cases, we may be able to meet or improve your current financing arrangements.
Credit Card Terminal Financing
Financing of credit card terminals and other related point-of-sale equipment.
Refinancing helps businesses pay down current debt, pay off residual balances, obtain lower/fixed or floating rates or generate cash for working capital.
Debt Restructuring
Companies that need to refinance or restructure existing debt to increase availability of funds, preserve working capital and reduce expenses.
Export Working Capital Guarantee Program
For small and medium-sized businesses that have exporting potential but need funds to acquire inventory and finance work-in-process in order to sell Canadian goods and services to foreign customers.
Our financing options include construction loans, conventional term loans, business value loans, BIL loans, and equipment financing.
Growth Financing
We provide asset-based lending programs to support your company's growth needs. Rapidly growing companies turn to us to get the financing they need to fuel their growth
Hardware Financing
Leasing, financing and remarketing of computer hardware, communications, office products, electronics and other technology related business critical equipment for vendors, manufacturers, and dealers.
Healthcare Equipment Financing
A full range of customized services to the healthcare industry, including: equipment financing, leases, acquisition financing, sale and leaseback master lease lines of credit, and vendor financing.
Export Factoring
If you are a Canadian exporter, we can help your business finance foreign account receivable transactions. We can assist with insurance programs for foreign receivables that open up operating lines of credit with your bank that would not otherwise be available.
We offer cost effective, off-balance sheet leasing services that are tailored to the individual needs of our customers. We provide a hedge against equipment obsolescence, by offering customized financing solutions that can help businesses quickly acquire or reduce equipment investment during market shifts.
New and Used Equipment Financing
NetFinance.ca offers new and used equipment financing programs and services to manufacturers, vendors and dealers in various industries. We can provide up to 100% financing with very flexible terms and conditions. Rates start as low as 9.5% for clients with a strong financial profile.
Leasing and financing of industrial equipment such as forklifts, machinery, logging and marine equipment, computer hardware, communications, office products, electronics and other technology related business critical equipment for entrepreneurs, manufacturers, and vendors.
| Term | 12 months to 5 years |
| Pricing | Starting at 8.95% |
| Primary Security | Specific Equipment |
| Payments | Monthly fixed payments over the term of the lease. |
| Prepayment | Subject to negotiation. |
We can provide re-financing programs on existing company assets that can significantly assist in adding working capital for start-up, on-going operations, expansion or growth where traditional bank financing is not available. This product is used by businesses that want to free equity that would otherwise be associated with equipment.
A sale/leaseback transaction involves our purchase of your equipment, which we then lease back to you to provide you with cash infusion and help you improve your liquidity and balance sheet.
| Term | 12 months to 4 years |
| Pricing | Starting at 9% |
| Primary Security | Specific Equipment |
| Payments | Monthly fixed payments over the term of the lease. |
| Prepayment | Subject to negotiation. |
Start-up Lease Financing
We can provide start-up financing for a wide range of new or used equipment purchases for companies that are precluded from bank financing
| Term | 12 months to 5 years |
| Pricing | Average rates to 14-18% |
| Primary Security | Specific Equipment |
| Payments | Monthly fixed payments over the term of the lease. |
| Prepayment | Subject to negotiation. |
Growth financing for proactive merger and acquisition.
Management Buy-Outs
We can finance employee, partner or shareholder group succession transactions.
Off Balance Sheet Financing
We can help you take fixed assets and related debt off your balance sheet with one of our innovative lease products
Office Equipment Financing
Financing of office products and technology equipment.
Operating Leases
We can help you take fixed assets and related debt off your balance sheet with one of our innovative lease products. Generally used for your short-term equipment needs.
Our customers can enjoy many benefits from a line of credit, including cash injection and a quick response to their cyclical business situation.
| Term | Interest only, principal due on demand |
| Pricing | Starting at Prime plus 1.5% |
| Primary Security | Accounts receivable and inventory |
| Payments | Interest only |
| Prepayment | At any time without penalty |
Professional Practice Financing
A full range of customized services to the professional practice including: equipment financing, leases, acquisition financing, sale and leaseback, lease lines of credit, and vendor financing
If your current lender is unable to meet your commercial financing needs, you should talk with Commercial Services.
| Term | 12 months to 7 years |
| Pricing | Starting at Prime plus 1.5% |
| Primary Security | Assets based collateral, subordinated and unsecured |
| Payments | Blended Monthly Principal and interest |
| Prepayment | Subject to negotiation |
Financial solutions tailored to each of our customer's specialized needs. Our vendor non-recourse financing programs offer full-service financing. Office products and technology equipment financing programs for manufacturers, resellers and distributors in Canada. We tailor and support financing programs for equipment manufacturers, vendors and dealers in various industries in Canada.
Unsecured working capital term loans or sub debt.
| Term | 12 months to 7 years |
| Pricing | Prime plus 2% to 12%. Financing for companies with proven earnings but have no collateral to pledge - somewhere in the middle on the risk curve and thus somewhere between senior debt and venture capital in price. |
| Primary Security | General Security Agreement (GSA) which provides a floating charge over the assets of the business subject to all existing prior charges (and does not preclude your senior lender from extending further financing), assignment of life insurance on key management, limited personal guarantee(s). |
| Payments | Blended Monthly Principal and interest |
| Prepayment | Subject to negotiation |
NetFinance is not a licensed mortgage lender or broker. However, as part of NetFinance's roster of financial services, we have developed relationships with several top mortgage companies.
If your business needs mortgage financing, simply contact us, tell us what you are looking for, and we will refer you to one of our strategic mortgage financing partners for a free consultation. Our partners offer mortgage financing for the following types of properties:
- Industrial Buildings
- Owner Occupied Business Property
- Office Buildings and Stores
- Nursing Homes and Stores
- Hotels and recreation property
- Industrial Land
- And more!
Let NetFinance be your single point of contact for all of your business financing requirements.