Free consult & free copy of book

E-Myth – “Why most small businesses don’t work & what to do about it”

Contact Us

Stars

Most 5 star CPA Google reviews in Canada

Read Reviews

Chartered Professional Accountants E Myth

1 Fixed Monthly Fee - Planning | Accounting | Taxes | Consulting

Helping Canadian businesses beat the odds!

CFO Services | By The Best For Optics

CFO services wants you to understand that you have to buy the best for exactly how you’re going to get the most profits for your business.

If you can get away with buying a used vehicle, used equipment, etc., go right ahead as it is going to be far cheaper for you. The cheaper that you make it, the more money that you can keep in your wallet.

However, bear in mind that it is not going to come with a warranty. So if in fact that cheaper, used piece of equipment or vehicle breaks down, the responsibility is on you to get up and running, and particularly if it is important for your business.

As well, says CFO services, you might want to consider taking the plunge and buying brand-new.

That will guarantee you the fact that you’re not going to necessarily have to worry about replacing it for years to come. Likewise, you’re not going to be able to have to spend every weekend trying to fix something that is wrong with a brand-new piece of equipment. It is going to come with a warranty, and if it works, then you can always send back and they will be able to fix it, or replace it for you. However, what happens and the problem with that, is that if you do have to send the damaged piece of equipment under warranty, it is going to cost valuable time. Oftentimes what you’re gonna want to potentially do is get it fixed yourself. It will just save you that much more time, particularly if it is up piece of equipment that you definitely need for your small business.

There are a few options for financing in that those equipment that are significantly more and better that are more favourable for financing equipment than it is for financing operating capital. The operating capital is nothing in there are no progress programs for it in terms of the government of Canada. The financing equipment that it is for financing operating capital as well. There’s not a lot of options for operating capital at all. The harder to get, hard to come by, and it is less likely that you are going to get approved with a loan for operating capital.

CFO services stresses the fact that you could be eligible for the Canada small business financing loan. What you’re going to want to do is maybe apply for that so that you can get a little bit of a cash injection and get the ball rolling again for making money and replacing your old vehicle or your old equipment.

What this potentially will do with the cash injection of the Canada small business savings alone will allow you to work on your efficiency, and make things just run a lot smoother and a lot faster. As well, make sure that they can trust in the product and trust in the process if you are using brand-new, state-of-the-art equipment.

Why Do We Know You Will Be Happy With Our CFO Services?

The CFO services states the fact that you can potentially be eligible for what is considered the Canada small business financing loan. You will be able to get approval for up to three and $50,000 to buy leasehold equipment, vehicles, equipment, etc. The banks are more apt to give you that particular loan when otherwise you be at a higher risk. The reason for this is because the federal government are backing that loan. So what that means is if you are in arrears, or back out of that loan, the federal government will be coming after you for that particular money, and they are relentless. They will be phoning you, calling you, emailing you, and bothering you potentially at work or they could even garnishing wages.

Bear in mind that there is a GST that is often trickier to figure out for your charter professional accountant then it would be without one. So what you have to do is you also have to think about is that something that your really going to want to do in terms of working with a Canada small business financing loan. As well what you can do is you can look for a smaller interest rate. However, the interest rate of 7% with the Canada small business financing loan is negligible at best.

CFO services says there is a baseline prime of +3% for the CSB FL and it is kind a better grade a leasing opportunity as well particularly at the time of this article.

As equipment ages, CFO services reminds you that it’s going to cost more to maintain it. New Quitman generally does not necessarily break down. That will cause you a lot less headaches. You are going to have difficulty getting operating capital to fix equipment then it breaks down. Often times what they will be able to give you money for in terms of alone however our biggest brand-new equipment.

Time is the most important capital that you particularly have. Don’t waste time on fixing old dilapidated and decrepit a equipment, take the plunge and by new.

Make sure that you understand the fact that the often the financing or leasing rate that you are quoting is fabricated. They will put things like the application fees on your final purchasing price. Which is not a great idea. Often, what the big businesses do is they have what is called the big move, is that they disguise the price altogether. They actually just change the price so it’s one price if you buy it or get your own financing. Either way, there going to be able to make their money and have them recover that particular rate. You should only hear “how long is the term” and “what are the payments” and what would this piece of equipment do for me is the thing that you have to think most about in terms of your efficiency in your small business. Make sure that it is a decision that should not be taken lightly and you’re going to need to do it eventually.